Is fractional silver worth buying?
Vložit
- čas přidán 2. 08. 2019
- Channel Bar: mkbarzandbullion.com/discount... Use code: SPEG10 for 10% off.
Patreon: / spegtacular
Precious Metals Verifier: www.sigmametalytics.com Use code: SPEGSALE for a nice discount!
Want “Spegtacular” merch? teespring.com/spegtacular-sil...
Contact me: Spegtacular@yahoo.com
Mail me:
Spegtacular
P.O. Box 1682
New Port Richey, FL
34656
Instagram: #spegtacular #youtube #coincollecting #gold #silver #preciousmetals #investing - Zábava
Imo, a variety of constitutional silver covers most fractional needs. Is cheap and should be a part of almost every stack.
Great minds think alike!
Italian G ....agreed. Constitutional is the best choice for fractional.
I agree with you 100%! My stack is over 50% constitutional silver! Most of my constitutional silver was bought at or below spot
Alex knows what’s up!
Same here and Alex, we also know that 25% of your constitutional silver came from our GAW's 🤣
Constitutional is good also because you have a chance of finding key dates, some of which can have numismatic value way higher than the intrinsic silver value.
Silver Valley Coins and Bullion yes, that too
This is why I buy dimes and quarters. I did buy some fractional grams but who knows if they are even made of silver or are clad copper or something ?
I’m sure you got them for fun ;)
My first buy was grams. That was last year. Just learned about stacking, and thought having 20 grams was better than 1 piece (1 oz). Paid $20 for 10 grams on Amazon. My worst mistake by far. Fortunately, I've grown a bit more wise. ;)
If that’s your worst mistake then you’re doing very well!
@@Spegtacular Thanks to people like you!
I love fractional if it's reasonably priced. Sometimes, I will pay more if it's something really cool and/or rare, like my collection of fractional Engelhard prospectors. Great video!
Hey JM,
Wouldn’t you agree that even reasonably priced fractional pieces are well over spot? Most of the time by nearly double in my experience.
And thank you for your comment :) haven’t seen you around in a while!
@@Spegtacular It really depends upon the relationship between you and the dealer. For example, I got ten 1/10th ounce silver Rambo rounds for $20. I was happy to pay that premium cuz you don't see those every day. I'm willing to pay a lil bit over spot for items that catch my eye.
@@Spegtacular You're welcome! Thanks for another wonderful video. You made some great points. P.S. I love silver in all forms. Hehe
Don’t get me wrong I do too. It’s no secret at all that I buy poured silver and collector stuff. I wouldn’t suggest fractional rounds/bars for the stacker though because of the premium. It’s for fun/collectors. Sometimes you can get some of the premium back when you sell to other collectors.
Great video. 90% is pretty much all I buy. But I'm starting to like the poured silver and old silver bars. They are pretty cool stuff. Love 90% more.
I'm right there with you KD!
Poured is awesome. It’s all collector stuff though at the end of the day. I’m guilty of being a collector sometimes (a lot of times)
It's a thrill for me to go into my local gold and silver dealers and see what kind of great stuff they have. It brings out the kid in me.
Thanks for the great advice.
You’re welcome!
I agree on all points. I have a few one tenth rounds and one gram pieces. Most have been won on gaws and the others are a toss in from my LCS. So while I have a few the best part is that they were free for me. In fact I have never purchased any. I'd like to keep it that way. Thanks Speg.
Same on my end. Those pieces I’ve shown were given to me or won.
I agree. I was buying some 1 gram peices because they were small and cute. It didn't take me long to realize I was paying way over spot for an ounce of gram peices.
Yeah SG...try to stay away from the 1 gram for sure unless you are buying something you like or collectible. For example, the breakaway pieces...those are cool and could be used in a SHTF situation but definitely have a premium.
They are cute for sure.. and they’re fun... so not totally negative ;)
Hi Speg. Thanks for showing the little nuggets. I try to collect some 90% coin & silver rounds & bars.
