90% Junk Silver Quarters

The term “junk silver” refers to U.S. coins minted before 1965 that are made from 90% silver and 10% copper but are typically sold based on their silver content rather than their collectible value. These coins include dimes, quarters, and half dollars minted prior to 1965. Here’s why they’re called “junk silver”:

1. Condition of the Coins

• Circulated Coins: Most of the pre-1965 dimes and quarters are found in circulated, worn conditions, meaning they no longer have the pristine, collectible qualities that collectors often seek. While they may have historical or numismatic value, their wear and tear reduces their appeal as collectible items.
• Not in Mint Condition: These coins are usually not in mint state (uncirculated condition), which means their value is not based on rarity or condition but primarily on the precious metal content.

2. Primary Value is Silver Content

• Silver Content: Junk silver coins are typically valued based on their silver content rather than their face value or collector value. For example, a pre-1965 quarter contains 90% silver, with a total of about 0.1808 ounces of pure silver per coin. The term “junk” isn’t a reflection of the coin’s intrinsic metal value, but rather indicates that the coin’s market value is based almost entirely on its silver content.
• Market Fluctuations: The value of junk silver fluctuates with the price of silver on the commodities market, which is why it’s commonly bought and sold as an investment in silver rather than as a numismatic treasure.

3. “Junk” is Relative

• A Common Term in the Silver Community: While the word “junk” might sound negative, it’s simply shorthand for “circulated silver coins” that are sold for their melt value, not for their numismatic (collector) value. It doesn’t imply that the coins are of poor quality; instead, it means that they are not sought after for their specific date or rarity, but are valued as a bulk silver commodity.

4. Pre-1965 Coins Are No Longer in Circulation

• No Longer Used in Transactions: After 1964, the U.S. government switched to a copper-nickel alloy for dimes, quarters, and half dollars, removing the 90% silver content. Coins minted prior to 1965 are no longer in circulation, so they have little use as currency outside their silver content. This further contributes to their classification as “junk” in terms of currency utility

While the term “junk silver” might sound dismissive, it simply reflects the fact that these coins are mostly bought and sold for their silver content rather than their numismatic or collectible value. They’re a popular and affordable way for investors to purchase silver, often at a lower premium than other silver bullion products like bars or rounds. The coins are still valuable for their silver, and many people appreciate them for both their metal content and their historical significance