Is 90% Silver Getting Harder To Find? Analyzing Market Availability

Many investors and collectors in the precious metals market have recently voiced concerns about the availability of 90% silver, often referred to as "junk silver." The claim that 90% silver is becoming increasingly difficult to find has spurred discussions across online forums and investment communities. However, a closer examination of current market conditions suggests that this perception might not entirely align with reality. This article delves into the availability of 90% silver, examining supply levels across major online dealers and local coin shops to provide a comprehensive overview.

Current Availability of 90% Silver

The perception of scarcity often stems from anecdotal evidence and online discussions. Some collectors and investors have reported difficulties in sourcing 90% silver coins, leading to the belief that the supply is dwindling. However, a systematic review of leading precious metals dealers indicates a different picture. Major online retailers such as APMEX, JM Bullion, Hero Bullion, and SD Bullion consistently list 90% silver products in their inventories. These dealers, known for their substantial holdings and wide selection, serve as reliable indicators of market supply.

Availability Across Major Dealers

• APMEX: One of the largest online precious metals retailers, APMEX, regularly stocks various 90% silver coins, including dimes, quarters, and half dollars. Their inventory levels, updated frequently, show a consistent supply of these coins. Investors can typically find bags of pre-1965 US silver coins, often sold by face value (e.g., $100 face value bags). APMEX’s robust supply chain and large trading volume ensure a steady flow of 90% silver to meet customer demand.
• JM Bullion: JM Bullion, another major player in the precious metals market, also maintains a significant inventory of 90% silver coins. Their online platform features a range of options, from individual coins to bulk purchases. JM Bullion's ability to source and supply these coins reflects the broader market availability of 90% silver. Investors looking for specific denominations or quantities can often find suitable options on their website.
• Hero Bullion: While a relatively newer entrant in the online precious metals market, Hero Bullion has quickly established itself as a reputable dealer with competitive pricing and a diverse product range. Their inventory includes 90% silver coins, demonstrating that even newer dealers have access to these products. Hero Bullion's presence in the market further supports the idea that 90% silver is not as scarce as some might believe.
• SD Bullion: SD Bullion is known for its transparent pricing and extensive selection of precious metals products. Their 90% silver offerings are consistently available, suggesting a stable supply within their network. SD Bullion's commitment to providing various investment options, including 90% silver, underscores the ongoing availability of these coins.

The role of online dealers in maintaining the supply of 90% silver cannot be overstated. These platforms operate on a large scale, sourcing coins from various channels, including private sellers, estates, and other dealers. Their ability to aggregate and distribute 90% silver coins ensures that investors and collectors have access to these products, regardless of regional variations in availability.

Local Coin Shops and Their Role

Beyond online retailers, local coin shops are critical in the 90% silver market. These shops often serve as the first point of contact for individuals looking to buy or sell silver coins. The prevalence of 90% silver in local coin shops across the United States provides further evidence against the notion of widespread scarcity.

Coin shops source their inventory from a variety of channels, including private collectors, estates, and local coin shows. Their ability to tap into these sources allows them to maintain a steady supply of 90% silver coins. Many coin shop owners report consistent availability of these coins, although fluctuations in demand can affect inventory levels in the short term.

Regional Variations: While the overall availability of 90% silver is generally stable, some regional variations may exist. Areas with a higher concentration of collectors or investors might experience more demand, leading to temporary shortages at local coin shops. However, these shortages are typically short-lived, as coin shops can replenish their inventory through their established networks.

Building Relationships: For those seeking 90% silver, developing relationships with local coin shop owners can be beneficial. Regular customers often gain access to a broader selection of coins and may receive preferential pricing. Coin shop owners can also provide valuable insights into market trends and help collectors find specific coins they are looking for.

Factors Influencing the Perception of Scarcity

Several factors contribute to the perception that 90% silver is becoming harder to find, even though the overall supply remains relatively stable. Understanding these factors can help investors and collectors make informed decisions and avoid unnecessary concerns.

Increased Demand: One primary driver of perceived scarcity is increased demand. Precious metals, including silver, often see heightened interest during times of economic uncertainty or inflation. Investors turn to silver as a store of value, increasing demand for physical silver products, including 90% silver coins. This surge in demand can temporarily strain supply chains, leading to the perception of scarcity.

Market Sentiment: Market sentiment and online discussions can also influence perceptions of scarcity. If many investors believe that 90% silver is becoming rare, they may rush to purchase these coins, further increasing demand and potentially driving up prices. This self-fulfilling prophecy can create a temporary imbalance in the market, even if the underlying supply remains adequate.

Hoarding and Collecting: The nature of 90% silver as both an investment and a collectible item also plays a role. Collectors often hold onto these coins, reducing the available supply in the market. Similarly, some investors may choose to hoard 90% silver, anticipating future price increases. This hoarding behavior can decrease the circulation of these coins, contributing to the perception of scarcity.

Misinformation: The spread of misinformation online can also impact perceptions of scarcity. Inaccurate claims about the availability of 90% silver can create unnecessary anxiety among investors and collectors. It is essential to rely on credible sources and conduct thorough research before making investment decisions.

The Real Value of 90% Silver

The intrinsic value of 90% silver lies in its silver content. These coins, minted before 1965 in the United States, contain 90% silver and 10% copper. The value of these coins fluctuates with the spot price of silver, making them an attractive investment option for those looking to hedge against inflation or diversify their portfolios.

Historical Significance: Beyond their silver content, 90% silver coins also hold historical and numismatic value. These coins represent a bygone era of American coinage and are sought after by collectors. The historical significance adds another layer of value, making these coins appealing to both investors and numismatists.

Divisibility and Liquidity: 90% silver coins offer excellent divisibility, allowing investors to buy and sell in small increments. This divisibility makes them accessible to a wide range of investors, from those with limited capital to those making large-scale investments. Additionally, 90% silver is highly liquid, meaning it can be easily bought and sold in the market. This liquidity ensures that investors can quickly convert their holdings into cash if needed.

Recognizability and Trust: The widespread recognition of US 90% silver coins enhances their appeal as an investment. These coins are easily identifiable and trusted, making them a reliable store of value. Investors can be confident in the authenticity and purity of these coins, reducing the risk associated with counterfeit products.

Conclusion

In conclusion, while anecdotal evidence might suggest that 90% silver is becoming harder to find, current market conditions indicate that this is not the case. Major online dealers and local coin shops across the United States consistently stock 90% silver coins, ensuring a steady supply for investors and collectors. Factors such as increased demand, market sentiment, and hoarding behavior can influence perceptions of scarcity, but the underlying availability of 90% silver remains robust.

For those interested in investing in or collecting 90% silver, it is essential to conduct thorough research, monitor market trends, and rely on credible sources of information. Building relationships with local coin shop owners and staying informed about market dynamics can help investors make well-informed decisions and secure their desired holdings of 90% silver coins. The enduring appeal and intrinsic value of 90% silver make it a worthwhile consideration for any precious metals portfolio.