Deal: Modern 90pct silver coins

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Many people believe the U.S. Mint stopped issuing 90% silver coins in 1964. While this is true for business strikes (i.e. coins make for circulation), the U.S. Mint continues to strike 90% silver for collectors. These coins are issued in proof sets at high premiums, but we were able to buy some at a premium close to melt. These modern coins are struck in 90% silver and have the exact same content as pre-1965 "junk" silver coins. If anything, these are in much better condition and are harder to find!

Highlights of these coins:
  • Legal tender coinage produced by the US Mint
  • Comprised of 90% silver, 10% copper; each dollar of face value contains about .72 troy ounces of silver.
  • These coins are NOT minted 1964 or before. They are modern proof silver issues from the U.S. Mint.
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Apparently these are selling with a lower premium that pre-65 90% silver.
 
Buy them as proof sets on secondary market. Often under the current spot on the bay. They hover around $40/set with dealers selling multiple sets in lots under or very close to spot.
Current melt of silver plus the $1.06 of base metal coins makes 1999-2004 sets $39.33. Newer sets might have more dollar coins, or an extra nickel or quarter.
Since they are “collectible” they don’t track with spot always
 
I have seen these offered at coin shows at the same price as junk silver. They go pretty quickly, though.
 
Modern USA gold commerative medals that are 90% au + 10% cu usually had the lowest premiums until recently which are currently krugerrands, 100 coronas and sovereigns.

The US mint makes a lot of dogs if proofs are going for scrap. Don't get me started, but they really did a poor job of lobbying congress about the metal composition of new Morgans and Peace dollars. They should have been 90% instead of .999, but I understand other factors such as blanks and whatnot.
 
While I have some of the modern 90% ....it just isn't attractive to me as a silver product or as recognizable as the pre 64 circulated
 
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nickndfl said:
Monument has 1/2 oz Canadian Polar Bears for spot + $0.99/oz.
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i have been picking up very small lots of PT ....i havent mentally adjusted to buying the mid-30s silver price yet and gold (2600+) is really a mental block for me right now, but its also hard for me to increase in hand cash ...LOL.....im fighting a urge to sell gold but dont know what i would do with the cash
 
I maxed out on Ag & Pt this year. Pt represents about (8%) of my PM portfolio and will reduce with future gold buying unless Pt spikes. I only buy the silver (12%) spot deals on gold buying dips.

When I buy gold I usually buy a piece at spot like a krugerrand or 100 corona in addition to a sale item fractional or pre-1933.

i would only buy platinum if 1oz coins were < $950 and doubt I would add there. I would probably add 1/4 oz gold and $10 pre-1933.
 
nickndfl said:
I maxed out on Ag & Pt this year. Pt represents about (8%) of my PM portfolio and will reduce with future gold buying unless Pt spikes. I only buy the silver (12%) spot deals on gold buying dips.

When I buy gold I usually buy a piece at spot like a krugerrand or 100 corona in addition to a sale item fractional or pre-1933.

i would only buy platinum if 1oz coins were < $950 and doubt I would add there. I would probably add 1/4 oz gold and $10 pre-1933.
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Your percentage of pt is a lot more than mine....I am basicly 50/50 ag/au values....then pt is about 2% of (au+ag) values....my basic premise for years has been to buy pt only under 1k which is pretty hard to do... patience is a good thing......gotta toss in my 1% pl also lol
 
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I was buying PT between $950 - $1100 retail. It was $1200 spot not that long ago. I think sub-$1500 pt will be a distant memory in the near future. I never purchased any palladium although it looks very interesting in coin form.
 
nickndfl said:
I was buying PT between $950 - $1100 retail. It was $1200 spot not that long ago. I think sub-$1500 pt will be a distant memory in the near future. I never purchased any palladium although it looks very interesting in coin form.
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I purchased pl yrs ago at around 600 out of pure borebom...intended to sell it when pl was way up, but due to tax implications it didn't make sense, pl is hard to sell off the grid vs au,ag,pt
 
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