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<p>[QUOTE="runninghorse1, post: 5434499, member: 104770"]I think "Junk Silver" is a way of describing common date U.S. silver coins that are of very little numismatic value above their silver content value. For many common coins that are plentiful in MS grades at inexpensive prices, there really is not much of a collector's market for coins of the same type/year/mint that happen to have experienced more wear/use during their time in circulation. For example, a 1964 Washington quarter dollar coin in Fine condition is NOT likely going to end up in a collector's album when the same date in BU is very easy to obtain for not much more money. Therefore the "Fine" example is relegated to the "junk silver" bucket at the LCS and sold to stackers like me for a fair value over "melt." I'll store the "Fine" example in a coin tube and the BU example of the same coin in a cardboard flip to keep it as nice as it was when I obtained it. Synonymous terms: "constitutional silver," "junk silver" and "90 percent silver."[/QUOTE]</p><p><br /></p>
[QUOTE="runninghorse1, post: 5434499, member: 104770"]I think "Junk Silver" is a way of describing common date U.S. silver coins that are of very little numismatic value above their silver content value. For many common coins that are plentiful in MS grades at inexpensive prices, there really is not much of a collector's market for coins of the same type/year/mint that happen to have experienced more wear/use during their time in circulation. For example, a 1964 Washington quarter dollar coin in Fine condition is NOT likely going to end up in a collector's album when the same date in BU is very easy to obtain for not much more money. Therefore the "Fine" example is relegated to the "junk silver" bucket at the LCS and sold to stackers like me for a fair value over "melt." I'll store the "Fine" example in a coin tube and the BU example of the same coin in a cardboard flip to keep it as nice as it was when I obtained it. Synonymous terms: "constitutional silver," "junk silver" and "90 percent silver."[/QUOTE]
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