Despite its name, junk silver is not junk. The term junk silver refers to coins minted in the United States prior to 1965. These are coins that contain 90% silver and 10% copper. The US government stopped minting 90% silver coins in 1964, but continued to mint 40% silver half dollars from 1965 to 1970.
The first reason it is the best precious metal to buy is its affordability.
You don’t have to have a lot of money to be able to buy one. In fact, you can buy it for as little as one cent on eBay. As with everything, the premium you pay will be higher if you buy it in smaller quantities. It is bought and sold in $1.00 increments from face value. 10 cents sell for 4 quarters or 1 half dollar and 5 cents. Any combination of $1.00 face value coins weigh the same at the time of minting and have the same silver content.
The second reason is that it is easy to recognize.
Most people around the world have seen a US quarter, dime, or half dollar. This is very useful when it comes time to authenticate on the go. This is what makes it so valuable in times of economic crisis. You can use it for your daily transactions without fear of the coins being rejected because the seller knows if they are genuine or not.
The third reason is that it comes in small enough quantities to use for everyday barter purchases.
The last thing you want in an economic crisis is to have bullion worth over $1,000 per coin when you need to buy a loaf of bread. Today, 90% silver costs $2.95 if you buy one and $1.50 if you buy 10. Similarly, you can buy one quarter for $5.75 and $3.75 if you buy 10. Only For this reason, you should buy junk silver first if you have a supply that will last you 1 year (minimum), or should you start buying less recognizable gold and silver bars.
In summary, junk silver is the best precious metal to buy because it is affordable, easy to identify, and comes in small enough quantities to be used in everyday transactions.