The term "junk silver" applies to silver coins which in the United States were minted and in free circulation in this country through 1964 and which are in fair or average circulated condition and are purported to have no numismatic value. These coins are 90% silver. The Kennedy half dollar continued to be minted in silver after 1964 as a tribute to our then recently fallen president, but the silver content was reduced to 40%, and after 1970 joined our other "silver only in color" currency called clad coins made from layers of copper and nickel. Though virtually never found in circulating money today, this so called "junk silver" is still available through reputable dealers at reasonable prices, and despite its name we believe it has a certain charm and historical significance which are additive to its bullion value. Our favorites are the mercury dimes and Franklin half dollars. Such fractional quantities would be most useful in a financial collapse to trade for food and other necessities. To hold these coins is also a reminder of what real money used to be, when the medium of exchange was actually worth something.
A nice article just out yesterday with more information about pre-1965 silver is linked below. Our friends at Liberty Gold and Silver and APMEX would be great places to stock up should you choose to further diversify your holdings and add a little old school charm to the vault. This is perhaps the best example I know of where one man's junk is another man's treasure. Get your treasure while it's still available!
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