Posted on March 28, 2010.
Investing in Silver - How to buy silver bullion coins in Spot How do you buy silver coins at a discount?
I'll tell you about a certain type of coins you can buy in the spot price of silver.
Yep. Below cost. The type of silver bullion that I speak are 90% silver coin bags.
You'll often hear 90% silver coin bags referred to as bags of junk silver . They are not really junk, though. This term is used simply to describe a bag of silver coins circulated in average condition. These coins are really only valued for their silver content, not their value to collectors.
Junk silver bags "contain parts that were minted in 1964 or earlier, as the Kennedy half silver dollars, Roosevelt Dimes and Washington quarters. They are composed of 90% silver. After 1964, the amount of silver contained in coins was reduced to 40%.
Here the clean side - the money bags containing 90% or dimes quarters can be purchased by distributors for as much as 1% under spot! It's like money in the sale! How cool is that?
Yes, the pieces will look worn, have nicks, scratches, and show their more than 40 years of age. However, keep in mind is what's inside that counts. And these "junk silver coins" will generally contain more than 99 percent of their silver content.
So who would you rather have? A new hit, pristine American Silver Eagle that costs 9% (at current prices) over spot? Or a bag of 90% silver coins that you can buy for 1% under support? If you buy the bags, you can get the money 10% more! Amazing, huh?
garbage bags money can buy "online easily one of the larger, reputable dealers or from your local store for coins of different sizes and denominations. Or, you can try one of the sites of sales Popular online auction savings even greater.