Title: "It's Been Nuts": Silver Surges Most Since Lehman Bankruptcy; Hits 7-Year High Over $30 Source:
[None] URL Source:https://www.zerohedge.com/commoditi ... uptcy-hits-7-year-high-over-30 Published:Feb 1, 2021 Author:Tyler Durden Post Date:2021-02-01 10:10:27 by Horse Keywords:None Views:456 Comments:4
"Last week’s events have shown it to be unwise to doubt the purchasing power of retail investors, and this has been sufficiently demonstrated again on the silver market,"
One ounce of 90% silver quarters is $1.25 face value. So 4 quarters is 80% of one ounce. But the silver content is a mere 90% which works out to one dollar face value having 72 % of an ounce of silver.
$1,000 face value of 90% junk silver is considered to be 715 troy oz. Perhaps uncirculated 90% silver would be 720 troy oz. I'm not certain of that but that might make sense because junk 90% silver has some wear and therefore would weigh a little less than uncirculated 90% silver.