If you have been keeping your eye on spot silver lately, you know that silver is having a nice run with a few 31 year highs. Today, silver was well into $43 and change before dropping back. The current spot price is $42.79 for a 30 day gain of $7.49 and one-year gain of $25.05 or 141.37%. Do I hear $45.00?
If you have read my previous posts, you know I am a fan of silver dimes - especially the Mercury dime. These are 90% silver thru 1964 and it takes about 14 silver dimes to make up one troy ounce of silver. Another silver coin I like and for you to consider is the Washington quarter (1932-1964). Each circulated coin contains .1788 troy ounces of silver and six quarters contain a little over one ounce of silver. You can buy them by the $10.00 (face value) roll or they have been a popular coin by the bag or partial bag. A full bag consists of $1000 face value coins which equals 4000 quarters - a little pricey in todays market. They can also be purchased in half-bags, quarter bags (1000 coins) or in lesser amounts. You can find out more about buying them by the bag at Junk Silver Bags.Coin dealers are having a heck of a time keeping silver in stock as customers are buying most everything silver and creating shortages. Here is an article that pretty much tells the story of coin shops across the U.S. You can read it here. There is a nice picture of 100 ounce silver bars which are hugely popular and subject to backorder at this time.
My last item is an article that tells about another launch of five-ounce silver bullion coins by the U. S. Mint later this month. These will honor the Gettysburg National Military Park in Pennsylvania and Glacier National Park in Montana. Let's hope this goes better than their 2010 America The Beautiful program. You can read all about it here.
Thanks for reading.
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