Circulating 90% Silver............
relicsncoins
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How much space do you think the 90% silver coins that on any given day are in (as in now) circulation, in tills, vending machines, pockets etc?
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This sounds like one for Cladking. I don't think anybody can know with any certainty, but some might make more educated guesses.
My WAG? Maybe something like .01%. One percent of one percent, in other words. That's just a completely uneducated WAG, of course. Factoring in the lower-silver content War nickels and 40% halves, too.
Now, if you were to add the silver that's buried in the ground and still lost, that would be an interesting statistic. Add the amount that's lying around as yet undiscovered on the bottom of the oceans in US territorial waters alone, and you've got another interesting but unknowable statistic.
I think the economy put more into circulation.
I think the economy brought out more silver hunters as well.
I would guess the number circulating is tiny.
Most was pulled in the late 60's into the 70's probably.
LBJ said the new clad will circulate along with silver, it didn't for long.
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2 40% Kennedys
4 90% Washingtons
12 90% Roosevelts
Plus a ton of wheats, 1 IHC, and a 1934 $5 Silver certificate
EDIT and a ton of pre 64 Jeffs, including 2 wartime
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I used to work in Jamaica, Queens, and I used to talk coins with the guy who owned the deli across the street from my job, who was from the Middle East but had an interest in US currency. We began talking one day after I told him to keep my penny's change unless it was a "wheat" cent, and of course I figured this guy from Jordan would have no idea what I was talking about, but to my surprise he did. So after a few days, he hands me a coffee can three quarters full with silver (90%) dimes, quarters, even a few half dollars and a Peace dollar, and he tells me to count it out at work and come back and pay him in dollars for whatever the amount in the can was...I told him that silver was worth more than face value, but he told me he wanted only face value, so I counted it out and it was about $30.00 in face value, and I tried to give him at least $60.00, but he wouldn't take it. Needless to say, I went to his store every day after that for my buttered roll and juice, and he'd give me whatever wheat cents and silver coins he had pulled from the register, even a 1934-A $100 note that I bought again for face value. He left the U.S. to go back to Jordan a few weeks before I transferred to a different location, but that was a terrific find, even if it wasn't technically in "circulation."
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
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<< <i>I'm not talking about what percent, I'm talking about the space they take up. For example let's say there is 10 billion dollars in dimes, quarters and halves circulating on any given day. Even if only .000001 of that was silver coins, that is sill 10,000 dollars in silver coins circulating on any given day. How much space does 10,000 dollars in coins take up. >>
I'll try to answer the OP!
10,000 dollars face silver = 10 'bags' of silver commonly sold at APMEX, etc, which are 715 oz each IIRC, quick math says ~44/45 lbs of silver each. So, depending on if upstairs or downstairs, one corner of your room up to the ceiling should do it.