Silver Barter Bag
Silver investors looking for the absolute best deal often turn to ‘junk’ silver. But those old coins can be hard to value and sell. My Silver Barter Bag is full of fractional silver rounds made from 100% pure silver and they’re still cheaper than our competitors’ bags of old dimes and quarters. With fractional silver, you can sell your holdings at your own pace and barter for essentials in any situation.
Silver Barter Bags
Normally we would consider "junk silver" bags the most efficient way to buy silver in a barterable form, but junk silver premiums have risen over time as the supply of these coins is limited since they are no longer minted. As an alternative service to our customers, SchiffGold offers the Silver Barter Bag, a new product that is similar to junk silver. These rounds come from reputable private mints and are 99.9% pure silver. Each round is stamped with the weight and purity, making calculating the value of the rounds easier than traditional junk silver. Silver Barter Bags offer clients fractional silver rounds in half-ounce and quarter-ounce denominations. These fractional silver rounds are the perfect size for clients anticipating using them for barter.
- 99.9% fine silver
- Less expensive than "junk silver"
- Best price for barterable silver
- Available with popular and recognizable buffalo design
- Sunshine mint rounds also available
Click Here for Video Transcript
Hi, this is Peter Schiff at Euro Pacific Precious Metals. One of the reasons that I’ve always advocated that my clients take physical possession of at least a portion of their precious metal is because they may need their precious metals to barter for the goods and services that may be in short supply in the aftermath of a currency crisis, if all you have is rapidly depreciating fiat currency. The problem, of course when it comes to gold – if you’ve got one ounce gold coins, it may be difficult to buy smaller priced items. After all, even at today’s low price, an ounce of gold is about $1300. And even with fractional coins, you still have a lot of purchasing power in a small coin.
Now one way around that, we already sell the Valcambi CombiBars which allow you to break up your gold into one gram pieces. But still, with today’s gold price that’s like walking around with a wallet full of $50 bills and nobody has any change. So it’s still kind of cumbersome, and of course, if I’m right about what’s going to happen to the price of gold and silver, you’re going to be walking around with bills that are going to be much bigger than 50’s. That’s why silver is very important when it comes to barter because silver, being less valuable than gold, it’s easy to carry around smaller denominations that are more ideal for buying things like food.
Now, what I have been recommending at Euro Pacific up until now, for that purpose, have been bags of junk silver. Junk silver is US dimes, quarters, and half-dollars that were minted prior to 1965 that are composed of 90% silver. This has been ideal, I thought, for barter but more recently with the shortage on the physical market, these bags are getting harder and harder to come by, and as a result, the premiums are rising. But also there are other problems with dimes and quarters. Number one, they’re 90% silver, and who really knows how much silver is in a dime as opposed to a quarter. It’s a little bit more complicated because there isn’t a specific weight written on the coin. You have to know. The person who is accepting them has to know. Meantime, a lot of these coins are extremely well-worn. Some of the silver that was originally there when they were first struck may no longer be there, so you really don’t know exactly how much silver you have. So that’s why we’ve come up with our own alternative to junk silver bags.
This is the Euro Pacific Silver Barter Bag. And each bag comes with 250 ounces of 0.999 fine silver. The bags consist of 500 one-half ounce silver rounds. Now, we can’t call them coins. We have to call them rounds, because legally, a coin is legal tender and these are not. So they’re just rounds.
They come in these little cases. There’s 20 per case, 20 silver rounds, so each Barter Bag has 25 of these cases and inside each case is 20 of these one-half ounce rounds. Now unlike the junk coins, these rounds are brand new. They were just struck, so they are investment grade. They’re actually quite beautiful. They’re struck with the Buffalo strike, so you’ve got an Indian head on the obverse, and you’ve got the buffalo on the reverse. It clearly says each one represents one-half ounce of 0.999 fine silver. So everybody can see exactly how much silver they’re getting in exchange for whatever good or service they’re selling.
The other advantage, again, with these rounds is the price. Right now, if you want to buy junk silver, you’re going to pay at least $4 an ounce over spot. We’re selling our rounds as low as 99 cents over spot a piece. That’s under $2 over spot per ounce. Again, less than half the premium that you would pay to buy junk silver. But instead of getting junk, you get beautiful brand new investment quality silver rounds. To get more information on the Silver Barter Bags, or to pick up a bag for yourself, visit our website at schiffsilver.com. That’s schiffsilver.com. Or call 888-GOLD-160. That’s 888-GOLD-160 to get your Silver Barter Bag.
