Posted: 7/19/2014 3:17:23 PM EDT
Here are some 90% silver coins that I recently received ("junk silver").  Top to bottom, left to right Kennedy half dollar, Franklin half dollar, Walking Liberty half dollar, World's Columbian Exposition half dollar, Washington quarter, Roosevelt dime, Mercury dime, commemorative quarter (Minnesota), Roosevelt dime. All except the two on the right are pre-1965. The two newer ones were originally sold as a part of proof sets. I bought all the coins from SilverTowne and Provident Metals. SilverTowne sent a mixed lot of pre-1965 dimes, quarters and half dollars, as well as some of the newer dimes and quarters. Provident sent only pre-1965 quarters. While I can't complain about the Provident lot, since they sent what was advertised ("90% Junk Silver US Coins"), I did prefer the mixed lot from SilverTowne. The new coins weigh the same as the older ones, except for the more worn specimens. A couple of the older ones had lost up to about 4% of their original weight. The ratio of melt value to face value is almost exactly the same for any of the coins (currently about 15.1:1). The current cost, before shipping, is around $16.50 for $1 face value, which is a premium of about 9.3% over spot. By contrast, Silver Eagles are selling for around 18.4% over spot, and 1 oz. silver bars or rounds are around 8.7% over. I'm trying to build a collection of 90% junk, Silver Eagles, other silver coins (such as Britannias and Maple Leafs), and silver bars and rounds. IMO silver is currently a better investment than gold... but it may or may not be as good as guns and ammo, at least in the shorter term, if there's another panic. [ETA: thread title change, in order to solicit comments about collecting junk silver, or silver in general. For those wondering, the original title was "Pics of my junk". Over 300 people clicked; maybe the new title will get a better response. Or, maybe not  ]
|
|
I like various junk silver with some numismatic coins as well.
I been concentrating on rolls of dimes as of late. They will be easier to break up and sell if need be and for Me at a local place all 90% is the same price per dollar. 10 dimes= 4 quarters = 2 halfs or any combo Been about $17 per $1 so a dime roll is $85 That's easier to swallow then buying a roll of quarters or halves. |
|
I usually buy Roosevelt dimes and Kennedy halves. The reason being, they have less wear and thus more weight. Those two denominations serve me well for what I am trying to do. I also buy American Eagles, and 5oz bars from sunshine mint.
As far as gold goes, I don't have any. I would like to, but don't have the silver I need yet. |