A collector’s guide to converting junk silver into bullion
January 21, 2012 by Laura Reveley · Leave a Comment
By Kayla McBrideJunk Silver is a name given to any piece of silver based on its condition. The particular condition of the coin must be deemed fair or rough. Junk silver usually offers no real value to a collector of silver coins exceeding the bullion value. This is what makes old silver coins collectors convert the silver into bullion. Commonly collected forms of junk silver include mercury dimes and Roosevelt dimes. In general collectors and investors sell the silver coins via a coin dealer, through a site such as Craigslist or eBay, or through classifieds as this allows for them to reap the benefits from the silver coins.
To successful convert junk silver coins into bullion, one has to use a calculator first so they can know how much bullion they will receive once the silver is converted at a refinery. The calculator usually has specific types of junk silver such as a Kennedy half-dollar or a Washington Quarter where it assesses the value of the silver coin.