Silver Coins to Buy if You Plan on Using Them for Bartering Purposes (2024)

Individuals purchase silver coins for all types of purposes, including investment, as an inflation hedge, a store of value, wealth preservation, collectible purposes, and more recently for bartering purposes. As we continue to see high inflation rates, record high debts and deficits, countries moving away from the dollar (de-dollarization) and the upcoming debt crisis, more and more folks are concerned about the long-term viability of the dollar.

If the dollar were to collapse or experience hyperinflation, individuals will likely adopt another form of money.

One of the most likely acceptable substitutes is silver, which has been used as money for thousands of years. While there are many types of silver coins and

bullion available, we believe these five will be the most likely recognized and accepted in the United States.

U.S. silver dimes, quarters and half dollars issued in 1964 and earlier are 90% silver coins. Approximately 14 dimes, 2.75 quarters or 5.5 half dollars are equal to an ounce. All three are great options, as they’re U.S.-issued, legal tender, and are recognized as silver by the general public – especially the older-issued coins, such as Mercury dimes, Standing Liberty quarters and Franklin half dollars. You can use dimes and quarters for smaller purchases and half dollars for slightly larger purchases (see chart at bottom of this page).

Two other great options are U.S. Morgan silver dollars issued in 1921 & earlier and modern-issued 1 oz American silver eagles issued from 1986 through present. While Morgan silver dollars are less than an ounce (.774 ounces to be exact), they are highly recognizable, popular, in demand, and will most likely trade as 1 oz silver coins.

American silver eagles are the official 1 oz bullion coin of the U.S. with a total mintage in the hundreds of millions of the .999 silver coins. The length of production, the large number produced, the fact that they’re legal tender and contain 1 troy ounce of .999 fine silver should make them one of the more popular choices for bartering purposes.