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$10 BAG POST 50% SIXPENCES-200 COINS-AUSSIE JUNK SILVER
An honest batch of 200 Australian silver sixpences made of 50% silver.
Several popular investment newsletter writers recommend that investors buy silver bars and “junk silver coins” as a hedge against economic & monetary uncertainty. Buying kilo bars of silver in Australia is easy enough – you just need to get in touch with the Perth Mint or the bullion dealer in your local Yellow Pages to get as many as you want. But many Australians have no idea what “junk silver coins” are, whether we have them in Australia and where can buy them.
“Junk silver coins” is a term used in North America to refer to bulk quantities of silver coins that were actually used as legal tender in the US prior to 1965, and are now traded in bulk for their silver value. The “junk” part of the name refers to the fact that these coins don't have any numismatic or collector value.
US dimes; quarters; dollars and half dollars struck before 1965 have a 90% pure silver content – many investors prefer buying silver this way because it's in a form that they know and trust. We've obviously never used dimes or quarters here in Australia – so what did we have? There are 3 basic types of “junk” silver coins here in Australia. This auction is for a $10 bag of "post" 1946 silver florins.
Post silver. This term refers to the Imperial silver coins (threepences, sixpences shillings and florins) that were issued in Australia between 1946 and 1964. These coins were made with 50.00% silver - 1946 is the earliest date because any Australian silver coins produced prior to that date have 92.50% silver in them, 1964 is the final date because that was the final year coins were produced before the introduction of decimal currency in 1966.
Pre silver and post silver coins are generally sold in small plastic bank change bags containing $10 face value in each bag. Keep in mind that each sixpence weighs approximately 2.83g and has an equivalent decimal face value of 5¢.
Using the figures above and some simple mathematics, you'll be able to see that there's basically $17.70 in face value of pre & post silver coins per kilo. That means that a $10 bag of post silver coins contains approximately 283g pure silver.
Just which type of “junk silver” coins you buy will depend entirely on your own personal preferences – just which you buy is entirely up to you – keep in mind that the best portfolio / holding of junk silver coins contains a wide range of coins, and not just one type.
Authenticity and grade guaranteed in writing, we are members of ANDA and are bound by a strict code of conduct. Full refund provided within 7 days of receipt if you are not 100% satisfied.
Postage includes full insurance coverage until you sign for it, don't hesitate to email with any questions, feel free to check my other listings for other Australian coins of this calibre.
Several popular investment newsletter writers recommend that investors buy silver bars and “junk silver coins” as a hedge against economic & monetary uncertainty. Buying kilo bars of silver in Australia is easy enough – you just need to get in touch with the Perth Mint or the bullion dealer in your local Yellow Pages to get as many as you want. But many Australians have no idea what “junk silver coins” are, whether we have them in Australia and where can buy them.
“Junk silver coins” is a term used in North America to refer to bulk quantities of silver coins that were actually used as legal tender in the US prior to 1965, and are now traded in bulk for their silver value. The “junk” part of the name refers to the fact that these coins don't have any numismatic or collector value.
US dimes; quarters; dollars and half dollars struck before 1965 have a 90% pure silver content – many investors prefer buying silver this way because it's in a form that they know and trust. We've obviously never used dimes or quarters here in Australia – so what did we have? There are 3 basic types of “junk” silver coins here in Australia. This auction is for a $10 bag of "post" 1946 silver florins.
Post silver. This term refers to the Imperial silver coins (threepences, sixpences shillings and florins) that were issued in Australia between 1946 and 1964. These coins were made with 50.00% silver - 1946 is the earliest date because any Australian silver coins produced prior to that date have 92.50% silver in them, 1964 is the final date because that was the final year coins were produced before the introduction of decimal currency in 1966.
Pre silver and post silver coins are generally sold in small plastic bank change bags containing $10 face value in each bag. Keep in mind that each sixpence weighs approximately 2.83g and has an equivalent decimal face value of 5¢.
Using the figures above and some simple mathematics, you'll be able to see that there's basically $17.70 in face value of pre & post silver coins per kilo. That means that a $10 bag of post silver coins contains approximately 283g pure silver.
Just which type of “junk silver” coins you buy will depend entirely on your own personal preferences – just which you buy is entirely up to you – keep in mind that the best portfolio / holding of junk silver coins contains a wide range of coins, and not just one type.
Authenticity and grade guaranteed in writing, we are members of ANDA and are bound by a strict code of conduct. Full refund provided within 7 days of receipt if you are not 100% satisfied.
Postage includes full insurance coverage until you sign for it, don't hesitate to email with any questions, feel free to check my other listings for other Australian coins of this calibre.
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