Junk Silver Will Become Extinct Except For This One Thing!

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  • čas přidán 10. 03. 2023
  • Junk silver will continue to become more and more difficult to find as it's being consumed at an alarming rate. The only people who will have it, will be the ones who stack it now.
    The Silver Purchase Act of 1946
    www.wikipedia.org/ "End of the Silver Certificates"
    www.silverinstitute.org/
    globalbullionsuppliers.com/en...
    "The Great Silver Melt Of 1980"
    If you would like to send this channel mail that may be opened in one of our videos you can do so by sending it to, "The Silver Joker Channel" P.O. Box 12869 Cincinnati, Oh 45212
    And you can follow me on Instagram
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    All information I present is my personal opinion based on my own experiences and is not considered professional financial advice. When considering investing in physical silver or any other investment, you should seek advice from a licensed professional which I am not
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Komentáře • 397

  • @jeffshaw6518
    @jeffshaw6518 Před rokem +28

    We are saving these coin from getting melted down.

  • @danrumble74
    @danrumble74 Před rokem +34

    Since I was 9yrs old in '84, no silver dime I've had my greedy little mits on has ever escaped my grasp
    😎🚬

  • @veritasfiles
    @veritasfiles Před rokem +75

    I've got about 700+ ounces of Constitutional Silver, and I intend to keep buying it for as long as I'm stacking. It makes up fully 50% of my overall Silver stack.

    • @dylonmcknight1852
      @dylonmcknight1852 Před rokem +2

      Wise and very wise. I like the proportions you are stacking.

    • @johnwhitneykokalis9990
      @johnwhitneykokalis9990 Před rokem +5

      All my pre 65 silver coins are uncirculated rolls. I don't mind paying a small premium for pretty coins. And numismatic value enhances the appeal of owning clean coins also.

    • @theswordguy5269
      @theswordguy5269 Před rokem

      You are a wise man.

    • @mikenelson7894
      @mikenelson7894 Před rokem +2

      I agree, love uncirculated constitutional. Beautiful coins. Uncirculated Benjis

    • @johnwhitneykokalis9990
      @johnwhitneykokalis9990 Před rokem

      @@mikenelson7894 I have a lot of 58 through 63 uncirculated rolls of Franklin half's, mostly 55 through 64 dimes and 63, 64 Quarters are easy to find for just a small premium over the spot premium.

  • @adamjam9541
    @adamjam9541 Před rokem +22

    Somewhere on a farm is large cache of silver coin just waiting for us to dig up. 🤣🤣🤣🤣🤣 Good video as usual

    • @DrSchor
      @DrSchor Před rokem

      i think it is somewhere over, or at the end of a rainbow or gold road or behind a curtain or something, or maybe it's rubies, I;ll have to look it up again. Meanwhile, i am definitely getting one of those tin hats to wear.

  • @TheQuickSilver101
    @TheQuickSilver101 Před rokem +47

    I think having a little history lesson for folks who just don't know about it is a great thing. It'll help the new stackers appreciate the history behind 90% and it's great for helping spread the word. Thanks, SJ!

  • @jasonandjulim4163
    @jasonandjulim4163 Před rokem +17

    Here's a tip for the searchers. If you have access to a house or building built before about 1970. Get a sifter and a shovel and dig up the dirt around the front and back steps or anywhere that people would sit or come and go. You will find a lot of dimes and quarters. Wear gloves because you will also find a lot of broken glass and rusty nails.

    • @AmericasFavoriteLawnBoy
      @AmericasFavoriteLawnBoy Před rokem +2

      Do a lot of metal detecting I will try this around the foundation area since it's hard to detect

    • @bsanchez3563
      @bsanchez3563 Před 3 měsíci

      @op why would broken glass and nails also be a thing common there?

    • @saph100
      @saph100 Před 22 dny

      Because homemade landfills were a common practice up until the 1970s.

  • @mikepurdy3952
    @mikepurdy3952 Před rokem +3

    When the price gets High enough, All that 90% will flood back into the market.

  • @slapdat.byteme
    @slapdat.byteme Před rokem +2

    Can’t say “goodbye” to junk silver, since I never said “hello” to it in the first place!

  • @TheSilverBackStacker
    @TheSilverBackStacker Před rokem +25

    I was not too fond of junk silver for a while. Now I'm in love with it. I just came back from my LCS today with 300 dimes.

    • @ronbell3986
      @ronbell3986 Před rokem +2

      How much did you pay?

    • @EndTheFed1933
      @EndTheFed1933 Před rokem +2

      Same here, just started stacking, got a nice base built up and now I'm loving the junk silver lol

    • @TheSilverBackStacker
      @TheSilverBackStacker Před rokem +1

      @@EndTheFed1933 That's awesome.

