Free Spot Prices Emailed to you Daily

Enter Email:

*Notice: The information you provide will not be shared with any third party. Opt out at any time.
Gold coins, gold bullion, silver coins, and silver bullion are the best investments for gold and silver investors. The best gold bullion coins and silver bullion coins are summarized on this page. For more information on gold and silver bullion and coins, visit other pages on this Web site.

Does your silver have to be reported?


Silver purchases do not have to be reported. This myth is so pervasive that CMI feels obligated to clarify this misunderstanding repeatedly.

See Myths, Misunderstandings, and Outright Lies to learn about the pitfalls of investing in precious metals.

40% Clad Halves

U.S. 90% silver coins were last minted for circulation in 1964. Since 1965, dimes and quarters have been made of a cupro-nickel alloy. However, for five years, 1965-1969, the Mint made half-dollars (still carrying President Kennedy's image) of a 40% silver/60% copper alloy. Each coin contains 0.1479 ounce silver; a $1,000 face bag contains 295 ounces of silver.

These coins, commonly called 40% clads or Kennedy clads, are not nearly as popular as 90% silver coins. This is because a bag of 40% Kennedy clads takes up the same space and weighs nearly as much as a bag of 90%. Yet, a bag of 40% clads contains only 295 ounces of silver, versus 715 for a bag of circulated 90% dimes or quarters, or 718-720 for a bag of 90% halves. So, to store the same wealth, it takes almost 2-1/2 times the space with Kennedy clads as with 90% coins.

Still, 40% clads have one advantage over 90% silver coins. 40% clads sell at small premiums over their face value. This means that a $1,000 face value bag has an absolute floor of $1,000. For investors who fear deflation, here meaning falling prices, clads are ideal. If silver goes up, they will rise in price because of the 295 ounces of silver a bag contains. If the price of silver were to collapse (highly unlikely in CMI's opinion, but a possibility), the coins could be spent. For Kennedy clads to sell at face value, silver would have to drop to $3.39 an ounce.

Call CMI at 1-800-528-1380 for answers to any questions or clarifications. Our hours are 7:00 a.m. to 5:00 p.m. Mountain Standard Time, Mondays through Fridays. Our offices are in the middle of the Phoenix, Arizona financial district. CMI has had the same bank account since its inception in 1973. References available on request