Because of the lower premium over spot, junk silver coins are a great way to invest in high quantities of silver without spending too much money. Junk silver is also extremely common; nearly every major mint and distributor sells junk silver coins, and some banks will sell bags of junk silver coins as well!
One of the benefits of purchasing junk silver is its relatively low cost. It is easy to buy and sell, making it popular among investors and coin collectors. Another pro is that junk silver is still legal tender in the United States. So even if its intrinsic value falls, it'll maintain its denomination or face value.
Because junk silver is only 90% fine, you end up owning extra weight compared to an equal amount of . 999 fine bars or coins. In fact, you have to stack an extra 11% gross weight of constitutional silver to achieve the same number of ounces as . 999 fine silver.
Bag Content
We just guarantee that the total face value of the coins in the bag equals $100 and an amount of silver of approximately 71,5 troy ounces.
These silver bags are a cost-effective way to invest in silver that is also easily divisible. This bag contains pre-1965 silver coins with a face value of $100, for a total of approximately 71.5 Troy oz of silver. Bag may contain any combination dimes, quarters, or a mix of both.
Junk silver, on the other hand, typically sells at a much lower premium than rare coins or bullion. While the premium for these coins is always changing, based on the spot price of silver, it's not uncommon to find these coins available at premiums of 10% or less, depending on the size of your purchase.
Approximately 715 ounces of silver per bag. $1,000 USD Face Value.
Dealers will generally price their junk silver at the spot price of silver plus a fluctuating premium of say $1.00- $1.50 an ounce. If the spot price of silver is $15 and the premium is $1.00, the dealer will charge $11.73 per ounce of silver; if the premium charged is $1.50 an ounce the dealer will charge $12.23.
Silver coins offer several advantages over investing in silver bars, such as easier selling of smaller quantities at once, higher resale value due to collectible value and rarity factors, and better protection against counterfeiting or fraudulent products.
Cleaning Issues
Even though it's counterintuitive, you should never clean a coin, as it can significantly reduce its value.
Silver coins with minimum 90 percent silver content can be a smart purchase if you're a well-informed buyer. There are numerous online sources you can use to see which specific coins falling into this category are more valuable or sought after most by collectors.
Melt Value: $100 Face-Value 90% Silver Coins
This silver coin contains 71.50 troy ounces of bullion. Based on the metal content and weight, the intrinsic melt value of one $100 Face-Value 90% Silver Coins is $1745.32 based on today's silver spot price.
90% Junk Silver Bags - Dimes/Quarters ($500 Face, 357.5 ozs) | Texas Precious Metals.
At spot valuation of $28/ozt in 2021, 30 "pieces of silver" would be worth approximately $91 to $441 in present-day value (USD) depending on which coin was used.
Therefore, silver will always prove itself to be more valuable than the face value of a common coin. Yes, silver is money, but its value as a commodity has outpaced its face value when traded as money.
Often termed “junk silver”, purchasing 90% silver dimes has become a popular way of acquiring pure silver at a low cost. An efficient way to add weight to your assets and diversity your portfolio, each order contains approximately . 715 ounces of pure silver with a total face value of $1.
Silver can be considered a good portfolio diversifier with moderately weak positive correlation to stocks, bonds and commodities. However, gold is considered a more powerful diversifier.
For investment purposes, you should buy fine silver which has a purity standard of 99.9%, as the price of silver bullion is based on the precious metal content rather than a fluctuating spot price, or current market price, determined by a third party.
Sell old US Silver Coins online to Kitco
Since 1977, Kitco has been both buying and selling junk silver coins and other physical precious metal bullion products.
American Eagle Silver Bullion Coins are coins whose weight and purity are guaranteed by the United States Government. They're also allowed in an IRA. Each coin contains a minimum of one troy ounce of 99.9% pure silver. The obverse design of the American Eagle Silver Bullion Coins is based on Adolph A.
Collectible Silver Coins
The Silver Eagle is the only silver bullion coin with a weight, purity, and silver content guaranteed by the U.S. government. These coins have a . 999 purity and contain a troy ounce of silver.
Pre-1965 silver coins are often what buyers and sellers are referring to when they say “junk silver.” They can often be most easily distinguished from lower silver-content coins by appearance. The edge will not show the telltale copper streak but will appear silver all the way through. Dates are the other tip off.
American Eagle Platinum Proof Coins
Its $100 face value is the highest denomination for a U.S. legal tender coin.