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"One Man's Trash is Another man's Treasure" : WORST Junk Silver Quarters
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<p>[QUOTE="Juan Blanco, post: 1556921, member: 41665"](Noob poster here, and apologies to anyone put off by the gendered adage: open to all of course and thanks for contributing!)</p><p><br /></p><p>This is a somewhat odd <u>data</u> request: <b>Please feel free to post GRAM-WEIGHTS for any 'slicks' or VERY THIN Barbers, Standing Liberties and WORN Washington Quarters (all dates: 1892-1964.) </b>I want to know the weights of <i>the junkiest</i> of your "junk silver" Quarters. For a study, I am running a spreadsheet with dates, mintages, etc. <i>to estimate the TRUE average weight of a $1,000 Face Bag of Quarters.</i> <b>I am trying to calc average annual wear-rate, so most worn' $0.25 coin-weights for are BEST for my purpose. </b>Especially wanted: 1962-1964 'low weights' for Washington Quarters! </p><p><br /></p><p>Here's what I've started so far (Version 1), accurate weights will help me refined this. Thanks! </p><p> </p><p>1) 1967: A GSA 'Mint bag' $1,000 Face-Bag SILVER Quarters in the 1960s (detailed by Henry Merton in <u>The Big Silver Melt</u>, pp.67-9) was exclusively Washingtons at full or near full weight: 803.5 - 804 Troy Ounces <b>(720.- 723.5 Pure Ag)</b> </p><p>Reasonably, we may presume ~52% of those coins would be '1960s' ; also, ~68% of the bag would be uncirculated ; and at least 99% Full Weight (+6.25 grams) plus many 6.3 grams, etc. ... in other words, a true & full weight 4,000 Silver Quarter Mint bag.</p><p><br /></p><p>2) 1970: A bag of circulated SILVER Quarters in 1970 (same Wash mintages, for consistency) <i>but with average circulation-wear calc'd by year </i>should weigh (by my independent calculation) ~793-799 Troy Oz., or <b>713.5 -716. Oz. Pure Ag.</b> </p><p>That calculation IS what a typical/normal/expected/average $1k FB should have weighed around 1969. Not coincidentally, <i>Kiplinger's Personal Finance </i>presented this very factoid "about 715 ounces" in a May 1970 article: "Silver Coins: sell 'em or save 'em?" (I have no idea why everyone keeps repeating that weight 40 years later and for bags now chock full of underweight heavily-circulated "junk silver" coins!)</p><p><br /></p><p>3) A bag of MIXED SILVER Quarters (Washington & SLQs mintages adjusted, consistently) with now 'well-worn' coins might weigh (again, by my own calculation) as little as ~725 - 730 Troy Oz. Gross, or just ~ <b>654 Oz. Pure Ag. </b></p><p><b></b>Another website tests weight variance in real bags, comes to a similar conclusion and explains the '6 - 8 % Loss' : see <a href="http://about.ag/silverbags.htm" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://about.ag/silverbags.htm" rel="nofollow">http://about.ag/silverbags.htm</a></p><p><br /></p><p>Is it unclear, how & why bags are lighter? The repeatedly sorted FB is now<i> almost entirely</i> lowest-grade coins. It's no accident: dealers long ago removed the best-condition uncircs and most full-weights. In addition to <i>now worn </i>1960s Silver, the lighter 'salted' bags additionally include up to ~5.5% "slicks." Slicks are very thin Barbers and undatable SLQs, <i>8% - 17% underweight. </i>Especially bothersome, SLQs may be diminished to as little ~ 5.7 grams ... "Junk Silver," indeed. You are looking at a shortage of nearly 2 kilos of pure Ag on that purchase, worst case scenario.</p><p><br /></p><p>I have no idea how low 'the typical bag' of $1k Junk Silver now goes, but just as the eBay peddlers of well-worn Washington Quarters ("6.25 grams") are <ahem> not accurate, LCS should present true weights for every FB bag they sell. </p><p><br /></p><p>To understand the vendor's premium on "junk silver" might be close to 12%. Look at The WSJ Spot Price for $1 FBs ( <a href="http://online.wsj.com/mdc/public/page/2_3023-cashprices.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://online.wsj.com/mdc/public/page/2_3023-cashprices.html" rel="nofollow">http://online.wsj.com/mdc/public/page/2_3023-cashprices.html</a> ) In this egregious example, buying uncirculated .999 Ag coins might be cheaper ... but hey, you get what you pay for! If you want to buy junk Ag <i>by weight </i>and you're happy with a readily-known, honestly explained premium from your LCS that's fine for all parties too. </p><p><br /></p><p><b>Thanks for posting your <u>most worn</u> (90/10 Ag-Cu) Quarter dates & weights</b>, very much appreciated![/QUOTE]</p><p><br /></p>
