Is JUNK SILVER Making a Comeback?
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- čas přidán 30. 06. 2024
- In this video I talk about junk silver and if it is good for silver stacking or silver investing. We dive into junk silver premiums and discuss if it is good to be buying right now or not. If you are wondering what junk silver is then this is the video for you. Junk silver is US Mint half dollars, quarters, and dimes that are from 1964 or older. $1 Face Value (circulated) of junk silver = .715 Troy Ounces and $1.40 Face Value = about 1 Troy Ounce. When you are calculating prices $1 of junk silver face value can be any combination of coins. When looking at junk silver vs bullion it is clear that junk silver can be harder to price and buy. Junk silver investing can be done with confidence when you use my face value multipliers in my updated junk silver buying guide in the following video:
Junk Silver Buying Guide:
• Junk Silver Buying Gui...
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Topics I cover in this video: junk silver, what is junk silver, buy junk silver, why buy junk silver, silver stacking junk silver, junk silver coins, silver stacking, silver investing, junk silver buying guide, junk silver unboxing, junk silver stack, junk silver face value, junk silver vs bullion, junk silver quarters, junk silver bag, junk silver investing, junk silver dimes, junk silver price, best junk silver, best junk silver to buy, best place to buy junk silver, buying junk silver, buying junk silver coins, guide to buying junk silver, stacking, silver investing, silver price, silver's price, price of silver, buy silver, silver news, silver stacker, silver stack, invest in silver, silver coin, silver coins, silver bar, silver bars, silver bullion, physical silver
#silver #silverstacking #silverprice
I’m buyin’ more dimes on this mini silver spot price dip‼️👌🏼
I'm at 55+FV in silver dimes! I only need mooore
What about quarters?
My 2 favourite silver channels together!!! ❤
thanks so much! 🔥🐉
Thanks! 👌🏼
Bullion goes up and down. Buy low. Sell high. Don't trust anyone but yourself.
During Anglo Saxon times here in England, high status individuals would have a thin, graded strip of silver twisted their wrist or upper arm. It was cut off at the grades with a knife or hand axe and used for small trades. Was called 'hack silver'
how does knowing that help anybody
@@DrSchor it doesn't. Just a piece of general knowledge involving 'junk silver'
That's awesome history. Thank you for sharing.
@@barryfondant6032 glad someone appreciated it. It was a Viking thing too.
It's helpful to know cuz it's another way of carrying "junk silver". Thats how it is helpful.
I’m British, I have about $20 face. Mostly Kennedys and mercs.
nice- where do you buy your constitutional in the uk? i only have 2 dollars in face that i snagged up from ebay lol.
@@WayfaringMerchant odds and ends from coin shops. Small time ones that mainly deal in ancients but buy stuff off other people. So sometimes he has Morgan’s, kennedys. Most of my dimes I get off eBay. Less likely to be fakes than Morgan’s/peace. Sometimes you get lucky and grab a few for small amounts. Also there are a few Facebook groups of silver trading groups.
I'm swiss and it tooks me almost 2 years to get a bit over 100 dollars face value in half dollars, quarters dollars and dimes in 90 percent silver. I got a bit over 7 ounces fine silver in 40 percent silver and 7 x war nickels in 35 percent silver.
Been paying face x $17 - $17.50 for the last month
Where you finding that?
@@chaunceyhart1346 My LCS in Indiana
90% silver is about 30% of my silver stack, and that's 100% true
I don't have a preference I buy whatever I can get the best deal I have war nickels 90 percent dimes halfs quarters and rounds whatever the best deal is you must be flexible or you will miss out one good deals
I love SD Bullion. Great show guys. I'm glad I found your channels. My LCS was $19 x face Friday. I'm backing up the truck 🥇🥈🥇🥈🥇🥈🥇
My LCS has constitutional dimes and quarters at 18.7x
When I hold a roll of silver quarters, I still cannot believe it is 7.15 ounces of silver in it. It feels sooo underweight for that amount. Literally a visual trick when you compare it to, say, 7 silver American Eagles.
