Not all coins are equal. They used to be much more pure and have a higher silver quantity then today. This is why a quarter can actually
be worth much more in today's market.
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Item Gone! FT 90% US Silver coins for guns
- Thread starter vette2porsche
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be worth much more in today's market.
Face value and weight value (.90 silver) are completely different. Wake up people.
Maybe this can help.
All 90% silver US coinage, even that minted "today' for proof/commem sets, contains the same amount of silver. $1 of coinage contains 0.7234 troy oz of silver (Frequently, in the spot market, you'll find this number trimmed down, and everyone agrees on .715 toz. This accounts for wear, and also makes an easier number to handle)
Understand here that it doesn't matter how you make up the $1 of face value. 5 pre-65 dimes, and a 64 Kennedy half will contain the same silver (.7234 toz) as 10 pre 65 dimes, or 4 pre 65 quarters, etc.
So...if the spot price were, say, $28 per toz, then 20*.715 = 20.02 - There's your multiplier...$20.02 for every $1 of face value is spot price.
http://silverbullionguide.com/blog/silver-bullion-coins-and-rounds/
90% Junk Silver Coins
Some bullion investors and collectors prefer coins with lower premiums and higher mintage, such as the various 90% junk silver coins. The United States has the largest volume of silver coins, which they have minted over several centuries. The availability and the price for most (non-key date) 90% silver coins is good, with reasonable premiums and a large supply of coins on the market. Many coin dealers will sell 90% junk silver coins by face value, meaning you can buy a bag of 90% silver coins that add up to a face value of $10, $50, $100 or even $1,000 (any amount). Whether a bag contains dimes, quarters, half dollars, or silver dollars, the silver content is the same in regards to the face value of all coins added up, as was the design of the “weights and measures” system of the US Treasury.
All 90% silver US coinage, even that minted "today' for proof/commem sets, contains the same amount of silver. $1 of coinage contains 0.7234 troy oz of silver (Frequently, in the spot market, you'll find this number trimmed down, and everyone agrees on .715 toz. This accounts for wear, and also makes an easier number to handle)
Understand here that it doesn't matter how you make up the $1 of face value. 5 pre-65 dimes, and a 64 Kennedy half will contain the same silver (.7234 toz) as 10 pre 65 dimes, or 4 pre 65 quarters, etc.
So...if the spot price were, say, $28 per toz, then 20*.715 = 20.02 - There's your multiplier...$20.02 for every $1 of face value is spot price.
http://silverbullionguide.com/blog/silver-bullion-coins-and-rounds/
90% Junk Silver Coins
Some bullion investors and collectors prefer coins with lower premiums and higher mintage, such as the various 90% junk silver coins. The United States has the largest volume of silver coins, which they have minted over several centuries. The availability and the price for most (non-key date) 90% silver coins is good, with reasonable premiums and a large supply of coins on the market. Many coin dealers will sell 90% junk silver coins by face value, meaning you can buy a bag of 90% silver coins that add up to a face value of $10, $50, $100 or even $1,000 (any amount). Whether a bag contains dimes, quarters, half dollars, or silver dollars, the silver content is the same in regards to the face value of all coins added up, as was the design of the “weights and measures” system of the US Treasury.
See www.kitco.com or http://bullion.nwtmint.com/silver_americaneagle.php
These are probably pre 1965 90% silver American coins. I'm 55 and if I'd only known then what I know now.........
Silver dollars have more silver per $ than halves, quarters and dimes.
0.7735 troy oz per $ for silver dollars, not .715 as stated ( or .7234/ $ per 1$ face value without wear).
Since the thread does not specifically mention silver dollars, this is a moot point.
0.7735 troy oz per $ for silver dollars, not .715 as stated ( or .7234/ $ per 1$ face value without wear).
Since the thread does not specifically mention silver dollars, this is a moot point.
X2!!!!
Item Gone!
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