Unique Content Article: Info You Need to Know When You Buy Junk Silver Coins for Investment Purposes

<h2 class = 'uawtitle'>Info You Need to Know When You Buy Junk Silver Coins for Investment Purposes</h2><br />
<div style='font-style:italic;' class='uawbyline'>by Glen Phillips</div><br /><br />
<div class='uawarticle'>When it comes to silver investments, purchasing high grade silver coins at 99.9% purity is the go-to business but do you know that people who <a href="http://atlantagoldandcoin.com">buy junk silver coins</a> can also benefit from participating in the industry? Junk silver coins are those that have been minted prior to 1965 and contain 90% silver. While they are not as valuable as pure silver coins, the high percentage of silver in these coins still merits enough attention to be considered a worthy investment.<br />
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For those who are unable to buy 99.9% silver coins, here's a great alternative. There are actually quite a lot of these "junk" silver coins floating around, such as the Kennedy half dollar, Barber dimes, quarters, and half dollar coins, Mercury dimes, and silver dollars. Here are some tips and reminders to help you pinpoint which silver coins you should watch out for.<br />
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1. Nothing can be done properly without some degree of knowledge. Going in blind will mean the possibility of buying the wrong type of silver coins, or wavering over whether or not you should complete a transaction. Someone could come and snatch up the junk silver coins if you show indecisiveness, and that would mean a lost opportunity for you. To assist you in your search look for U.S. minted coins minted in 1964 or earlier. If you concentrate on these silver coins, you'll have an easier time focusing on a long term investment plan instead of getting caught with too many unnecessary details.<br />
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2. To calculate the silver value of the coins that you have, you can multiply the silver content of each coin by the current spot price of silver. This goes back to limiting your junk silver coin collection until you become familiar with the market trends. For example, Kennedy half dollars contain 0.36169 ounces of silver while mercury dimes contain 0.07234 ounces. Suppose you decide to buy silver junk coins in the form of Kennedy half dollars and the market price of silver is $40 an ounce; this means that the silver value per coin is $14.47.<br />
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3. You will also notice once you start making the rounds that prices asked by coin dealers for junk silver coins are oftentimes quote as a multiple of the face value of the coin. Confused? It can certainly be a mind-bender for a beginner but let's run through an example: if a silver dime is quoted as selling for a multiple of 30 times its face value, this would mean a dime would be multiplied by 30 or 30 x 0.10 for $3.00. One tip would be to ask the coin dealer to explain his rate. If he has nothing to hide, he will explain it without hesitation.<br />
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4. It's common practice for half dollars, quarters, and dimes to be quoted at a multiple of the coin's face value. However, with silver dollars, the calculation changes. It increases. Thus, except for silver dollars, you will likely receive comparable quotes, taking into consideration the weight of the junk silver coins.<br />
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5. Now that you have an idea of how the market works, you can start looking at potential junk silver coin bargains. You can buy junk silver coins in smaller lots or in bulk, such as $100 and $1,000 face value bags. A bag of Kennedy half dollars in $1,000 face value bags at 30x face value will cost you $30,000 to purchase. Consequently, for an increase in face value rate to 30.5, you'll receive a $500 profit on your investment.<br />
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To enhance your "buy junk silver coin" skills, expand your range of potential customers from coin collectors to numismatists, auction shops and other sellers. Make sure to practice your price calculation skills and always re-check your values before settling on a specific purchase that is likely to produce long term profits.<br />
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About the Author:<br />
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<div class='uawlinks'>Learn more about how to <a href='http://www.atlantagoldandcoin.com'>buy junk silver coins</a>. Stop by Atlanta Gold and Coin Buyers' site where you can find out all about <a href='http://www.atlantagoldandcoin.com/silver-coins/'>junk silver coins</a> and what they can do for you.</div><br />
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New Unique Article!<br />
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Title: Info You Need to Know When You Buy Junk Silver Coins for Investment Purposes<br />
Author: Glen Phillips<br />
Email: tdavis321@gmail.com<br />
Keywords: Buy Junk Silver Coins,Junk Silver Coins,Buying Junk Silver Coins,Coin Dealers<br />
Word Count: 618<br />
Category: Internet Business<br />
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