12DEC2011: The situation in Europe is becoming more volatile by the minute as policy makers struggle to agree on a bailout package that at the end of the day is nothing more than a short term fix and just kicks the “proverbial” can down the street a little farther. The problem with this strategy is that the can has become too big to kick. This becomes a major problem for the United States when the banks and financial institutions of Europe can no longer meet their financial obligations.
If the Bank of Greece is officially bankrupt it would have an immediate impact on Spain and Italy, which would be catastrophic for France. If this scenario unfolds, the consequences here for the American banks would be very grim at best. A worst case scenario would occur for the American banks with the highest amount of exposure to toxic foreign debt. These banks would be in immediate danger of default with the clientele suffering the brunt of the losses. Folks we are talking about some of the biggest banks on the planet, the ones you hear about being too big to fail, failing!
Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man.
Ronald Reagan
Value, safety, convenience, these are just a few of the first words that come to mind when the topic of 90% junk silver is mentioned. Prior to 1965, coins minted by the United States Mint contained 90 pure silver. A full bag of 90% junk silver is any combination of dimes, quarters, half dollars or dollars with $1000.00 “face value”. For example, 5000 90% silver dimes and 2000 90% silver quarters would be the equivalence of $1000.00 “face value”, and would be considered a full bag. Each full bag of 90% junk silver coins contains approximately 715 ounces of pure silver and weighs 56 lbs.
When you buy 90% junk silver coins, you have silver in a smaller increment that is easily recognized as money, and can still actually be used today anywhere in America as spendable currency. The premiums over the spot price for junk silver are low which makes it not only affordable but practical. If you like the advantage of owning silver bullion that is easy for trade and barter, buying junk silver is an excellent choice. When you decide to buy junk silver coins, you can purchase in the following increments: full bag $1,000 face value of junk silver coins, or a small bag $100 face value of junk silver coins.
90% Junk Silver Dimes
- Liberty Head (Barber):1892-1915 (.07234 oz. pure silver coin)
- Winged Liberty Head(Mercury): 1916-1945 (.07234 oz. pure silver coin)
- Roosevelt 1946-1964: (.07234oz. pure silver coin)
90% Junk Silver Quarters
- Liberty Head (Barber):1892-1916 (.18084 oz. pure silver coin)
- Standing Liberty: 1916-1930(.18084 oz. pure silver coin)
- Washington 1932, 1934-1964:(.18084 oz. pure silver coin)
90% Junk Silver Half Dollars
- Liberty Head (Barber):1892-1915 (.36169 oz. pure silver coin)
- Walking Liberty: 1916-1947(.36169 oz. pure silver coin)
- Franklin: 1948-1963 (.36169oz. pure silver coin)
- Kennedy: 1964 (.36169 oz.pure silver coin)
- Kennedy: (40% silver)1965-1970 (.209 oz. pure silver coin)
90% Junk Silver Dollars
- Morgan: 1878-1921 (.77344 oz.pure silver coin)
- Peace: 1921-1928 and1934-1935 (.77344 oz. pure silver coin)
For the rest of 2011, receive free shipping for any 90% junk silver bags you purchase when you mention this posting.
Scott Hage
President
Midwest Bullion Exchange, Inc.