    • @TheSilverBackStacker
      @TheSilverBackStacker Před rokem +2

      @@ronbell3986 $16.75 face

    • @ronbell3986
      @ronbell3986 Před rokem +3

      Wow! Way to go man! I want to go to your lcs! The places around here are wanting 18.5 to 20x. Maybe they would mail me some. Im excited for you bro!

  • @bobegan2121
    @bobegan2121 Před rokem +14

    Always awesome to consider……. In the late 60s and early 70s during gas wars, a gallon could be bought with a quarter. TODAY a gallon STILL can be bought with a silver quarter.

    • @ronskancke1489
      @ronskancke1489 Před rokem +1

      I bought gas in the late 60s at .09 and 11 cents during some of the gas wars.normal was around 30 cents.

    • @pouglwaw5932
      @pouglwaw5932 Před rokem

      Yes- In 1790 a top-quality men's suit cost one ounce of gold. Today, New York's top-quality suitmakers charge almost $2,000.-the price of one ounce of gold.

  • @johncrace911
    @johncrace911 Před rokem +6

    Silver Dollars,Walkers,Franklins, Mercury dimes, you can hold and wonder what and where that coin has been. You don't get that with bullion.

  • @richardbehappy5412
    @richardbehappy5412 Před rokem +36

    You hit it on the nail with this video. Been watching your channel for years. No doubt silver supply is dwindling not only due to destruction and collecting but also due to foreign countries purchasing thousands of tons on a monthly basis. India and China specifically.

    • @dylonmcknight1852
      @dylonmcknight1852 Před rokem +4

      I had no idea junk silver was going overseas. Thanks fir the comment.

    • @rockguitarist931
      @rockguitarist931 Před rokem

      BRICS is going to wreck the dollar, hyperinflation is on the way thanks to our A$$-backwards foreign policy.

    • @GazB85
      @GazB85 Před rokem

      Not so much junk silver but’s getting melted down, turned in to .999 fine billion and sold abroad.
      A few years back (2008 - 2014ish.) the bank JPMorgan was the biggest buyer of silver and gold.
      China and India are buying loads too cause they’re sick of the US (fiat) petro-dollar, which is the world’s default currency being used as an economic weapon.
      Saddam Hussein was gonna start selling oil in Euros as well as Dollars and the US lied about WMD’s and got rid of him.
      Gaddafi was wanting to create a gold backed African Union Dinar, which would have also weakened the dollar’s position and he was done away with.
      The BRICS and Saudi Arabia are looking at trading (Just oil or internationally I can’t remember.) in gold, which is obviously a threat to US interests and will lead to the US using both hard and soft power in Brazil, South Africa and India and are obviously using more aggressive tactics with Russia and and especially China, ramping up lies about a Cold War 2.0 when the US/West and global economies are too inter-dependent on each other to go to war.

  • @rvnmedic1968
    @rvnmedic1968 Před rokem +7

    Your vid? I liked and subbed. It's that good. I love the old quarters, halves pre-1915. I was 11 years old in 1958 and remember the merc dimes, buffalo nickels, standing liberty 25c, even some Barber halves occasionally. A kid I knew in the early 1960s said his dad had a complete Merc Dime collection in BU. He was prone to exaggerate so I challenged him on it. He said, "you'll see!" and biked off to his apartment.
    The crazy kid came back with a shopping bag hanging off his bike and took out the Merc Dime collection in one of the premium collection books. Unreal! Everything looked gem, no empty spaces. I can't imagine what that would be worth today. Cheers from Syracuse, NY. Bob

    • @SilverJoker
      @SilverJoker  Před rokem +2

      Thank you for the Subb, my friend. Very interesting story about the mercs. It would be nice to have that collection right now right?

    • @jt9451
      @jt9451 Před rokem

      The Mercury Dime set would sell for $1100 to $1200 in good to fair condition.

  • @dannydyer9961
    @dannydyer9961 Před rokem +6

    All of my 90% is on the market and for sale. For the right price. The first time Silver goes back over $50 their will be way more selling back into the market than we have now. And their will come a day when no amount of currency will trade for any amount of Silver

  • @oconnormcgee2549
    @oconnormcgee2549 Před rokem +6

    You're right they keep melting it down getting lest of the junk silver around

  • @Benjamin-ol4jx
    @Benjamin-ol4jx Před rokem +22

    When my cousin's dad died in the 1980s I helped them sort his 5 gallon water jug filled with coins. Many coins were 90% silver. It was not too rare in those days to come across 90%. I totally believe the 55 gallon drum story.

    • @tristan28849
      @tristan28849 Před rokem

      I do coin roll hunting and I still find 90%. Granted, definitely more rare now.

    • @joethebassplayer
      @joethebassplayer Před rokem +3

      isn't your "cousin's dad" an "uncle"? Absolutely none of my business... just curious about the literation of the sentence...

