FAQ
(Frequently Asked Questions about Junk/Constitutional Silver)
What does the Silver Spot price mean?
(I decided to query AI to find an answer with more details than I could provide)
The silver spot price is the current market value of one troy ounce of raw silver for delivery. It constantly changes due to many things like supply and demand, economic indicators, and geopolitical events. There are many opinions as to which of these affect the price more or less. When you buy physical silver products, along with the spot price, you generally pay a price above the spot price which is referred to as the "Premium". Dealers add a premium to cover their costs and profit.
The silver spot price is the current market value of one troy ounce of raw silver for delivery. It constantly changes due to many things like supply and demand, economic indicators, and geopolitical events. There are many opinions as to which of these affect the price more or less. When you buy physical silver products, along with the spot price, you generally pay a price above the spot price which is referred to as the "Premium". Dealers add a premium to cover their costs and profit.
How can I find the Silver Spot Price?
There are quite a few places on the internet where you can find the Spot Price. However, on this site, if you go to the
Silver Calculator, as it's loading, it takes a second or so, but then you can find it there.
Also, there is a Spot Price Dashboard (see the link to "Spot Dashboard") where you can see the Silver Spot Price,
the Gold Spot Price, along with others. The Spot Price our website is based on is more towards the Kitco spot price. Of
course, every online dealer seems to have a ticker showing the spot price of precious metals and
they seem to all differ a bit. There will be no attempt to answer why that is so.
How can I just find out what the entire batch of silver I want to buy is worth?
No problem, here, on Junksilver.Net, click on the "Face Value Only" tab. then, when you count up the face value
of your coins, just enter that amount into the Enter Face Value textbox. Then, after clicking the Calculate Cost
button, you will see, based on the Silver Spot Price, just how much you coins are worth. If you will be buying
them from a dealer or coin shop, find out if they are charging a premium or not and enter that into the
Premium textbox. Again, after clicking the Calculate Cost, you can find out what it should cost you for your
purchase.
What exactly is Junk Silver and why do some call it Constitutional Silver?
Well, first of all, in my opinion, there is no such a thing as "Junk" silver, but it does have only 90% Silver. On this site,
we have a page completely dedicated to telling you the answer to your question, as well a little math to help you
understand how much it is worth, how much it would be to buy it from a dealer, based on the spot price, as well as
whether or not the dealer or coin shop charges a premium for it. Just go to the link, ususally at the bottom
of each of our pages here, titled "About Junk Silver".