The Term "Junk" Silver Developed in the 1970s

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Savvy people began pulling these coins from circulation and trading them at values based on their silver content. Coin dealers applied the term to distinguish this circulated coinage with no collectible value from more collectible coins they wanted to sell at higher prices.

Today these coins are widely traded by bullion dealers. They are very popular because they often cost less than other US bullion coins such as US Silver Eagles. Half dollars, which each contain .358 ounces of actual silver content, are also much smaller than the 1-ounce Eagle. Preparedness minded investors consider official, recognizable US coins in smaller sizes ideal for use in barter. 90% US silver half dollars are anything but "junk", despite being referred to that way.

Silver half dollars are an excellent store of value. Americans buying gas in 1964 could have purchased 1.667 gallons of gasoline for fifty cents - the face value of one of these coins. Today, based on gas prices at $2.50 per gallon and silver at $17.00 per ounce, the coin will buy about 2.4 gallons of gas.



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