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- - why are they called 90% (http://goldismoney.info/forums/showthread.php?t=132614)

Nuggethunter | 05-01-2007 10:32 PM
why are they called 90% Junk silver; 90%? Its not 90%, its 72.2% silver. I cant wrap my mind around it. I know its easy, but Im slow. I'm looking for equations that explain 90% angle. Theres 715 oz's in a 1000 oz bag of junk. ??90%??!! WHATS 90% ABOUT IT? I know its right under my nose...... but gonna buy a Morgan SDollar and triein to figure FAST........ THANKS IN ADVANCE NUGGET, (I heard Scorpio got banned for 2 weeks!!!) ( He had it coming)

lhslancers | 05-01-2007 10:41 PM
Re: why are they called 90% $1000 face value in the bag. Coins are 90% Silver.:coo_mal:

Nuggethunter | 05-01-2007 10:53 PM
Re: why are they called 90% Thanks lhslancers for the input. Where is my thinking going wrong; $1000 face Junk; theres 90% silver in $1.00 face junk right? Therefore ; a 1000$ face bag of junk is 90%, thus; 900 ounces of silver in a bag? Thats not right. so I would guess, junk dosent weigh 90% 1 ounce pure silver and the 10% other metals. Ive been on this for 2 days. Im not playin around.

Nuggethunter | 05-01-2007 10:55 PM
Re: why are they called 90% Quote:
Originally Posted by lhslancers (Post 592903) $1000 face value in the bag. Coins are 90% Silver.:coo_mal:
90% of what weight? Maybe that is where Im goin astray. 90% of 90%? Im gonna bust thru this............

lhslancers | 05-01-2007 11:46 PM
Re: why are they called 90% Quote:
Originally Posted by Nuggethunter (Post 592924) 90% of what weight? Maybe that is where Im goin astray. 90% of 90%? Im gonna bust thru this............
Each coin contains 90% Silver.

lhslancers | 05-01-2007 11:49 PM
Re: why are they called 90% Quote:
Originally Posted by Nuggethunter (Post 592921) Thanks lhslancers for the input. Where is my thinking going wrong; $1000 face Junk; theres 90% silver in $1.00 face junk right? Therefore ; a 1000$ face bag of junk is 90%, thus; 900 ounces of silver in a bag? Thats not right. so I would guess, junk dosent weigh 90% 1 ounce pure silver and the 10% other metals. Ive been on this for 2 days. Im not playin around.
Here's the deal. When the coins were first minted $1000 of whatever dimes quarters or halves weighed 725 ounces. Due to wear they are sold for 715 ounces by most every dealer. The coins contain 90% silver and 10% copper.

sliver | 05-02-2007 12:02 AM
Re: why are they called 90% $1 not equal 1 oz. ..Hulk do math

lhslancers | 05-02-2007 12:15 AM
Re: why are they called 90% 1 Attachment(s) Quote:
Originally Posted by sliver (Post 593000) $1 not equal 1 oz. ..Hulk do math
Who's on first?

Nuggethunter | 05-02-2007 04:34 AM
Re: why are they called 90% Quote:
Originally Posted by lhslancers (Post 593015) Who's on first?
:signs8: , good one Il... 90% silver, 10% copper... got it... .72 whatever oz of silver in 1 dollar face Why did Henry Ford say thinking is the hardest work.... OK ya....

Highbanker | 05-02-2007 12:29 PM
Re: why are they called 90% Quote:
Originally Posted by Nuggethunter (Post 593266) :signs8: , good one Il... 90% silver, 10% copper... got it... .72 whatever oz of silver in 1 dollar face Why did Henry Ford say thinking is the hardest work.... OK ya....
Nugget- check out www.coinflation.com Its a great site and breaks down the 90% question very clearly. I've been buying physical for some time now but had a hard time getting my mind wrapped around the $face vs. weight of silver thing for 90%. When minted, 90% US pre-1965 coins contained approx 724 oz pure silver per 1000 face. It is generally accepted that "junk" 90%, that is, worn, circulated coins will still contain at least 715 oz pure silver. This is what most dealers recognize and base price on. This is for dimes, quarters and halves. Peace dollars weigh slightly more than 10 dimes, four quarters or two halves. I don't know why this is but it is. "junk" silver usually refers to dimes, quarters and halves, all of which are made from the same 90% alloy and contain, at mint, the same amount of pure silver per $ face.

Nuggethunter | 05-02-2007 01:13 PM
Re: why are they called 90% Thanks...... Hybanker; wana go dredgin? Thanks for the coin flation link.....

naccarato | 05-02-2007 08:03 PM
Re: why are they called 90% http://www.jlisigns.com/upload/CP2/Joe/IMGP2496.jpg These baby's make thinking so much easier. 10 x spot = price.

Ardent Listener | 05-02-2007 08:09 PM
Re: why are they called 90% Quote:
Originally Posted by lhslancers (Post 593015) Who's on first?
:clap2: :laugh_m: :bear_laugh:

mozkill | 05-02-2007 08:25 PM
Re: why are they called 90% its 90% by weight and 71.5% by ounces/dollar or .715 ounces per dollar.

naccarato | 05-02-2007 08:36 PM
Re: why are they called 90% Did I do this right? a '64 or earlier quarter has .17875 troy ounces of 999 Silver bullion in it ?

Highbanker | 05-03-2007 01:03 PM
Re: why are they called 90% I believe so naccarato. .1808 at mint, but at the accepted wear rate .17875 (thats .715 per $ face). Uncirculated quarters would be .1808, but all you will probably get at sale is the accepted .715 per $ face X POS.

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