Junk Silver » Junk Silver Bags
Junk Silver Bags
Junk silver coins are typically sold in bags. The reason is that because of their circulated condition, there's no particular need to protect each individual coin. They are being sold primarily for their precious metal content.
Junk silver bags sold by major dealers typically contain between $1000 and $10,000 in face value. A $1000 face value junk silver bag will weigh approximately 55 pounds. For 90% silver coins, such a bag will contain about 718-720 ounces of silver.
For many investors, that much silver is more than they'd like to purchase. Ebay is a good place to find smaller junk silver bags. In addition to US coins, you can find bags of junk silver coins from all over the world on Ebay. Canada and Australia are two common sources, and Chinese junk silver coins can occasionally be found as well.
If you keep a close eye on the price of silver, you can often find bargains on Ebay. You can sometimes even pick up junk silver for less than its meltdown value, although most often the coins trade at a modest premium. Just be sure to check the coins you receive to ensure that their issues have the silver content claimed by the seller, especially when dealing with overseas issues.
Another advantage to purchasing on Ebay is the ability to buy many different types of silver coins for the same investment amount. Because premiums over melt value fluctuate from coin to coin, it pays to diversify, as with any other investment.
Junk Silver Bags on Ebay
