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Home >> Why Collect Old United States Silver Coins?

Author: Gold Why Webmaster
Updated: October, 2009
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Old United States Silver Coins  
©iStockphoto.com – PICKETFENCE  
To the left is a very neat image portraying a collection of Old United States silver coins. I really like this picture because it shows so much great history of old times when our coins actually contained precious metals, silver and gold. These days, our coins do not contain precious metals but at least they contain copper. In fact, I believe pre-1982 pennies (and especially wheat pennies) are great investments for their copper bullion value. This is a lot better than our paper bills which are fiat money, or money without any intrinsic value other than the good faith of the US government. But, I digress, let's get back to the image to the left!

Types of Old United States Silver Coins

When you start collecting old US silver coins, you have many options. There are too many to count, but I'll highlight my favorites. My number one favorite old US silver coin is the Morgan Dollar. You can read all about my experience buying a graded Morgan Dollar from Shop NBC's Coin Shoppe. More recently, I picked up five Morgan Dollars from my local coin shop in good condition. (Looking for a fun rainy day activity this winter while it's raining outside? Visit your local coin shop and spend some time there. At my coin shop, they don't mind if I spend hours looking through coins!) They had a box of Morgans and I sorted through them and picked out the ones in the best condition. Another one of my favorites are Mercury Dimes. I actually got a few Mercury dimes (among other great coins) when I bought grab bags of coins from Pennies.com. Another favorite: Buffalo Nickels are a must have in any collection of old US silver coins.

The Coins In This Picture Are Junk!

You will often hear of old US silver coins referred to as junk silver. In my opinion they are hardly junk. These are amazingly cool coins. The only reason they are called junk is because of their grade. Old silver coins of low grade are not typically valuable for their numismatic value. Numismatics deals mainly with rare coins which are also in good (or great) condition. The coins in this image are not in good condition (they are junk). Numismatically, they would only be worth money if they were very rare. If you are looking to invest in silver bullion, a great option is to buy junk US silver. The fun is that you can sort through your coins and own a piece of history while collecting silver bullion. It will definitely complement your silver bullion bars well. You may even get really lucky and find a rare coin that is worth a lot of money. Junk US silver coins typically comes in bags and it's up to you to sort (or not sort) them. The important thing to understand is these coins are not 100 percent silver. You will want to understand their silver content to determine if you are getting a good price.

Old US Silver Coins In Good Condition

While not depicted in this image, you will also want to check out old US silver coins which are in good or great condition. It's really fun to own a piece of US history that looks as good as the day it was minted. Recently, I was able to pick up some silver Roosevelt dimes for cheap at my local coin shop. They are absolutely amazing and sparkle like the day they were minted. I definitely recommend hunting down and owning a few of these.

Old US Gold Coins

Not depicted in this image but equally interesting are old US gold coins. In addition to buying modern gold bullion coins, at least one old gold bullion coin belongs in all gold bullion collections. I must admit that I'm still not there. All of my personal collection contains modern gold bullion coins. However, I have my eye on the Saint Gaudens 20 dollar gold coin and will own one of them sooner or later!

New Eight More Pictures of Old US Silver Coins

Like what you see? I sure do! As a new addition to this article, I just uploaded a new sub-article that features eight pictures of old US silver coins. It's absolutely amazing that not that long ago our currency contained actual silver. Now that those days are over I recommend hoarding old US silver coins as a core portion of your silver bullion portfolio.
Pictures of Old US Silver Bullion Coins

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