Junk Silver Coins - "Face Value" & Prices (Dimes, Quarters & Half Dollars)
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- čas přidán 23. 07. 2024
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90% Constitutional silver, or "Junk Silver" coins are priced differently than most bullion products. While rounds, coins, and bars typically are priced by their weight, either in troy ounces, grams, or kilograms, Junk Silver coins are priced by their "face value".
In this video I will do my best to explain what this term means, how much silver these coins actually contain, and how to avoid paying too much for 90% silver half dollars, quarters, and dimes.
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#junksilver #silverquarters #silverdimes #silverprice #silverpremiums #silver #gold #silverstacking #stackingsilver
Video Breakdown:
00:00 Junk Silver Face Value Explained
04:00 How Much Silver Is In Silver Dimes, Quarters & Half Dollars
07:56 What's A Good Price For 90% Junk Silver Coins?\
09:21 Is There A Shortage Of Junk Silver?
![The BEST & WORST Junk Silver Coins: Tier Ranking [Constitutional Silver Coins]](http://i.ytimg.com/vi/2susTyViNp4/mqdefault.jpg)
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Can I ask what about 40 percent how to calculate? Thanks for the video
Thank you for your response.
Man it's INSANE how sites are selling a dollar face for over $30 when you can still get bullion below that. Great video for the newer stackers man. I have a ton of constitutional that I'll end up needing to do a video on later at some point when I have nothing else to show. Great points to tech buddy
Excellent explanation of constitutional silver current value and future use. Thanks
They mine more silver and make more bullion every day. They're never making any more junk silver.
On 3/8/23 I picked up $10 face ( Kennedys ) for $202 ! Two weeks later they were going for $ 288 ! HOLY CANOLLI ! ( APMEX & SD TOTALLY OUT OF STOCK )
Didn’t you comment this already?
One of the most expensive junk in the world.
Face value of $1.40 in pre-‘65 = 1 Oz silver
Thankfully I got ahead of the curve and got $400 face value dimes and quarters when spot was at $20-$21. And for the record, SD has some of the highest premiums around.
Okay what’s a better site
@@FFamatta Monument Metals, hands down!!!
I went to the LCS yesterday. She’s just about out of junk. The premiums were high too. She just can’t keep it in the store!
I have a pretty good stash of junk silver I bought back in the mid-2000's, including the US war nickel which technically is the smallest fractional junk silver coin. Good info on your channel!
Always nice to have a refresher
Good topic. Not a lot of channels put out vids on 90% silver. Thanks
Thanks man , big help , liked & subscribed !
Amazing info, thank you very much for educating me and the great explanation of Face Value, just learned something new today.
Very good explanation! Thx for this video.
If you back up the truck at the local LCS and pick a bunch of junk silver do you then have junk in the trunk? 😂
You can if you drive a Honda Ridgeline.
Yep, if you like big butts of silver value. I paid 2.00 per dime, and some are selling for 2.50, just a few weeks later.
@jeanmader2302 I got some for $1.66 the beginning of March . A week later they were $1.70 @ coin show , then Friday they were $2.20 @ coin show.
Excellent video, amigo! 👊🏻 👍🏻
Thank you 👍
Thank you for this video!!!
Very interesting and helpful! Thank you.
Awesome video!! Thank you!
Glad you liked it, thanks for watching!
Thank you for the information.
Yes that's the question on dimes using for barter
I scored a roll of 1923 uncirculated peace dollars today, from lcs, happy dance😂
How much?
I always wonder that too thanks for making this video there are many people selling it at dif prices
Now this is a great video, thanks. Silly question but do you know if the silver or copper are concentrated in certain areas of the coin? I.e. Silver mostly on the surface? Or is it a fixed 90:10 ratio throughout the coin?
I'm pretty certain it's uniform throughout
The mint still makes junk silver proof coins that can be purchased at lower premiums than pre 65 junk. But since it has modern dates they are less “recognizable” than the old stuff.
But it’s alright for fractional comparatively rn, with premiums so high
Awesome question 😎👍💯💯💯💯
I bought some 90 percent the day before the SVB bank failure for 17x face @3.69 over spot. That was luck. Silver was 20.10 I believe. It's my favorite silver to stack
Excellent!