Love both your channels. Here in Australia, our equivalent to constitutional or junk silver is the pre-decimal 1966 AUD round 50 cent pieces which are 80% silver. They’re currently selling for 16% over the spot price here. I also have some pre-decimal coins called three pence, six pence and shillings which are 50% silver, 40% copper, 10% nickel. The other one I look for are pre-decimal florins which are 92.5% silver (sterling silver).
Hey mate, any idea where I can find some Florins?
@mattstevens473
Online biding platforms. I live in Switzerland and australian florins are hard to find but i have a couple of 50 percent silver and 92,5 percent silver english florins in my stock now.
@@FastlaneSto I’ve collected mine through garage sales & from other family & friends here in Australia.
Love constitutional silver especially Merc dimes!
90% is back in because spot is down.
Once spot goes back up it will be out of favor again.
It is still limited, and desirable as well as functional, no matter what.
Awesome video guys!
In Canada I just call ours circulation silver. Because it was in circulation as actual currency at one time. Cannot call it constitutional silver if we do not have it in ours.
Hey guys!! Great videos!!
Junk silver is most of my stack. I started stacking in 2017 and went hard on ASEs at first. I switched to junk at close to spot and gold. Been going hard on gold in the last couple of years.
When we are trading with the Amish for food in the near future, they will probably prefer junk silver (easily recognizable). Now if I can just get more junk silver dimes.....
help me understand what to leave as a comment. why do you think anyone cares about what you are doing?
@@DrSchor Seems like you do pal. Otherwise you wouldn't have taken the tome to comment.
What are you trying to accomplish by replying to someone’s insight and opinion dude? Seems like you’ve got too much time on your hands lol.
I am a coin collector first and a stacker by happy coincidence.
I will never get used to calling constitutional silver junk silver. Granted we may not have the most beautiful coins in the world, but we used to. Back in the first half of the 20th century our coinage was, in my opinion, spectacular. They were coins that you could show proudly. Now, not so much. But regardless that is still constitutional silver.
As far as I’m concerned junk silver is sterling and other objects made of silver. So can we just keep them separate.
When I started collecting coins as a kid about 25 years ago the coin dealer I went to call all silver coins (no matter where they were minted) coin silver. He never called anything junk or constitutional. He's refer to it by percentage, then coin silver and if it was foreign by country of mintage. He was pretty old school (in his 70s at that point) and he was great to deal with so I went to him often and picked up the habit of calling it that. Frankly I think that's the best solution
my first silver purchase was when I was at a friends moms hobby shop and another kid came in and bought some things with half dollars. he sold me the half dollars at face and they were all silver halves. sure wish I could find more at face!
Definitely, I've been backing up my bullion with constitutional.
Yankee and Dragon 🩶🩶
you did a good job yankee cleaning those halfs what you use i need to clean mine so they look pretty lol
I just made a deal with my lcs on bying world silver coins (including dimes) at spot! Talking about 1-2 kilos.
I somewhat agree.i dont much care about the term,i prefer 90% ...but i get it....i really like merc,s stack is painfully short on them,so i,m buying them the less slick the better.
Love dime's 😊
I just put 40 dollar face in Roosevelt dimes away. LCS was 18 times face!
Finishing off my 10 bars of 10 ounce silver in a couple of months and was looking for another goal. I think I'll start working on stacking $100 Face Value Junk Silver. Thanks for the math lesson on this. I've watched you guys do the math before, but every time I see it, something more sinks in.
I like pre 64 dimes because whe the SHTF they will likelybecome good barter items and are a relatively small denomination...
I've been having a hard time finding 90% dimes locally, only have about 3 rolls. :(
Recently i bought from an online biding platform (Switzerland two Franklin half dollars and two washington quarters (over 1 ounce in fine silver) for only 14.10 swiss francs include shipping fees. I was so lucky.
Bought Halves, Quarters, and Dimes at my LCS yesterday for $18 per one dollar face.
