What is Junk Silver?

Older United States silver coins (produced in 1964 and prior to) are now in demand because of their silver content. (Numerous were melted down years ago.) At one time these had been referred to as -  junk silver - for the reason that they had no special collector value in the time.  Junk silver is nonetheless made use of these days to refer to old silver coins.   Nevertheless, times have changed.  These days "junk silver coins" are becoming harder to uncover.  
      $1.00 worth (face value) of silver dimes weighs the similar (and has the very same silver content) as a $1.00 in silver quarters, which also weighs the same as $1.00 in silver half dollars.  For example, 10 dimes, 4 quarters, or 2 halves all have the identical weight and are 90% pure silver composition.

     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 numerous as an excellent approach to invest in silver. They are sold by some coin dealers in bags of $1,000.00 face value per bag.  Numerous shoppers have asked for smaller bag quantities at economical prices. So, here they're!     

o calculate the cost of junk silver, divide the face value of the coins by 1000 and then multiply the resulting fraction (decimal quantity) by 715 to figure out the number of ounces of silver present. Then multiply the number of ounces by the present spot price of silver to yield the dollar value of your junk silver. Keep in mind that most dealers either add a small premium to the value when selling and subtract a tiny premium from the value when buying.

    A full bag is $1000.00 in face value and contains approx. 715.0 troy oz of pure silver.
    A half bag is $500.00 in face value and contains approx. 362.50 troy oz of pure silver.
    A 1/4 bag is $250.00 in face value and contains approx. 178.8 troy oz of pure silver.
    A 1/10 bag is $100.00 in face value and contains approx. 71.5 troy oz of pure silver.
    A roll of dimes face value is $5.00 and the silver content is 3.50 troy oz.
    A roll of quarters face value is $10.00 and the silver content material is 7.00 troy oz.
    A roll of half-dollars face value is $10.00 and the silver content material is 7.00 troy oz.

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90% silver (junk silver) is the least expensive type of investment silver. The price is based solely upon the silver content material of the coins. Thankfully, a given face value of any coin, whether a quarter or a dime, yields the identical silver content material. Mainly because $100.00 face value in dimes contains the exact same silver content, 71.5 troy ounces, as $100.00 face value of half dollars or $100 face value of quarters, the calculation may be the very same for all denominations.

U.S. coins minted prior to 1965 were composed of 90% silver and 10% copper. The main reason they're called survival coins may be the reality that they are legal tender coins. Also, simply because individuals keep in mind when they circulated as money, they have the advantage of getting effortlessly recognized as cash. If the want arises to use these coins in everyday transactions, Americans will feel comfortable accepting them as payment for goods and services. In addition, simply because they're denominated in handy amounts, they'll work nicely in trade.

A full bag contains $1,000 face value of dimes, quarters or half dollars. A bag of dimes contains 10,000 coins; a bag of quarters 4,000 coins; as well as a bag of half-dollars 2,000 coins. When minted, a $1,000 face value bag contains 723.4 ounces of silver. Due to wear, even so, a bag of circulated coins yields roughly 715 troy ounces; as a result, to calculate a price, multiply the weight (715 troy oz.) by the spot price of silver. Distinct dealers use slightly different constants for this calculation. For example, thesilverXchange utilizes "715" as the continuous whereas other dealers may use "712" or even "700".

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