90% Silver U.S. Coin Bags
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90% Silver U.S. Coin Bags
Design and Specifications
In 1965, the U.S. discontinued minting dimes, quarters and half dollars with 90% silver content and switched to cheaper cupro-nickel coins with less intrinsic value. Today, pre-1965 U.S. 90% silver coins are rarely found in circulation. Although these coins are legal tender and can still be used to purchase goods and services, their actual value is based on the amount of pure silver they contain rather than their face value.
Monex proudly offers 90% silver coin bags consisting of either 4,000 U.S. quarters or 10,000 U.S. dimes dated 1964 or earlier. Each bag weighs approximately 800 troy ounces, or 54 pounds, and contains approximately 715 ounces of pure silver.
That is exactly what happened in the 1960's when Public Law 88-36 was passed and silver was eliminated as the underlying exchange for one and two dollar bills. In 1965, the U.S. government discontinued minting U.S. dimes, quarters and half dollars with a 90% silver content and switched instead to cheaper cupro-nickel coins with less intrinsic value.
As Gresham's Law predicted, bad money drove out the good, and pre-1965 silver coins quickly disappeared from circulation. One of the results of that situation was that a new industry dealing in the sale of silver coins to investors was born...and the first company to specialize in U.S. 90% silver coin investments was an early Monex Deposit Company predecessor.
Monex has grown considerably since those early days, but still continues to offer $1,000 face value bags of U.S. 90% silver coins.
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 simply unavailable with most other silver investments: No matter what happens to the price of silver, the value of your 90% silver bag will never 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 Monex at two to three percent below the purchase price of silver bullion, which enabled you to buy more silver per dollar than just about any other form of silver.
In addition, buying U.S. 90% silver coins offers you a convenient, transportable and divisible way to own silver. They are real money...you can spend the coins anywhere...and they will never be worth less than their face value.
Call a Monex Account Representative today to discuss how a U.S. 90% silver coin bag investment could and possibly should become part of your investment portfolio.
In addition to a built-in $1,000 face value guarantee, buying bags of silver coins provides investors with a convenient, transportable and divisible way to own silver. Call Monex today to learn more about how to add U.S. 90% silver coin bags to your 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.
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How much does a 90% U.S. Silver Coin Bags cost today?
The purchase price of the 90% 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: $18,966.00*.
What are the silver contents of the coins in 90% U.S. Silver Coin Bags?
The 90% U.S. Silver Coin Bags come stuffed with either 4,000 U.S. quarters or 10,000 U.S. dimes dated 1964 or earlier. Speak with a Monex account representative to discover more about the process of investing in silver coin bags and how you can claim a specific bag.
How do I buy and receive 90% 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 90% U.S. Silver Coin Bags I must purchase in one transaction?
Investors can start or add the 90% 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 forms of payment does Monex accept?
For purchasing silver bars and silver coins, Monex accepts the following forms of payment:
- 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.
