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Smart investment goes junk
Smart investment goes junk
Junk silver coins have come back in investment fashion because of precious metal amount and great enthusiasm of coin collectors and survivalist.
Universal City,
Toronto,
Canada
(prbd.net)
28/05/2010
"junk silver coins, silver junk coins"
Junk silver coins have come back in investment fashion because of precious metal amount and great enthusiasm of coin collectors and survivalist.
Place and date: Past years have seen a sudden surge in the investment of junk silver coins by the new age investors, coin collectors and survivalist. A junk silver coin refers, usually, to the mintage of pre 1965 era which possess 90% of the silver content in its currency. Silver content was then limited to 40% post 1965 and eventually their manufacture was shelved. Nevertheless, the actual content of silver possesses much more value than the face value of its currency it is carried in. This is one aspect that has drawn people world over to look junk silver coins as a potential source of great investment. Also, these coins can prove to be a great hedge against any potential inflation.
Junk silver coins are usually acquired either in 90% or 40% mintage, out of which junk silver coin enthusiasts have shown commendable interest in the former due to its pre 1965 mintage value. Junk silver coins, apart from the investment point of view, are also looked upon as great historical articles with an interesting background. Thus, history, art and economy enthusiasts still prefer to collect these shelved coins for the cultural significance.
Dealers of junk silver coins deal in $500 or $1000 face value bulk bag. A $500 junk silver coin bag possess approximately 700 ounce of silver and a $1000 1400. Investors must be careful with the dealers and ensure that the current price of silver on daily basis before finalizing the transaction. Silver could be proved extremely beneficial if investors deal with them in an intelligent and cautious way.
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