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State Quarter Silver Proof cheaper than junk silver

BearlyHereBearlyHere Posts: 261 ✭✭✭✭

https://monumentmetals.com/90-silver-modern-1-face-value.html

I've ordered these several times and have been sent a roll silver proof state quarters. This per $1 face value is cheaper than any junk silver I've seen both on their site and on others. Since they are proof, they haven't lost any silver from wear.

Highlights of these coins:
These coins are NOT minted 1964 or before. They are modern proof silver issues from the U.S. Mint.
Packaged in vinyl flips for purchases of $1 Face Value. Packaged in convenient tubes for purchases of $10 Face Value and bags for larger quantities.
You may receive all of one denomination of coins or a mixture.

Comments

  • BearlyHereBearlyHere Posts: 261 ✭✭✭✭

    Well, my 6th order came back different...I got 20 of these

  • dcarrdcarr Posts: 7,905 ✭✭✭✭✭
    edited July 1, 2023 9:05AM

    @BearlyHere said:
    https://monumentmetals.com/90-silver-modern-1-face-value.html

    I've ordered these several times and have been sent a roll silver proof state quarters. This per $1 face value is cheaper than any junk silver I've seen both on their site and on others. Since they are proof, they haven't lost any silver from wear.

    Highlights of these coins:
    These coins are NOT minted 1964 or before. They are modern proof silver issues from the U.S. Mint.
    Packaged in vinyl flips for purchases of $1 Face Value. Packaged in convenient tubes for purchases of $10 Face Value and bags for larger quantities.
    You may receive all of one denomination of coins or a mixture.

    .

    Post-1964 90% silver proof coin, minted from 1992 to present, is a pretty good deal. No loss of metal from circulation, as you pointed out. But there is one aspect of it to be a little bit wary of.

    1964 and earlier coinage can be verified as to the silver content by the date and the overall authenticity of the coins.

    However, all of the 1992 and newer S-mint proof dimes, quarters, and halfs exist in both the silver and copper-nickel clad versions. If a 1992 or later copper-nickel clad proof was silver-plated, there would be no visible way to tell it apart from a genuine 90% silver version. A thin plating of silver would not generally affect the proof finish at all. Testing would be required to verify the content. Fortunately, the 90% silver coins weigh 25 grams per $1 face value and the copper-nickel clad coins weigh 22.5 to 23.0 grams per $1 face value. So that is a simple method for testing (but a tedious task for a lot of coins).

    No such issue with the 1982 Washington half dollars since they were only minted in 90% silver.

    .

  • HigashiyamaHigashiyama Posts: 2,133 ✭✭✭✭✭

    @BearlyHere:

    Wow, that’s a cool way to accumulate silver!

    Higashiyama
  • BearlyHereBearlyHere Posts: 261 ✭✭✭✭

    @dcarr said:

    @BearlyHere said:
    https://monumentmetals.com/90-silver-modern-1-face-value.html

    I've ordered these several times and have been sent a roll silver proof state quarters. This per $1 face value is cheaper than any junk silver I've seen both on their site and on others. Since they are proof, they haven't lost any silver from wear.

    Highlights of these coins:
    These coins are NOT minted 1964 or before. They are modern proof silver issues from the U.S. Mint.
    Packaged in vinyl flips for purchases of $1 Face Value. Packaged in convenient tubes for purchases of $10 Face Value and bags for larger quantities.
    You may receive all of one denomination of coins or a mixture.

    .

    Post-1964 90% silver proof coin, minted from 1992 to present, is a pretty good deal. No loss of metal from circulation, as you pointed out. But there is one aspect of it to be a little bit wary of.

    1964 and earlier coinage can be verified as to the silver content by the date and the overall authenticity of the coins.