Picked up $20 FV of Benjamin's yesterday. It is junk, give it all to me.
Franklins are my favorite. Dont know why. Liberty bell is a cool coin graphic I suppose
Right now, my LCS has much lower premiums for modern silver proofs than pre 65s
That's why I metal detect, premium on that silver, 0%
That sounds fun, but how much do you find though?
So far this year $8.00 face value
@@gralynmorrill8115 cool!
junk silver makes up most of my stack as its whats most available locally. Fine silver goes quick around my area. Second its posted its available its gone. Always plenty of morgans, peace dollars and quarters around though.
For the past two weeks my LCS has been running specials selling junk silver under spot.
Quick question have you guys actually ever met each other? I know you live in different sides of the country just wondering. Great show.
Bought my first $10.00 face value of half dollars today for 8.79% over spot. I wish I had more money to spend on it. 🙂
How about the 40% Kennedy heads? Are they also good enough?
Idk but I buy every peace dollar I can get my hands on. I have bags of liberties and franklins but they just don’t do it for me like the peace dollars.
Just bought $100 Face value of benjamin franklin halves !
I have a 200th-year 1976 Kennedy head. Is it REALLY valuable?
What about Stirling cutlery ? ... I have 1.9 lbs of Stirling cutlery ...
I like the 40% Kennedy's (1965-1970), at .15 Troy Oz each ($3.50 each), they could work for barter, although not as good for stacking as they take up much more room. Also, depending on where they are purchased, premiums are much much lower than the 90% halves. Thoughts?
in my personal opinion, as a person who stacks 50% british silver(i live in the uk), i buy almost all of my stuff at spot, which is pretty neat. Space isnt really a particularly big issue, however, that is maybe because i am so new to stacking(only have a kg or so)
I to stack 40% and have been for many years , you could do a lot worse. 40% is a volume game when you sell in my experience, I got the best resale price when I sold $200.00 face vale or more .
I bought junk early and was able to sell some at a profit. The key is getting in early, I’m stacking pre 1983 Pennies for the copper and all Nickels for the copper/nickel, if you know, you know!
please share because I don't know
It never hurts to have a few pounds of copper for the long term investment
@@daniellayton2264 Nickels are made of 75%Copper/25%Nickel, look up the price per pound of both metals, now you know!
I just bought close to 2 Benjamins in "junk" silver
As LL Cool J said back in the day... "Don't call it a come back, I've been here for years"
I've been seeing $2.25 premium on junk lately. Doesn't seem too bad.
Cream of the crop here.
Yankee / Dragons!!! Woo-hoo
The only thing I don't like about buying a random $10 FV batch is that you do not know what type of coins you are getting. It's some combination of 90%, but it might be coins you don't want, like worn barbers or Standing Liberty quarters. The wear might be such that it's closer to $1.50 in FV to get an ounce and the cost per ounce is higher. Of course if you don't care, it's pretty nice.
i dont get it. all all. how can wasting money be nice?
if all you want to do is have a nice time by losing your ability to care, just get drunk.
@@DrSchor If you think stacking silver is wasting your money, why the hell are you even looking at these videos, let alone commenting on them?
Junk silver to me is common dirty worn constitutional silver. It's definitely prefered over clad coins! However I will pay more for clean nice dondition constitutional silver. Rarely do i buy junk because it's a little overpriced for the quality.
Noo, junk silver is NOT making a comeback, NO ONE should buy it, it is a BAD thing to buy (prices will now go down and I will have all the junk silver to myself)
No such thing as junk.
You had me in the first half, not gonna lie.
You are right
Someone bought out my lcs literally all pre 64.
I call it old silver change...
Hi guys I have a question. I want to buy us junk silver but I’m from Canada where Can I find any?
Canadian 80% is usually a lot lower premium when you can find it. 90% is available at most online dealers.
I’m the guy who bought the ugly coin from Yankee for $100.00… still have it!
