Junk Silver
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Examples of Junk Silver Coins |
Silver coins minted for circulating currency are not pure silver. In general silver is considered to be too soft to for functional items. Sterling silver is an alloy, usually silver and copper, with a minimum of 92.5% silver by weight to be considered ‘sterling silver’. Most US silver coins minted before 1964 are 90% silver by weight and are either ‘numismatic’ or junk silver coins.
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More Junk Silvers |
Silver coins which had been minted for use as currency will never fall below their stated value i.e. a silver dollar is worth $1.00, a dime $0.10, etc… and they spend as such. However when sold as collectible, The silver content (which is subject to current market price) is compared to its market value which is based on what other collectors are currently willing to pay for it. This separates “Junk” silver coins from “Numismatic” silver coins. A numismatic silver coin’s value depends on many factors some of which are: when and where they were minted, and the condition of the silver coin.
Coin Weight (g) Composition
$1 Face 25 90% silver, 10% copper
$5 Face 125 90% silver, 10% copper
$10 Face 250 90% silver, 10% copper
$20 Face 500 90% silver, 10% copper
Coin Weight (g) Composition
1/2 lbs. 226.796 90% silver, 10% copper
1 lbs. 453.59 90% silver, 10% copper
5 lbs. 2267.96 90% silver, 10% copper
10 lbs. 4535.92 90% silver, 10% copper
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