Or is it? In the past year, I have questioned what to do with my stock portfolio. Is it safe, can I retire, will I have money when I need it most? In the midst of the economic turmoil, I found one answer.
The Silver Lining
I found my answer to economic security in junk. Investors and collectors refer to dimes, quarters, half dollars, and dollars minted on or before 1964 as “junk silver coins,” because they have no value to collectors. But this does not mean they don’t have value to investors.
Mercury and Roosevelt dimes, Franklin and Kennedy half dollars, and Washington quarters, among others, issued before 1965 are sought after by silver investors because they contain 90 percent silver. A bag of these coins can net investors from 715 to 720 ounces of refined silver.
Make Rising Prices Work for You
Like the price of almost everything else, the price of precious metals has been increasing. Gold, for instance, has exploded in value and now sells for over $1000 per troy ounce. As of now, though, prices for silver are quite low, especially considering the rising demand and contracting supply.
Trends on precious metals indicate that the silver dollar will increase in value by mid-2009. At the beginning of 2009, silver prices were around $13.00 per ounce. Currently, an ounce of silver is worth $16.65.
If you had invested in one ounce, just 10 pre-1965 coins, at $13.00, you would have seen a substantial profit. Imagine if you had had a whole bag of junk silver. Not really junk, is it?
How far will silver prices rise? It is not out of the realm of possibility for silver to sell for $100.00 per ounce, or even $1000 per ounce. Those junk silver coins may not be collectors’ items, but they will have netted you generous premiums.
Silver’s Benefits
Silver retains value, and even grows in value, during times when inflation runs rampant. It presents investors with a good way to secure their money and ensure that it is still worth something in the future.
Silver is also very easy to being investing in. Unlike complex stock portfolios, you need only to begin purchasing silver coins minted before 1965. They are easy to find and easy to recognize.
You can begin looking on eBay for junk silver coins or visit any number of other sources including, CMI Gold and Silver, Monex Deposit Company, Lynn Coin, and CC Gold. These are excellent sources for inexpensive junk silver coins.
For some other valuable tips and suggestions download our Free Guide and get started today.