What do yall think about stacking silver or gold shot? I'm thinking of getting silver for paying for things less that whatever Oz spot price is after a financial crisis
I've never bought shot before, but you may want to consider how difficult or easy it will be to sell or trade it. Will other people really want that? Just saying.
@ronbell3986 if people will take silver/gold rounds (not coins but rounds) as payment, idk why they wouldn't take shot.... the only thing I can think of is the difficulty of testing shot... u can at least do the "ping test" with rounds if no electronic or chemical test is available
So what do we call the 90% proofs?
2 Legends
What is a good deal on constitutional silver? 20 times price?
Well that’s about a 20% premium over spot… good deal idk
For 50 cent pieces and down, there are about 71.5 troy silver ounces per $100 face. So, for the current silver price of $22.93 per troy ounce, $1 face is worth ~16.4 times face for silver value, so 20x face is about 22% premium, which is a little high, but not bad. Old silver dollars have a little more silver per face dollar, strangely, plus they are rarer, so they always cost more.
I've noticed the premiums are really coming down on constitutional. I'm finding it now for $17-18 face now.
Where? Monument metals?
@@chaunceyhart1346 Most online dealers are 19+. But I can get quarters and dimes at my LCS for 17.90 face. The one I buy from, but not the one I sell to. He has the lowest prices, but also the lowest buy back prices. Shop around. The deals are out there!
Great video guys thanks for the info have a great weekend
thanks have a good one!
I'm not a stacker, but I do utilize your channels in my repertoire of channels to keep up-to-date with current events regarding the markets. (Thank you)
*My question* is to stackers; if your intention is wealth preservation in the case, the dollar collapses, what currencies do you think you would be trading in and would it be wiser to invest in bullion more recognized by said countries? I am just speculating, but with some information getting back to me about Europeans' reluctance to buy American bullion, it just has me thinking. Also, is this true? Are Europeans reluctant to buy US sovereigns and rounds etc.?
I have somewhat of an understanding of what would happen to the European economy if the dollar crashed and am only using Europe as an example.
Also, I understand the ability to get your metals out of the country may also pose its challenges in the wake of a collapse.
I live in central Europe and Silver Eagles are fine. I have 60 in my stack. Wish I'd known that they'd go up so much in price, I would have bought a lot more, but they used to be similarly priced as other coins. But if you're in Europe, you definitely can't go wrong with Philharmonics or Krugerrands. Canadian maples are the base of my stack.
I used to buy only coins as they were tax free, unlike rounds. But since 2022 they have the same tax, which sucks.
@@HomestarCrawler thanks for the response. Now I am very interested in Europeans input. I edited my question to gain more Europeans perspective. Full transparency, Im in the states and my info came from a friend from overseas but I did do my research and found supporting information but the info I found was more tied to the German market. But Germany does not speak for the whole of Europe so I'm curious what other Europeans think as well as Americans.
@@HomestarCrawler I'm on the east coast, USA, and my local coin shops don't even charge sales tax on any trades. This includes 90% silver, Silver Eagles, silver rounds and silver bars. I think there is a USA law that "monetized bullion", i.e. anything made by the USA mint that has a dollar value printed on it, are sales tax exempt. The rest I have no idea.
So is now a good time to get into 90 percent silver?
Good time? Probably not…IMHO! A better time, yes because premiums have come down. I still think 90% premiums need to come down more. But if you don’t have any, wouldn’t hurt to pick up a bit.
Nice name check out coin shows in your area probably no taxes!
Don't you calculate shipping in your cost?
Sorry, at 19.4% I’m not interested. My bar for junk is under 14%. That may be a a long time or never to happen, but I do find it out there, just not at a dealer. I like Canadian junk. I usually buy that way under spot, and it holds value to me. Especially if you know how to purify it.
First!
Wish it wasn’t so boring compared to ASE/Maples, and even the Scottsdale Cowboy .9999 rounds, or the Hero Radial Buffalos :(
"Dead Men Tell No Tales" Pirate rounds are probably one of the coolest silver rounds ever made in my opinion.
