Is junk silver worth investing in?

in #steemsilvergold2 years ago

merc dimes.jpg

Junk silver is far more cheaper than pure coins and bars...which makes it easier as an entry point for investing for beginners. Junk silver has far less silver in them than pure coins and bars do, but they are far from junk.

Many different US coins from certain early dates were made with silver. Different percentages for different coins. Now there are no silver coins that is being use for coinage in the US, as they stopped minting them years ago.

Years ago after they decided to stop making common us coinage with silver, they melted a bunch of the silver coins that were made, which makes them more rare.

Junk silver is a great thing to invest in if you do not have a lot of money to invest but you still want to hold some silver. Junk silver has a higher value than its face value for sure, and if the price of silver per ounce goes up in the future, the price of junk silver should go up too.

I don't have much junk silver in my collection, but I don't mind having some. I currently have like 7 mercury dimes, and I currently have one washington pre 1964 quarter on its way. I bought only one because that is all I can afford right now and I do not get paid in another 7 days...haha.

These coins hold a lot of history. They are very old and I'm sure they have been many places and have been touched by many people. They are not in production anymore and people are buying them up and saving them when they get their hands on it because it it worth more than its face value.

Since there is less silver in junk silver coins, it is obviously not going to be worth as much as pure silver, but it still has value. There is a lower premium on junk silver as well so that is also a big plus.

I don't know how soon the price of silver will be going up but like I've been saying in my previous posts, the demand and usage for silver is going up, and the price should be going up in the coming years. Silver is still a long term investment however. You should buy it and store it for the long term. My recommendation is don't sell it until silver has reached a really high price or unless you really need the money.

Junk silver that was produced is definitely worth more than the common coinage you see nowadays...and I think it is a good idea to hold some on the side along with the pure stuff. It doesn't hurt. These coins have history and become more and more rare as the years go on.

Overall I think junk silver is worth investing in, but you should aim to invest in pure silver because it will be worth more I think. I just hope in the future the price of silver will be way higher than it is now because right now it is super undervalued. Hopefully some time in the future its price will be where it is truly valued at and it won't be undervalued. Silver is becoming more and more rare as the years progress, and it is used for many things like I have mentioned before. It doesn't hurt to own a few old junk silver coins and store them away.

Anyways thank you for reading my post, and steem on!

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Are you in for a big surprise... As per "my version" of the coming U.S. Monetary Correction, you'll be able to turn in one of your 90% Silver Dimes for a Corrected 1/10 ounce, $1 Silver Coin that will have the Spending Power of 100 of today's Fiat USD's... Your 90% Silver Quarter can be turned in for a Correted 1/4 ounce, $2.5 Silver Coin, that will have the Spending Power of 250 of today's Fiat USD's... Our 90% Silver Coins will do TEN TIMES better than our Common U.S. Coins...

I hope so. They are becoming more and more rare. One day we shall see their true value.

Trust me... You don't have to wait much longer...

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