Thoughts on Canadian "junk" silver

Discussion in 'Bullion Investing' started by alucard86, Jul 17, 2019.

  1. Histman

    Histman Too Many Coins, Not Enough Time!

    Well, like everybody else here, if we bought this stuff to get rich we've already started down the wrong path. :)
     
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  3. Collecting Nut

    Collecting Nut Borderline Hoarder

    I don't buy coins or silver to get rich, I buy them for my personal enjoyment. :)
     
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  4. Dillan

    Dillan The sky is the limit ! Supporter

    The problem with dimes is the weight . Does anyone happen to know off hand how many 90% dimes it takes to make an ounce of silver. I guess I could figure it out , but thought some of you probably know and save me the time. Dillan
     
  5. myownprivy

    myownprivy Well-Known Member

    Oh, I see you're Canadian. About $1.40 of face value US junk is 1 oz. So in the case of dimes, about 14.

    $1 face value is .715 ounces of actual silver weight.
     
  6. Dillan

    Dillan The sky is the limit ! Supporter

    Actually that's not as many as I figured. I did go look it up and yes your absolutely correct 14 dimes @ 90% = 1 0z of silver . I never asked anyone or looked it up before . That is really not too bad at all . I have a fair amount of dimes , but most are still in the package from the 60s and some 50s . @myownprivy Thanks you for your help!! Dillan
     
  7. Collecting Nut

    Collecting Nut Borderline Hoarder

    A 90% dime contains .07234 ounces of silver. Do the math. The weight of US silver in coins is in the RS Yeoman Red Book. Hopefully you have one in Canada.
     
  8. alucard86

    alucard86 Active Member

    Of the Canadian silver I'll buy some 80% dollars. Though the half dollars, quarters and dimes are cheaper than the US coinage I feel if silver was to go up the buy back wont be worth it. But at least with the dollar coins it would be cheaper than morgans and peace and the buy back should be worth it if I need to sell seeing how I'm getting them for spot.
     
  9. Dillan

    Dillan The sky is the limit ! Supporter

    To be honest I never really paid that much attention to collecting coins for the silver content. I still like all the coins that have the higher percentage of silver in them. The silver coins have that special feel and look to them. That is the reason I do not buy very much from 64 and on for the US , and past 68 and on for the Canadian . Maybe a few of the 40% coins also but not many . Dillan
     
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