90% Silver Bags [0.900 Fine Silver Coin Bags]
Bags of U.S. circulating legal tender coins (dimes, quarters, half-dollars) containing 90% silver or 40% silver are traded based on silver weight. All bags contain $1,000 face value of the coins and a “90% bag” may contain 10,000 dimes, 4,000 quarters or 2,000 half-dollars or a mixture of dimes, quarters or halves that total $1,000 face value. All “90% coins” are pre-1965 because prior to 1965, all U.S. dimes, quarters and half-dollars were struck from an alloy containing 90% silver and 10% copper. In 1965, at the direction of Congress, the U.S. Mint removed all silver from dimes and quarters. Silver content in half-dollars was reduced to 40%.
Each 90% silver bag contains either 4,000 U.S. quarters or 10,000 U.S. dimes dated 1964 or earlier...weighs approximately 800 troy ounces (or 54 pounds)...and contains approximately 715 ounces of pure silver.
One of the primary benefits of a 90% silver coin bag investment is that the bag has a built-in guarantee simply unavailable with most other silver investments: No matter what happens to the price of silver, the value of your 90% silver bag will never be worth less than its $1,000 face value. |