The reason investors and silver collectors buy constitutional silver coins is because they contain silver, and they are historically cheaper than silver spot price. pre 1965 silver dimes and quarters allow people to get more bang for their buck. There’s also a wide Varity of coins like the liberty barber coins, 35% silver wartime Jefferson nickels, 40% silver Kennedy half dollars from 1965-1970, silver bicentennial coins, mercury dimes, Walking liberty half dollars, Morgan dollars, peace dollars, and many others.
With the global economic issues people distrust the modern government and don’t like the idea of “fiat” money (money unbacked by silver or gold) Constitutional silver can offer a possible safe haven from a stock market crash, or other natural disasters since the coins contain silver and are legal tender.
Constitutional silver refers to silver coinage that is guaranteed by the national government and is backed by the faith of the United States. Buying constitutional silver or junk silver is simpler way to getting silver, without paying hefty premiums. As I’m sure you all have seen a US silver eagle commands anywhere from $32 to $40 per OZ which is nearly double the spot price. Also, to note as demand increases so does the price, there’s only so much silver to go around. We hope you enjoyed our article on why people buy constitutional silver coins. Please share it if you found the article helpful.
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