SchiffGold Product Policies
Type of Product
We recommend that serious investors in gold and silver choose only bullion coins and bars. Within that category, buyers are wise to stick with industry standard, nationally-minted coins: American Eagles and Buffalos, Canadian Maple Leafs, Australian Kangaroos, and South African Krugerrands.
Many of our competitors push exotic or commemorative coins, which are sold to unsuspecting investors for 25-30% commissions over the price of the metal they contain. In general, these products are terrible investments and should not be considered if you are looking to protect your savings from inflation.
In gold, we recommend buying these types of products: 1-ounce and fractional gold coins, 1-ounce bars, 10-ounce bars, and 1-kilo bars.
In silver, we recommend buying these types of products: 1-ounce coins, 1-ounce and fractional rounds, 10-ounce bars, and 100-ounce bars. We also recommend junk silver – US quarters, dimes, and half dollars that were minted prior to 1964 and are 90% silver by weight.
While we do not recommend or sell rare or collectible coins, we have access to any and all gold and silver products that might interest you. If you are looking for products not listed on our website, we can usually offer them at prices far below what our competitors would charge. Call us for more information: (888) 465-3160.
Our prices are among the lowest in the business. Owing to the size of our business, we are able to purchase at the steepest discounts and pass the savings along to our customers. We will work hard to earn your business.
In addition to excellent pricing, we provide diligent and attentive customer service. Our clients enjoy exclusive access to Peter Schiff’s insights and recommendations. We custom-build an experience that is suited to your needs. This is what sets us apart from the competition.
We do business the old-fashioned way: providing individual service with a real person. We do not offer online purchases. Many online companies rely on deceptive pricing, hidden costs, or worse. Our prices are transparent and total. Call us at (888) 465-3160 to learn more about how we can help you convert your paper assets into precious metals.
Honesty and fair dealing are the hallmarks of SchiffGold and Peter Schiff. We look forward to earning your business.
Why We Don't Sell Numismatic Coins
We have nothing against collecting numismatic coins for aesthetic or hobby reasons. However, we argue that for two critical reasons numismatic coins are generally poor investments.
First is the mark-ups or commissions. It is not uncommon to see mark-ups of 20% to 35% on numismatic coins. That means that the price of gold has to appreciate by 35% before you break even on a sale.
Would you buy a stock if your broker charged you a commission of 35%? We have our roots in the securities industry, where commissions are far lower, which is part of why we do not sell numismatic coins.
In addition, selling little-known, unusual, or exotic coins may be difficult, or you may have to sell below the market value of the metal. Unless the dealer has an immediate need for the coin you purchased, he may be reluctant to repurchase it from you. In contrast, bullion coins are a fungible commodity for which there is always a ready, liquid, and transparent global market.
Reliability & Integrity
The precious metals field is completely unregulated. Dealers of dubious reputation are not uncommon, as are investing schemes that sound good, but are often rigged to bilk unsuspecting buyers.
In times of economic uncertainty, shady operators take advantage of the urgent and emotional demand for precious metals by jumping into the marketplace. In such an environment it is incumbent on the consumer to only do business with trustworthy companies.
Peter Schiff is Chairman and Principal Owner of SchiffGold. Over the years, Peter has developed a sterling reputation as a no-nonsense straight shooter who zealously guards his public image.
Time and again, Peter has shown his integrity by telling the truth, often at the expense of popularity and potential business. His specific goal with SchiffGold is to bring honesty, integrity, and fair pricing to the business.
Liquidity is an important factor when buying gold and silver. There will come a time when you want to sell your metals. Since we only work with recognizable, highly liquid bullion products, you can sleep easy knowing that the metals you purchased can be easily sold.
Liquidity presupposes a fast and efficient market, which may not exist for so many of the numismatic and exotic coins that are offered by our competitors. Often, the only buyer for your collectible coins may be the dealer from whom you bought them. This is not an ideal situation.
SchiffGold stands ready to help you buy or sell your precious metals. We stand behind everything we sell and are happy to buy back any gold or silver product that you’ve purchased – whether you bought it from us or not.