I cant help but to splurge sometimes to get something really cool. You are right in your video tho.
Thanks a million, Ody Slim
I thought you’d appreciate the shoutout Ody!
I buy tons of silver dimes, however i couldn't help but buy some 1/10th, just so i can say, i have fractional pure silver.
also constitutional silver needs extra methods to separate that 10% copper, so fractional bullion would be a better option if needing silver for melt and in small amounts. (not necessarily for price lol)
I have bought 1/4 oz Walking Liberty from Golden State for gifts and coin shoots. (Coin shoots are when you use a metal detector either in timed race or who finds the most)
Gave one to mt boss in a capsule. It made him start thinking of stacking!
That’s awesome! So in that case, it had a purpose.
I buy the 1/10 ouncers to use as giveaways and to send as thanks for supporting my channel. I try to buy ones that people will like. They are quite a bit more but are pretty cool! As most know, I love and use constitutional silver as my fractional silver. Thanks Speg!!!
Right on TB
Constitutional silver is great! Silver shot is also great if you can find it cheap 😬😬😬😬😬😬 thanks for the video and shoutout Speg!
Thanks for the fractional;)
I agree with you about constitutional silver. It;s the best option for sure when accumulating fractional.
Great minds think alike!
I was going to write that we don't have once general circulation silver coins here in GB. However that is not true. Between 1582 and 1919 British 'silver' coins were .925 fine silver. From 1920 until 1946 British Florins,shillings and half-crowns were .500 fine silver. However after 1947 there was zero silver content in the above coins.
I have never seen any of the coins above as they ceased to be legal tender in Britain around 1970. The whole point of this comment is that the widespread availability of decades old 90% silver is yet another example of the many advantages American silver stackers have over British and European stackers. However things are the way they are. I have learnt to come to terms with silver being much more expensive here and I have decided to stop moaning and research other pm options. I have come up with a stacking strategy that will suit my fellow Europeans. I will tell you what it is: buy 1/10 and 1/4 oz gold Britannias. The premiums are reasonable and there is no VAT.
I had another British member ask me what would be good for him to stack and luckily I suggested your Britannia with a question mark at the end. I guess that I had guessed correctly then :)
Where our “junk silver” is still found today and removed by collectors from circulation, I believe the British powers purposely removed those coins themselves.
I agree about 90% only for fractional silver. I only buy the bullion fractional silver if I'm a few $$ short of free shipping.
That makes sense.
I buy fractional not to resell but as a barter tool if the dollar collapse happens. If it does not then I pass all my bullion and coins to my kids.
Constitutional is king! I like that fractional poured the most tho, Thanks Speg👍
The fractional poured is cool right? Collectors!
@@Spegtacular love it man, did you buy them or were they gifts from the community?
Some of both actually.
1 year later premium: generic 5$, eagle 8-10$, 1/4 oz 5$/ozt at local coin shop. Loved the vid btw just saying times have changed. That said though junk is the cheapest of all right now.
Absolutely
Super like my friend nice 👍👍👍
While I agree, I do have a pretty decent amount of fractionals. That I've run across at/under spot. Then when it comes time there may be a chance to tack on a slight premium. Winning!
When you find fractionally at/under spot please get with us all :) we’ll buy
Read a great comment the other day. Guy said his Quarter back 50years ago, was worth a gallon of gas . TODAY it is still worth a gallon of gas. IT IS A STORE OF VALUE.
Exactly!
as of today here in Texas one silver quarter is worth almost three gallons!
Fill the Trunk with The Junk. SILKY SILVER.
I'm all about silver war nickels and quarters. war nicks have just about as much silver as a silver dime but half the cost, the most fractional of US minted coins, with some cool history and big mint mark behind it.
There’s more silver in a Dime than a war nickel. This is why the dimes are more expensive.
Agree 100%
I think even 1 oz. IS FRACTIONAL.
