Deal: Modern 90pct silver coins

[pmbug]

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.

...

https://monumentmetals.com/90-silver-modern-1-face-value.html

Apparently these are selling with a lower premium that pre-65 90% silver.

 

[KnowWhy]

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

 

[CopperSilverGold]

I have seen these offered at coin shows at the same price as junk silver. They go pretty quickly, though.

 

[nickndfl]

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.

 

[Ttazzman]

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

 

[nickndfl]

At this point buy anything and the price will be higher in 1-yr. The race is on and place your bets.