Are you considering adding rare junk silver to your collection or portfolio? Whether you’re a seasoned coin collector or just starting out, buying rare junk silver online can be an exciting and rewarding endeavor. But navigating the world of silver coins, particularly rare ones, can be a bit overwhelming at first. Don’t worry—we’ve got you covered! In this post, we’ll walk you through how to buy rare junk silver online, share some actionable tips, and offer guidance on choosing PCGS coins that can make a solid investment.
So, grab your favorite cup of coffee, and let’s dive into the world of rare junk silver!
What is “Junk Silver,” Anyway?
First things first: what exactly is “junk silver”? The term “junk silver” refers to old silver coins that have no numismatic (collector’s) value but still contain a certain amount of silver. These coins are typically 90% silver and can be found in pre-1965 U.S. dimes, quarters, and half dollars. Although these coins are called “junk,” they still carry significant value because of their silver content.
The most commonly recognized junk silver coins are the Mercury dimes, Walking Liberty half dollars, and Standing Liberty quarters. People buy junk silver primarily for its silver content rather than its collector’s value.
Why Should You Buy Rare Junk Silver Online?
You might wonder, “Why buy rare junk silver online instead of in person?” The internet opens up a world of opportunities for coin collectors and silver investors. Here are some compelling reasons:
- Wider Selection: Online platforms give you access to a vast selection of rare junk silver coins from different dealers and marketplaces. This means you’re more likely to find rare coins that might be difficult to locate in your local coin shop.
- Competitive Prices: When you buy rare junk silver online, you can easily compare prices between different sellers. This helps ensure that you’re getting the best deal for your silver investment.
- Convenience: Shopping online means you can browse a variety of coins and make purchases from the comfort of your home, saving you time and effort.
Where to Buy Rare Junk Silver Online
Now that you know what junk silver is and why you should consider buying it online, let’s discuss the best places to make your purchase.
- Reputable Online Coin Dealers
There are many trusted online dealers who specialize in silver coins, including junk silver. Popular websites such as Apmex, JM Bullion, and SD Bullion offer a range of rare silver coins, including junk silver. Make sure to read reviews and check the dealer’s reputation before making a purchase. - eBay
eBay is another great platform where you can find rare junk silver coins, especially from individual sellers. Look for those with high ratings and a long history of positive feedback. Be cautious of prices that seem too good to be true, and always check the authenticity of the coins before purchasing. - Certified Coins: PCGS Coins
When buying rare junk silver online, one of the safest ways to ensure you are getting genuine, high-quality coins is by purchasing PCGS coins. The Professional Coin Grading Service (PCGS) is one of the most respected grading services in the coin world. PCGS-certified coins have been evaluated for authenticity and condition, making them a smart choice for collectors and investors alike.
Tips for Buying Rare Junk Silver Online
- Know What You’re Buying
Before you make any purchase, do your research. Familiarize yourself with the specific types of junk silver coins you’re looking for. For example, if you’re searching for Walking Liberty half dollars, you’ll want to know their typical prices, condition, and silver content. - Understand the Premiums
While junk silver coins are primarily valued for their silver content, many sellers add a premium on top of the spot price of silver due to factors like rarity, condition, and demand. Be prepared to pay slightly more than the market price of silver for rare coins, but ensure that the premium is reasonable. - Check the Condition
Coins that are in good condition may cost more than those that are worn down, even if both contain the same amount of silver. When buying online, ask the seller for detailed images of the coin’s condition, and check for any signs of damage. Coins with a lot of wear may still have silver value, but they may not hold the same collector’s value as well-preserved examples. - Look for Deals and Auctions
Auctions can be a great way to buy rare junk silver coins at competitive prices. Websites like eBay often feature coin auctions where you can place bids on specific coins. If you’re strategic and patient, you might score a great deal on a rare piece. - Beware of Counterfeits
Counterfeit coins are unfortunately common, especially when buying rare coins online. To avoid falling victim to fraud, always purchase from well-established sellers or opt for PCGS-certified coins. PCGS certification ensures that your rare junk silver coins have been authenticated, giving you peace of mind.
How to Spot High-Quality PCGS Coins
If you’re considering investing in rare junk silver as a long-term asset, PCGS-certified coins are a great option. These coins come with the added benefit of being professionally graded, which means you can be confident in their authenticity and condition. To spot high-quality PCGS coins, keep these tips in mind:
- Check the Certification Number: PCGS coins come with a unique certification number. You can verify this number on the PCGS website to ensure its authenticity.
- Understand the Grading Scale: PCGS uses a 1 to 70 scale to grade coins, with 70 being perfect. While rare junk silver coins might not be perfect, the higher the grade, the more valuable the coin is likely to be.
- Consider the Rarity: Some PCGS-certified coins are rarer than others. If you’re buying junk silver as an investment, consider coins that have a higher demand among collectors, as these might appreciate in value over time.
Final Thoughts
Buying rare junk silver online can be a fun and profitable hobby, whether you’re in it for the silver content or the thrill of collecting. By choosing trusted dealers, looking for certified PCGS coins, and being mindful of the condition and premiums of the coins, you’ll be well on your way to making smart purchases.
Remember to do your research, check for authenticity, and compare prices before making your purchase. With these tips in hand, you can confidently dive into the world of rare junk silver and build a valuable collection that’s sure to stand the test of time.