The thing about 1oz is the premium isn’t so significant usually....usually ;)
Agreed
Constitutional silver is the way to go I totally agree.
I agree too! I got a letter from you yesterday. Haven’t opened it at!
Yet... not at.
@@Spegtacular open it up it's a Thank you letter from me and the girls. I am sending something else soon you will enjoy.
Can I open this one in a friend mail video?
@@Spegtacular If you like👍
a year or so ago you could get a 1/10th silver coin for 2.82 at 17$ spot price.
Today you have to pay 4-5$ per 1/10th silver coin, however spot price is still 17$ a ounce.......
WHAT IS GOING ON!?!?!? lol
I think a small amount of fractional silver has it place. I bought some 1/2 oz bullion silver from JM Bullion when it was reasonable. Thank you Speg.
I mention in the video that some 1/2oz bullion is actually decently priced and I believe it was JMBullion that currently has it as such. Thanks for the comment!
@@Spegtacular . I always try to at least say thank you, sometimes at work I can't say much and I love your enthusiasm Sir. Have a great Sunday.
I know you do :) you’ve been around saying “thank you” for a long time and I always appreciate it. I was pleasantly surprised to see a little more from you this time :)
Did you know that CZcams always places your “thank you” comment in my spam folder... every single time lol
@@Spegtacular . Another channel I responded to said the same thing. Perhaps because I say so little? Maybe bots do something similar?
I’m not sure but I do know that I’ve always approved your comments and I appreciate them.
I have a 1/10 oz Libertad , but generally its a waste of money.
I have a couple that were given to me. I just can’t see paying $65 an ounce for 31 1 gram pieces.
It takes as much labor to strike a 1/10th oz as it does an oz, Ten times the work to strike an oz in 10ths. So it (the tenth) will cost more. Simple as that.
You’re right.
Speg, thanks so much for the video. There are 2 things that you do not mention. First is. frac. silver is almost always .999 silver while "junk" is .90 silver. World demand is overwhelmingly for .999 and .9999 silver. The other is, if you have to sell your "junk" silver, you take a larger hit when you sell, for the same reason above. IMO the only reason to hold "junk" silver is in case of an SHTF Economic Event.
I mention that you’d need $1.40 in dimes to make up 1oz of silver and that’s because they’re 90% which is not a big deal at all. The simplicity of making 90% into .999 is so insanely easy even I can do it ;)
That said, a larger hit vs fractional silver? Or are you saying a larger hit vs 1oz bullion? Fractional silver will destroy you upon selling. I’d blame people selling just any old place for a loss. I have always gained because I know that silver doesn’t have to be sold to a shop but can be sold person to person because it is money.
Thank you for your view / comment
@@Spegtacular - Basically, to each their own in how you want to hold your silver. However, I would not recommend purchasing frac. or 90% except for the reason a previously posted. You take a large hit when selling either one. If you are able to minimize that hit, that is excellent. I still appreciate your video.
@@oldschoolrr6077 You can minimize the cost...especially for 90%. You have to be patient and look around but you can find it below spot which really helps when / if you sell (which is not why I buy it). Thanks.
@@TalkingBullion - Thanks for the info. Like you, I have no intention of selling what little I've got.
Thank you for appreciating the video but I’m still going to argue with you a little ;) I’ve sold junk/constitutional silver and didn’t take a hit. However, when I’ve looked into selling fractional, there has been a considerable SLAP in the face when selling. Shops don’t care that it’s “fractional” and buyers won’t buy from individuals for the same as they purchased them. It’s a nice argument :)
My dog doesn't like the sound of the intro lol but fractional is good if you can get it at the same or lower than generic bullion
Lol sorry about the dog. If you could get the fractional at or near spot then it wouldn’t have a downside
how to make money fast with silver. Work as a nurse for an old collector. Then when he dies, have the wife pay you off in silver dollars, at face value! I know of a case where that happened. About $200 last payment to the nurse.
