Are you planning to invest in junk silver coins? Here is some useful info.

Prior to 1964, the United States minted dollars, half dollars, quarter dollars, and dimes in 90% silver. After 1964, certain coins were minted in 40% silver. Some people choose to invest in silver by purchasing bulk lots of 90% or 40% silver coins. If the coins have little collectible value, they are referred to as junk silver. Junk silver is generally bought in bags containing $1,000 face value of coins. For 90% silver coins this equates to 715 ounces of silver. There are some benefits of buying junk silver. First, although the coins supposedly have no collectible value, a thorough search through the coins may prove otherwise. Second, the coins are considered legal tender and have a floor value of the $1,000 face value.
They are a great way to invest in silver but you should know a little about the different coins before buying them. This information below should help you also calculate Silver Dollar Coin Values and other Junk Silver Prices

-Quarters Barber Quarters - 1892-1916 - 0.18084

-Standing Liberty Quarters - 1916-1930 - 0.18084

-Washington Quarters - 1932-1964 - 0.18084

-Half Dollars Barber Half Dollar - 1892-1915 - 0.36169
-Walking Liberty Half - 1916-1947 - 0.36169
-Franklin Half Dollar - 1948-1963 - 0.36169

-Kennedy Half Dollar - 1964 - 0.36169
-Kennedy Half Dollar - 1965-1969 - 0.14789

-Silver Dollars Trade Dollar - 1873-1885 - 0.78761

-Morgan Dollar - 1878-1921 - 0.77343
-Peace Dollar - 1921-1935 - 0.77343

 

To calculate the value of each coin get the current silver price in my home page and then multiply that by the silver content in each coin. So for example if the Silver Price is $20 then the value of a Morgan Silver Dollar is 20x0.77343=$15,47.

Remember that when you go and buy these coins the dealer may quote the price in terms of "face" (i.e. face values) in the above example he might quote you 12.3 times face. It is always handy to know the spot price of any coin before buying it so you know how much premium you are paying. For these kind of coins in small amounts it is not unreasonable to pay up to 20% and this premium will get less the more you buy.