But what are thеѕе сoіnѕ аnd whу arе mеn аnd womеn іnveѕtіng іn thіѕ kind оf junk? For numеrous, they definе јunk aѕ traѕh or waѕtе оr аnуthіng at all thаt iѕ no more time vаluablе. Of соurѕе, іnvesting in gold іѕ thе mоѕt pеrfeсt. Nonеthеlеѕѕ, we аre not rеѕidіng in аn exсеllеnt wоrld and nоt аll cаn afford tо enterprisе in gоld. It іѕ excellеnt tо know that even indіvіduаlѕ bеlongіng in middle соurѕе houѕeholds cаn соmmеnce investing by іndiсаtеѕ оf јunk ѕilver coins. Thе іѕѕuеs dеѕсribеd рrevіouѕly mentіоned аre јuѕt sоme оf the grеаteѕt fаctоrs and аdvantages of іnveѕtіng іn thеsе typе of сoins. Onе fіnal аdviсе, deсіdе оn уour invеѕtmеnt cаr wіsеlу dо not and tаke intо account thе uрs and downѕ оf уоur venture.
90 silver bags are merely bags made from canvas-sort cloth that contain Washington quarters, Franklin or Kennedy 50 %-bucks, and Mercury and Roosevelt dimes that had been minted in 1964 or previous a long time.
These were the occasions when all of our U.S. coins have been nonetheless created of real silver (in fact 90% silver and ten% copper.) The phrase 'junk silver' was coined (no pun intended) throughout the 1970's since these 'junkie' coins had little or no collector appeal at that time. Effectively, that's definitely not true right now, with these kinds of coins becoming more difficult to find!
Sorts of ninety Silver Coin Bags
The sort of junk silver coins most typically identified in silver bags are the Washington quarters. A usual silver bag will contain combined dates of 1964 or before and all of a single coin denomination - i.e. all quarters, dimes, or 50 %-bucks. The grade of every single coin will vary but usually 95 % will have dates that will be readable.
Coin dealers will normally promote 90 junk silver bags in encounter worth tons of $1000.00, $500.00, $250.00, $a hundred.00, and sometimes even $fifty.00 a lot. When you make investments in a $1000.00 bag, for instance, you will be getting ten,000 dimes, four,000 quarters or two,000 50 percent dollars!
However, the deal with value of the coins will be $1000.00 but will have 715 ounces of silver, irregardless of the denomination of the coins, because of the 90% silver composition of the coins. That means you are going to be obtaining a whole lot far more silver for your cash!
How to Determine the Worth of Your Junk Silver Coin Bag
Before you march off to sell your ninety silver bag to a coin dealer, you will require to decide forward of time, what your bag is value:
90% U.S. Silver Coins
Junk Silver Coins are coins which derive most of their value from silver content alone. Traditionally, this has been a low premium method of investing in silver. It also has an interesting benefit. Because the coins are actual legal tender coins, the face value of the coins will provide an ultimate back stop for the value of the investment.
One of the most popular ways to invest in silver bullion is with the 90% U.S. Silver Coins. Commonly referred to as junk silver bags, this name developed in the 1970s and was used to describe a bag of average circulated silver coins, meaning no rare coins were included.
Contents
On a dealer level, junk silver coins are usually purchased in $1,000 face junk silver value bags. They are sold based on the value of the silver content plus a mark up. A $1,000 face value bag of junk silver will contain over 700 ounces of pure silver. See the various junk silver coin values for different coin series.
A typical dollar face value in circulated US silver coins when minted contained silver equal to about 71 % of a troy ounce* of pure refined silver. These circulated silver coins are considered by many as a good way to invest in silver. They are sold by some coin dealers in bags of $1,000.00 face value per bag. Many customers have asked for smaller bag quantities at economical prices. Premium for Half Dollars
Please note that customer purchases of bags of half dollars carry a premium added to the pricing shown on the right as follows: Full bag-$100 premium, Half Bag-$50 premium, Quarter Bag-$25 premium, and Tenth Bag-$10 premium.
Investment Advantages of Junk Silver Bags
Bags of silver do offer several investment advantages. First they provide small increments of barter. Secondly, the bag carries a low premium over spot silver. Thirdly, they are legal U.S. tender. Finally, junk silver bags are recognized around the world as a trading medium and are therefore very liquid.
Market Value
Bag pricing will move up or down with the daily price of silver. The spot price of silver (and all precious metals) is reported every business day in all major newspapers, network television and radio and online.