Description

90% Silver Bag $1000 Face Value

Since the early days of silver bullion investing the 90% Silver Bag has been one of the most popular choices worldwide. These Bags contain real U.S. silver coins struck in 1964 or before in denominations of dimes, quarters, or half dollars. These fall into the general category of Legal Tender silver bullion, which has a specific definition in that Legal Tender is actually real money and can be minted only by sovereign governments.

A $1000 face value 90% Silver Bag weighs about 54 pounds and the contents are sometimes called “junk” silver. This unfortunate name was developed in the 1970’s and used to describe a bag of average circulated silver coins which did not contain coins which were rare or collectable and so traded for their silver weight.

The bags contain $1000 (2 $500 bags) face so if half dollars were used there would be 2,000 coins. If the bag contained quarters the count would be 4,000 coins and if dimes there would be 10,000 coins.

If a 90% Silver Bag were melted it would contain about 715 ounces of pure silver but this is seldom done because US silver coins are worth a small premium. All US silver coins struck in 1964 or before are 90% pure silver so bags will move up or down in value following the daily price changes in the silver market. A handy way to approximate bag price changes figure a commercial bag will move $7.00 for every one cent change in the daily silver market.

For your convenience in handling and storage we divide the $1000 face 90% Silver Bag into two smaller bags of $500 face. Each of these smaller bags will contain all dimes, all quarters, or all half dollars so they are not mixed.

if you want to invest in 90% silver coins in smaller quantities GoldDealer.com will also deliver bags of $250.00 face value .

Usually the selling price of all these bags reflect their silver content, but because old silver coins are no longer being produced higher premiums sometimes develop. The premium on 90% Silver Bags can vary from negative (trading for less than content) to as much as 30% over their silver weight because of changes in public demand.

The four most important reasons investors favor $1000 face 90% Silver Bags are: (1) these real silver coins are recognized worldwide because they were minted by the United States government. (2) The divisibility of small silver coins is a big advantage. (3) Because US silver coins actually circulated in commerce there are many who believe this Legal Tender status may once again be called upon if the use of paper currency is questioned. (4) Because they trade close to their silver weight dealers have established a long history of tight buy and sell prices which follow the COMEX silver price.

There is no reporting requirement when you purchase 90% Silver. Dealers are required to report your sale of a full $1000 face (I.R.S. Form 1099B). Your sale of less than $1000 face 90% silver coins is not reportable by your dealer.

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