Facts about Junk or Constitutional Silver
Junk silver is an informal term used in the United States, United Kingdom, Canada and Australia for any silver coin that is in fair or cull condition and has no numismatic or collectable value above the bullion value of the silver it contains. Such coins are popular among people seeking to invest in silver, particularly in small amounts. The word “junk” refers only to the value of the coins as collectibles and not to the actual condition of the coins; junk silver is not necessarily scrap silver. $10 face of 90% silver contains 7.23 Silver with no wear. Industry standard is 7.15 Troy Ounces because of normal wear.
- $1000 face value = 715 T Oz. / $100 = 71.5 T Oz. / $10 = 7.15 T Oz. $1 = .715 T oz. Industry Standard