Junk Silver Bags Stop Money Inflation

Junk silver is any silver coin which has no collectible value except for the value of the silver in it.  As Wikipedia explains “junk” does not refer to the condition of the coin. It refers to the fact that the coins have no collectible value. Therefore they are called “junk’. But it is not necessarily “scrap silver”.  “Scrap” silver is usually damaged silver items that people sell as scrap.

Many people began to invest in junk silver bags (junk silver coins sold in bags of varied sizes) because it can be bought at the same price or almost the same price as “spot” silver. A  “spot” price for silver is the price for a troy ounce of silver (the term for the measurement of precious metals) which is 99.9% pure or 999 fine. The spot price is the price that the silver is being traded  at on the Commodities Exchange that day.

About Junk Silver Coins (not really junk at all )

Most silver coins including those sold in “junk silver bags” contain silver alloy of between 35% and 90%. Coin silver refers to 90% silver alloy which was used to mint silver coins until the year 1965. After 1965 the U.S. Government stopped making dimes, quarters and half dollars with a 90% silver content and started using nickel coins which have less internal value. The pre 1965 coins were taken out of circulation. Once that was done dealers used the opportunity to sell these coins to investors.

The public has been investing in junk silver bags because coins are legal tender and they are worth the same amount no matter what the price of silver is. Also coins can be spent in small amounts. If the traditional currency system were to collapse silver coins could be a good alternative. Other types of currency which are not precious metals or other commodities (e.g. paper currency) is subject to inflation. However precious metals will always have value.

The term “junk silver bags” began in the 1920’s. It described a bag of average coins which were in circulation then. It only referred to regular coins , not rare coins. Junk silver bags are recognized around the world as a form of currency so they are very liquid. The price that you have to pay to buy junk silver bags can go up or down daily depending on the price of silver. An example of  a junk silver bag is a bag of “U.S. Peace Silver Dollars. They were first made in 1921 in remembrance of the end of World War 1. On  ebay one can buy a junk silver bag of coins with a face value of $1000 which weighs appx 773 ounces for about $20,000.

Silver also comes in bullion which are bars or rounds of ½ ounce or 1 ounce. Silver rounds are minted from 999 silver. Silver bars such as the Pan American Silver Bars come in one try ounce size which equals 5 grams . They are available in bars up to 100 troy ounces.

The biggest advantage to buying junk silver bags is that you’ll never lose out because the coins will always be worth at least their face value and you can use them anywhere to buy things.