According to Sir Thomas Gresham, a British Economist in the mid-16th century who formulated the principle known as Gresham’s Law: “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 & only the coin of lower intrinsic value will remain in circulation.”
90% Silver Circ. Coin Bag Prices
|Bid Price||Qty 1-9||Qty 10+||Qty 25+|
|90% Silver Bag||$15615.60||$16151.85||$16116.10||$16080.35|
Today, you seldom see pre-1965 U.S. 90% silver coins in circulation. Why? Because although these coins are U.S. legal tender & can still be used to purchase goods & services, their actual & true value is based on the amount of pure silver they contain, & that value today is substantially higher than the coins’ face value.
That is exactly what happened in the 1960’s when Public Law 88-36 was passed & silver was greatly reduced in our coinage. In 1965, the U.S. government discontinued minting U.S. dimes, quarters & half dollars with a 90% silver content & switched instead to cheaper cupro-nickel coins with less intrinsic value.
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 basically unavailable with most other silver investments: No matter what happens to the price of silver, the value of your 90% silver bag will seldom be worth less than its $1,000 face value.
Another feature of 90% silver coin bags that is often of great interest to investors is that these bags, depending on market conditions, have been priced at a premium—or a discount—to the price of silver bullion. In 2007, for example, 90% silver bags were available from 3-8 % below the spot price of silver bullion, which enabled you to buy more silver per dollar than about any other form of silver.
In addition, buying U.S. 90% silver coins offers you a convenient and transportable way to own silver. They are real cash…you can spend the coins anywhere…and they will never be worth less than their face value.