What silver to NOT BUY, learn from my mistakes
ฝัง
- เผยแพร่เมื่อ 6 ก.ค. 2024
- Silver is all about stacking what you love and find interesting BUT there is kinds of silver out there you should avoid due to its high premium or difficult reselling.
Disclaimer- I am not a financial advisor, I’m just a guy passionate about gold, silver and numismatics, please do not make any purchases or sales based on my videos. What I say in this video is just my opinion.
#silver #coins #silvercoin #junksilver #silverstacking #silvercoins #preciousmetals #gold
SilverDadKnows here. Great vid like always
Thanks brother!
Thanks for touching on subjects the “big guys “ don’t think we “simple stackers” need to know! Really appreciate the down to earth approach. 👍
Thank you!
The kilo Libertad is such a flex
I have a weakness for them 😬
As a 50 year collector, I love that War Nickel! Beautiful coin.
I love that it’s blast white
"Exit plan." Holy shit! I'd never thought of that before, at least not consciously. Maybe that's why I'm heavy on gold and silver Eagles. But now I'm thinking about that consciously. Thanks!
It’ll be one of the next videos I do!
I’m filling one tube with War Nickels simply for historical reasons. I don’t go looking for the 40% Kennedy Halves, but I also don’t toss em aside when I find em. If I get any 1/10 rounds, they’re going in penny presses. I have some Geiger Fractional Bars and a Scottsdale Fractional Bar just to say I have some.
I do stack the 1/2oz Canada $2 First Special Service Force Coin. Mainly just because I like the design.
But, I agree that Constitutional is the best Fractional.
See to have a tube or some stuff for collection sake but people trying to fill monster boxes are wasting their money in my opinion
@@StatesideStash Exactly.
Thanks for another great vid man, most underrated silver guy on youtube lool. So nice to have something else thats not all fear mongering 😅.
Always appreciate the kind words brother! Thank you for continuing to watch and comment!
Great info there my friend. I usually avoid high premium silver like proof coins etc, and all the pretty stuff 😅. Although I broke my own rule two weeks ago and bought the 2.5oz St Michael’s Sword from Komsco. This thing is beautiful.
Sometimes you gotta buy high premium stuff to keep things interesting!
Absolutely. It’s dollar cost averaging for me. I’ll just have to look out for good deals 😊
I like my junk in merc dimes, walker/Franklin halves. No dates to check, don’t look like pocket change!
Well said, you can spot the difference right away and know it’s silver
Cheers 🥃
I appreciate this more than you know. Thank you for continuing to watch and comment! Hope you had a great weekend
For me and mine... Libertads and constitutional silver!!!! Woop Woop 🎉
That you would buy it not buy?
@@StatesideStash buy buy buy
@@Twelvestonestacking AGREED!!!
No silverware, no silverplate, no jewelry.
Silver plated is just a scam
I sure do enjoy your videos keep up the good work and I'm a subscriber to your Channel😊
Erwin thank you so much!
Great breakdown, I agree 100%
Thank you sir! Keep up the videos
Thanks for the heads up! Not a big war nickel guy myself. Want some constitutional quarters next.
@@Jmoney1981 quarters are great!
I will collect it all. It just depends on the price.
I can’t hunt quarter rolls cause I end up keeping anything pre 75😂
Great video and even better approach to keeping it simple. Thank you sir. I’ve subscribed!!!
Thank you so much! Hope to hear more from you in the future videos!
Great video, lots of good info, thanks 😊
Thanks brother!
Great video! The only time i get fractional silver is to raise an order to a point where i get free shipping or to give as gifts. Also any type that seems "Collectable."
That’s a great idea!
Cool video
@@SilentSilver24 thanks for watching brotha
I wish that I had stayed away from the high premium silver when I first started stacking back in 2018 from online bullion dealers. And I also regret buying some of those mystery coin packs off of eBay, talk about a waste of money. And like you said, you should always have an exit strategy on every piece of silver that you buy. That was the last thing on my mind when I first started stacking/collecting.
Brother I’ve made my fair share of mistakes when I first started stacking as well. Nothing you can do about it now but learn from it
Thanks again,
@@richardkut3976 anytime!
The title wasn't misleading, but it got me interested. I tried to predict what you would say to avoid. You are right, but I never would have thought peope would "stack" war nickels. I thought you would avoid crazy overpriced "rare" "limited" special collector pieces that are all hype. Also, I would avoid anything that is advertised in magazines, catalogs, TV ads, Infomercials, and flaky Gold IRA companies.
I hope it wasn’t misleading, I’m pretty straight forward with my headlines. People do stack these, I’ve met several. Buying a tube is fine but a monster box is a waste in my opinion
@@StatesideStash The title wasn't misleading at all. I just like to guess before I hear another opinion, it makes you think.
@@fin59shaw ohhh ok I see what you’re saying. And yes high premium stuff is another one but I can’t talk cause of the libertads I own 🤣
@@StatesideStash I don't have any Libertads, and I'm sure not against them. A higher premium isn't necessarily bad, as long as it's recognized for what it is. I collect the Royal Tudor Beasts, which is a little higher premium, but not much. It makes things fun I also buy the Tudor Beast Silver Proof/Reverse Proof sets, which are expensive, but very limited. Really for collecting, definitely not stacking. Got to stack, but collecting what you like makes it more interesting!
