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What is "Junk Silver"?

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Written by Eric Vought   
Wednesday, 14 October 2009

We accept payment in "Junk Silver". Junk silver is pre-1965 or post-1985 circulated US silver coins (such as Franklin half-dollars or Silver American Eagles(SAE)) which have no value to coin collectors but do contain significant amounts of silver. Pre-1965 US dimes, quarters, half-dollars, and dollars contain 90% silver, and post-1985 Silver American Eagles are 1 ounce of 99.99% fine silver. We also accept AOCS-approved silver rounds. We offer significant discounts for payment in hard currency.

There is an article on the Statesmen site which explains more fully what junk silver is and, more importantly, why people use it.

Clearly, we can only accept junk silver with Cash/Local Payment purchases. We usually accept junk silver at Coinflation's pre-1965 half-dollar price, but this is negotiable. We accept SAE at 20% over spot and AOCS-coins such as the Lakota Bank's silver rounds at 10% over spot, but, again, this is somewhat negotiable. We can also be talked into paying vendors in silver coin.

Last Updated ( Wednesday, 14 October 2009 )
 
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