Junk Silver: Numismatic or Bullion Coins?

Silver dollar

If you’re a savvy coin investor, then you already know the difference between numismatic and bullion coins. But here’s a tricky question: what about junk silver coins? Are they considered a numismatic or bullion coin? Some investors and even more coin collectors are surprised to learn that junk silver is often considered a bullion coin.

Why bullion?

It would be natural to think that junk silver coins are considered numismatic, or collectible coins. But the value of junk silver, like pre-1965 dimes, quarters and half dollars, is not dependent on condition or rarity. Rather, their value lies in the fact that they’re made of 90% silver and are today worth up to 20 times as much!  Because the coins’ worth is based on their metal content, they’re considered bullion coins.

Other junk silver coins you should be on the lookout for include:

  • Morgan and Peace Dollars minted from 1878-1935
  • Kennedy Half-Dollars minted from 1965-170 and in 1976
  • War Nickels minted from 1942-1945

And, as mention before, pre-1965 dimes, quarters, and half dollars, that include designs like Liberty Head, Walking Liberty, Mercury, and Standing Liberty, are all considered junk silver.

So the next time you see a “junky” 1960 quarter in a pile of change, remember that its condition makes no difference, it’s an investment to pull it out of the pile and see how much it’s worth!