Unless you have hundreds, or even thousands of extra dollars you probably face the same problem many beginning silver investors and collectors face. How can I afford to start investing? One of the easiest ways to begin investing in silver is to buy junk silver coins.
US coins – to be exact, Mercury and Roosevelt dimes, Washington quarters, and Franklin and Kennedy half dollars – that were struck on or before the year 1964 were comprised of 90% silver. After 1964 the US stopped placing precious metals (like silver) in all of it’s coins. Misleading referred to as junk silver coins back in the 1970s; these coins represent one of the most popular ways to invest in silver bullion.
Investing in these 90% silver coins, or junk silver represents several advantages over traditional silver bullion. First, you may already have several of these coin in your possession. Simply check your change pile and look of the pure silver cross section (non-silver coins have a 50/50 cross section). Secondly you will often pay a very lower premium to spot value (since the silver is not pure). Thirdly, the coin will always retains it face value. While the silver in a pre-1965 quarter may someday become worth less than 25 cents, since the coin is valid US currency, it will alwasy be worth at least 25 cents. Most important you can begin buying junk silver coins immediately. Right this moment there are hundreds of coins for sale, in various lot sizes, on many site like eBay. Click here to see current junk silver coin auctions on eBay.