40% U.S. Silver Coin Bags
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40% Silver U.S. Coin Bags
Design and Specifications
In response to the silver price increases of the 1960’s, the U.S. government sought to produce a lower cost form of coinage as an alternative to 90% silver coins. As a result, the U.S. Mint began producing Kennedy half-dollars composed of an inner layer of 79% copper and 21% silver, and sandwiched or "clad" with an outer layer made up of 80% silver and 20% copper. In total, each coin was made up of 40% silver and 60% copper. They were the last regularly-circulated U.S. coins to contain silver.
Today, a popular way to own precious metals is to buy $1,000 face value bags of junk silver. Monex offers bags of 2,000 U.S. half-dollars equaling about 295 ounces of pure silver. Easy to buy and sell, investors may choose to trade these bags as a whole or in smaller units of individual coins.
In response to the silver price increases in the 1960’s, the U.S. government sought to produce lower cost coinage as an alternative to 90% silver coins. As a result, the U.S. Mint began producing Kennedy half-dollars composed of an inner layer of 79% copper and 21% silver, and sandwiched or "clad" with an outer layer made up of 80% silver and 20% copper. In total, each coin was made up of 40% silver and 60% copper. They were the last regularly-circulated U.S. coins to contain silver.
Each $1,000 face value clad bag includes 2,000 Kennedy half-dollars, which contain approximately 295 ounces of pure silver. You can hold or trade these bags in units...or the coins can be sold or traded off in smaller quantities, making them extremely liquid and convenient to buy and sell.
And, as with its "cousin"—the 90% silver bag—buying 40% silver clad bags is an ideal way to purchase silver without the higher premiums usually associated with one-ounce silver bullion coins like the Canadian Silver Maple Leaf or the U.S. Silver American Eagle. In fact, at certain times and under certain market conditions, you have actually been able to buy 40% silver clad bags at a discount to the purchase price of silver bullion, giving you more bang for the buck—more silver per dollar invested.
Call a Monex Account Representative today to discuss how a U.S. 40% silver clad bag investment could and possibly should become part of your investment portfolio.
Monex account representatives are available between 5:30 a.m. and 4:30 p.m. Pacific time each Monday through Friday (except national holidays) and on many weekends.
Contact us to learn more about how to buy 40% Junk Silver Bags and discover why Monex has been a trusted name in coin and bullion trading for more than 50 years.
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How much does a 40% U.S. Silver Coin Bag cost today?
The purchase price of the 40% U.S. Silver Coin Bags is at the Monex Ask price. In addition, there are charges such as commission and shipping. There is no shipping charge if you select depository delivery. Today's ask price for the silver coin bag is: $6,493.00.
How do I buy and receive 40% U.S. Silver Coin Bags?
Once you have decided on the type and quantity of silver coins to purchase, your Monex account representative will assist you in executing your order over the phone. Upon your acknowledgment, your selected purchase and silver price will be confirmed on a voice recorded line and a written confirmation will be sent to you with the details of your order.
Payment may be made after you order, but must be initiated on the day of purchase, which means you must mail or wire funds on the very same day of your transaction. You can have your metal shipped to your home, made available for pick-up at over 30 facilities across the U.S. and Canada, or have your metal delivered to a bank/depository for storage.
Is there a minimum number of 40% U.S. Silver Coin Bags I must purchase in one transaction?
Investors can start or add the 40% U.S. Silver Coin Bags to their portfolios with a minimum purchase of a single bag. Buying and selling silver in larger quantities, however, offers greater efficiency, which means better pricing for you. Monex selects only the most popular and liquid investment grade products, and buying more than one product at a time has historically proven beneficial over our extensive 50 years years of experience.
What are the silver contents of the coins in 40% U.S. Silver Coin Bags?
The 40% U.S. Silver Coin Bag consists of circulated silver-clad Kennedy half-dollars minted between 1965 and 1970 composed of an inner layer of 79% copper and 21% silver, and sandwiched or "clad" with an outer layer made up of 80% silver and 20% copper.
What forms of payment does Monex accept?
- Domestic Bank Wires: Funds acceptable upon receipt.
- Foreign Bank Wires of U.S. Funds: Acceptable upon bank verification.
- Bank Cashier's checks and Personal Checks: Accepted with a 5 - 10 day hold period and bank verification.
- Cash, credit cards, convenience checks, payment in foreign currency, ACH forms of payment, checks drawn on foreign banks, or cryptocurrencies are not accepted.