Constitutional Silver: A Comprehensive Guide
Constitutional Silver: A Comprehensive Guide
Welcome to our comprehensive guide on Constitutional Silver – the foundation of many precious metals portfolios. In this guide, we delve into the details of various coins that fall under the category of Constitutional Silver. From understanding their sizes and weights to exploring key dates and tax implications, this guide is designed to empower precious metals investors with valuable insights.
Table of Contents:
- Constitutional Silver: A Comprehensive Guide
- Upcoming Topics: Barber Coins, Morgan, and Peace Dollars
Constitutional Silver: A Comprehensive Guide
What is Constitutional Silver?
Constitutional Silver, often colloquially referred to as “junk silver” or “90% silver,” comprises circulated coins with a silver content of 90%. These coins, minted before 1965, carry historical significance and are widely sought after by collectors and investors alike.
Types of Constitutional Silver Coins
This category includes Mercury Dimes, Roosevelt Dimes, Standing Liberty Quarters, Pre-1964 Washington Quarters, Walking Liberty Half Dollars, Benjamin Franklin Half Dollars, and 1964 Kennedy Half Dollars.
Actual Size and Weight
Each coin within Constitutional Silver varies in size and weight. For example, a Walking Liberty Half Dollar weighs approximately 0.3617 ounces, while a Mercury Dime is around 0.0723 ounces. Roughly, $1.40 face value of Constitutional Silver equals an ounce of silver.
Key Dates and Their Value
Certain coins within Constitutional Silver have key dates, rare issues that can significantly increase their numismatic and intrinsic value. For instance, a 1916-D Mercury Dime or a 1921 Walking Liberty Half Dollar can bring in extra value for collectors.
Tax Considerations
It’s important to note that selling $1000 Face Value of Constitutional Silver may trigger a Form 1099-B, a consideration for investors in this category.
Constitutional Silver in the Precious Metals Community
Widely popular in the silver stacking and prepping community, Constitutional Silver offers an affordable and tangible way to diversify portfolios, providing a hedge against economic uncertainties.
Affordable Diversification
For those looking to enter the precious metals market without breaking the bank, Constitutional Silver presents an affordable avenue for diversification, offering both historical value and investment potential.
Calculators for Precise Evaluation
Explore our specialized calculators on NumisMaverick to determine the melt value of each Constitutional Silver coin and understand how to convert Premium to Times Face Value accurately.
Table of Constitutional Silver Coins
| Coin | Actual Silver Weight (oz) | Key Dates to Look For |
|---|---|---|
| Mercury Dimes | 0.0723 | 1916-D, 1921 |
| Roosevelt Dimes | 0.0723 | 1949-S |
| Standing Liberty Quarters | 0.1808 | 1916, 1918-S |
| Pre-1964 Washington Quarters | 0.1808 | 1932-D, 1932-S |
| Walking Liberty Half Dollars | 0.3617 | 1916-S, 1921-D |
| Benjamin Franklin Half Dollars | 0.3617 | 1948, 1949-D |
| 1964 Kennedy Half Dollars | 0.3617 | N/A |
Upcoming Topics: Barber Coins, Morgan, and Peace Dollars
Stay tuned for our exploration of the Barber coin series, along with insights into Morgan and Peace Dollars, as we continue to provide you with the knowledge you need for successful precious metal investments.
