90% Junk Silver Coins are still official US currency and thus can be used as a means of legal tender face value payment yet it is often saved and held for the long term given the silver bullion value contained within them.
Old US silver coins were once commonplace and formally part of our nation’s standard circulation coinage. Beginning from the signing of the 1792 Coinage Act continuing until silver was formally removed from large circulation coin strikes by the 1965 Coinage Act.
In the modern silver bullion coin industry, older once circulated silver coins are often sold in ‘face bags’ which measure the total ’legal tender’ face value each bag contains. Therefore, a $25 Face Bag could contain 100 silver quarters or 250 dimes or a combination of both quarters and dimes.
Regardless, you are guaranteed $25 in Face Value when you purchase this which equals approximately 17.88 ounces of pure Silver.
This is perhaps the best piece that I have read that describes in a logical and understandable sense the creation of the “Debt Bubble”. One of the worst destruction’s of our sovereign wealth that I can think of.