@@fin59shaw well said!
I like to avoid off brand, non reputable silver pours. As cool as some stuff can look, it seems like a hard resale and tough to tell if it’s real. That being said, all of your points were very good, and I avoid all of those as well.
@@Mad-Dutchman well said! Independent silver poured bars are extremely difficult to offload and if you do you can expect under spot
Great video.
The exit plan subject really struck home with me after recently having a heart attack.
I have not made an exit plan for my new location.
I haven't prepared my wife to deal with my stacks after I die.
Needing to investigate any local brick and mortar coin shops that I can find.
Thanks for lighting a fire under me to do the due diligence.
I admit that I have some silver, that if I am not in love with.
Dude! I hope you’re ok, you recovering well?
@@StatesideStash ... I'm home and on meds for life. It's been five days since my last cigarette. Lol. But I got a patch to take the edge off.
I'm worn out, but hope to post some videos soon. I found some more stuffs, too.
Thank you for reaching out with your support.
It's really comforting.
@@silversleuth007 take it easy brother. Proud of you for quitting this cigarettes
@@StatesideStash ... I'm more motivated now than I was five days ago. Lol.
It seems easier than I anticipated after 50 years of smoking. I've deployed the 14mg nicotine patch that the hospital hooked me up with. Once the bills come in and dust settles I will see where I stand with disposable cash flow. Five prescriptions for life, but no charge at pharmacy with my insurance card.
Time will tell.
Thank you for the encouragement!
Awesome video! Brother!
🤜🤛
Thanks brotha!
For the youtube algorithm 😎✌️ #DCAandCHILL
LETS GOOOOOO!!!!!
@@StatesideStash I see you have some leftover energy from 4th of July😂✌️ let's goooo😎👍
@@TwitchRadio finally got my hearing back 🤣
Im all about junk silver. But mostly rosie dimes. Best weight buy for you dollar in the junk realm. Junk silver will be the first that is gone or well extremely expensive to find. I do have some of all forms of junk but those dimes are the best for least wear. Plus i love free silver. Been coin roll hunting for years. Sold all my 40% kennedys ive found this year. Got close to $200 and set that aside in my silver cash pile and will see if prices drop some in next couple months. Last year i waited all year to buy any silver until early oct and was getting junk for $16 fv. Year before was pretty much same. So far this year havent bought since prices rose and will stack cash and see if prices drop by end of summer again.
Nothing wrong with stacking cash!
I avoid the same things for the same reasons.
Well done!
I disagree wholeheartedly on the war nickels. I have almost a couple thousand of them. If things ever get so bad that barter is the norm, they will come in extremely handy. A 90% dime has 1/14 oz. of silver, but a war nickel has 1/18 oz. So, a smaller piece of silver than even a dime. There's nothing difficult about explaining war nickels. Either it has a big mintmark above the Monticello building or it doesn't. End of explanation. As far as 40% halves go, I have a few tubes of them but I won't waste much time or space on them. All this said, I have vastly more 90% than either of those. I have run across a scenario where I got a bunch of one gram silver pieces basically at melt, so I couldn't pass up that deal. To each his own, I say. Collect what you like and seize opportunities when they arise.
@@Mike.L. I always tell people the beautiful thing about silver stacking is there’s so many different ways to go about it. If you love war nickles then more power to you and I’m happy for you. Keep stacking brother!
I never buy fractional silver due to the massive premiums, and I'm not a fan of numismatics as I prefer to "stack" silver for less - just my preference.
That’s totally fine! To each their own!
Personally I avoid any bullion with more than a $5.00 premium on it which is way too high to begin with. War Nickels, if you roll hunt you can still get it for free if you put the effort into it. I personally avoid Washington Quarters because there's not much going for them other than specific dates and mint marks. If you wanna stack fractional silver, dimes are the way to go, especially if you're on a budget being that they're not far off from spot. I have a soft spot for halves Liberty and Morgans dollars That's my go to after dimes if the price is right.
High premium silver is a difficult thing to purchase but it’s some of my favorite silver. Morgan’s are BEAUTIFUL
@StatesideStash Would you rather have a 1 troy oz round .999 or a Morgan dollar in, let's say, (G) condition?
@@rm1042 Morgan all day every day
You may want to let your subscribers know to check the bell for all notifications, the the precious metals sites I go to have been downgraded to personalized notifications I just caught this this morning
Interesting
Spot on what I avoid now
Awesome!
Great content as always. I can't lie I avoid junk silver. I was going to do a video about why I don't like junk silver but didn't want all the thumbs down lol
You’ll never be able to please 100% of your audience
Hey Stateside, thanks for the vlog! This may be just my situation, but i don't really have a LCSs that would buy kilo and above so I don't buy those. Also, silver shot I think is only fine if your plan to do your own pouring, not for stacking.