    • @OldsVistaCruiser
      @OldsVistaCruiser Před rokem +2

      @@joethebassplayer - The father could be a cousin as well. The grandfather would be the uncle in that situation, and the grandson that was referred to is actually a first cousin once removed.

    • @gossamer1234
      @gossamer1234 Před rokem +1

      @@OldsVistaCruiser well, is it actually his cousin or a friend? like my mom remarried well into my adulthood. i refer to him as my mom's husband. not even as a stepfather. technically his is, but i will never ever call him a dad, stepdad or otherwise.

  • @davevancise
    @davevancise Před rokem +3

    Great Work. When I find a Mercury dime with my metal detector, I am pumped up. You can never have enough old silver!!! Thank you.

    • @DrSchor
      @DrSchor Před rokem

      some people are easily amused

  • @Raycheetah
    @Raycheetah Před rokem +33

    It can be useful to keep in mind that $1.40 of 90% Silver US coins in any combination (excepting dollars, for some reason) contains one Troy Ounce of pure Silver (and a bonus content of Copper). That means that, if you ever need to barter, bullion silver should trade at $1.40 "hard" per Troy Ounce with these coins. =^[.]^=

    • @ricardosmythe2548
      @ricardosmythe2548 Před rokem

      If Silvers value remains at the same level in regards to currency. If you ever have to barter it most certainly won't be

    • @Raycheetah
      @Raycheetah Před rokem

      @@ricardosmythe2548 I'm talking about face value in coins, not spot price. ='[.]'=

    • @silverhustlin1390
      @silverhustlin1390 Před rokem

      I think it’s $1.20 to an oz

    • @ricardosmythe2548
      @ricardosmythe2548 Před rokem +1

      @@Raycheetah the value of the coins in regards to currency is constantly shifting. If you get to the stage where you have to barter the dollar will of had its value smashed.

    • @Raycheetah
      @Raycheetah Před rokem +2

      @@ricardosmythe2548 True, but not pertinent to my original point. ='[.]'=

  • @borisperez3129
    @borisperez3129 Před rokem +5

    SJ my junk silver is like the the junk in the back of my old lady, it is precious to me. I have other types of silver but my junk is valuable to me. Couple yrs ago I started putting some albums together aside from the tubes just to occupy my mind, that and CRH has kept my sanity in the last three years. Good point lots of ppl forget is how much junk was melted including lowly 40%. Thx 🙏

  • @mimaroo1431
    @mimaroo1431 Před rokem +7

    I remember my in-laws telling us how they got a pile of the first American eagles. They were visiting my mother in laws hometown during their two hundred year celebration. They were promoting the eagles by giving an eagle for a fiat dollar one to one. I don't know how many they had, but my mother in law apparently got as many as she could. She also won 10 ounces of gold in a contest another time. My father in law passed away in December. My husband's two brothers are the executors of the will. I'm hoping that they split the precious metals equally and don't sell them or give us the option of taking the metals rather than the fiat. It's unfortunately not up to us.

  • @matthewwynne939
    @matthewwynne939 Před rokem +33

    Over the years I had amassed about $1,700 in spare change. Finally I decided to painstakingly go through it all and sort it all by year to aid in the process of trying to see if there are any valuable coins in my collection. Out of all the coins there wasn't the single one from the junk silver era, which kind of goes to show just how locked up constitutional silver is.

    • @Braderlinger
      @Braderlinger Před rokem +2

      I did the same thing with roughly $400 in coins and not one 90% coin in there

    • @christofour217
      @christofour217 Před rokem +3

      I got a 1963 Quarter in change about 5 or 6 years ago.

    • @johnstudd4245
      @johnstudd4245 Před rokem +5

      I started collecting coins as a young kid back in the early 1970's. Even at that time you did not find many in circulation.

    • @tonyprice2256
      @tonyprice2256 Před rokem +2

      @@johnstudd4245 Same. I got interested in the old coins because my mom gave me a bunch that were handed down to her that she had held on to. We had an old coin dealer in our area who would intentionally put a few old coins into circulation in hopes that it would spark interest in old coins by random people. He wouldn't toss out anything of real value - just a few silver dimes, quarters, buffalo nickels, Indian pennies, etc.

    • @boxbox2300
      @boxbox2300 Před rokem +2

      I had a water bottle full of coins from over the last 4-5 yrs , ended up with $387.48 and only one 1940 nickle in it all. Figured i'd at least find a couple Roosevelt's , NOPE.

  • @jduff59
    @jduff59 Před rokem +6

    I just picked up another 15.00 face because the prices are better recently. My goal is to reach 200 face in 90%. I love everything about it as well. It's history that you can hold in your hand.

