If you’re in Moreno Valley, CA, and interested in buying junk silver, you’ve landed in the right place. Junk silver offers a great way to invest in silver without breaking the bank. This article will guide you through the best places to buy 90% silver coins in Moreno Valley, CA, discuss important considerations, and outline how to make the most of your investment.
What Is Junk Silver and Why Should You Buy It?
Junk silver refers to coins made of 90% silver that were minted in the United States before 1965. While these coins are no longer minted for circulation, they remain valuable due to their precious metal content. Common junk silver coins include silver dollars, half dollars, quarters, and dimes.
Investing in junk silver can be an excellent way to diversify your investment portfolio. Given its intrinsic silver value, it’s a lower-risk investment compared to collectible coins, whose value can fluctuate based on demand and conditions. Furthermore, during economic downturns, silver tends to retain its value, making it a sound investment.
Where Can I Buy Junk Silver in Moreno Valley, CA?
In Moreno Valley, CA, coin dealers, and local shops are your best bet for buying junk silver. One highly recommended source is Accurate Precious Metals. Though they are headquartered in Oregon, they ship to anywhere in the United States, making it convenient to purchase junk silver directly from them.
Coin shops in the area, such as those found in Moreno Valley Mall, often feature a section dedicated to junk silver. Additionally, some jewelry stores and pawnbrokers also stock these valuable coins, offering an alternative avenue for purchase.
What Coin Dealers Are Recommended in Moreno Valley, CA?
Look for accredited coin dealers in Moreno Valley, CA, with strong customer reviews. A visit to the Moreno Valley Mall can provide various options, such as Markham Numismatics, which specializes in both numismatic and bullion coins. Additionally, local shops may have a periodic inventory of junk silver coins.
In cases where online purchasing is more convenient, Accurate Precious Metals will carry out secure transactions and ensure timely delivery of your silver. As an experienced dealer, they offer quality products and a hassle-free buying experience.
How Do I Verify the Authenticity of Junk Silver?
Verifying the authenticity of junk silver involves checking the coin’s date and mint mark. Coins minted before 1965 in the United States are typically made of 90% silver. You should also get an appraisal or certification from reputable coin dealers or utilize professional coin grading services like PCGS.
Accurate Precious Metals provides authentication services and can help verify the coins’ fineness and authenticity. They offer this service to ensure you’re getting genuine junk silver.
What Should I Know About Prices When Buying Junk Silver?
The price of junk silver primarily depends on the current spot price of silver. To calculate the value, you must consider the silver content and the coin’s overall condition. The spot price fluctuates, so keeping an eye on market trends is crucial.
Accurate Precious Metals provides up-to-date pricing based on the current market rates. They offer competitive prices for both buying and selling silver coins. This transparency helps ensure you get a fair deal.
Is it Safe to Buy Silver Online?
Buying silver online can be safe if you choose a reputable dealer. Accurate Precious Metals, for example, offers a secure online purchasing process. They provide clear details about the availability, pricing, and shipping of their products.
When buying online, always check for secure transaction methods and customer reviews. Accredited dealers, like Accurate Precious Metals, guarantee the truth and quality of their products and ensure a safe and reliable buying experience.
What Types of Silver Coins Can I Buy in Moreno Valley, CA?
In Moreno Valley, CA, you can buy various types of silver coins, including silver dollars, half dollars, quarters, and dimes minted before 1965. These coins commonly include the Morgan Silver Dollar, the Peace Dollar, and the Washington Quarter.
Additionally, bullion coins such as the American Eagles and silver rounds are quite popular, given their recognized value in the precious metal market. Always ensure you check the coin type before purchasing to match your investment goals.
How Do I Store My Junk Silver Safely?
Proper storage of junk silver ensures its longevity and preserves its value. Storing coins in protective coin holders and keeping them in a cool, dry place is recommended. For added security, consider a safe deposit box or home safe.
Accurate Precious Metals offers advice on the best storage solutions and can also provide referrals to storage services that specialize in precious metals. This helps maintain the coin’s condition and protects your investment.
Can I Sell My Junk Silver if I Need Cash?
Yes, you can sell your junk silver for cash. Accurate Precious Metals offers a mail-in service where you can sell your silver coins securely. Simply mail in your coins, and they will evaluate and offer a competitive price based on current market rates.
Local coin dealers and shops in Moreno Valley, CA, also buy junk silver. However, it’s advisable to get multiple appraisals to ensure you receive a fair market value for your silver coins.
What Are the Benefits of Buying Junk Silver?
Buying junk silver provides numerous benefits. It’s an affordable way to invest in precious metals. Silver generally holds its value and can serve as a hedge against inflation, making it a solid investment choice.
Junk silver is also highly liquid. You can easily buy and sell these coins when needed. For coin collectors, junk silver coins often hold historical value, adding intrinsic worth beyond the metal’s market price.
FAQs
Is Junk Silver Legal Tender?
Yes, junk silver coins are still considered legal tender in the United States. However, their intrinsic value is due to their silver content. This value is often far higher than their face value, making them desirable as investments rather than everyday currency.
How Much Junk Silver Should I Buy?
The amount of junk silver you should buy depends on your investment goals. To diversify, advisors recommend putting 5-10% of your portfolio into precious metals, like silver.
Can I Buy Junk Silver with Crypto?
Some dealers may offer the option to purchase junk silver using cryptocurrency. Accurate Precious Metals provides various payment options, making it easy to purchase your silver coins in a manner that suits you best. Always check with the dealer about available payment methods.
Are There Any Taxes on Buying Junk Silver?
The tax implications of buying junk silver vary based on state and federal laws. In California, for example, sales tax generally applies unless the purchase exceeds a specific dollar amount. Consult your tax advisor to understand the regulations and maximize your investment benefits.
Summary
- Junk silver refers to 90% silver coins minted before 1965.
- Accurate Precious Metals is a reputable source for buying and selling junk silver, shipping to anywhere in the U.S.
- Verify authenticity through date, mint mark, or professional services like PCGS.
- Prices depend on the current spot price of silver.
- Proper storage in coin holders and cool, dry places maintains coin quality.
- You can sell junk silver for cash through mail-in services offered by Accurate Precious Metals.
Sources
United States Mint. “Coin Specifications.” https://www.usmint.gov/learn/coin-and-medal-programs/coin-specifications.
Professional Coin Grading Service (PCGS). “Coin Grading Standards.” https://www.pcgs.com/grades.