[QUOTE="Juan Blanco, post: 1556921, member: 41665"](Noob poster here, and apologies to anyone put off by the gendered adage: open to all of course and thanks for contributing!) This is a somewhat odd [U]data[/U] request: [B]Please feel free to post GRAM-WEIGHTS for any 'slicks' or VERY THIN Barbers, Standing Liberties and WORN Washington Quarters (all dates: 1892-1964.) [/B]I want to know the weights of [I]the junkiest[/I] of your "junk silver" Quarters. For a study, I am running a spreadsheet with dates, mintages, etc. [I]to estimate the TRUE average weight of a $1,000 Face Bag of Quarters.[/I] [B]I am trying to calc average annual wear-rate, so most worn' $0.25 coin-weights for are BEST for my purpose. [/B]Especially wanted: 1962-1964 'low weights' for Washington Quarters! Here's what I've started so far (Version 1), accurate weights will help me refined this. Thanks! 1) 1967: A GSA 'Mint bag' $1,000 Face-Bag SILVER Quarters in the 1960s (detailed by Henry Merton in [U]The Big Silver Melt[/U], pp.67-9) was exclusively Washingtons at full or near full weight: 803.5 - 804 Troy Ounces [B](720.- 723.5 Pure Ag)[/B] Reasonably, we may presume ~52% of those coins would be '1960s' ; also, ~68% of the bag would be uncirculated ; and at least 99% Full Weight (+6.25 grams) plus many 6.3 grams, etc. ... in other words, a true & full weight 4,000 Silver Quarter Mint bag. 2) 1970: A bag of circulated SILVER Quarters in 1970 (same Wash mintages, for consistency) [I]but with average circulation-wear calc'd by year [/I]should weigh (by my independent calculation) ~793-799 Troy Oz., or [B]713.5 -716. Oz. Pure Ag.[/B] That calculation IS what a typical/normal/expected/average $1k FB should have weighed around 1969. Not coincidentally, [I]Kiplinger's Personal Finance [/I]presented this very factoid "about 715 ounces" in a May 1970 article: "Silver Coins: sell 'em or save 'em?" (I have no idea why everyone keeps repeating that weight 40 years later and for bags now chock full of underweight heavily-circulated "junk silver" coins!) 3) A bag of MIXED SILVER Quarters (Washington & SLQs mintages adjusted, consistently) with now 'well-worn' coins might weigh (again, by my own calculation) as little as ~725 - 730 Troy Oz. Gross, or just ~ [B]654 Oz. Pure Ag. [/B]Another website tests weight variance in real bags, comes to a similar conclusion and explains the '6 - 8 % Loss' : see [URL]http://about.ag/silverbags.htm[/URL] Is it unclear, how & why bags are lighter? The repeatedly sorted FB is now[I] almost entirely[/I] lowest-grade coins. It's no accident: dealers long ago removed the best-condition uncircs and most full-weights. In addition to [I]now worn [/I]1960s Silver, the lighter 'salted' bags additionally include up to ~5.5% "slicks." Slicks are very thin Barbers and undatable SLQs, [I]8% - 17% underweight. [/I]Especially bothersome, SLQs may be diminished to as little ~ 5.7 grams ... "Junk Silver," indeed. You are looking at a shortage of nearly 2 kilos of pure Ag on that purchase, worst case scenario. I have no idea how low 'the typical bag' of $1k Junk Silver now goes, but just as the eBay peddlers of well-worn Washington Quarters ("6.25 grams") are <ahem> not accurate, LCS should present true weights for every FB bag they sell. To understand the vendor's premium on "junk silver" might be close to 12%. Look at The WSJ Spot Price for $1 FBs ( [URL]http://online.wsj.com/mdc/public/page/2_3023-cashprices.html[/URL] ) In this egregious example, buying uncirculated .999 Ag coins might be cheaper ... but hey, you get what you pay for! If you want to buy junk Ag [I]by weight [/I]and you're happy with a readily-known, honestly explained premium from your LCS that's fine for all parties too. [B]Thanks for posting your [U]most worn[/U] (90/10 Ag-Cu) Quarter dates & weights[/B], very much appreciated![/QUOTE]
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"One Man's Trash is Another man's Treasure" : WORST Junk Silver Quarters
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