90% JUNK SILVER - USA DIMES

The cheapest way to invest in silver is to buy these junk silver coins. Junk silver is a term used in the United States, Canada, United Kingdom and Australia referring to any silver coin that is in fair condition, with no collectible or numismatic value above the value of silver it contains. The coins were also minted in the year 1965 or before. These 90% junk silver coins usually come in a bag of dimes, quarters and half dollars.

Buying 90% junk silver is also the most cost-effective way to invest in silver in bulk. Why? Because these junk silver were made years ago by the US Mint for free and use as currency. 

There were no fees for refining or minting these coins compared to the modern silver bullion coins where a small premium is passed along to the investors.

Today, the pre-1965 US 90% silver coins are rarely seen in the circulation. Although they are used as US legal tender coins and has the power to buy or purchase goods and services, their actual value is based on the amount of pure silver it contains which is actually higher than the coin's face value.

According to Gresham’s Law, authored by Sir Thomas Gresham, a British economist in the mid-16th century, “when coins with equal same face value but different intrinsic value are put in the circulation side by side, the coin with the higher intrinsic value will be hoarded and only the coin with a lower intrinsic value will remain in the circulation”. Just like what happened in 1960’s when Public Law 88-36 was passed and silver was removed as the underlying exchanged for one and two dollars. In 1965, the US Mint stop minting dimes, quarters and half dollars with 90% silver and replaced them with a lower intrinsic value metal-cuprous nickel.

The most common collected 90% junk silver US dimes are the following: Liberty Head “Barber” (1892- 1916); Winged Liberty Head “Mercury” (1916-1945) and Roosevelt (1946-1964); all these three dimes

are made of 90 percent silver. 

To know the cost of the junk silver, just simply divide the face value of the coins by 1000 and then multiply the decimal amount result by 715 to determine the number of ounces of silver present. Finally, multiple the number of ounces by the current spot price of silver to produce the dollar value of your junk silver.

• These coins are free from refining or minting fees; they were minted by the US Mint years ago for currency purposes

• The 90% junk silver includes dimes, quarters and half-dollars minted by the US Mint in 1664 andearlier as legal tender when real silver was still used in the US coinage. Privately minted coins

are not legal tender.

• A $1000 face value bag of 90% junk silver coins regardless if it contains dimes, quarters or half-dollars contains the same 715 ounces of pure silver, US Mint guarantee.

• Easy for storage and transport and trading/barter since these are small units of silver.