Gresham's Law says that bad money drives out good money. The same holds true for people selling 'pounds' of silver (12 troy ounces or 16 avoirdupois ounces) - silver is sold in troy ounces, not in pounds (this gets even more complicated, since a troy pound weighs less than an avoirdupois pound, whereas a troy ounce weighs more than an avoirdupois ounce).
Do not trust anyone selling silver using avoirdupois ounces no dealer will sell using avoirdupois ounces (it is illegal). Since silver is sold in troy ounces, we won't bother telling you the avoirdupois ounce weights (what it would be on a bathroom scale), or the weight in pounds. A circulated bag contains roughly 715 ounces of pure silver. Since it is 90% silver, that means that the coins contain 723.38 troy ounces of pure silver. When first minted, $1,000FV of 90% silver weighs 803.76 troy ounces. Halves are typically mixed, with the majority being Franklin halves. For quarters, you'll usually get Washington quarters with an occasional Barber quarter mixed in. Some dealers will sell bags of just Mercury dimes at a premium (which is nice, as you don't have to check the dates of them to make sure they are pure silver, as post-1964 Roosevelt dimes are not made of silver). Typically, for dimes, you will get Roosevelt dimes (the same type we have today), but occasionally will see some mercury dimes (or even more rarely, Barber dimes) mixed in. Occasionally, you may get a bag of half dollars, but often you'll have to pay a premium for bags of half dollars. Sometimes, you'll get a mix, but that isn't as common (people typically want all of the same denomination).
#BAGS OF SILVER COINS FOR SALE FULL#
If you're getting a full $1,000 face value bag, most commonly you will get a bag of all dimes (10,000 of them) or all quarters (4,000 of them). A $1,000FV bag of 90% silver coins contains about 715 ounces of pure silver (plus about 80 ounces of copper). In some cases, this was due to low demand, and in other cases (such as during the high prices of silver in early 1980), this was due to the lengthy delay to melt the coins into fine silver (and the risk of the price declining before that happened).īut, if you are just buying it for the silver content, what matters the most is how much silver the coins contain. At other times, such as the early-to-mid 1980s and shortly after Y2K, these bags would sell well below the spot price. Sometimes there are very high premiums (such as late 1999, just before Y2K, when people thought they would be useful for bartering if computer systems went down). Regardless of the type of coin, the value of 90% silver coins compared to spot prices varies widely at times. Next comes the variety: Mercury dimes and Walking Liberty halves tend to have price premiums, since the coins are older (and may have more numismatic value) and easier to identify as being 90% silver (you don't have to check the dates, as you do with more recent 90% silver coins). First is the denomination: Half dollars tend to be valued more highly than quarters or dimes, since they are usually less worn (and therefore have more silver), have smaller mintages, and are easier to count. It is very hard to place a value on $1000FV bags of 90% silver coins. What is the real value of $1000FV 90% silver? You need to count or weigh the coins to verify how much you have.They are bulkier, and therefore harder to store, than.You can't easily determine how much pure silver is in the coins.They could have some numismatic value, since they can never be minted again.They are very easy to identify, and therefore easy to sell.The small units could make them useful if needed for bartering.They are in small units, making it easier to sell if silver prices jump very high.What are the advantages/disadvantages of $1000FV 90% silver over. coins has a melt value of $ (based on 715 ounces pure silver per bag). Many dealers also sell half bags ($500FV), quarter bags ($250FV), $100 bags, and smaller amounts.Īt a recent spot price of $0.00 (as of ), a $1,000 face value bag of 90% silver U.S. This is simply either 10,000 dimes (from 1964 or earlier), 4,000 quarters (from 1964 or earlier), or 2,000 half dollars (from 1964 or earlier). Some people who are interested in silver bullion purchase $1,000FV (Face Value) bags of 90% United States silver coins. Good Information About Bags of 90% Silver Coins Does Manipulation Control Silver Price?Īll About Silver.
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