Typically I buy my "modern bullion" once a month; Silver Libertads, American Silver Eagles and Silver Pandas. And if I have an extra $80 or a $100 from that money that was set aside, I buy constitutional silver. It's still silver and I just love the history that comes from it.
Junk when Buying and Constitutional when selling.
America was founded with SILVER. The majority of wealth in SILVER was in the common citizens hands with gold being a rarity. In the mid to late 1800's the gold rush in addition to the silver bonanza's came the "gold standard" (encouraged by the bankers) which leveraged their control over the markets with the scarcer metal which they had majority ownership. Then it went downhill from there. As a stacker, I wanted Constitutional Roosevelt dimes (Exel. condition) to prep for barter trade when the Petro dollar was threatened by Saudi Arabia not taking Biden's call a couple years ago.
Now is still not the time to get into 90%. I will not buy 90% coinage because of the premium. Though I have some from decades ago in my stash. I'll stick with sovereign silver and the like.
Around here (central New England), the premium is actually lowest on 90%, so I guess it depends where you are.
They only made a certain amount. Their will be a day everyone wished they had more "junk"
@@DavidSmith-pg1ob I am also in central New England. Which LCS is offering that?
@@LarryDickman1 Connecticut, lower southwest corner (Danbury and Southbury).
Most my stack is junk silver, a few tubes of Buffalos and Maple Leaves. I'm not sure if I could afford gold and it's not worth buying a 10th ounce, right?
yeah i’d go for 1/4 oz or bigger for gold
1/10 oz are good to buy if that's what you can afford. Yes 1/4 is a little better but don't let anyone deter you from 1/10 oz gold.
1/4 oz or larger for sure. And it's not junk, it is called constitutional silver.
Is sd bullion a Chinese company?
Possible comeback of junk silver in digital apps, all coins have valued..metal world and digital currency are on the way..many are buying constitutional coins world
Wide even in our online shop apps..
Silver 3 cent are also cool but not 90% silver
Making a comeback? As a dealer, 90% silver has been hot for 10+ years; really since 2009 or so following the 2008 housing/finance crash. I don't call them junk silver; just call them 90% silver. Back in 1981 me and my Dad were making weekly trips to the refinery with 90%; regret that now...
Exactly, they are not junk. People need to call it what it is.
@@drewmcclintock7034 Yeah calling it junk silver is just stupid. I call them 90% silver and everyone knows what that is and constitutional is fine also. But junk silver started when silver exploded in value in the late 1970's and people started taking it to the refineries and melting them down for money. That's really where that came about 40+ years ago. I wish channels like this would stop calling it junk
Skip a step: Divide the per-ounce junk price by the spot price.
Like501 and like for junk silver 🥈
Why do they call it junk silver ,because 75 years from now it will not be judged as junk silver, they will be called antique coins and worth more than their weight in silver, something to think about....
Junkstitutional. ❤🙃
100 percent premium is based totally on pumping, and fomo.
I don't know Silver Dragons. I don't think so. I just don't like junk silver. I know many who collect junk silver who will disagree here. I just find junk silver to have a lot of scratches and nicks. This is just a personal thing. I prefer silver that has no scratches on it. It's better to buy quality silver rather than any silver. That's why I'm a collector and not a stacker.
Yankee is 57 yo
He was 21 when I was born
Silver is the same price it was 10 years ago
I need 10-15 more oz of walking libs to fill my leather pouch...
🤙🏻
I wish you all were in South Carolina because I have some coins I need to look at but y'all are too far away for me
I like the term "junk silver". It's an oxymoron.
That is the wrong term. People need to stop using that.
મયઃ. Coin... Hai... Liberty.. Trust...
Sorry folks, but i don't understand how some can say premiuns are dropping !! If so its insignificant. Ive been checking and watchung what have been the best places to get 90% and seen nothing to jump on. Everything is 23 to 33 x face ive seen. Several place has Franklin 1/2s at 33 x face. Am i just looking in wrong places? I look a lot.
you are looking at the wrong places. I have an oline dealer I buy from often. Got 10$ wash quarters for 189.60 this weekend.
