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  • Silver 90% Bag – $1,000 Face Value
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Silver 90% Bag – $1,000 Face Value

Junk 90% Silver Bag

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Silver 90% Bag – $1,000 Face Value
$12,914.80
  • Silver Content – 715 oz.
  • Composition – 90% silver
  • Coin Diameter – bag
  • Thickness – bag
  • Mint Dates – Pre-1965
OR
Description

Details

Overview

Before 1965, U.S. silver dimes and quarters were comprised of 90% silver and 10% copper. These worn coins are now generally sold in $1,000 silver bags, with “$1,000” referring to the the sum of the coins’ face values. Regardless of the mix of coins, $1,000 silver bags all have the same amount of silver, about 715 troy ounces.

These bags also come in half and quarter bags (i.e., $500 and $100 bags). Silver bags also can be purchased in 40% silver bags, but 90% silver bags are more common. In the trade, silver bags are sometimes referred to as “junk silver,” not because of the silver’s quality, but because the coins have been removed, “junked,” from circulation.

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Copyright 2017 Augusta Precious Metals | All Rights Reserved.
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Augusta does not provide legal, tax, or investment advice. The Augusta® Gold IRA is a self-directed IRA containing physical precious metals administered by a third-party custodian and stored in an approved non-government depository storage facility where investors can make an appointment to see their precious metals. The Augusta® Home Delivery™ Gold IRA is a self-directed physical precious metals IRA stored at home or in a safe deposit box. Augusta's attorneys believe that American Eagle coins may be stored at home and that all other IRA-held coins must be stored, at a minimum, in a safe deposit box at a U.S. bank. However, these attorneys believe it is wiser to store all IRA precious metals in a safe deposit box at a U.S. bank to eliminate risks associated with home storage. The IRS has not provided clear guidance on home delivery or home or safe deposit box storage of IRA precious metals. If your home delivery gold IRA is not set up properly, if you engage in a prohibited transaction (e.g., withdrawing metals before retirement to use for any other purpose), or if it is determined that home delivery or home or bank safe deposit box storage are not permitted by the IRS, you could lose your tax-exempt status and have to pay taxes and penalties. As with any investment, past performance might not predict future returns. The price of precious metals fluctuates over time and investors might lose money. It is important to consult your own legal and financial advisors before buying from Augusta.

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