90% Silver U.S. Coin Bag

Posted on :Feb 21, 2015

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Technical Specifications

Gross Weight 54 pounds ($1000 Face Value)
Silver Content 715 troy oz
Fineness 0.90% pure
Dimension $500 face bag measures 14” x 8 ” x 3 ” times 2

 

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Investment in the 90% Silver U.S. Coin Bag has been a prime focus of investors looking for silver legal tender coins at bargain prices. This is a popular investment option to secure personal wealth. The face value of the bag is valued at $1000 and is comprised of real US silver coins denominated in dimes, quarters or half dollars.

Gold Goliath offers the 90% Silver U.S. Coin Bag as a valuable choice to investors interested in purchasing silver at lower premiums than pure silver coins.

The coins are represented in the general category of Legal Tender silver bullion. This category bears a specific definition in the sense that Legal Tender is in fact real money and these can be produced only by national governments.

The contents of the 90% Silver U.S. Coin Bags, weighing approximately 54 pounds, are sometimes termed “junk” silver. This rather absurd name was coined in the 1970's and became popular when referring to a bag of average circulated silver coins that are not classified as collectible. These Bags were purchased and sold for their silver weight.

The number of coins in the 90% Silver U.S. Coin Bag changes depending on the denomination. If the bag contains half dollars the coins would total 2,000 in number; if the bag contains quarters the number of coins would be 4,000 and 10,000 coins if the denominational value of the coins is a dime.

Upon melting the contents of 90% Silver U.S. Coin Bag 715 ounces of pure silver would be obtained but this is rarely done by investors. US silver coins minted in 1964, or earlier are 90% pure silver. The value of the bag will fluctuate in accordance with silver market prices. A convenient way to calculate the current price of a 90% Silver US coin bag is represented as: for every one cent change in the spot market price there will also be a change of $7 in bag prices.

Some reasons why the 90% Silver U.S. Coin Bag is a recognized investment option are listed below:

•  The coins are produced by the United States Mint.
•  Small silver coins offer a great advantage for purchasing and trading when desired.

For convenience of handling to purchasers, the 90% Silver U.S. Coin Bag of face value $1000 can be divided into two smaller bags of $500 face. These smaller bags contain either all dimes, all quarters, or all half dollars. These coins are not mixed.

 

Since the 90% Silver U.S. Coin Bag is traded per silver weight, determining values is a simple process as Gold Goliath places current spot prices on our homepage. Call toll free 1-800-577-3195 ext. #1 Monday thru Friday 9:00am - 6:00pm CST.

 

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