Gold and silver slipped on Monday as interest rate cut hopes faded away now that investors aren’t betting on the rate cuts to start until May. The speculation comes after some strong economic reports and statements from Fed officials last week. Silver dropped 6.1% in December after advancing 12% in November to end 2023 just about flat.
With silver still far from its $50 an ounce high from the last bull market, dips like this present a real opportunity.
And we can't think of a better way to make the most of today's lower silver spot prices than with junk silver.
What is junk silver?
Circulated, pre-1965, common date U.S., 90% silver dimes, quarters and half-dollars are referred to as “junk silver” because they cannot be considered numismatic or collectible. Morgan and Peace silver dollars are not included because even heavily circulated silver dollars tend to carry numismatic market value beyond their intrinsic metal values.
However, the benefit of junk silver is that a bag of these coins is easily and instantly divisible. Try doing that with a 1 oz. gold coin or 100 oz. bar of silver. It is bought and sold for the silver value… not the face value of the coinage. This is also the reason we think junk silver is a great way to buy silver.
Junk silver coins are a finite commodity. They are no longer being made, and many of the bags have been melted down over the years.
Some people would question whether the old U.S. silver coin would not be recognized. If that were true, you would find them in your pocket change, but you don’t... everyone realizes they have a value in excess of their legal tender value due to the silver content.
Here are some of the reasons junk silver boasts incredible value:
• Junk Silver is easily recognizable
• Junk Silver is readily divisible
• Junk Silver has never been confiscated
• Junk Silver is convenient to store and hold at home
If you want to hold silver in your portfolio, junk silver is one of the best ways to own it in a physical form. They don’t need to be assayed to determine their precious metals’ content; they don’t need to be appraised by an expert to tell you what grade they are. Virtually anywhere you go, you can find a buyer who knows that a $100 face-value bag of these coins contains 71.5 ounces of pure silver and will pay you accordingly.
Currently, junk silver premiums have been on their way down, making now a premium time to make a purchase if instant divisibility is one of your goals for owning physical metal.
Give us a call at 1-800-831-0007 or email us to place your order today!
$1,000 Face Value Bags of Junk Silver Dimes or Quarters
Just $1.99 over spot per oz.
*Prices subject to change based on market fluctuation and product availability. Prices reflected are for cash, check, or bank wire. Minimum order is $100 Face Value of junk silver. Free shipping, handling, and insurance are available for purchases of $500 Face Value of junk silver or more, with the exclusion of HI and AK. Price of $1.99 over spot per ounce available for purchases of 1,000 Face Value or more. Purchases of any amounts lower available at $2.49 over spot per ounce. Offer expires Friday, January 26, 2024, or while supplies last.