One of the most popular and cost-effective ways to purchase silver bullion is buying Pre-1965 90% US silver coins. 90% silver coins are sometimes referred to as "junk silver". Pre-1965 US 90% Junk silver consists of quarters, dimes, and half-dollar coins once used in circulation, all composed of 90% silver and 10% copper. Junk Silver is sold in units of $1 face value, meaning 4 x Pre-1965 90% Silver Quarters equals roughly 0.715 oz of fine silver.
Additionally, from 1992-2010 the U.S. Mint also issued special edition proof dimes, quarters and half-dollar coins that have the same silver content as the pre-1965 90% "junk silver" coins. One of the biggest benefits for those who buy 90% silver coins is that it typically allows people to acquire silver bullion at a lesser premium over the spot price for silver, when compared to other bullion products. Legal tender U.S. coins are exempt from sales tax, too!
Some people also buy 90% silver coins for “survival purposes”, since the small increments of the 90% silver coins allow for the potential to barter in difficult times.
For more information on buying 90% Junk Silver Coins check out our
free Check Your Change infographic in the Learning Center.