Ninety-percent silver bags are often referred to as “junk silver” though this term can be misleading. Ninety-percent silver generally refers to pre-1965 circulated silver dimes and quarters which were all comprised of 90 percent silver and 10 percent copper. These coins are generally sold in $1,000 bags which reflect their face value (i.e., the legal tender value of the coins.) People refer to the face value because, regardless of the denomination of the coins, $1,000 bags all contain the same amount of silver which is generally 715 troy ounces (the gross weight of these bags are approximately 800 troy ounces or 54.85 pounds.)  

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