@drewmcclintock7034 well Drew, you may be partially right. I've looked at 20-30 dealers, SD, JM, Monument. Hero, etc etc. I do see some 18 or maybe 19 x face items. Buy there are a LOT of out of stock stickers on items, or they are way over 20x. I did note that the Franklin 1/2s I saw at 33 or 34x were "brilliant uncirculated" and u don't have to have that for our purposes. I'll keep looking. Thx for the response. Stack away !!
Monument last night had Franklin halves, 10$ face for 199$. They were/are in stock.
Dragons hates Yankee.
I don't buy that stuff. I prefer .999. Just my personal preference
I love me some 999 as well 🔥🐉
@@SilverDragons47 Exactly.....even for a barter situation ,.999 can be utilize. You need need junk aka constitutional for that. You can use any .999 for that. Especially if it's coins (sovereign coins). Besides premium of junk silver has gone nuts 😬. Not worth it on my opinion.
@@erikgonzalez3482 You can by constitutional for a lot cheaper than you can get it from SD! I've been paying around 11.5-12% and for barter its as easy or easier than .999
Kennedy 1970 is NOT 40% silver
Half dollars made from 1965 through 1970 are composed of two outer layers containing 80% silver and 20% copper with an inner core of 20.9% silver and 79.1% copper (net composition: 40% silver and 60% copper)
@@michaelmccaw 1970s half dollars were made only in proof sets never into circulation, good luck finding one amongst your change
@@michiganpoke4772 So they are 40% like I said LOL
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I don't subscribe to "junk silver", or to "constitutional silver"...both terms have negative implications. What's wrong with just calling what it actually is, 90% US silver coinage? Seriously???
I'm in the camp who hates the term junk silver. Such a thing does not exist. And "constitutional coinage", ruffles my feathers too, because it is so frigging nationalistic. But then, stackers tend to be nationalists, survivalists...dare I say, Anti-Institutionalists, even Anti-American?
The premiums on 90% have been horribly high in recent years. But, like this summer is the hottest on record, it may be the coolest we'll ever see again, so it is with premiums on 90%. It is a limited, and diminishing commodity. With the premiums on 90% competing with premiums on ASEs, there is not much reason to believe the premiumus will decline. There are no more 90% circulation strikes ever again to be available, and the supply diminishes annually.
It's LONG PAST time to abandon the crap "Junk Silver" handle.
As a Marxist you shouldn't be calling anyone anti-american. Go put on your mask and cry about semantics.
Thank you, yes. People need to stop calling it junk silver. That's not what it is.
you wont get your money back on junk like you would 999 troy silver..
Speak for yourself. My local coin markets always pay up for constitutional silver over silver rounds.
@@JobberJim i am speaking for myself. also most people buying silver and gold have not sold any of it back so its a big surprise for them ..
False
@@dooley417 so you have sold back your junk silver and recouped or even profitted?. not easy unless you bought it decades ago.
currently the best silver is the simple 1 oz rounds like buffalos..you can recoup a lot easier..the ase would have been a choice but the prices get too high.
😡 IT'S NOT JUNK! 😤 IT'S CONSTITUTIONAL SILVER!!! 🤬😣😲💩
yankee laid it out there lol
It IS junk and you should all stay away from it :)
@@SilverDragons47 I love when they call it junk, leave all that trash for me! Mercury Dimes FTW! Stay cool Dragons and tell that Boomer Yankee hi from me.
Deep. Cleansing. Breaths. 😆👌🏼
😂😂😂
Ain't nothing junk about it. It's constitutional silver.
Yankee pushing his agenda, so disappointed , still waiting for a apology
INVEST IN FIAT AMERICAN CURRENCY. BUY TOILET PAPER AND SPAM.
I want to hear from Tim and silver 🐉. Where Tim be at?