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Junk Silver Bags

You will find in-depth buying and selling information on 12 of the most popular U.S. 90% silver coins in my eBook The Last US 90 Percent Silver Coins

Investing in bags of junk silver is not as popular or as well known as buying silver bullion coins or silver bullion bars. But this type of silver investment can be quite profitable. When spot silver hit a high of $50.00 per ounce in 1980, these bags were fetching in excess of $35,000 apiece.

A full bag of junk silver contains $1000.00 face value in pre 1965 silver coins. In other words, a bag of junk silver dimes contains 10,000 circulated dimes (either Roosevelt or Mercury dimes). A junk silver bag of quarters contains 4,000 circulated Washington quarters. A junk silver bag of half dollars contains 2,000 circulated Walking Liberty, Franklin or 1964 Kennedy halves. All are 90 percent silver coins.

It is generally agreed among dealers that a full bag of junk silver coins contains 715 troy ounces of silver which can be costly ($14,300.00 with spot silver at $20.00) and hard to store (about the size of a bowling ball and weighing 55 pounds). For these reasons half bags ($500 face value), quarter bags ($250 face value) and tenth bags  ($100 face value)of junk silver coins are available from some dealers.

Other options for investing in a bag of silver coins are available from larger dealers include:

Circulated and uncirculated silver dollars consisting of 1000 Morgan Silver Dollars (1878-1904,1921) or Peace Silver Dollars (1921-1935). Each bag of circulated silver dollars contains 765 troy ounces of silver, 780 troy ounces for uncirculated silver dollar bags;

Circulated and uncirculated 40 percent silver Kennedy halves (1965-1970). Each bag of 2000 Kennedy halves contains 300 troy ounces of silver. With spot silver at $20.00, each bag would have an intrinsic (melt) value of $6,000.00;

Circulated bags of 80 percent Canadian silver coins (dimes, quarters, half dollars) which were minted from 1920 until 1967).

Bags of silver coins such as those above are very liquid. That is, they are widely recognized for their value and can easily be turned back into cash or exchanged for other precious metal investments.

In addition to major dealers, you may be able to find partial bags of pre 1965 silver coins at local coin shops, coin shows, dealers' websites, or auctions featuring coins and other precious metals.




Disclaimer: I have made every reasonable effort to produce an informative and helpful article on Junk Silver Bags based on my research and experiences. However, I make no representation or warranties of any kind with regard to its completeness, accuracy or suitability for any specific situation or purpose. See Site Use Terms for more info.


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