  • @csm92459
    @csm92459 Před rokem +12

    When you mentioned it I remember that period--it wasn't just coins--there were lots of stories of newlyweds showing up at salvage centers with incomplete silver flatware services they had been gifted. The meltdown prices had gotten to the point they doubted they would ever complete the dinner service so they were cashing in their wedding gifts. I had completely forgotten about it.
    I had read an article about an executive of (I believe) one of the salvage companies. He was at a packed drop off site on a Saturday. This couple comes in with a large box and begins to off load an almost mint condition Art Deco Tiffany silver coffee and tea service. In addition to the core pieces it had all the bells and whistles--slop bowls, sugar tongs, a huge tray. The couple shared the story--it had belonged to an ancestor, obviously wealthy during the '20s but struggled during the depression but kept holding onto this last relic of better times. The modern couple just couldn't see keeping it and now having to insure it.
    The article concluded with the guy admitting he bought it off the couple. Although he had a full collection of other silver he couldn't let the Tiffany masterpiece be scrapped.

    • @SilverJoker
      @SilverJoker  Před rokem +4

      Thanks for sharing this interesting article.

    • @Raycheetah
      @Raycheetah Před rokem +3

      I like a happy ending. =^[.]^=

    • @ickster23
      @ickster23 Před rokem +1

      The other tragedy was the silver military gallantry medals sold off so the descent could get another case of beer. 😢

    • @GazB85
      @GazB85 Před rokem

      Reminds me of when I read about huge bonfires in San Francisco in 1875 and the early 20th Century US where they’d burn opium pipes that were literal works of art made from ivory, silver, wood, bamboo, jade, opal and other precious jewels, stones and metals.

    • @pouglwaw5932
      @pouglwaw5932 Před rokem +2

      That's good news. So many silver and gold masterpieces have been melted down. In the late '60s, I was riding N.H.'s country roads and saw a roadside flea market and an older lady had 3 tables full of sterling and gold items- it was blinding in the sunlight. She told me her husband was a metals assayer who tested and melted down items for dealers. It broke her heart to see beautiful, unreplaceable things melted down, so her husband said " You should take the best items and sell them at weekend sales, priced just a little over spot price. I still have the few, charming sterling pieces I could afford. She invited me to see what they had in their 1880 mansion- a pair of 5 ft high ornate vases in sterling, a heavily carved sterling tea set w/ tray, a silver punch bowl that must have weighed 25 lbs, whole trays of 22k gold pocket watches, etc. I've never seen anything like it since.

  • @Pilak357
    @Pilak357 Před rokem +10

    I really enjoyed the information. I am a fairly new stacker, (less than a year). And I have been grabbing some of these coins every chance I get. I, like yourself enjoy the history behind the coins. And also I agree, maybe not in our lifetime but at the rate it's going sooner or later they will be gone! Great video!

  • @heygetoffmylawn1572
    @heygetoffmylawn1572 Před rokem +3

    Great content SJ. I appreciate all your knowledge and I learned a lot. Thanks for your advice. 👍💰

  • @spiritarca1906
    @spiritarca1906 Před rokem +3

    Some people call it junk. I call it insurance

  • @richhaney9031
    @richhaney9031 Před rokem +2

    Thanks, Joker! Enjoyed the background on Junk Silver. Can't believe almost everything I touched as a kid was 90% silver! Wish I saved it all...

  • @MarkGesswein
    @MarkGesswein Před rokem +1

    Just did a quick perusal of some of my favorite online bullion dealers, and Constitutional silver is all but UNATTAINABLE. 90% silver dimes? GONE! 90% silver quarters? GONE! 90% silver halves seem to be the only thing available, and NOT cheap!
    The supply of available Constitutional silver is drying up FAST!

  • @TimothyWhittingtonYeOldeRufus

    I peruse many stacker channels for various areas of learning. I enjoy your channel very much. Stack on, marine!

  • @duckhunter8387
    @duckhunter8387 Před rokem +7

    Paid $16.00 x Face for 40 Walking Liberty"s yesterday (10 Mar 23).

  • @graywade9225
    @graywade9225 Před rokem +1

    Silver Joker - so happy I just stumbled on your video for the first time. Subscribed! You really gave an excellent history lesson, Thanks!

  • @saltyuno
    @saltyuno Před rokem +4

    When I worked for the convenience store Wawa back in 2008, I was able to randomly find a junk silver dime or quarter every once in a while. One time had a customer that must of raided their grandfather's collection, she bought a pack of Newport with all constitutional, about 7.50$ at the time, which I exchanged out for dollars soon after. Pr9bably the last time I've seen constitutional in the wild, so 15 years...

  • @normangage6953
    @normangage6953 Před rokem +2

    Good content and good observation. There is an end to the road so stack up while the getting is good! Thanks Joker!

  • @larrylewis6725
    @larrylewis6725 Před rokem +1

    That was a very good video with pictures of silver in different forms. I took a bunch of screen shots to share with family/friends and the link to your video. Great job Silver Joker!

