Sunday, July 15, 2007

Clad Coins

Okay, tell me what a ‘clad coin’ is. I learned today that in the US it’s a coin that has more than one layer of metal in it. Most current U.S. clad coins consist of an inner core of copper, with outer layers of a silver-coloured nickel-copper alloy. The U.S. Dime, the Quarter, and the Half Dollar are all clad coins.
At Monex, a company I’ve mentioned several times before, you can get your silver in a different way, by buying coin bags containing 715 ounces of silver in the form of either 4,000 U.S. quarters or 10,000 U.S. dimes. All the coins were minted prior to 1965, and their face value is guaranteed to total US$1,000.
That’s the first option. The second is to buy a bag containing a different mix. This one contains around 295 ounces of silver in some 2,000 clad half-dollars – clad as in composed of silver and copper. These coins were minted between 1965 and 1970, and feature John F Kennedy on the obverse side. Doesn’t this sound like a fun way to have silver around the house?
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