Is Junk Silver Worth Buying?

Nine pre-1965 nickels on a white surface

July 25, 2023

Is junk silver a good investment? Don’t be fooled by their name. “Junk” silver coins may not be valued as collectibles like numismatics, but they’re still made out of real silver! If you’re interested in diversifying your portfolio into silver, junk coins are absolutely worth considering.

What Are Junk Silver Coins?

Junk silver coins are circulated American coins that were minted before 1965 when coins were made out of 90% silver. Here are the most common examples:

  • Morgan Dollar
  • Peace Dollar
  • Barber Half Dollar
  • Walking Liberty Half Dollar
  • Franklin Half Dollar
  • Kennedy Half Dollar
  • Barber Quarter
  • Standing Liberty Quarter
  • Washington Quarter
  • Seated Liberty Dime
  • Barber Dime
  • Mercury Dime
  • Roosevelt Dime
  • War Nickel

The Economic Way to Buy Silver

Is junk silver worth buying? Many silver stackers actually prefer buying junk silver coins because they’re more affordable than investment-grade silver bullion coins.

If you’re interested in adding silver to your portfolio, buying junk silver may not be the shiniest approach, but you’ll save a lot of money on premiums.

Silver is far and away the most affordable precious metal. It’s very popular among investors who want to enjoy the stability, diversification, and growth potential of precious metals without paying the exorbitant prices associated with gold, platinum, and palladium.

While there are plenty of investors who buy silver in substantial quantities, a common, cost-effective strategy is to purchase silver in small increments over time. Is junk silver worth buying? If you want to procure more silver for your dollar, it’s a great option.

Silver’s Promising Future

A circuit board with silver components

Is junk silver a good investment? The answer depends largely on whether you believe in silver’s growth potential and your opinion on investing in precious metals in general. If you’re a silver bull, buying junk coins is a no-brainer.

While gold isn’t likely to lose its throne anytime soon, many investors foresee tremendous growth in silver’s price. This outlook is largely due to ever-increasing industrial demand for the metal.

Is junk silver worth buying if you believe in silver? Absolutely. Silver has many of the same properties as other precious metals, and in some cases, it’s actually superior.

For example, silver has the highest electrical conductivity of all metals, and is harder than gold. It’s also very ductile and malleable. These properties and others make silver an essential industrial metal in the electronics sector. As technology evolves, demand is likely to grow.

Other Benefits to Consider

Silver’s potential for explosive growth is the most common reason why so many investors are stacking silver products. However, even if its price remains the same, there are plenty of other reasons to add silver to your portfolio.

Why is junk silver worth buying even if you don’t anticipate the price skyrocketing? Just like gold, silver acts as a hedge against economic downturns. Silver performs well during periods of inflation, recession, and other financial crises.

Simply put, silver has true value. It’s a tangible, finite asset with legitimate use cases in the real world. People have faith in silver. The same can’t always be said about fiat currency and other intangible investment vehicles.

Is junk silver a good investment for safeguarding your wealth? Most experts agree that precious metals belong in every financial portfolio, as diversification is crucial to the protection of your holdings.

Silver Investing vs. Coin Collecting

A variety of silver bullion coins

Is junk silver worth buying if you’re building a coin collection? In contrast to silver numismatics, junk silver coins are only valued for their silver content. While collecting these relics of the past can be a fun hobby, they’re not collectibles.

Collecting rare numismatics can be very profitable, but they should be treated as collectibles, not precious metals. Yes, they’re made out of precious metals, but their real value stems from their scarcity, condition, and market demand.

On the other side of the coin, junk silver is the exact opposite. Its value is strictly derived from the fact that the coins are made out of silver. Why is junk silver worth buying? Simply because they’re a means to an end, with that end being silver ownership.

Junk silver coins may not be pretty, but many collectors are actually fond of them because of their antiquity, including the wear and tear. Just make sure you know that their value is tied only to silver’s spot price, just like silver bullion bars.

Junk Coins Offer Excellent Liquidity

Is junk silver a good investment for short-term speculation? One of the great things about junk silver coins is that they’re easy to sell. If the price of silver jumps and you decide to take advantage, you should have no problem finding a buyer.

Is junk silver worth buying as a long-term hold? Yes. If you decide to sell decades from now, there’s very little risk of your coins being devalued. Silver is viewed as the kind of investment you bury in your backyard and forget about. It’ll always be there when you need it.

Contact Us for a Free Consultation

We hope this guide is insightful as you consider acquiring junk silver coins. If you still have questions, please don’t hesitate to get in touch to speak with a knowledgeable precious metals expert.

We understand that every investor has unique needs and goals. Is junk silver worth buying for your financial portfolio? Let’s talk. We’ll provide unbiased facts so you can make an informed decision.

We’re proud to be members of the American Numismatic Association and the prestigious Silver Institute, among many other organizations. With 50 years of in-house experience, we can help you plan your next step.

Secure Your Financial Future Today

Whether you choose to invest in junk silver, silver bullion, silver numismatics, or a different metal entirely, you’ll find a wide selection of high-quality precious metal and numismatic products at competitive prices here at Endeavor Metals.

Is junk silver a good investment? We believe so. Diversify into a time-tested store of value today.

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