  • @oldscoolcooldiecast1879
    @oldscoolcooldiecast1879 Před rokem +4

    One thing I can’t get enough of is history. Thank you. Not a fan of fear mongers but love to hear good honest history Learned a lot

  • @saltwatersaddletramp7229

    I went to a local coin show this weekend and other than silver dollars, junk silver was almost non-existent.

  • @hdrvman
    @hdrvman Před rokem +4

    I have a local "WE BUY GOLD" dealer who sells me his "junk" silver for spot !!!! I guess he pays somewhat less than spot.

  • @davidschreiner6667
    @davidschreiner6667 Před rokem +5

    90% premiums are ridiculous. I have bought some from private owners at more reasonable prices. But lately I just buy .9999 fine silver ounces usually foreign mints but still sovereign coins.

  • @cheaplaughkennedy2318
    @cheaplaughkennedy2318 Před rokem +3

    Excellent episode SJ , very interesting , really learned something.

  • @cherokeefit4248
    @cherokeefit4248 Před rokem +5

    Love the 90%. Each coin has its own value and it’s getting expensive lol

  • @carolinacoins
    @carolinacoins Před rokem +3

    Thank you for the education. I could listen to you for hours.

  • @lastboyscout-5511
    @lastboyscout-5511 Před rokem +4

    We still have plenty of Morgan Silver Dollars and Peace Silver Dollars for sale... only at prices far above the silver value.

    • @tristan28849
      @tristan28849 Před rokem

      I don’t think those are really considered junk silver unless they are in terrible shape

  • @thinkingoutloud6741
    @thinkingoutloud6741 Před rokem +1

    The premium for 90% silver is already through the roof. The dealers are currently around $17 per ounce in PREMIUM. Significantly higher than Silver Eagles. If you want premium silver, consider silver Eagles.
    As he said, it is no longer “junk” silver.
    2-3 years ago, yes, I could buy it for less premium than Silver Eagles. And I did, believe me. But today, no way. It won’t be much longer before 90% silver coins will sell at double the premium over Silver Eagles.

  • @scotts1356
    @scotts1356 Před rokem +3

    Some of us complain about paying 18 times or more, for junk silver. I think in a year or two, we'll "wish" it was only 18 times! There's a finite amount of junk silver available and too much demand. That equals higher prices.

  • @temims
    @temims Před rokem +1

    Awesome video!!!! Validates my own thinking!!!!

  • @williamparsons6073
    @williamparsons6073 Před rokem +3

    And it's fun to collect! Great content! Thanks!

  • @robertb4701
    @robertb4701 Před rokem +5

    Don't forget. The members of the baby boomer generation are now retired, dead, or close to retirement. That silver is now being sold back for living expenses and sold in estate sales. So I think it'll stay available for quite some time. As we know that generation was quite large. The current generations are smaller.

    • @silverhustlin1390
      @silverhustlin1390 Před rokem +1

      Good catch! I’ve been preaching this for years! As boomers go on their collections will hit the market and devalue some of the older silver dollars and the like!

    • @robertb4701
      @robertb4701 Před rokem

      @@silverhustlin1390 Are you buying this type of silver? I didn't for a long while, as it had higher premiums. Lately those premiums have disintegrated. Now I resumed buying some.

  • @RoyalKennedy601
    @RoyalKennedy601 Před rokem +1

    Thanks for the great video . Constitutional silver is such a historic treasure . It’s my favorite silver to stack . I couldn’t get myself to melt it down to me that’s akin to tearing down a beautiful historic building . I don’t care what the melt value is I’d never melt it .But I think as time goes by it will appreciate many times what it is now . Growing up in the sixties to me when I hold it and look at it it takes me back to so many memories .

  • @jerrybarnes8942
    @jerrybarnes8942 Před rokem +3

    Good info SJ. Keep stacking. Peeeeeeeeeeeace!!!

  • @retrop1401
    @retrop1401 Před rokem +1

    Thanks for the history lesson SJ! If some of those coins could talk we would definitely hear some good stories! Keep Stacking, Peace!

  • @manicminer8813
    @manicminer8813 Před rokem +4

    Greshams Law, bad money drives out good money

  • @Seven-Seven-77
    @Seven-Seven-77 Před rokem +3

    Some great points - thanks for the video

  • @AnthonyAlba-to2gh
    @AnthonyAlba-to2gh Před rokem +1

    We're not worthy, we're not worthy. Thanks for your sharing of almost lost history on junk silver!

  • @lindyc.2552
    @lindyc.2552 Před rokem +2

    I LOVE American history!!!!
    While you were talking, I felt sick that so much of this historical coinage was and is being melted down!!!
    I do understand people's reason for doing so....But, it really hurts to see all these historical coins coming to an ignominious end.
    I'm glad some people are trying to preserve these beautiful coins!!!