    However, all of the 1992 and newer S-mint proof dimes, quarters, and halfs exist in both the silver and copper-nickel clad versions. If a 1992 or later copper-nickel clad proof was silver-plated, there would be no visible way to tell it apart from a genuine 90% silver version. A thin plating of silver would not generally affect the proof finish at all. Testing would be required to verify the content. Fortunately, the 90% silver coins weigh 25 grams per $1 face value and the copper-nickel clad coins weigh 22.5 to 23.0 grams per $1 face value. So that is a simple method for testing (but a tedious task for a lot of coins).

    No such issue with the 1982 Washington half dollars since they were only minted in 90% silver.

    .

    If I was buying from Ebay, I would be more circumspect. But I have been regularly purchasing bullion from Monument Metals since Feb. 2021. I don't think they would risk their business to save a few bucks. If you read their reviews, the only knocks against them are for lost or delayed orders. None are for poor quality or false advertisement. My only issue with them is that sometimes they combine my orders which increases the shipment over $1000, which forces me to sign for them.

  • dcarrdcarr Posts: 7,905 ✭✭✭✭✭

    @BearlyHere said:

    @dcarr said:

    @BearlyHere said:
    https://monumentmetals.com/90-silver-modern-1-face-value.html

    I've ordered these several times and have been sent a roll silver proof state quarters. This per $1 face value is cheaper than any junk silver I've seen both on their site and on others. Since they are proof, they haven't lost any silver from wear.

    Highlights of these coins:
    These coins are NOT minted 1964 or before. They are modern proof silver issues from the U.S. Mint.
    Packaged in vinyl flips for purchases of $1 Face Value. Packaged in convenient tubes for purchases of $10 Face Value and bags for larger quantities.
    You may receive all of one denomination of coins or a mixture.

    .

    Post-1964 90% silver proof coin, minted from 1992 to present, is a pretty good deal. No loss of metal from circulation, as you pointed out. But there is one aspect of it to be a little bit wary of.

    1964 and earlier coinage can be verified as to the silver content by the date and the overall authenticity of the coins.

    However, all of the 1992 and newer S-mint proof dimes, quarters, and halfs exist in both the silver and copper-nickel clad versions. If a 1992 or later copper-nickel clad proof was silver-plated, there would be no visible way to tell it apart from a genuine 90% silver version. A thin plating of silver would not generally affect the proof finish at all. Testing would be required to verify the content. Fortunately, the 90% silver coins weigh 25 grams per $1 face value and the copper-nickel clad coins weigh 22.5 to 23.0 grams per $1 face value. So that is a simple method for testing (but a tedious task for a lot of coins).

    No such issue with the 1982 Washington half dollars since they were only minted in 90% silver.

    .

    If I was buying from Ebay, I would be more circumspect. But I have been regularly purchasing bullion from Monument Metals since Feb. 2021. I don't think they would risk their business to save a few bucks. If you read their reviews, the only knocks against them are for lost or delayed orders. None are for poor quality or false advertisement. My only issue with them is that sometimes they combine my orders which increases the shipment over $1000, which forces me to sign for them.

    It is unlikely, but any dealer is susceptible to buying plated silver and unknowingly re-selling it as 90% silver.

  • inkdiverinkdiver Posts: 54 ✭✭

    I'd buy those.

  • BearlyHereBearlyHere Posts: 261 ✭✭✭✭

    Back to proof state and atb quarters the last 2 orders

  • BearlyHereBearlyHere Posts: 261 ✭✭✭✭
    edited July 21, 2023 6:52AM

    By the way, if you didn't already know, the mint has only made 2 modern (since the 50s) half dollar commemorative coins in 90% silver. The first modern commemorative was the Washington

    and Madison

    All the rest are clad.

  • HigashiyamaHigashiyama Posts: 2,133 ✭✭✭✭✭

    I had forgotten that the 1993 Madison was silver. If it had been a quiz question, I would have failed that one.

    Higashiyama
  • CoinHoarderCoinHoarder Posts: 2,388 ✭✭✭✭✭

    Picked these silver quarter sets up today at my LCS for $20.00 each.

    That’s 16 X face.

    Didn’t even hesitate. Snapped em right up. :)

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