Ebay junk silver coins for sale3/19/2023 ![]() ![]() ![]() At the time, he wrote that: “There will be no profit in holding out of circulation for the value of their silver content.” How wrong he was. President Johnson, in signing the Act, had to rescind the 1792 law else he face the death penalty for “debasing” the currency. The law eliminated silver from dimes and quarters and reduced silver content in Kennedy half dollars to 40 percent. The Coinage Act of 1965 came about because of coin shortages from people hoarding silver as the price rose relative to the dollar. ![]() The junk silver people are most familiar with includes the Mercury dime (1916-1945), with over 2.6 billion minted the standing Liberty quarter (1916-1930), 227 million the walking Liberty half dollar (1916-1947), 485 million the ubiquitous Washington quarter (1932-1964), 3.8 billion and the (Franklin) Roosevelt dime (1946-1964), 6.6 billion. Many of these still rank as collectibles. The “modern” era of silver coinage usually dates from the issuance of the Morgan dollar in 1878 the Barber dimes, quarters and half-dollars in 1892 and the Peace dollar (the last silver dollar) in 1921. They are now very rare even in well-worn condition, and are highly coveted by collectors.Ī number of different designs followed, usually incorporating portraits of Lady Liberty on the obverse and an eagle on the reverse. The first silver coins - the “flowing hair” half-dimes, half-dollars and dollars-were minted in Philadelphia in 1794. It decreed that anyone caught debasing (replacing the silver with other, cheaper metals) or counterfeiting silver coins could be summarily executed! The Constitution states, in Article I, Section 10: “No State shall…make anything but gold and silver coin a Tender in Payment of Debts.” Three years after the ratification of the Constitution, the Coinage Act of 1792 established the value ratio of gold to silver at 1:15. Using silver as money is a practice as old as the United States itself. GoldSilver happily offers free shipping on junk silver orders of $499 or more, and we are happy to offer discounts for those who pay with check, wire, or Bitcoin. Not only do these coin bags offer excellent investment opportunity due to their low premiums, but they’re also popular for collectors who want to get their hands on some of the last 90 percent silver coins in circulation! Each bag contains either silver quarters, half-dollars, or dimes only (not a mix of all). GoldSilver is an excellent place to buy junk silver online as we offer 90 percent pure silver coins in several denominations - from $100 to $1,000 face value bags - to suit your specific investment goals. ![]()
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