  • @trackpackgt877
    @trackpackgt877 Před rokem +1

    Unfortunately refineries are still melting 90% down!!! It should be illegal to melt our old coins down it's part of our history it can never be replaced or reproduced once it's gone it's gone forever! Great video brother the only way constitutional silver will be available for our children and grandchildren is if us stackers save as much as possible and pass it down with the history that comes with it

  • @rustyedwards9053
    @rustyedwards9053 Před rokem +3

    Always enjoy your messages good information

  • @loanthruag6778
    @loanthruag6778 Před rokem +1

    A top notch and thorough report! Thank you!

  • @delmonicofarquhar9893

    Good video-- almost a public service! I agree with everything you say, including your appreciation for "historic" silver.

  • @awakening1776
    @awakening1776 Před rokem +1

    Great video! Keep them coming, sir!

  • @russellharrington6038
    @russellharrington6038 Před rokem +2

    Great video! I enjoyed your history lesson and advise.

  • @drip369
    @drip369 Před rokem +5

    They minted 1964 quarters i think up until 1968, can't find the article but they had so much extra blanks they didn't refine for who knows why, so many of the 64 quarters weren't made in 1964, but after

    • @tennesseecoinco
      @tennesseecoinco Před rokem +1

      That is not true at all they switched to 1965 clad quarters and by Jan of 1965 people were already starting to pull from circulation all the silver.

    • @jedimindtrick8966
      @jedimindtrick8966 Před rokem +2

      ​@@tennesseecoinco 1964 quarters were minted until spring if '66 even though 65 clad quarters were already in circulation. This was to prevent the realization that 90% was being hoarded on a large scale to keep others from jumping on the bandwagon. The massive drain of circulating quarters would have a detrimental effect on commerce so this parallel date/composition minting was authorized. The 64 dated coins are all 90%, the 65 and later were all 0%

    • @tennesseecoinco
      @tennesseecoinco Před rokem

      @@jedimindtrick8966 We were already pulling 90% better date dollars in 63 would sit and go through the bags of dollars in basement of Third National Bank and just pull CC’s and other better dates until a friend came up with idea lets just borrow the money from the bank and get all 70,000 silver dollars they still had in the vault. I told him saw no future in it so he did it by himself. Two years later common dates were 3.25 each he did very well including one nice 93-S in the mix.
      Point is here there was no bags of 90% left in these vaults by January of 1965 none it was all ready drained. One banker himself had bought 4-55 gallon barrels of Silver Dollars his name was CH Butcher many remember him. You still would get a small trickle of 90% from the public all the way to mid 1970’s But no influx of minted coins after late 1964.

    • @jedimindtrick8966
      @jedimindtrick8966 Před rokem

      @@tennesseecoinco "The Philadelphia Mint produced 258,132,000 silver quarters during 1964 and another 282,388,000 the following year. This number was supplemented by the recently reactivated San Francisco Mint, which struck 15,229,720 during 1965 and 4,640,865 early in 1966, all without a mintmark. These four numbers give us the grand total of 560,390,585 1964(P) quarters found in catalogs. While mintmarks had been suspended for the new clad issues, the Denver Mint continued its distinctive "D" for the silver coins. Of the 704,135,528 quarters dated 1964-D, just 123,801,308 were produced during that year, the greater balance being made in 1965."
      "The new Kennedy half dollar was released to an extremely eager, worldwide public on March 24, 1964. This signaled the death knell for the half dollar as a circulating issue because nearly every example was set aside as soon as it left a bank. In a futile effort to keep the coins in commerce, the Philadelphia Mint struck 87,448,004 during 1964, another 144,182,000 the following year and a final 41,674,000 during 1966, all dated 1964(P). Denver contributed 114,411,608 1964-D halves in 1964 and an additional 41,793,838 in 1965."-article on ngccoin dot com

  • @Joe-nk5kt
    @Joe-nk5kt Před rokem +1

    very good coverage on that history, thanks

  • @Teh-Jones
    @Teh-Jones Před rokem +3

    Good stuff SJ!

  • @wknfriends4138
    @wknfriends4138 Před rokem +4

    I love the old silver. My favorite is the Dollars! Then 2nd the mercury dimes. I wish I had more of it, but oh well. Say do you think these Banks failing is going to effect the price of silver to buy it? That's what worries me. Once a while back it became out of reach for me. I had to wait to buy it again. During the lock downs I went to my coin store, and I had to pay $55 for one old Silver dollar and two scrap quarters. UGH I swore never again. But the price came down and now I am trying to save to get a few more before I cant.

  • @stephenwilder3525
    @stephenwilder3525 Před rokem +1

    Your passion is contagious. Thanks for the video. Very informative.

  • @paleo75
    @paleo75 Před rokem +1

    Another wonderful video, thank you!

