Is junk silver worth investing in or just for collectors?

Junk silver refers to coins that possess no numismatic (collectible) value beyond their silver content. In Canada, this typically includes coins minted before 1968, which contain 80% silver. Investing in junk silver can be appealing due to its affordability and the intrinsic value of the silver. These coins often carry lower premiums over the spot price of silver compared to bullion coins or bars, making them a cost-effective way to accumulate silver. 

However, when comparing junk silver vs. silver bullion, it’s important to consider factors such as liquidity and purity. Silver bullion, being more widely recognized and typically of higher purity, may offer greater liquidity in the market. Conversely, junk silver’s lower purity and potential wear can affect its resale value. For Canadian investors, junk silver can serve both as a tangible investment and a piece of the nation’s monetary history, offering a unique blend of value and collectibility.