I used to be very bothered that 90% coinage was priced with a multiplier times FV. I figured out that my worry was not the pricing, but the fact that I couldn't make a clear comparison between that and all other Ag which is priced by the troy ounce. Throw in the 90% is often circulated and worn in some degree, you don't even get the BU condition of 1ozt Ag coins or rounds. Erg! Too many variables! I discovered that I can take the multiplier (as 23x FV, then this is the 23) and multiply that by 1.4, and this would give me the price per troy ounce. Good! Down to one variable, the matter of condition. So if I want $1 of FV at 23x, I can see that I'm paying $32 per ounce (even though 90% $1 does not have a full ounce, but the 23 is the fraction of an ounce that corresponds to the 32 for a whole ounce. That's why it works. Now then, after all that, if BU silver coin is $30, I'm getting more for my money by getting the BU silver coin instead of the 90%. and then it's just what's your own goals for the usage to decide whether you buy the 90% at higher cost per ozt.
I just picked up seven Eisenhower silver dollar coins, 40% . Three of them are proofs all in the US mint packaging for $50.
They're the 1971-74 S mint mark.
Plenty of private sellers out there who aren't dealers.
Great Job 40%
perfect .1479 for Barter Big Coin Small Amount of silver harder to lose a bigger coin Plus the Copper
My dollar cost average for ASEs ($26.85) is lower than it is for constitutional silver ($28.95 per oz) because I bought the 90% silver in 2021 and 2023 instead of 2020 when I got the ASEs. But i like that I have it since they are not being minted anymore.
I HAVE 2 1995W PF70 SLABBED AND CERTIFIED. THEY ARE VALUED AT 30,000-50,000 . I WAS OFFERED 60,000 CASH GOLD OR SILVER AT A MAJOR COIN SHOW CONVENTION BY A DEALER. I TURNED HIS OFFER DOWN. THE DUDE FOLLOWED ME AROUND UNTIL I TURNED AND SHOWED HIM I WAS PACKING LICENSED CONCEALED HEAT. HE DISAPPEARED QUICKLY. I BOUGHT THEM BOTH FROM THE U.S. MINT IN A SET PACKAGE FOR A 1000.00. BUT AFTER SELLING THE 4 GOLD COINS IN THE SET EACH 1995W PROOF COST ME LESS THAN 100.00 EACH.
So glad I scooped up $70 face before the premiums exploded 😌
I have a goal for at least $1000 face, but not at the current premiums. I think 19 - 20x face is more sane. 17x face was a definite no brainer lol
I’ll generally buy it at $20xface or under, lots of people are fomoing into it super hard rn.
Some LCS employee cointuber claimed someone purchased $1,000,000 face all at once from the wholesalers (which is why premiums exploded) but I have no way to confirm this, could just be a response to the high demand
I'm 73 y/o. When silver hit $45 per ounce in late 1979 and early Jan. of 1980, you couldn't find any 90% silver to buy. Everyone thought silver was going to $100 and wouldn't sell at any price. Two years earlier it was less than 6 bucks an ounce. Two years later in 1982, it was less than $8 dollars per.
What’s wrong with buying a monster box of eagles? Weighs less than junk coins!
My LCS is at $25.00 face on silver dollars. I should add, that is for circulated, he has some for higher prices.
Thanks for the vid!!
Morgans and Peace?
That's a really good deal
That's about $7 lower than on line brokers...buy some
@David Knigge Mostly Morgan but I think it's the same for the peace dollars too.
Pre-Covid, L.C.S.:
Owner was talking about how much pre-1964 silver he had, that that was using it in his Cash-Register change drawer!
Maybe time to sell/ trade some generic bars or rounds for junk.i have quite a bit but like you said there is a limited supply.potentialy good advice,something to consider.
Thank you for another informative presentation S3! ! Plus there are the silver wartime nickels. I thought it was illegal to melt down coins based on a 2006 law?? Agree about the constitutional silver. Thanks again!
Pretty sure that law only applies to pennies and nickels (and I still stack both anyway!) Thanks for watching 👍
@@SmartSilverStacker Me too. LOTS of wheat backs and pre-1982. TONS of old Jefferson's. Just wish I had the time and patience to go through the nickels to see if any are of the war variety after seeing them at 30x face value!
@@dentside78 Yes it is! I was lucky enough to get ahead of the curve and got a bunch of 90% at 18x FV.