That’s a sad story.
1/junk + 1/junk = $$$$
👍👍
Seems Fractional will always go for a higher price because simply it is fractional, so the real world uses make is easier to use im guessing or just simply harder to get.
Over the last four decades, when precious metals enjoyed bull markets, junk US silver coins often achieved premiums of 20% to 30% over spot. During the Y2K scare junk silver coins carried a *50% PREMIUM* over bullion products. The premium on old gold and silver has a solid track record of periodically spiking, 09' had a *40% PREMIUM* on common junk, Washington's and Rosies... *even higher on Mercs and Walkers and pre-33.* They again spiked in 2013 and 15'. I have never seen the available metal as right now, Mercs, Walkers, Barbers, SLQ's all just a tick above melt. Here is a chart on premiums, it only covers the last 8 years but it is a cycle that I have seen repeated over the years. Looking historically, there is a good chance this cycle will repeat.
smaulgld.com/junk-silver-premiums/
Also a great article going back farther on premium spikes.
www.cmi-gold-silver.com/90circulated/
Good info from someone who has been paying attention through the years
@@Spegtacular Only since the Sixties.
If you can't afford the $17 for a full ounce of silver then you shouldn't be buying silver.
Basically this!
Ok gonna nerd out on you here. I know you are only speaking from a stacking standpoint buuuuuut, if you check that constitutional silver for varieties and errors etc. Even in circulated grades ppl are willing to pay big bucks. Food for thought 💭
I agree with you. I’ve made some great purchases on junk silver and then found great condition coins.
Amazing what you find in scrap
Yup silver dimes my friend. Stack on spegmistro
Easy to remember right? Speg & dimes
Constitutional silver isn’t it smelly though?
Too bad it’s so overpriced… it looks so good
The only way I would buy fractional silver is if I need a couple dollars more for free shipping.
Someone else mentioned that same thing. I can see that.
ditto.....Italian G...constitutional silver works for me, premiums are to high for fractional silver rounds...
Just buy USA 90% coins, THAT PEOPLE RECOGNIZE. Only collectors would recognize that other crap.
I could not agree more, if going into fractional Silver go with junk/constitutional Silver. It will always maintain original value as a basis for value. Rounds will only be worth melt value, no chance of numismatic value.
Ps, fractional Silver will be worthy when SHTF
Right on. Simple, right?
any amount of silver is still silver
Subtitle: Fractional Silver? Bro, do you even stack?
No, I’ve never stacked. You?
How about silver shot .999
Awesome if you can get it cheap enough. My only issue is that the stuff has no markings or stamps.
@@Spegtacular I agree.
By the time you get old... Look back to this video. You will understand why I disagreed with your thoughts.
My view is.. let a Stacker buy, what he can afford. It could be 1 gram or 2... Depending on his Pocket.
There were times when Silver was so cheap. Even cheaper than my cigarette pack.
But ain't today. So just do your systematic investment in precious metals.
Two grams of silver with these pieces that I have an example of would cost about $6 (not including shipping of around $5 if that’s your only purchase). Now the value in silver of those two gram pieces are approximately $1 (again, not including shipping). I can’t tell those who are new to stacking that paying $6 for every $1 worth of silver is a wise use of their money. At that rate, they’re better off holding their cash.
These videos will hopefully be available when I’m older and I believe I’ll be proud of my recommendations for new stackers and old alike.
@@Spegtacular Can you help these Unfortunate stackers.. Who can afford only 1 dollar. To buy a gram of Silver for half a dollar?
If yes.... Then you are giving them a right vision n direction.
Just because you can afford a Oz that doesn't mean. Every person can.
Always preach... what you have experienced. Not what you perceive.
You can’t buy a gram for a dollar though brother.. you could almost buy a 90% silver dime for a dollar though! See the point this video tries to make?
Buy silver now or regret it the rest of your life.
Ok Tomm! I’m going!