Coin collectors and investors shouldn’t allow themselves to be discouraged by the term “junk silver,” as it is not junk by any means. This form of silver is valuable and can be used for multiple purposes which range from investment to survival. However, it is important to understand how it is distinct from other types of silver.

What Is Junk Silver?

This type of silver is typically comprised of 90 percent silver and in the past was considered legal tender, meaning it could be used to buy items such as clothing or food. Today, junk-versions of silver is primarily used for investment purposes, and is also popular among preppers and survivalists. Junk silver is distinct from bullion silver coins such as the American eagle in that it does not contain bullion in even amounts. It is also distinct from silver numismatic coins which are valued based on their collectability.  The term “junk silver” simply means that the value of the coin is based completely on its silver content.  However, it is not the same as scrap silver.

Why You Should Acquire Junk Silver

There are a number of benefits you’ll gain by adding junk silver to your portfolio. The first of these are the lower premiums. Since the value of these coins is based on their silver content, junk silver will usually be found at much lower premiums than what you’ll find with silver coins such as the American eagle.

Many of the benefits which are associated with silver in general can be applied to junk silver. Silver has many industrial uses and new applications for it are being discovered all the time. Junk silver has all the benefits of gold without the high price tag. You can get started investing in these coins affordably and acquire it at your own pace. This form of silver is an excellent conductor of electricity and it also has antimicrobial properties.

Junk silver is usually sold in small quantities which mean it is excellent for barter during emergencies, when ATM machines, debit cards or cash is not available or useful. Also, as with silver in general, they can shield you against inflation. For example, during the 1960s a silver quarter was worth about 25 cents. Today that same silver quarter is worth more than twenty times that amount.

Where You Can Buy Junk Silver

This type of silver can be purchased online or from local coin shops in your area. Some of the most popular forms of junk silver include Pre-1965 dimes such as the mercury or liberty head, Pre-1965 quarters and the John Kennedy and Walking Liberty half dollars. As with precious metals in general it is important to do your research to find a dealer that you’re comfortable with. Junk silver provides more than just monetary value; it is a piece of history. It is a product that will stand the test of time and is something that you will want to pass down and share with future generations.