First, let's determine the approximate silver content in each of the available denominations.
By using the industry standard that 0 face value of pre-1965 quarters, dimes and half dollars - regardless of the mix - contains 71.5 ounces of silver, the following approximate silver contents can be extrapolated:• Half Dollars - 71.5 oz.
of silver/200 half dollars = 0.3575 ounces of silver per half dollar• Quarters - 71.5 oz.
of silver/1000 dimes = 0.0715 ounces of silver per dime Now, let's determine the approximate value of the individual coins based on a sample silver spot price of $21:• Pre-1965 half dollar - 0.3575 oz. government may once again try to confiscate gold in the United States – as Franklin Roosevelt did back in 1933 – here's a reassuring fact: silver coins have never been subject to confiscation. (Of course, you should never brag to anyone – a neighbor or a government bureaucrat – about any precious metals you own.)4. Most dealers sell these coins in $1,000 face-value bags. But at today's prices, those 715 ounces of silver will cost you around $16,660, basis a spot price of $21.
of silver X $21 = $7.50 per coin• Pre-1965 quarter - 0.17875 oz. That's why we break these bags down into 10 bags of $100 face-value coins, making them much more affordable.
of silver X $21 = $3.75 per coin• Pre-1965 dime - 0.0715 oz. The dimes, quarters and half-dollars made by the U. Mint prior to 1965 are instantly recognized as 'the real thing.' They don't need to be assayed to determine their precious metals' content; they don't need to be appraised by an expert to tell you what grade they are. These 90% pure silver coins really can work as 'pocket change.' Try doing that with a one-ounce gold coin or 100-ounce bar of silver.3. (They are also easier to store and, when it comes time to sell, easier to liquidate.) We recommend that every family own a few of them.5. A little over a year ago, there were severe shortages of silver in the market.
By Steve Emerick With silver trading down near its all-in cost of production, many of you have been asking for the best ways to own some. Today, we'll look at one of the more popular ways to own some silver. Each $1,000 face value bag of coins contains 715 ounces of PURE silver; AND ANY BUYER WILL PAY YOU ACCORDINGLY.
Junk silver coins contain 90% silver and are valued based on their silver content.
But to us, they spell protection against inflation, eroding buying power and expensive premiums.
Of all the forms of precious metals you can own, here's why we believe your very next purchase should be at least a bag or two of the 90% silver coins (dimes, quarters and half dollars) minted by the U. They got that designation because they've been in circulation so long they have no value to collectors.
Kirsch, believed every family member should own a ,000 Face Value bag of it. These coins are commonly referred to as junk silver, but there's nothing junky about them.
You will never need to have these coins assayed for their silver content or appraised for their grade.
Since the idea of face value versus inherent value can be confusing, let's break it down on a per coin basis and examine what the true value of a coin is.
For simplicity's sake, we will assume a silver spot price of .