Junk Silver Prices

Junk silver prices have been rising over the past few years. Why?

prices of above ground pools

First, junk silver refers to pre-1964 silver U.S. coins such as dimes, quarters and half dollars which contain 90% real silver.

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Silver, like so many other precious metals, has been increasing in value. This is due to the lower value of the U.S. dollar in the world investment community and global economy. With dollars worth less, the things they can buy go up in cost and sometimes, value.

Further, other countries are becoming more affluent. With more wealthy, more individuals and institutions invest and precious metals often fall into those investment plans.

Silver, (and gold) have both risen in price because more investors are seeking safe and secure investments outside of the dollar and stocks pegged to the dollar. Silver and other precious metals offer that type of security.

So what does this mean to you or anyone else who may be interested in investing in junk silver? Because the price is going up, expect to pay a premium for junk silver. Only a few years ago, a "bag" of junk silver sold in the 1000.00 face value range had a price of only seven dollars an ounce. At 715 ounces per 1000.00 dollars of face value, that comes out to be about 5000.00 dollars.

With silver now approaching eighteen dollars an ounce, that same bag of 1000.00 face value junk silver coins has risen to nearly 13,000.00 a bag!

With rising prices like these and the reasons behind the increase, it might be a good time to invest in junk silver before it hits 50.00 an ounce. After all it did in 1980!

Junk Silver Prices

Interested in learning more about junk silver and other ways to prepare for an uncertain future? Be sure to visit my blog to learn more at Prepare:Survival Blog

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