The US Government issued 90% silver, 10% copper in most of their circulated coins in 1964 and before. To save money, the US Mint was ordered to use only 40% silver, 60% copper in their coins. Then, in 1971, the US Mint produced the nickel-clad...
|$1 Face Value 90% Silver Coins||Provident Metals||$12.29|
|Circulated Peace Dollar Culls||Golden Eagle Coins||$16.54|
|Random Year Peace Dollar Silver Coin||GovMint||$18.49|
|1878-1904 Morgan Silver Dollars (Random Years)||Pinehurst Coin Exchange||$22.86|
|Roosevelt 90% Silver Dimes $5 face value Roll||Monument Metals||$62.00|
|$10 Face Value 90% Silver Coins||APMEX||$120.97|
|Ben Franklin Half-Dollars 90% Silver $10 Face Value||Monument Metals||$128.34|
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Junk silver is an informal term used for any silver coin which is in fair or cull condition and has no numismatic or collectible value above the bullion value of the silver it contains. Such coins are popular among people seeking to invest in silver, particularly in small amounts. The word "junk" refers only to the value of the coins as collectibles and not to the actual condition of the coins; junk silver is not necessarily scrap silver.
Precious metals including silver are measured in troy ounces (ozt). A spot price for silver is the price for a troy ounce of silver which is 99.9-percent pure, or 999 fine. Silver coins including junk-silver coins have set silver-alloy contents ranging from 35-percent to 90-percent or more. The term "coin silver," for example, refers to 90-percent silver alloy which was the most common alloy used to mint silver U.S. coins.
Any combination of 90-percent silver U.S. coins which have a face value of US$1.00 contains 0.715 troy ounces of 99.9-percent silver (0.7234 troy ounces if uncirculated), except for the silver dollars (Morgan and Peace) which contain .7736 troy ounces of silver. In other words, a full troy ounce of 99.9-percent silver is contained in any combination of 90-percent silver U.S. coins which have a face value of $1.40