Is it a good idea to hang onto silverware that is made of 925 Silver
Cheers🥃
What about sterling silverware Selling for scrap how would you turn that or get a fair price for Rounds or coins excetera
In Australia I stack pre-decimal which is equivalent to US constitutional - pre 1946 is 92.5% Silver and post 1946 is 50% Silver the exception being the 1966 round 50 cent piece that is 80% Silver, the round 50 cent piece also being the only round 50 cent piece minted, 3 x 1966 50 cent pieces = 1 oz of pure Silver and sell for aprox $14 each ($42 for an ounce) this is approximately $6 over SPOT at today Silver price
Love the Aussie 925 coins, I snag those whenever the Price Is Right. Those 1966 50-cent pieces are also very sweet.
Here in Kansas City prices at local shops have jumped to 22 x FV and many are sold out. I bought 28 lbs from an old lady looking to clean up her estate. Paid $19.04/ t oz. What I"m seeing is this is what casuals want with all the frightening news. So I'm shifting my acquisitions from 1 oz gold to volume junk silver. Hey, stuff is only worth what others are willing to pay.
One persons "junk" is another persons treasure.
Using .715 silver on pre-1964 dimes, quarters and half dollars you would want to know by the ounce. 1.4 x .715 = 1.001 ounce. Work off $1 worth face value. Examples:
Ten dimes at $2.20 cents each = $22. 1.4 x $22 = $30.80. Use spot at $23.50. $30.80 - $23.50 = $7.30 premium.
Four quarters at $5.50 each = $22.
Two half dollars at $11.00 each = $22.
You can pay less premium buying other silver. But, bartering may be easier with constitutional silver.
Great Video. It would be nice to know how dealers come up with their face value multiples when they are selling the junk silver. How do they decide if they are charging 18 X face or 26 X face? What are they basing that on? Thank you.
I'd imagine they just base it on supply and demand. If they keep selling out, raise the price. If inventory isn't moving, reduce the price. Of course it's tied to movement in the spot price, but supply and demand is ultimately the factor that drives fluctuations in premiums.
Very good video thankyou for telling it like it is. Very informative.
I will be waiting for a pullback as well. I miss the days when my local dealer was selling for $14 per $1 face value. I would like to get a little gold as well, but not at all time highs, lol.
There is no pull back in sight on silver.
Any Silver coinage is still at a tremndous value.
@@billrundell2097 There will always be pullbacks in the prices of metals. Throughout history, here have always been pullbacks - fluctuations in price - up and down. What makes you think that now is different from any other time in history?
for a couple of months, i was really enjoying picking up several $s face with each order. now it’s shot back up to ~$24. so $24 x 1.4 = $33.60/oz which is too rich for my blood
@@dentside78 yes. it takes $1.40 face to equal 1 troy oz of silver. this works for dimes, quarters and halves only. there is a bit more silver in silver dollars
Good video. But I'm not sure how I feel about you calling me "junk". 🤣
Should have grabbed a lot more a few weeks ago when it was $17 at Monument Metals per face value.
I’ve been buying nothing but 90% many favorite
When you buy 90% at spot, you get the copper for free!!! Those days are long gone.
.707 ozt on that $1 mercs..yikes. Good vid.
At some point "junk" becomes numismatic
I inherited a couple coffee cans full of silver coins, one of these days I need to go through them and see what I've got
SD Bullion is presently out of all Junk Silver Coins : (
I'm sure alot of new folks are getting burnt on these insane prices I see online.
Good info here!! 👍🏼
Premium on junk was around 15-20% a month ago, now up to 50-60%. Totally insanse.
How do you know that the price and premiums won't keep going up further as the Fed keeps crashing the banks and bringing in their digital currency.
Just saying 6 months from now the price and premiums of today may look cheap, on the other hand if your paying $6-$10 premiums on junk silver coins when you can shop around and get it cheaper yeah you may regret it later .
We all know that at some point silver will become unobtainable, when that occurs nobody really nows eh?
Yep! The 'big boys' are really sticking it to 'em!
Is your scale set up to automatically weigh coins in "troy ounces"?
In other words, is that scale a SPECIALIZED SCALE?
most scales will do troy oz, grams, oz etc
Was so lucky to get 40FV recently at 16.25x before I lost it all…wouldve brought my total to 150FV except i lost the rest of it too….
dang boating accidents
My only issue with junk silver is in the case of SHTF bartering, good luck convincing someone who doesn’t stack that that isn’t just a .25 cent quarter.
Good luck convincing me that your generic buffalo that doesn't even have the maker's name on it isn't fake.
People can learn fast when they have to.
