Junk Silver – What You Want to Have When Your Bank Takes a Greek-Style Holiday

By Rich Checkan

Can you imagine waking up one morning to find out through the newspaper headlines that your access to your money in the bank is closed off for at least a week?

Welcome to life in Greece today.

When banks and governments mismanage currencies and economies (which is pretty much always), wouldn’t you be better off if you were your own banker? Wouldn’t you be better off if you had control of your access to money?

It is becoming increasingly clear that 'Junk Silver' is emerging as the ideal choice for immediate acquisition. Circulated U.S. coinage, dimes, quarters and half-dollars, minted by the U.S. Treasury prior to 1965, should be considered for your very next purchase, and soon.

These coins are commonly referred to as junk silver. They received that designation because they’ve been in circulation for so long that they have no value to collectors. But to non-collectors, to those seeking to own precious metals as an investment, or as part of their core portfolios for wealth protection, these coins are anything but 'junk.' Rather, they represent powerful protections against inflation, the erosion of buying power and, the uncertainties and dangers of national and international monetary policies.

Protection from the coming currency crisis.

Could what’s happening in Greece today happen here? You bet it could.

There is a growing consensus among pundits, academics and commentators that a crisis in currency is coming, and soon. The United States is in debt with an ever increasing liability, and its ability to meet that debt is decreasing as spending grows.

The Federal Reserve has been trying to control the arrival of the currency crisis by way of artificially low interest rates and the Quantitative Easing policy of increasing the money supply. With interest rates near zero, this policy is quickly running out of room.

As former Congressman Ron Paul has been saying:

"The printing of more dollars does not confer any value on those dollars.... With the printing of more dollars, the government is, in effect, confiscating wealth through inflation."

We at ASI, agree. Paper money has no intrinsic value. Rather, the only real money is in assets that do have intrinsic value, such as precious metals.

One extremely liquid and effective way to protect our wealth against the government’s confiscation through inflation is the ownership of precious metals.

'Junk Silver' is a practical and very popular way to own precious metals.

We are not the only ones saying this. Renowned authorities such as Porter Stansberry (in his widely popular 'America 2020, The Survival Blueprint') has said Junk Silver "is an excellent way to hold physical silver to protect against a currency crisis."

Dr. David ‘Doc’ Eifrig concurs:

"Growing demand will push up... junk silver, further multiplying your gains."

There are tangible reasons why junk silver is so preferred.

1. Junk Silver is the real thing. The dimes, quarters and half-dollars made by the U.S. Mint prior to 1965 are instantly recognized as ‘the real thing.’ They don’t need to be assayed to determine their precious metals’ content; they don’t need to be appraised by an expert to tell you what grade they are. Virtually anywhere you go, you can find a buyer who knows that a $100 face-value bag of these coins contains 71.5 ounces of pure silver and will pay you accordingly.
2. Junk Silver is readily divisible. A bag of these coins is easily and instantly divisible. These 90% pure silver coins really can work as ‘pocket change.’ Try doing that with a one-ounce gold coin or 100-ounce bar of silver.
3. Junk Silver has never been confiscated. For anyone who worries that the U.S. government may once again try to confiscate gold in the United States – as Franklin Roosevelt did back in 1933 – here’s a reassuring fact: silver coins have never been subject to confiscation. You do not have to disclose your ownership to anyone or any government. You don’t need to lie about owning them.
4. Junk Silver is extra convenient. Most dealers sell these coins in $1,000 face-value bags. We do too, of course. Plus, we also break them down into 10 bags of $100 face-value coins, making them much more affordable. (They are also easier to store, and, when it comes time to sell, easier to liquidate.) Many experts recommend each family member own a $1,000 Face Value bag.

Junk silver coins contain 90% silver and are valued based on their silver content. Each $1,000 face value bag of coins contains 715 ounces of PURE silver. Junk silver coins are truly a testament to the dollar’s devaluation. When these coins were minted, they were produced to ensure that $100.00, or $100 face value, of any combination of these coins would contain the exact same amount of silver and as such, represent the exact same value.

After all, silver once represented real money in the United States, so $1.00 worth of silver dimes had to be worth the same as $1.00 worth of silver quarters – so on and so forth.

Here is a chart to illustrate the content and value of $100 face value of these coins (assuming the silver price at approximately $16 per ounce):

Coin	Face Value of Coin	Quantity (coins per bag)	Ounces of Silver (per coin)	Dollar Value (per coin)	Dollar Value of Silver in $100 FV Bag
	$0.50	200	0.3575	$5.720	$1,144*
	$0.25	400	0.17875	$2.860	$1,144*
	$0.10	1,000	0.0715	$1.144	$1,144*

*Based solely on $16 spot silver price. Chart does not include shipping, handling, insurance, or premium to purchase.

The currency crisis that Ron Paul and Porter Stansberry are predicting is coming. To follow their advice, add junk silver to your portfolio now. Speak with one of our knowledgeable Preferred Client Relations representatives at 877-340-0790. Or if you prefer, email us and tell us the best time to call you.

Don’t wait for the newspaper to inform you your bank is going to take a holiday. Prepare today. Become your own banker with a purchase of junk silver so, you can Keep What’s Yours!