“Junk” or “constitutional” silver generally refers to 90% silver coins minted by the U.S. Government. This is generally dollars, half dollars, quarters, and dimes minted in 1964 or before and meant for general circulation. While some modern commemoratives are still made in 90% silver, they are meant for the collector market only and are thus excluded from junk silver.
Junk silver is on the CUSIP list. The designs of the coins included in junk silver vary greatly, and generally speaking the older the coin, the more significant its numismatic value. These coins are generally sold by the piece, instead of by weight. Many people consider junk silver an attractive alternative to fractional silver pieces.
BONUS FACT – U.S. coins have also been made with a 40% silver content, such as Kennedy halves and wartime Jefferson nickels, but these generally command a lower premium and lower resale value than their 90% counterparts.
At Red Rock Secured we are here to help educate you as an investor and inform you of the best ways to protect your retirement through strategic diversification in precious metals and gold. Call and speak to one of our gold investment experts now.