  • @BarrettPvP
    @BarrettPvP Před rokem +13

    I love constitutional silver, I also am in love with the old classic commemorative half dollars. To think a lot of those beautiful coins have met a horrible death in the bottom of a refinery crucible is sad to think about, like the unsold commemoratives that were melted down after the event hurts to think of. The worst of all is that its still happening today, I think it should be stopped in some form to preserve the history that is being melted, and to allow collectors and stackers to get a chance to save them from being turned into bulk silver.

    • @tinastanley4444
      @tinastanley4444 Před rokem +1

      Agree 1000 % with you.

    • @johnstudd4245
      @johnstudd4245 Před rokem +2

      It is already illegal to melt US coins and sell it for profit. Also their is no need to, "junk" silver is very marketable as is. Dealers sell it by X amount times face value, depending on what the spot price is.

    • @GazB85
      @GazB85 Před rokem

      @@johnstudd4245 I thought it was only illegal to melt down currently circulating/legal tender coins and ‘junk silver’ isn’t still used as legal tender cause of the silver content.
      Also the US government has melted tonnes and tonnes of 90% junk silver.

    • @johnstudd4245
      @johnstudd4245 Před rokem +1

      @@GazB85 Those coins are still legal tender. You can find them in circulation every now and then. Although you would be foolish to use them in that way. The Govt can melt them, it is their property, they made them. And of course we know that the Govt can do many things legally that we as private citizens cannot do.

    • @deker0954
      @deker0954 Před rokem

      @@johnstudd4245 some dealers melt the stuff and purify it on order from a collector. It's real value is in the silver content. Pour it into a bar add on the profit and costs and stick it to em'.

  • @posterlion
    @posterlion Před 4 měsíci +1

    Just bought my first $10.00 face value of half dollars today. I'm hooked. 🙂

  • @jimthompson9992
    @jimthompson9992 Před rokem +1

    Love my constitutional silver! Great information Silver Joker! Keep that train rolling!! Take care, be safe and God bless! Peace!

  • @stantonmagid4126
    @stantonmagid4126 Před rokem +4

    Very informative thank you

  • @530eman
    @530eman Před rokem +1

    Great history lesson my friend, thank you 🤙🏻💥

  • @bahapanties
    @bahapanties Před rokem

    I appreciate you making this video and speaking on the real fractional silver that's under the radar in my opinion. Keep stacking

  • @trentvo2736
    @trentvo2736 Před rokem +1

    You are 100% correct and everything you say, I just subscribe to your channel. I really enjoy the contact that you share in the history behind it, I’ve been stacking for about three years maybe four, but I can see it in just a short amount of time how constitutional silver seems to kind of like surge slowly, but I think you’re right it’s will be coming to an end eventually.

  • @poormanstacker
    @poormanstacker Před rokem +1

    Silver joker stays classy! Love the channel my man.

  • @silvershirebjj
    @silvershirebjj Před rokem +1

    Your passion for this industry comes through in all of your videos. Incredible. 👍👊💪❤️🥈

  • @davidyoder6283
    @davidyoder6283 Před rokem +1

    Great video, keep up the good work!

  • @everettwhite9874
    @everettwhite9874 Před rokem +1

    This week I’m going to try and fill a lil void with some 90%.
    It’s always good to hear a POV that you might not be considering at the time. I appreciate you Bro.
    So, I’ll be checking with a couple of LCS to see what they’re asking.
    Thanks. I’ll be watching for your next video. 👊🏽

  • @dumpsterchicken6287
    @dumpsterchicken6287 Před rokem +2

    Great video. Thanks for the history lesson.

  • @SilverWealth_Draper_Mint

    Old private mint bars have already become extict. Prices at all time highs. Hottest talk of the collecting market
    Draper Mint
    Engelhard
    Matthey
    Swiss of America Utah

  • @Quahogstacker
    @Quahogstacker Před rokem +1

    Great video!! Thanks for sharing 👍👍👍

  • @2AEnthusiast
    @2AEnthusiast Před rokem

    Excellent points. Many mintages were low and there are fewer survivors with each passing year.

  • @user-nx8yj3iu1z
    @user-nx8yj3iu1z Před 5 měsíci

    Great info thank you silver joker

  • @bencausey6319
    @bencausey6319 Před rokem +1

    Really good show. Keep up the good work. Thank you

  • @johnbethea4505
    @johnbethea4505 Před rokem +9

    My brother and I bought silver for the Hunt brothers. It was amazing how much silver coins and other silver items were bought. We put the coins in thousand dollar bags. We also bought gold. I wish I had it back now...

    • @GazB85
      @GazB85 Před rokem +1

      Damn, please tell me you have a blog or channel explaining what happened?
      How did you get involved buying silver for them?

