90 and 40 Percent Silver

90 and 40 Percent Silver


While the extreme vast majority of dealers across the nation sell 90% silver at a 25% to 30% premium, LOW COUNTRY COINS only charges a 20% premium above SPOT (Stock Market) value. The 20% is variable and is typically 2% less than the largest precious metals companies would pay you for it. This is also 6 to 8% below what they sell it to the public for. Why? By selling directly to the public you save me the registered mail shipping and insurance charges commensurate with heavy packaging.

SPOT x 0.715 = Intrinsic silver value of $1.00 face value of 90% silver.

Your cost would be SPOT x 0.715 x 1.25 x Face Value of the coins being purchased.

At LOW COUNTRY COINS that is all you pay if paying by cash or debit.

For example, assuming silver SPOT is $15.00, a $10.00 face value bag of 90% silver costs: $15.00 x 0.715 x 1.25 x $10.00 = $128.70

One dollar face value of 1964 or older coins (10 dimes, 4 quarters, 2 halves or any combination equal to $1.00 face value) has 0.715 troy ounces of actual silver weight by federal minting standards.

Why not American Silver Eagles, Canadian Silver Maple Leafs or silver bars/rounds or even the 1965-1970 40% silver halves?

So while Silver Eagles and Maple Leafs also carry a numismatic premium, the 30% buy-in for them far exceeds the 15% buy-in for the exact same silver (by actual silver weight) in 90% coinage.  Similarly, the same goes for common silver bars/rounds which are typically $3.00 per ounce above Spot resulting in a 20% premium.  Additionally, they won’t carry any numismatic premium above their intrinsic metal value.  40% silver halves are sold at spot with NO PREMIUM.  This is due to the lower silver percentage and higher cost to extract (melt out) the silver.  Thus, when it comes time to sell them you should expect 15-20% less.

Due to the ‘misunderstood’ high demand for ASE’s and CSML’s, they typically sell for $4.50 to $5.00 over spot.  With Spot at $15.00, this means you are paying at least a 30% premium, twice that of 90% bullion coinage.  Yes, they command a hefty numismatic premium for some early dates.  And yes, even the more current dates will likely command higher premiums as the years go by.  However, the numismatic premiums for much of the older 90% coinage (Mercury Dimes, Barber Dimes, Early Washington Quarters and all Standing Liberty Quarters, Walking Liberty Halves and Barber Halves) is more than twice that of all but the 1996 Silver Eagle and the gains on those premiums even outpace the 1996 Silver Eagle.