Silver

Sam Colt

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Feb 22, 2012
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Austin
We would have but we are buying a freeze dryer so we will have to wait.

Great investment. .Just took 60 raw blended eggs out of ours. Put in trays of chicken curry. Prepping for deer season vittles.
 

perfor8

God, guns, and guts
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Dec 30, 2018
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Fort Worth
Face is the value of the coins relative to the value of the silver. If silver is $4/oz, face will be that or less... a $1000 face bag would cost ~$4000 and weigh about 54 pounds.

U.S. coin silver was about 90%.
I'm sorry, but this is incorrect.

Face value is simply the value of the coinage as represented by the coin, e.g. a dime is worth 10 U.S. cents.

When newly minted, $1000 face value of silver coinage contained 723 ounces of silver. (Therefore $1 face value - 4 quarters - contained .723 ounces of silver). Due to wear, a "bag" containing $1000 face value of junk silver coinage (e.g. 10,000 dimes, or 4,000 quarters) is today considered to contain 715 ounces (Troy) of silver. This arbitrary standard is used by convention to make transactions easier - all bags (meaning $1000 face value) of junk silver are assumed to contain 715 ounces of silver.

If silver is $4/oz., then a $1000 face bag (containing 715 oz. of silver by convention, 723 oz. of silver when minted) is worth $2860 (melt value).
 

TheDan

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Nov 11, 2008
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$21.44 this morning...
Normally I just buy a few 1oz rounds, but I ordered my first kilo bar. If it hits $18 I'll by a 100oz bar :cowboy:
 
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