We are going to keep our eyes on the stars and our feet on the ground. And to those Members of Congress, who are here on this very historic occasion, I want to assure you that in making this change from the 18th century we have no idea of returning to it. Now, I will sign this bill to make the first change in our coinage system since the 18th century. As fans of Bix Weir might take note of, we see that at the bottom of this long list of untruths, one final assertion: Mixed in, there are some matter-of-fact statements, but their commonality is sparse. The piece is a long list of untrue statements. And they will be used side-by-side with our new coins. We will make another billion before we halt production. We estimate that there are now 12 billion–I repeat, more than 12 billion silver dimes and quarters and half dollars that are now outstanding. Our present silver coins won’t disappear and they won’t even become rarities. Some common premises were asserted, such as that of perpetual population and economic growth, although, at least in terms of the latter, there has been a serious contraction in recent years. Such as that the reason for the Coinage Act, as given, was that silver was a scarce (Read: valuable) material. Throughout the speech, truths were served, so as to blur the line of reality. That is a vast departure from “our silver tradition.” The half dollar in 1965 would only be composed of a 40% silver content. It will be nearly indistinguishable in appearance from our present half dollar. Eighty percent silver on the outside and 19 percent silver inside. Our new half dollar will continue our silver tradition. He declared that the gutting of US money would not help to destine the nation’s currency for devaluation, although the opposite would be true. He dispelled predictions that the price of silver was set to skyrocket and that there would be hoarding of the precious metals by industry and individuals, although the truth would turn out the opposite. When Lyndon B Johnson signed the Coinage Act of 1964 into law, he gave a doublespeak speech about the change. In 1965, the United States Government discontinued the minting of all dimes, quarters and half dollars with 90% silver content and government had a fire sale, basically. One dollar is worth more than 20x its face value. Their value is significantly higher than they once were. However, the coins actual and true value is based on the amount of silver that they contain. tender and can still be used to purchase goods and services. One of the cheapest ways in which to buy silver is to purchase $1,000 face value bags of 90% silver coins that were minted prior to 1965. After all, we are talking about a silver price that was approximately $1.25 an ounce in 1965. Junk silver coins qualify as legal tender currency to buy goods and services, though this is not recommended. Junk silver is low premium silver, not junk. Depending upon availability you can choose your denomination in $500 face increments. Packaged in canvas bags of quantities of $500, each bag weighs approximately 27 pounds. Aside from the low premiums these coins traditionally carry you have the added advantage of smaller units, i.e. Every $1,000 face value of any combination of these coins contains 715 oz of pure silver. Often referred to as “junk silver” referencing the fact that there is no collector or numismatic value associated with these coins, they are anything but junk, as the alloy of these coins consists of 90% silver and 10% copper. Bullion silver products from The Royal Australian Mint which are typically 1 ounce silver coins.Long considered the cheapest way to buy silver is to purchase pre 1964 U.S.Bullion silver products from the Perth Mint, such as 1 ounce kookaburras or 10 ounce silver coins or the hefty 1 kilogram silver coins.“post” scrap silver, or groups of Australian pre-decimal coins from 1946 to 1963 that are 50% silver.“pre” scrap silver, or groups of Australian pre-decimal coins from before 1946 that are 92.5% silver.What you’ll usually see in our bullion silver and gold category are : Scrap gold and silver might be old jewellery, very worn silver coins, very worn gold coins, or even watches or cutlery! Silver and gold rounds and bars are made specifically to store precious metals in easy in an easy to store form. Numismatic gold or silver could include coins or medals and medallions. This might be numismatic silver or gold, silver or gold rounds or bars, or scrap gold or silver at or near spot price. From time to time we have we have bullion silver and gold for sale.
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