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Silver Stock Report "Since 1 ounce rounds, 10 ounce bars, and 100 ounce bars are getting very hard to find, and a 6-8 week delay is unacceptable, some of you may be considering buying 90% Silver, which are more available in places these days... So, I figured that some of my readers would like my experienced opinion on acquiring this kind of silver product. Some benefits: Easily divisible into small amounts, since they are already broken up into small amounts; they don't make this kind of silver anymore and it is very difficult to counterfeit..." (5/31/08)

ReportGold
TitleConsider Buying 90% Silver
Quote"Since 1 ounce rounds, 10 ounce bars, and 100 ounce bars are getting very hard to find, and a 6-8 week delay is unrealistically unacceptable, some of you may be considering buying 90% Silver, which are more available in places these days, especially, I hear, from www.fidelitrade.com. So, I figured that some of my readers would like my experienced opinion on acquiring this kind of silver product.

Definition: 90% US Silver Coins come in "bags" of $1000 face value, which consist of 10,000 dimes, or 4000 quarters, or 2000 half dollars. The coins were regularly minted, circulating U.S. silver coinage dating 1964 or earlier. Usually, a "bag" is split up into two or four actual canvas sacks to make it easier to carry. The coins exclude silver dollars, which are another product. The silver is 90% silver, the rest, the other 10% is copper, to help harden and toughen the coinage. There is 0.72 of an ounce of silver in each $1 face value, or 10 dimes, 4 quarters, or 2 half dollars, but the industry counts it as if it's .715 ounces, due to coin wear. A full $1000 bag weighs about 54.5 pounds. The most common form is quarters, about 70% of the time. 20% of the time, you get dimes, and 10%, half dollars. Seems that the dealers hold back the dimes and half dollars because they might be more interesting.

Benefits:

1. Easily divisible into small amounts, since they are already broken up into small amounts.2. As former U.S. circulating coinage, the risk of confiscation might be the lowest of all forms of silver.

3. They just don't make this kind of silver anymore!

4. This silver is very difficult to counterfeit -- once you get some, you will see how our modern coinage is so different, as today's coins are lighter, the metal looks different, and toda's coinage has the copper strip in the middle. Silver coinage also has that distinctive "ring" to it.

5. This silver has historical value and significance; as our forefathers worked a day's wage for these exact same silver dimes and quarters! It's amazing that you can get a silver dime for about $1.20 each, in bulk!..." (5/31/08)