@@MrAngryOldFart I have a better chance convincing you a large round is worth $25 than you convincing me that a quarter is worth more than 25 cents, partly because everyone thinks ALL quarters are 25 cents. Most people would stick junk silver into a vending machine for a Coca Cola.
What about silver dollars? Silver dollars also circulated before 1964. Since they were a heavy coin, they weren't that common, but they were definitely around. They were very common in Nevada where there were silver dollar slot machines. Anyway, what premium is associated with 1964 and earlier silver dollars that don't have numismatic value?
How about sterling silver flatware 9.25 l wonder what can you s ell this for per gram.better than 90%
flatware you will likely get spot or less than spot. Yes it's higher purity but much less desirable than 90% coinage, and it likely has to be need melted down by a refiner.
I HAVE 2 5 GALLON BUCKETS FULL OF JUNK SILVER FROM THE 50'S AND 60'S WHEN I HAD HUGE CUSTOMER PAPER ROUTES. I AM 77 NOW AND STILL HAVE THOSE 2 BUCKETS WITH HAMMERED COVERS UNDER MY CELLAR STAIRS. NO ONE KNOWS ABOUT THEM. IMAGINE WHOEVER FINDS THEM WHEN I DIE. I HAVE NO FAMILY NONE.
I find it hard to buy junk silver because for what I pay, I could get a full oz. And that doesn’t make sense to me to waste money like that
My local is at $26 face. He has a good amount. Not many are buying at that cost.
13 dollars each for halves is ridiculous.
One of the 'big boys' had 90% Kennedy halves last week for $15 each. MOFO's...
Thanks. I don't think of Junk silver much. I have a big bix from grandparents, and might buy a bunch from a friend. I want to be fair.
Where can you get $1 face of junk for $17 four days ago? Lol- Everywhere I look junk runs from the upper $20s going into $40. Even the big metal sources are charging fairly high premiums. Silver was around $24 when this vid was released and idk anywhere selling junk at less than spot, but maybe I'm missing something. Only been in this since January, and when I started asking around what to do to get the most silver for my $- i was told time and time again that junk was sold less than spot. Still am yet to actually see that for sale anywhere online and def not in shops by me lol. In fact by my math with the fact that you don't even get 3/4ths of an OZ per $1 face included, shows junk to have higher premiums than some top world bullion coinage, depending on where you buy it. Im finding ebay with free shipping to be the lowest price to spot lately. So it Seems like 'premium' culture has hit constitutional silver, or maybe it was there all along if its always been sold by $fv
What about pre 33 Gold *zoolander face*
I love your channel. Thank you for this excellent presentation and explanation about 90% silver coins.
However, @11.27 you show us that SD Bullion is SELLING 90% silver for $267.61 per $10.00 face value but @11:56 they are BUYING it for only $200.00 per $10.00 face value. I realize every business needs to make profits, but that's a 33.5% profit. A 33.5% profit seems a bit excessive, especially when the demand is larger than the available supply.
I'm not sure about you, but when I sell something, I try to sell it for as high a price as possible. And when I buy something, I try to pay the lowest price possible. This is how any rational market participant behaves, I don't know why we would expect SD Bullion, or any bullion dealer for that matter, to behave any differently.
I think you have to figure in shipping costs, which are high.
I found the track yes I did
Every single dealer in my county is out of junk. Not one dime left.
Thank you and God bless. Let me ask this if things get as bad as everybody says and you go to the store oh, and let's say they want one troy ounce of silver for a loaf of bread oh, and all you have is constitutional silver how much of a constitutional silver would it take to make one troy ounce silver to buy that loaf of bread?
$1.40 of constitutional silver is equal to approximately 1 troy oz of silver
Thank you
So could someone help me do the math? I’m a little confused on how this works if I have 331 1964 Kennedy half dollars all shiny and perfect condition what would be worth if I went to sell them?
You should have said how much trade value is as of now for dimes quarters and 1/2 dollars?
Trade value?
@@SmartSilverStacker ya how much each dime is worth and same with other denominations? Like say 7.00 per dime right buys you a loaf of bread, gallon of milk? Right if the stores accept it instead of 50 usd for the same get my drift?
I wish somebody could explain to me how you can buy a coin for $27 and next week it's 33 and there's no value on the dollar what is the point of buying or selling?
Not sure where you've been finding $17 fv for these coins, best I can find is $24 fv.
Can't find it anymore. That's what the price was right before the SVB collapse a couple weeks ago.
