MIXED $10 BAG PRE 92.5% AUSSIE JUNK SILVER - eBay, Bullion, Coins. (end time 08-Nov-09 21:14:27 AEDST)


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MIXED $10 BAG PRE 92.5% AUSSIE JUNK SILVER

An honest batch of Commonwealth silver florins & shillings made of 92.5% 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 "pre" 1946 silver florins and shillings.

Pre silver. This term refers to the Imperial silver coins (threepences, sixpences shillings and florins) that were issued in Australia between 1910 and 1945. These coins were made with 92.50% (Sterling) silver - 1910 is the earliest date because that was the first year that the Australian Commonwealth Government issued silver coins. 1945 is the final date because the Commonwealth Government reduced the percentage of silver in Australian coins to 50% from 1946 onwards. Other countries in the British Commonwealth also issued coins in 925 silver - it's not unusual at all for these coins also to be found in bags of pre silver - they did circulate in Australia as well after all!

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 florin weighs approximately 11.31g and has an equivalent decimal face value of 20¢, the smaller coins are fractions of that.

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 pre silver coins contains approximately 523g in 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.

Thanks for your bid, we look forward to getting your item in the mail as soon as your payment's cleared. If you're bidding on more than one of our items, please hold off with your payment until the last one's finished and we'll organize combined shipping for you.

_gsrx_vers_307 (GS 5.3.6 (307))

00095

Postage and handling

Item location: Fremantle, Australia

Posting to: Worldwide

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Postage and handling	To	Service	Estimated delivery*
AU $8.00	Australia	Registered	2-7 business days after seller receives cleared payment

*The estimated delivery time is based on the seller's handling time, the shipping service selected, and when the seller receives cleared payment. Sellers are not responsible for postage service transit times. Transit times may vary, particularly during peak periods.

Domestic handling time	Postal insurance
Will usually post within 1 business day of receiving cleared payment.	Included (in the postage and handling cost)

Return policy

Item must be returned within	Refund will be given as	Return policy details
14 days after the buyer receives it	Exchange	If you are in any way dissatisfied with any item you purchase from us, simply return it at our expense and we’ll either provide you with a replacement or give you a prompt refund in full.
The seller is responsible for return shipping costs.

Refunds by law: In Australia, consumers have a legal right to obtain a refund from a business for goods purchased (but not at auction) if the goods are faulty, not fit for purpose or don't match description. More information at returns.

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Money order/Bank cheque	Accepted
Personal cheque	Accepted
Bank Deposit	Accepted	Not Available

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