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Picture of 90% Junk Silver Bag - $1000 Face

90% Junk Silver Bag - $1000 Face

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$100 Minimum order. *Payments with Credit Cards $5,000 max.

Shipping Prices

Gold Silver  
$100 to $149 $100 to $149 $4.95
$150 to $999 $150 to $999 $9.95
$1,000 to 10 oz $1,000 up to 500 oz $14.95
10 oz or more 500 oz or more FREE

Purchases are shipped by US Postal Service Priority Mail and require customer signature upon delivery. After funds clear, your order will be processed for shipping and take approximately three (3) business days to arrive. Upon shipment, you will receive an email with a confirmation number to track your package. If you require expedited shipping, please call us. Additional fees will apply.

90% Silver Coins, Junk Bags

 From 1795 to 1933 the United States minted gold and silver coins for use in commerce.  It wasn’t until 1965 that this practice was stopped with silver (1933 for gold).  Dimes, quarters, half-dollars and full dollars were minted in 90% silver.  If you look at the change you have around your house you will probably notice that you do not have any coins minted prior to 1965.  The reason for that is because good money draws out the bad.

"When coins of equal face value but different intrinsic value are put into circulation side by side, the coin with the higher intrinsic value will be hoarded and only the coin of lower intrinsic value will remain in circulation." - Gresham’s Law.

Just like an American Gold Eagle that has a face value of $50 and an actual value much higher than that, the actual value of a quarter with silver at $30 per ounce is around $5; therefore if any of these are spotted they are hoarded.  Why use a coin as $.25 when it’s worth $5?

As time progressed more and more people began to hoard pre-1965 90% silver coins and as a result today these coins are aggregated in $1,000 face value bags, called “junk silver,” (a name made famous in the 1970’s) and are marketed to investors.  $1,000 face value is equal to 4,000 quarters or 10,000 dimes etc.  Each bag contains close to 715 ounces of pure silver and weighs roughly 55 pounds.

Due to their relatively high availability, no collectible value and being a secondary market product (no new minting and marketing cost), 90% silver coins can be bought a very low premiums over the spot price of silver.

Many investors in junk bags of silver are looking for a way to have silver in small quantities because they believe that if there was ever to be an economic collapse they could be used to barter with much easier than larger 1 oz. versions of silver coins.  And after all they will never be worth less than their face value.

Spot Prices

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