United States Pre-1965 Silver Coin Bag
($1000 face value)
Net silver content: 715 troy ounces
Dimes, quarter, half-dollars minted for circulation
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U.S. pre-1965 silver coins, also referred to as "junk bags," are a popular diversification among silver owners. Generally, silver in this form is sold in $1000 face value bags weighing 715 fine troy ounces. Items included in this category are U.S. minted silver coins in dime, quarter and half-dollar denominations. $1000 face value bags of half-dollars are usually priced at slight premiums over the dime and quarter bags. Generally speaking, $1000 face value bags track the silver spot price and trade at reasonable premiums over their melt value. Though difficult to store and transport, this item remains a standard inclusion in many precious metals portfoliios.
A Quick Note on Silver Prices:
The current ratio of gold to silver of roughly 85:1 is within throwing distance of most undervalued condition in the market's history. Even a return to the historic average of 62:1 would have remarkable implications for the silver price. In fact, widely read technical analyst Clive Maund called the current silver market ‘The most bullish set up for silver that I have ever seen.” For a more detailed review of silver ownership, we invite you to read our special report linked immediately below.