What you hold · Junk Silver & 90% Coin
Bag Silver — Heavy, Loose and Slow to Verify
Pre-1965 US 90% coin is genuine silver collateral and the most labor-intensive form of it. It arrives loose, it has to be weighed, and worn coins contain less silver than new ones.
Tell us the form as well as the quantity. With silver, form changes the number more than people expect.
65%
Advance against market value
$15k
Minimum loan — a lot of silver at current prices
Sealed
Monster boxes verify by seal, which saves you money
Same
The same boxes and bars come back
Wear is real and it is measurable
A bag of circulated 90% coin does not contain the theoretical face-value silver weight, because decades of circulation removed some of it. Melt calculations account for that, which is why the number for a bag of well-worn coin is lower than an online calculator suggests. It is not a haircut; it is the metal that is not there.
What affects the number
- Actual weight rather than face value, since wear reduces content.
- Whether it is sorted or mixed with clad and foreign coin.
- Volume, because junk silver is the bulkiest form per dollar.
- Any key dates or collectible coins mixed in.
- How it is packaged for shipping, since weight is significant.
How we handle it
- 01Tell us approximate face value and how worn it is.
- 02Indicative estimate on melt content, not face value.
- 03Insured freight planned carefully — bags are heavy.
- 04Weighed and assessed on arrival, with the arithmetic shown.
- 05Advance on net silver content.
Have a look through for key dates before you ship. Circulated bags occasionally contain something collectible, and it is worth far more sold as a coin than advanced as melt. We will flag anything we spot, and we would rather you found it first.
Said plainly
Where we stop
This is the form where the $23,000 collateral minimum is hardest to reach without a very large physical quantity. If you are close to the line, the freight cost alone may make it not worth doing, and we will say so.
FAQ
Common questions
- Is junk silver valued at face value?
- No — on actual melt content by weight. Wear means a circulated bag contains less silver than the theory suggests.
- Should I sort it first?
- Removing clad and foreign coin helps. Pull out anything that looks like a key date and have it looked at.
- Is shipping expensive?
- It is heavy, so yes. On a marginal holding the freight can decide whether it is worth doing.
- What if there are collectible coins in it?
- We will flag what we spot. They are worth far more sold as coins than advanced as melt.
Silver realities
Volatility & Margin Calls
Silver moves more than gold. The same 65% advance therefore has less room before the loan-to-value goes out of range.
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Bulk & Freight
The same value in silver occupies roughly seventy times the volume of gold. Everything downstream of that — freight, handling, storage — follows from it.
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The Gold-Silver Ratio
A question we get often from people holding both, and the honest answer has nothing to do with predicting the ratio.
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Storage Economics
Storage is priced on space and handling rather than on worth, which is why silver storage costs more per dollar stored than gold does.
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Liquidity at the End
Every secured facility ends one of two ways: you repay, or the collateral is sold. It is worth understanding in advance how quickly your particular silver would move.
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More what you hold
Sealed Monster Boxes
A sealed mint box of 500 coins is the easiest silver there is to handle. The seal is intact, the count is known, and verification takes minutes rather than hours.
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Silver Bars
Bars are the most storage-efficient form of silver, and the larger the bar the better the economics — right up until you want to sell part of it.
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Rounds & Generic Silver
Privately minted rounds are pure metal exposure with no sovereign premium, which makes them straightforward collateral and slightly less liquid at sale.
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Next step
Run it both ways before you decide.
No credit check and no obligation. Tell us what you hold and what the money is for, and if selling is the better answer for your situation you will be told that first.
Business purpose only. Not available in Nevada, Vermont, North Dakota and South Dakota.