@@SmartSilverStacker Dang. Missed my opportunity.
Badha Bing Bang Boooooom
I picked up $45 dollars worth, for $14 dollars times face on Saturday.
Wow sounds like a great deal! From where?
@@SmartSilverStacker my local lcs in Southern California
Man I'm seeing premiums at 14$ an ounce for constitutional. It's sad I enjoy collecting them.
*Almost 29$ face to be more helpful lol
Why aren't silver dollars popular for stacking junk silver?
They are somewhat popular, but they have even higher premiums than dimes quarters and halves
I just bought 36 Morgans and Peace silver dollars for $20 each from a private collector. This is about what LCS is paying for them. Took mine to a local coin show and sold 7 of the better ones for $595 to collectors. I learned about toning and condition. I'd love to get some more.
@@MrDavidknigge wow nice work!
A Morgan or peace has .77344 oz in silver, as discussed earlier 90% has .715 silver. Not comparable to regular 90%.
@@selectedsilversire7208 good catch, not many are aware of this. A silver dollar weighs more than ten dimes. (when new)
Sdbullion only gives you that price over spot for junk silver if you sell them more than 500 ounces. Under 500 ounces they only pay spot for junk silver.
Their prices *suck*
I have junk dimes, quarters & 1/2 's sell for 24.50 face
Where can I sell my junk dimes near Springfield, Ohio? I found a jar full of junk dimes that my dad had in a box.
Call your local coin shops, and check out sdbullion.com/sell
I wood hope I can find someone who like to hear about this
I have 1967 silver half-dollar for sale and it looks yellow
conational, historic and any with details/proof should be stored with some protection. not everyone can afford rare examples or dates.
Or another way to figure is you get 1oz. of silver in every $1.40 of 90% silver coins.
This constitutional coinage is now PREMIUM silver. Not “junk” anymore. You will pay a premium on these coins that’s higher than a silver Eagle.
Hah that's a good point!
I loved stacking the formerly “junk” silver for its fractional size options.
1:37
Photos available as ask
Explain rarity like the person who asked the question will probably fall back when he hears that the 1921D walking liberty cost like $300. And that’s not even an MS 70 graded coin.
U may already know. Why a train was for gold and silver
Why are silver dollars not included in "junk silver" ?
Disclaimer for SD bullion:
You can only get a 5 oz silver generic their choice bar at spot and currently you have to spend $500 to get there free due to their $500 temporary minimal order limit...not cool
They're slammed with orders, demand for physical is through the roof.
Maybe we can go camping one day if know what I mine
1 dollar face = .715 oz.
1 Morgan dollar = .7734 oz.
1.40 is a Troy ounce
I have a quarter of American w the back Mexican w/200$ 1212yr
Like a fool, I bought when Russia invaded Afghanistan in 1980 and Hunt Bros were doing their thing. I paid close to 45x. I’m hoping to get at least close to that but am STILL not holding my breath
Stores and individual will not accept Junk Silver because is so
easily to intermix with todays coinage, The future of junk is a
remelt into .999 purity.
Junk would have worked during your great grandmother's day.
I dont get it. I looked at halves and quarters junk. The silver content is based on new coins. Many I have seen have a lot of ware on them and really contain much less actual silver than what they did when new. So you aren't getting what you are paying for unless you can find some with very little ware its better to buy rounds or coins that actually weigh 1oz.
A LCS tried to sell me culls at 20x FV when spot was $21.15. I passed and bought buffalo rounds.
Let me encourage you to no longer call Constitutional Silver 'Junk':
Systematically using the term 'Constitutional' will remind everyone that silver still legally is money, while the currency of today (nickel etc.) is not. Also, 'Junk' is a bit of a derogative that I would NEVER use about anything that is Constitutional, or coined silver.
Of course, others might still use the term 'Junk', that's worth a mention, in passing :)
I know some stackers don't like the term. I don't really care what we call it, at the end of the day it's real money regardless of the label. 3 reasons I say "junk" more often than "consitutional":
1- fewer syllables
2 - it is the more commonly used and recognizable term
3 - the local coin shops I started shopping with as a new stacker called it "junk" so that's what I call it out of habit
Get over it already 🙄
I will always call it junk silver.
How to find the fv of a bag of junk silver if you just have a price?
Maybe u wood be apart of it
I have five cent Jefferson nickel coins 1967
Like land, they ain't making any more of it!
exactly!