The term “Junk Silver” be misleadding. Junk Silver is very valuable and not junk…
It is called Junk Silver, or scrap silver, because it is sold or traded based solely on it’s silver content and not for the coins numismatic value.
All coins minted in the United States up to and including 1964 contain 90 silver with the exceptions being pennies and nickels. Junk silver coins consist of 90% silver and 10% copper.
Junk silver is traded or sold based on one dollar face value of the coins. It doesn’t matter what coins make up the one dollar face value. It could be 5 dimes and 2 quarters or a half dollar and 2 quarters. 10 dimes have the same weight as four quarters or 2 half dollars.(25g)
One dollar face value of junk silver equals .715 troy ounces of silver.
It should be noted, that the coins wear out over time so you should weigh the coins if you want to be certain that you are getting your moneys worth of silver.
Junk Silver is a VERY good way to invest in silver that can be used in the event of a financial collapse. It allows for trading in amounts less than 1 oz coins.
It should be noted that not all 90%silver coins minted in the United States before are considered Junk Silver coins. One dollar coins are also 90% silver and 10% copper but they have a weight of 26.73 g and they’re not typically traded as junk silver. Trade dollars are 90% silver and 10% copper and they are also not traded as Junk Silver. They are traded for their numismatic value.