40% Silver Coins
What are silver junk coins? It is said to be known that all the coins produced before the year 1965 have been given this name. It also know that most of these contained 90% silver but what about the coins which were not 90%. Sources reveal that the silver content varied from 30-90%. We are here today to discuss about a particular set of coins that have gained their importance in the last five decades. Even if the coins containing any other contents of silver didn't work, there was one that stood out and those were 40% silver coins.
Since there was dimes, quarters and half dollars produced during that period, that too in many forms it is difficult for one to specifically locate the 40% silver coins. Well to make it easier for you, we shall tell you which are the coins which were made to have 40% silver content. For that we shall go back in time, well the quarters which are dated 1965 or later all were copper-nickel coins, but there was a transition which saw the emergence of the Bicentennial quarters which were specially sold by the Mint in Mint Sets or Proof Sets.
These specially minted quarters had 40% silver content and to identify them easier, all these quarters had an "S" mint mark on them. Then we also saw the rise of the Kennedy Half Dollars, at the start all the coins produced had 90% silver content, later on coins produced from 1965 to 1970 had 40% silver content. Then we also saw another set of coins that is the Bicentennial halves and the Eisenhower dollars. All these produced from 1971 to 1974 had 40% silver content. These 40% silver coins were again distinguished by using the "S" Mint mark over them.
The price of these coins today is slightly less than the spot price of silver in the market. The reasons why they hold lesser value is because of the increased popularity of 90% silver coins and original bullion silver coins. The value of a these 40% silver coins today is as follows, almost 80 or 90 cents for a dime, then about .00 USD for a quarter and close to .00 USD for a half dollar. These coins are also available in form of silver bags with their face values ranging from 0, 0 or 00. One can look up the internet for more buying options.
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My first experience buying silver in California was mixed - I had to pay 8% tax on top of the premium, but I did get a proof coin when I ought to have gotten a regular ounce. Not a bad deal! Also, I explain the biggest Cash4Gold scam ever - it was when the Federal Reserve, along with Nixon, took us off the gold standard! He literally gave us cash for gold, but in a bad way!
Curious About Starting a Silver Coin Collection? Consider These Limited Items
Collecting coins is one of the world's oldest hobbies. Long before there was paper money, rulers, emperors, and kings had their noble visages stamped on precious metals like gold and silver. Scholars of ancient Roman history have long believed that Caesar Augustus (63 BC—14 AD), the first Roman Emperor, was an avid coin collector. According to the great Roman historian, Suetonius, the emperor often gave them as gifts to his friends and loved ones.
There is even archaeological evidence that suggests people have been collecting coins since at least the Roman era, and possibly even earlier! Coins may have been collected as far back as the 4th century BC. And since coins of that era were considered works of art, it stands to reason that some connoisseurs would have collected them.
Eminent collectors speculate that coin collecting most likely became a demotic hobby when Emperor Trajanus Decius (249-251 AD) had the Roman mint issue coins of all the Roman Emperors that came before him. These coins inspired rulers of future generations to do the same. Most U.S. coins, for example, are based on the old Roman currency with the side profile of a president on the obverse, instead of an emperor.
During the 15th century, coin collecting became known as the "hobby of kings," because many members of the European nobility enjoyed it. These royal family members had the wealth and influence to purchase ancient coins from all over the world. Like most hobbies that involve collectibles, the rarer and older the item, the more people wanted it. Coin collecting became so popular that great artists were commissioned to make replicas of famous ancient coins, which were then added to impressive personal collections.
Because of its popularity, forgeries were quite common. As a result, major collectors were forced to employ scholars who had studied the history of ancient coins and could spot a fake. This was when coin collecting became numismatics, a word that means the collection and/or study or coins.
By the 17th century, huge collections were assembled, studied, and cataloged. The former hobby soon became a respected academic pursuit and many of its top scholar published popular and influential books during this period. Now called numismatics by most, the study of coins was considered a science.
With the decline of rigid class structures in Europe in the 19th and 20th centuries, more and more middle class and even lower class people took up coin collecting as a simple hobby. Others recognized that coins were a great investment opportunity, since their value seemed to always increase. Basic handbooks and coin guides were created for the non-academic novice during this time.
Modern Collecting
The internet has been a great boon to coin collectors everywhere as it has connected experienced numismatists with interested neophytes from all over the globe. Huge internet auction sites like eBay also make it easy for collectors to buy and sell coins. The only problem is that most people don't know very much about collecting coins, which means they often make bad choices. If you are interested in starting a coin collection, there are several things you should know.
What to buy?
Just as in any new endeavor, the novice should never pretend to know more than he actually does. While it can certainly be tempting to dive in head first, most experts strongly suggest that you start small and learn a bit about the hobby before you buy anything.
One of the more reliable ways to get value for your money is to purchase a coin that is stamped on a precious metal, like gold or silver. But with the price of gold at a record high, few new collectors can afford gold coins, which is why silver coins are such a popular alternative. Over the past two decades, the price of silver has risen rapidly, faster, in fact, than the price of gold. It currently stands at around 17 dollars per ounce.
The U.S. Mint is well aware of the rise in popularity of silver as both a precious metal and a collectible and they offer several silver proof sets each year. These sets start at about and obviously are tied to the price of silver. Probably their most popular offering is the U.S. Silver Eagle. The Eagle is made from one full ounce of silver bullion and they are generally sold for just a few dollars over the present spot price of silver.
Because of its purity (99.9 % pure silver), the Eagle remains the most collectible modern silver coin on the market. Though the Mint does not normally release print runs, they have issued limited addition sets in the past. For example, their 20th anniversary Silver Eagle Set was limited to 20,000. The set was a huge hit and almost all of them sold. Because silver bullion prices have increased, these limited edition sets have become quite valuable. Most limited sets are only available for a short period of time, often for only a few months. So, when the U.S. Mint announces a special set, coin collectors line up.
Gil Lopez is a freelance writer who writes about a variety of topics including collecting silver coins.
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Angus & Julia Stone - Silver Coin [ALBUM] version
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KRAVETZ AUCTIONS Saturday, April 16th 11am AT THE WOMANS CLUB OF ASBURY PARK LOCATED AT 57 WICKAPECKO DRIVE OCEAN …
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