Each market has their own distinct end investor or collector. Silver coins can be categorized as either bullion/commodity value coins or as coins traded for their numismatic collectible value. The “Silver Coin Market” is comprised of two categories, each with three levels of interaction. 90% silver bags are anything but junk, and have traded anywhere from $10,000.00 to $30,000.00 in the recent past. Now, any silver coinage from any country worth its melt value is broadly referred to as junk silver.
coins had little or no numismatic value as compared to the rising value of silver, and were therefore “JUNK!” and literally thrown in the coin counting hopper. In the mid 1970s, the term ''junk silver'' stuck as rare coin dealers found that many of their low-grade common-date U.S. He accurately and convincingly predicted the U.S.A closing its gold window and the personal financial utility of silver coins. The term ''junk silver'' was coined and propagated by Harry Browne in his foretelling best seller, "How You Can Profit From The Coming Devaluation" published in 1970. Silver bags contain either 2,000 halves, 4,000 quarters or 10,000 dimes, and weigh about 54 pounds with approximately 715 ounces of actual silver. For decades, $1,000 face value bags traded widely for their commodity value. 90 fine, meaning they contain 90% silver with the remainder in alloy. United States circulating silver coinage prior to 1965 are.
When your metal is received by the bank/depository, the custodian of the facility will send you a document acknowledging the receipt and your ownership of the silver being stored in your name.
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If you choose to store your silver coins in this way, we will deliver your investment with full title and ownership in your name to one of the independent bank/depository facilities that provide storage for Monex customers. Silver American Eagle and the Royal Canadian Mint's Silver Maple Leaf. The silver coins most preferred for depository storage are the two most popular and liquid coins in the world, the U.S. For this reason, investors of silver coins should take into consideration where they will store their purchase, and is why investors purchasing larger quantities of silver tend to use a bank/depository storage facility. Most people could not carry $25,000 of silver coins without a wheelbarrow, whereas that amount of gold could fit in the palm of your hand. Silver coins have great weight and volume for your investment dollars, which may present a storage challenge.
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