90% Silver Coins- Sometime referred to as “junk” silver is an informal term used in the United States, for anysilver coinwhich is in fair or cull conditionand has nonumismaticor collectiblevalue above thebullionvalue of thesilverit contains. Such coins are popular among people seeking to invest in silver,particularly in small amounts. The word “junk” refers only to the value of the coins as collectibles and not to the actual condition of the coins; junk silver is notnecessarilyscrapsilver.
The term “coin silver,” for example, refers to 90-percent silver alloy which was the most common alloy used to mint silver U.S. coins. Any combination of 90-percent silver U.S. coins which have a face value of US$1.00 contains 0.715 troy ounces of 99.9-percent silver, except for the silver dollars (Morgan and Peace) which contain .7736 troy ounces of silver.
The most commonly collected junk-silver U.S. coins were minted before 1965 and include Morgan and Peace dollars;Liberty Head “Barber,” Walking Liberty, Franklin and Kennedy half dollars;Liberty Head “Barber,” Standing Liberty and Washington quarters;Liberty Head “Barber,” Winged Liberty Head “Mercury” and Roosevelt dimes; and Jefferson “Wartime” nickels.