    • @johnbethea4505
      @johnbethea4505 Před rokem

      @Gaz I got involved through others. Many people in the USA were part of this buying of silver and silver items. We also bought plenty of gold and paid people for gems out of good rings. It was amazing how much metals could be be bought back then...

    • @GazB85
      @GazB85 Před rokem +1

      @@johnbethea4505 Cool.
      So you were buying small stuff on a large scale for them back then?

    • @johnbethea4505
      @johnbethea4505 Před rokem

      @@GazB85 yes, sort of. You would have been amazed to see so many old silver coins and other silver items that came out. Plus gold in many forms such as rings, necklaces, bracelets, coins, etc..almost everyone made money. Always busy..

    • @GazB85
      @GazB85 Před rokem

      @@johnbethea4505 I’d of loved to just spend time looking at all the coins.

  • @elmerfudd3216
    @elmerfudd3216 Před rokem +1

    The silver coins are shipped to Silver Refiners not mints.
    We only melt Cull coins today and we resale the rest.

  • @thetobaccoguy1751
    @thetobaccoguy1751 Před rokem

    Junk silver is already becoming hard to find. When I started stacking 15 years ago, it was the cheapest form of silver. Now it has a super high premium.

  • @jefflwadfordjr.1128
    @jefflwadfordjr.1128 Před rokem +4

    I collect 90 percent. Two days ago I got a shipment of 90 percent and there was a 1932 Washington quarter included. I bought 30 face value in that shipment.

  • @mauritzkarlsson4353
    @mauritzkarlsson4353 Před rokem +3

    I'm a stacker/coin collector living abroad(Sweden) and american coins is one of my favorite areas of collecting and stacking. I come by constitutional silver now and then and always try to lay my hands on it. They are also easy to liquidate since a lot of people like them. Great stacking material and if a better grade a collectors item. We also have our own "constitutional" silver with 80, 60 and 40% silvercontent that one can buy pretty cheap if lucky.

    • @GazB85
      @GazB85 Před rokem +2

      I have a load of Swedish 80% Krona’s.
      Great looking and the 2 Krona are exactly double the weight and silver of the 1 Krona.
      I’m in England, so British ‘junk silver’/‘constitutional’ silver being sterling 92.5% silver pre-1920 and 50% post-1920 to 1947.
      I prefer to get the sterling but it’s so much more expensive than the 50%.
      I like to get British Empire/Commonwealth and American the most as they’ll have recognition and the writing will be in English.

  • @marcp3461
    @marcp3461 Před rokem +1

    Talking about silver, I obtained two 1964 Kennedy halves at face value from my local bank today. I saw this and might reconsider not selling anymore. I normally accumulate silver from coin roll hunting and sell it off for fiat.

  • @chadcorbett880
    @chadcorbett880 Před rokem

    What a great history lesson on a truly valuable topic. And I mean that on both sides of that pun-coin. I love silver too, so thank you for the lesson!

  • @arronhopsburg8532
    @arronhopsburg8532 Před rokem +1

    In Canada coin silver (80%) is taxable. Buyers prefer 99.9% silver which is largely exempt from sales taxes. Consequently large volumes of coin silver wind up in the refineries along with old flatware and other "scrap" silver.

  • @LaurenTGage
    @LaurenTGage Před 2 měsíci

    Great video. Thank you!

  • @neilgin1
    @neilgin1 Před měsícem

    word! nice drop, first time sub, long time stacker, here's the way i think of stacking 90's (and 40's), it is NOT an investment, much the same way, one has to insure their ride, i'm insuring the value of that paper fiat money, into "shiny-shiny"...be blessed, one love...oh ps, the SLQ's spook me, reason, pre-25, the date was up, and got ground down....

  • @SILVERBROTHER72
    @SILVERBROTHER72 Před rokem +2

    The Price of Morgans and Peace Dollars has Increased around 35% In Last 7 Years

  • @phylbeeme2476
    @phylbeeme2476 Před rokem +2

    I bought loads of war nickels for the fractional value. It sounds like my nickels will be the last coins to go extinct. I have the other denominations; too. But love my war nickels.

  • @randolphsotomayer2206
    @randolphsotomayer2206 Před rokem +1

    Great video informative and educational

  • @accountabilityaudits
    @accountabilityaudits Před rokem +4

    Do you inspect your coins for rare dates, varieties and errors? Some even "junk silver" (P1- AG3 condition) can be worth good money.

  • @jeffking450
    @jeffking450 Před rokem +1

    Nice history lesson. Thanks

  • @walkerone9833
    @walkerone9833 Před rokem

    Your enthusiasm is infectious.......I'm infected!!!

    • @jameseverett4144
      @jameseverett4144 Před rokem

      Pure silver under the tongue should alleviate any infections, no vat needed.

  • @TtheSilverStacker
    @TtheSilverStacker Před rokem

    Excellent history lesson. All of us stackers should be aware of this history.