- Buy Gold & Silver

Silver FAQ

Is silver a good investment?

That question can only be answered by your investment style and beliefs. Due to many factors, including industrial and store of value (investment) demands, the price of silver is notoriously volatile. Like any precious metal, silver affords the owner an opportunity to have physical control over the investment, something that many silver enthusiasts prefer. Because no investment is guaranteed, before making any purchase or sale an investor should research the risks involved and decide whether or not silver is a good choice.

What does silver bullion mean?

Bullion is a term used to describe precious metals in bulk form. Bullion metals may be minted into coins or cast into ingots. Bullion is characterized by its mass and purity rather than face value as money. In fact, a mint bullion coin may have a face value as currency that is far below that of its value as bullion. Likewise, numismatic value of a silver bullion coin may exceed that of the silver it contains.

What is a troy ounce?

A troy ounce, abbreviated “ozt”, is a unit of measurement used for silver and other precious medals. A troy ounce (31.1034768g) weighs about 10 percent more than an avoirdupois ounce (28.349523125g) – the unit of measurement used by most postal or grocery store scales. Therefore you should not use a “regular” scale to measure the weight of silver.

What is junk silver?

“Junk silver” is a term used to describe United States (and often Canadian) silver coins that, likely because of condition, have little to no numismatic or collectible value. The coins do however retain their face value as legal tender, and often have a premium value based on the silver they contain. Some silver collectors choose to purchase junk silver as the coins are easy to obtain, may be purchased or sold in low dollar amounts, and are quickly recognizable as authentic. The term “junk” refers only to the fact that the coins are in poor condition, and is not necessarily a reflection of the value of silver they contain.

United States silver coins commonly collected for their silver content include pre-1965 Barber, Mercury and Roosevelt dimes, Barber, Standing Liberty and Washington quarters, Barber, Walking Liberty, Franklin and Kennedy half dollars, and Morgan and Peace dollars (all 90% silver). Also containing silver are Kennedy half dollars dated 1965-1970 (40%) and Jefferson “wartime” nickels (35%). For more about silver content and approximate values of United States silver coins, see our Values page.

What is Sterling Silver?

Sterling silver is an alloy of 92.5% silver with 7.5% copper. In the US, only an alloy consisting of at least 92.5% fine silver can be sold as “silver”. Sterling silver is harder than pure silver, and has a lower melting point as well. Sterling silver jewelry is often plated with a thin coat of .999 fine silver to give the item a shiny finish. This process is called “flashing”.

Responses are currently closed, but you can post a trackback from your own site.