dannyboy602
Well-Known Member
Coins have 90% silver here in the US if they were minted before 1965
Yes, I know that but that doesn't answer my question. Is that 90% .999 silver or sterling or something else? This is what I'm trying to find out. If a coin or bullion is made of something less than .999 pure silver, does it affect the price/value?Coins have 90% silver here in the US if they were minted before 1965
I think the .### refers to the % of silver in the coin? Like .999=99.9%, or .9=90%, or .720=72%. I could be wrong, I am most of the timeYes, I know that but that doesn't answer my question. Is that 90% .999 silver or sterling or something else? This is what I'm trying to find out. If a coin or bullion is made of something less than .999 pure silver, does it affect the price/value?
Since posting the last message, I have found some more coins here that are of .720 silver. Just want to know if these are priced accordingly to their actual silver content, are they a good buy?
BTW, I'm not in the US.
Yeah, sterling is 92.5% silver. Not bad at all.Is sterling, or .925 silver, a disadvantage when it comes to value? I have found some sterling coins here and the price is at spot or below according to actual silver content. I guess what I'm trying to ask is sterling as good of a buy as pure silver and if not, how much, 10%, 20%? I know pure is always going to be better but at the prices they are asking for the sterling, I am tempted.
Sorry dude, when only .02% of investable assets are used to Purchase silver tells me we aint in a mania, far far far far far from it.You have described what is sometimes called a mania. This one is driven by fear and greed. Nothing wrong with. Hard to see it when you are in it.
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Those old mexican Silver Peso coins are just as valuable, they contain real silver. I own quite a few of the 1944 cinco peso coins. Any decent dealer will buy them at market value of the silver contained in them.Yes, I know that but that doesn't answer my question. Is that 90% .999 silver or sterling or something else? This is what I'm trying to find out. If a coin or bullion is made of something less than .999 pure silver, does it affect the price/value?
Since posting the last message, I have found some more coins here that are of .720 silver. Just want to know if these are priced accordingly to their actual silver content, are they a good buy?
BTW, I'm not in the US.
Thanks ND. I knew you would understand.Those old mexican Silver Peso coins are just as valuable, they contain real silver. I own quite a few of the 1944 cinco peso coins. Any decent dealer will buy them at market value of the silver contained in them.
When demand does not meet supply they will.has any country ever used silver to back their currency?
Ever hear of gold plating in industry especially in high tech jobs? NASA? Hospitals?
and as far as demand from china and India. China is home to the largest silver supply in the world, dont think they really are going to demand ours.