Junk Silver Bags
Junk Silver Bags contain US silver coins that were minted prior to 1965. Junk silver bags typically contain $1,000 in face value, will weigh around 54 pounds, and for 90% silver dimes and quarters will contain 715 ounces of silver. Junk silver bags of 90% Roosevelt and Kennedy half dollars will yield closer to 720 ounces of silver. The silver half dollars receive less handling and wear and thus yield a few more ounces of silver. The Junk silver coins are sold loose in bags because they are being sold for their silver content and there is no need to protect the individual coins. Although they are called Junk Silver Bags the coins are an excellent precious metal investment and are only considered junk by coin collectors. Being that the coins are circulated, used, scratched, and worn makes them undesirable from the numismatics point of view. The silver coins minted after 1964 have a silver content of only 40% and are not as valuable. Pre 1965 silver coins have been pulled from circulation because they are hoarded for their silver content. The junk silver bags have lasting value in their silver content so make your next precious metals investment in junk silver bags of pre 1965 coins and get more for your money.
A junk silver bag contains about 10,000 Mercury or Roosevelt dimes or 4,000 Washington quarters. One bag will yield about 715 to 720 troy ounces of pure silver. At today’s silver prices a bag will cost around $9,000 more or less depending on the daily spot price. At 1980′s silver prices, that was $50 an ounce, a bag would be valued over $35,000. Now may be a great time to buy more silver. Check out the various sources of junk silver coins and shop around. You are sure to find some great investments.
Junk silver bags of worn and circulated coins aren’t of the quality that coin collectors want. They have value solely for their silver content and therefore are a wise choice in these questionable economic times.
Junk silver bags of 90% silver content coins, the Mercury, and Roosevelt dimes, Washington quarters, and Kennedy half dollars are all certified to contain 90% pure silver. The price of silver continues to rise and provide an inflation hedge.
Junk silver Coins will always be worth face value and are recognized as legal tender. The silver content ensures that they retain their monetary value and even if the price of silver drops the value of Junk silver bags of coins can never go to zero. Junk silver has value that no other investment can provide.