So, this means it’s important to identify specific junk silver coins that have no value to numismatists and also trade at low prices – just over the spot or sometimes even below. However, junk silver coins can be bought at only 1-3 percent over the spot. Download our FREE cheatsheet hereīullion coins such as the American Silver Eagle command a ten to fifteen percent premium over the spot price.
The 7 Crucial Consideration before you buy silver coins. “Gold & silver investment jargon explained” – Just one of our YouTube videos. Many of these coins are very attractive to investors as they present a way for them to buy silver at low prices. So, these coins command a market value based on what is known as their ‘melt value’. However, the purity of silver in these coins varied from 35 to 90 percent. The US government minted several coins during this period using alloys that contained silver. The most popular coins within this category are American silver coins that were minted prior to 1965. Therefore, the only value it could possibly have is the value of the amount of silver it contains. Junk silver coins are world coins with absolutely no numismatic value. Call our precious metals team to discuss your silver investments.
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