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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: 64
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,"

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#1. To: All (#0)

90% Silver Coins - $10 Face Value Roll $270.34

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.

Horse  posted on  2021-02-01   10:18:53 ET  Reply   Untrace   Trace   Private Reply  


#2. To: Horse (#1) (Edited)

$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.

DWornock  posted on  2021-02-01   17:32:10 ET  Reply   Untrace   Trace   Private Reply  


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