Junk Silver Coin Prices
Junk Silver Coin Prices will vary according to the spot price of silver and the stability of the economy. Here’s why:
- The “spot price” of silver is the value of the precious metal on the open market. This price varies on a daily basis, and has ups and downs, just like a stock on the stock market. (The HUGE difference between a stock on the stock market, and an ounce i s silver, is that the silver will NEVER lose its real value, but the stock could become worthless at any time). Whatever the price of silver is at the current moment, that is called the spot price. So, junk silver coin prices will go up when the spot price goes up, and down when spot price goes down.
- Silver is a safe haven. This means that a person can keep their money safe by turning it into silver. So when people are scared of their money in stocks losing value, or of their “fiat money” (e.g. paper dollars and modern coins) losing value due to inflation, they will convert these risky paper investments and cash into “real money” in the form of silver coins and bullion. The precious metal never loses real value, so in times of economic uncertainty and fear of loss in the markets, smart investors convert their assets into silver and gold, thereby keeping them safe from loss. So, as any economy becomes more unstable, the demand for junk silver coins will increase, and their price will rise as a result of the increased demand.
The demand for silver is not posted as a numerical value, so it cannot be figured into the current price of junk silver coins. Only the prices set by sellers can indicate that. However, the following information will give you an idea of what the silver inside the coin is worth. These are called “melt
values”, because they show what the silver metal in the coin is worth, were you to melt the coins down and sell just the silver in them at the current spot price.
(Coming soon: current melt values table)