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1kg Kilo Bag of Mixed Post 1946 (50% Pure) Australian Silver Coins ASW=0.50kg

1kg Kilo Bag of Mixed Post 1946 (50% Pure) Australian Silver Coins ASW=0.50kg

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Product ID:
P-30109

A kilo bag of post 1946 silver coins - contains half a kilo of pure silver.

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Description:

1kg Kilo Bag of Mixed Post 1946 (50% Pure) Australian Silver Coins ASW=0.50kg

A kilo bag of post 1946 silver coins - contains half a kilo of pure silver.

A kilo bag of post 1946 silver coins - contains half a kilo of pure silver.

Several popular investment newsletter writers recommend that investors buy silver bars and “junk silver coins” as a hedge against economic & monetary uncertainty. Buying kilo bars of silver in Australia is easy enough – you just need to get in touch with the Perth Mint or the bullion dealer in your local Yellow Pages to get as many as you want. But many Australians have no idea what “junk silver coins” are, whether we have them in Australia and where you can buy them.

“Junk silver coins” is a term used in North America to refer to bulk quantities of silver coins that were actually used as legal tender in the US prior to 1965, and are now traded in bulk for their silver value. The “junk” part of the name refers to the fact that these coins don’t have any numismatic or collector value.

US dimes; quarters; dollars and half dollars struck before 1965 have a 90% pure silver content – many investors prefer buying silver this way because it’s in a form that they know and trust. We’ve obviously never used dimes or quarters here in Australia – so what did we have? There are 3 basic types of “junk” silver coins here in Australia.

Post silver - This term refers to the Imperial silver coins (threepences, sixpences shillings and florins) that were issued in Australia between 1946 and 1964. These coins were made with 50.00% silver - 1946 is the earliest date because any Australian silver coins produced prior to that date have 92.50% silver in them, 1964 is the final date because that was the final year coins were produced before the introduction of decimal currency in 1966.

This bag weighs exactly 1 kilogram, which means that there is 500g of pure silver - 16.075 troy ounces.

Delivery will be made via the Australia Post eParcel system - trackable online, and generally takes less than a week to reach anywhere in the country from Fremantle.