Understanding 90% Silver: Should You Consider Buying Junk Silver?
Understanding 90% Silver: Why Should You Consider Buying Junk Silver?
The world of numismatics and precious metal investment often intersects in the sector of junk silver, specifically 90% silver coins. This niche market caters to both collectors and investors, blending historic charm with tangible value. Whether you’re a seasoned investor or a beginner in the world of precious metals, understanding the intricacies of 90% silver coins is crucial.
What is 90% Junk Silver?
When we talk about 90% junk silver, we refer to coins minted in the United States before 1965. These coins, regardless of their face value, contain 90% silver content by weight. The term “junk” may initially seem derogatory. However, it simply indicates that these coins don’t hold any significant numismatic value beyond their intrinsic metal content. Their value lies in their silver content and not in their rarity or condition.
The Appeal of 90% Silver Coins
The attraction towards 90% silver coins stems from their affordability and historical value. Unlike other forms of silver investments, such as bars or rounds, these coins offer an accessible entry point for those wanting to start building their silver portfolio.
Moreover, these coins carry a piece of history with them. From Roosevelt dimes to Washington quarters, each coin provides a glimpse into its era. This historical aspect adds a unique dimension to the investment, transforming it into a tangible connection to the past.
Purchasing Rolls of Silver: An Economical Approach
One way to acquire these 90% silver coins is through purchasing rolls of silver. This approach allows you to obtain a larger quantity of silver at once, potentially offering cost savings compared to buying individual coins. It’s akin to buying in bulk – the more you buy, the less you pay per unit.
Among the many types of 90% silver coins, the 1964 Kennedy half dollar stands out as a popular choice. Minted in the year following President John F. Kennedy’s assassination, these coins serve as a commemoration of his legacy. Besides, they are typically in better condition than many other older silver coins and are reasonably priced, making them an attractive option for both collectors and investors.
Other Silver Coins with Numismatic Value
In addition to the 1964 Kennedy half dollar, there are several other types of 90% silver coins that hold numismatic value. This includes pre-1947 Walking Liberty half dollars, Franklin half dollars, Mercury dimes, Standing Liberty quarters, and Washington quarters. While these coins are inherently valuable due to their silver content, their rarity and condition can significantly enhance their worth, making them highly sought after by collectors. Some of rare silver coins can fetch hundreds if not thousands of dollars depending on the condition and the mint mark. Coins are graded on a scale from 1-70, with a grade of 70 being the highest possible that a coin can achieve. To learn about coin grading and coin values (price guide), check out the PCGS (Professional Coin Grading Service) and the NGC (Numismatic Guarantee Corporation)
Collecting Silver: A Beneficial Investment Strategy
Investing in silver coins goes beyond merely owning a piece of history. It serves as a tangible asset that can potentially appreciate over time. As the price of silver fluctuates, your silver coin collection may increase in value, providing a profitable return on your investment. Moreover, silver often serves as a hedge against inflation and economic uncertainties, making it a prudent addition to your investment portfolio.
The Reliability of 90% Junk Silver as an Investment
90% junk silver is regarded as a reliable investment option due to its intrinsic value and historical significance. Unlike paper assets or digital investments, these coins are a tangible asset that you can hold in your hand. Their value doesn’t hinge on the performance of a company or the stability of a government. Even in times of economic instability or currency devaluation, 90% silver coins retain their inherent worth.
The Versatility of 90% Silver Coins
90% silver coins cater to a diverse range of interests. Collectors appreciate their historic significance and the thrill of hunting for rare or unique pieces. Investors, on the other hand, value their silver content and the potential for capital appreciation. Whether you’re a numismatist, an investor, or somewhere in between, 90% silver coins offer a unique and rewarding avenue to explore.
The Long-Term Benefits of Collecting Silver
Collecting silver coins is often viewed as a long-term investment strategy. Unlike other investments that may require consistent monitoring and active management, collecting silver can be a relatively passive endeavor. Once acquired, these coins can be safely stored and left to potentially appreciate over time. This makes silver a suitable option for those seeking a low-maintenance investment that can provide long-term benefits.
90% Silver Coins: A Tangible Form of Wealth Preservation
By investing in 90% silver coins, you’re acquiring a physical asset with intrinsic value. This can serve as a form of wealth preservation, acting as a safeguard against economic instability or currency devaluation. Unlike digital assets or paper currency, silver coins will always hold tangible value, offering a sense of security and stability.
When considering purchasing 90% silver coins, it’s crucial to choose reputable dealers, like FMR Gold. Trusted dealers ensure the authenticity and quality of the coins, providing you with peace of mind and guaranteeing that you’re getting your money’s worth.
The Bottom Line
Investing in 90% silver coins offers a unique blend of history, value, and potential profitability. Whether you’re a collector captivated by the stories these coins carry, or an investor seeking a tangible asset to diversify your portfolio, 90% silver coins are worth considering. As with any investment, it’s essential to conduct thorough research and consider your financial goals before diving in. But once you start, you may find that collecting silver coins isn’t just an investment – it’s a rewarding journey through history.
Brilliant Uncirculated (BU) 90% Silver Coins
Indulging in the world of 90% silver coins, we encounter the term ‘Brilliant Uncirculated’ or BU. This phrase signifies that the coins are not just ordinary circulation coins. These are coins that have never been used for trade and have retained their original mint luster. Consequently, BU coins generally cost more than average circulation coins due to their superior condition and quality.
The Myriad of 90% Silver Coins
There’s a diverse range of 90% silver coins that can enrich your collection or investment portfolio. Apart from the 1964 Kennedy half dollar, other popular choices include pre-1947 Walking Liberty half dollars, Franklin half dollars, Mercury dimes, Standing Liberty quarters, and Washington quarters. Each of these coins carries a unique history and value, offering a rich variety to explore.
A Final Word
Whether you’re a seasoned numismatist or a novice investor, 90% silver coins offer a rewarding and potentially profitable avenue to explore. With their rich history, tangible value, and wide variety, these coins provide a unique opportunity to own a piece of history while investing in a tangible asset. As with any investment, it’s crucial to conduct thorough research, understand the market dynamics, and choose reputable dealers. With the right approach, investing in 90% silver coins can be a journey as rewarding as the destination.
