Junk silver has been my investment of choice, primarily for three reasons:
1. I think it is undervalued.
2. It is in small enough denominations to be used to actually buy stuff if things get “ugly”.
3. Along the lines of #2, it would be very liquid because most people trust that a 1964 or older silver US coin has a certain silver content. Likewise 1965 to 69.
>>Junk silver is sold in bags of either $100 face value or $1,000 face value.<<
I get my junk silver at coin shops and at antique stores in any amount I want. Heck, one time I bought 4 halves and a couple of dimes.
I keep track of the price by using this site:
http://bullion.nwtmint.com/silver_bags.php
Thanks for posting this good article and useful info for novices like me. Sure wish I had started buying junk silver earlier.....much earlier.
some people tell me they only buy it as “Cash and Carry”...
Goldbug ping.