You can discover more about pre 1933 silver coins along with other silver bullion when it comes to investing. Meanwhile, unlike gold, silver coins have not been banned or expropriated by governments. Silver has enjoyed strong and growing demand not only as a result of its remonetization as a financial asset, but also because of it’s growing industrial applications in medicine, electronics, solar, and many other areas. That’s why many investors buy with the intention of simply making a profit during favorable markets. Like gold, silver values fluctuate on global and domestic markets as measured against volatile fiat currencies. As a result, due to silver being a precious metal, silver coins will always hold value, even if it’s just the value of the silver itself. Just like gold, silver has always had an intrinsic value and has been used as money for millennia. Silver coins are traditionally seen as more attainable way of hedging against inflation and economic turmoil. Why Buy Silver Coins Instead of Gold Coins? However, wisely investing in silver coins requires a degree of forethought and planning, if you’re going to see the best possible return for your money. Whether you’re on the lookout for old or new, circulated or uncirculated, it’s never been easier to invest in silver at the click of a button. There’s a huge range of silver coins available to buy. This includes some allowance for wear as many of these coins circulated for decades. In other words, any two half dollar coins, any four quarters or any ten dimes contain. 715 ounces of pure silver in any one dollar of face value. Half dollars command slightly higher prices. Dimes and quarters offer a bit lower premium - primarily because more of them were minted. Pre-1965 silver coins (aka “Junk” silver - an unfortunate moniker assigned because the coins have no collectible value) are sold in two price categories. You can easily buy Silver Eagles from Money Metals Exchange at low premiums, either by phone or going online. They are the most popular silver bullion coin in the world.
The three clad dimes won’t even come close. Today the silver value in the pre-1965 dimes is enough to buy a gallon of gas with some change left over.
In 1965 a motorist could use either three 90% silver dimes or three of the newly minted clad dimes to buy a gallon of gas. They trusted the silver coins would retain value. People saved these US mint coins with intrinsic value and spent the nickel plated replicas issued in their place. When the US Mint switched from 90% silver to copper clad coinage in 1965, existing silver coins began vanishing from circulation immediately. Silver coins are the very embodiment of honest money. When Did The US Discontinue Silver Coins?
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