Pre-1965 U.S. Silver Coin Bags

One of the most popular ways to invest in silver bullion is buying U.S. pre-1965 silver coins. Commonly referred to as "junk silver coins," this name developed in the 1970s and is used to describe average circulated U.S. silver coins, meaning no rare coins are included.

All silver coins struck in 1964 or earlier were minted with 90% silver and 10% copper. Please note: the copper content of these coins is excluded from any calculation of pricing, only the silver content is valued! Each dollar of face value contains .715 ounces of actual silver content, so a full junk silver bag ($1,000.00 face value) contains 715 ounces of silver. There is no additional premium added to pricing of these coins based on condition or collectible value – each order will include a variety of minting dates and coin conditions. Independent Living Bullion offers this form of pre-1965 silver starting in bags of $50.00 face value and in increments of $50.00 face value thereafter (i.e. bags of $50, $100, $150, $200, and so on). Silver bags of dimes, quarters, or half dollars are available.

Pre-1965 silver coins do offer several advantages. First, they provide small increments of barter. Secondly, like silver rounds, this form of silver carries a low premium over the spot market price of silver. (In other words, the market value of "junk silver" is very close to the actual melt value of the coins.) Thirdly, they are legal U.S. tender (albeit only for the face value). Finally, junk silver bags are recognized around the world as a trading medium and are therefore very liquid. You can buy silver coins online or by calling Independent Living Bullion at 1-800-800-1865.