Very true about the shot! I own some and plan on pouring my own silver here soon for the channel!
@@StatesideStash I'd like to see what you are pouring! I was thinking about starting that too. Maybe you can start with your setup and why you chose those items.
@@milessakauye8819 I’ll keep you updated. It’ll be 1oz and 10oz bars with my logo
And last ? Is anyone finding 90% silver in rolls or where other than buying them?
You can go to your bank and buy rolls and hunt through them. There’s not a lot out there left but people continue to find them
I'm low key sad that the 100 oz RCM bar got demoted from your display.
Lol jk I know its good to mix it up.
Haha it’s still there! It’s literally just to the left. I’ll have it in the next one 😉
Good content Brother! I’m always on the lookout for all US Silver, retail outlets, banks heck I found a Silver Merc on the ground at a Walmart one time! But the main focus are the Mexican Libertads which is all over the years right now! Anyway I’m rambling now! Be Blessed everyone
Oh you know I’m right there with you on those libertads!
Great video how do you feel about 100 grams of silver
Talking about those sheets or the 100 gram bar,
Beware of Canadian dimes and quarters that might get mixed in with American coins. Canadian non-silver coins don't have the copper edges like clad American coins, as Canadian coins have a steel core, thereby being magnetic. So, what might appear to be a silver dime in a roll might be a recent Canadian dime.
Interesting! Thank you for sharing this!
I like variety so if I can get a good deal on fractional I'll buy it. I mostly avoid high premium stuff...
Fractional as in constitutional silver?
@@StatesideStash like if I can get two half oz rounds for the same price as 1oz...
I stay away from fractional generic gold and silver. I'm good with coins but 1 gram bars no thanks fam.
Right there with you!
👋🏼
What up!
I’m a simple man: Stateside posts & I click 🥸🤝🏼
This channel is nothing without subscribers like you
Every single time! Lol
I avoid just about everything but I got a little bit of everything. I even got at least two 40% JFKs and a full set of War Nickels. I also avoid Graded Silver Coins because the cost is very high and the silver content is very low.
A roll of Kennedys or war nickles aren’t bad. Stacking a monster box is over the top though
@@StatesideStash That was on Saturday Night Live to, right LOL
I don't own any fractional silver. I even now avoid 1 ounce bars and rounds. I have some fractional gold Valcambi bars but now avoiding those as well. To many chances of encountering tungsten with gold plating (same density, volume, and weight as gold). I will keep those bars and rounds, but they will be the first to go and i will only sell them back to about the only online broker that i trust. My focus now is on junk 90% silver (US only) and pre 1933 gold (US only). It kind of all boils down to this. Most people (not collectors or stackers) just don't recognize silver rounds and bars. They probably wouldn't even recognize a modern silver eagle. You would be too young to remember this but during the gas wars in the late 70's, a lot of gas stations made people wait hours to get gas with a credit card or paper dollars (long lines a mile or more long), but the ones that got express gas were the ones ones that brought pre 65 quarters! If you find a good local coin shop, you are fortunate. There is a great one fairly near me (about 60 miles each way) that is very fair and has been in business for over 40 years. Sorry for the long response :( Good hunting!
Seriously though, Another category is "foreign silver" or "foreign junk"
Some of it is 40%, some 83%, some is 90% but it is time consuming to figure out which is which and that will hurt your sale.
Agreed. It’s just not ideal here in the US
foreign silver is the best i pick up all the 90% and .925 sterling from my dealer before he sends them off to the refineries, i buy them at 60% of spot so it’s an amazing deal!
Was that nickel cleaned?
Nope see it
No just a white luster nickel!
I seen a Gold Kangaroo in 1/2 gram on Apmex.
They want like $80 each for them.
Talk about a premium.
I like Kangaroos & I would buy some of those to go with my Silver Kangaroos, but not paying an almost 100% premium.
A half gram gold coin 🤣 what?!?!
@StatesideStash I know, I couldn't believe it.
I was just checking out the prices on Gold Kangaroos & seen a 1/2 gram.
It's still .9999 fine Gold, so coin is going to be like a quarter the size of a dime lol
Yeah those mini Roos have a thigh premium no matter the dealer. I think the cheapest I’ve seen them was 70$.
I haven't bought the fractional silver, but won some. I not too proud to keep it with my other stuff.
Winning free silver is the best silver no matter what it is!
40% is your fractional silver for bartering.
@@pegboyd4312 thanks for watching!
@@pegboyd4312 so are dimes, quarters, half dollars
Any junk silver you can get at face value is great! But war nickels, even a little below spot, is a no-go. Probably same for the 40%ers.
Agreed!
I think you need to stack a few Silver Bullets, Vampire protection, you know.
Where ya been Rowe?!
@@StatesideStash First I ran out my 50 gigs of high speed. Next I got a long case of Covid, still not totally over it. Covid at 64 is exhausting and depressing.
But I have coins being graded at PCGS so even If I'm gone for a spell you know I'll be back. Show-Offs always come back Stashman
And also I've spent most of my time watching Trump and Young Thug trials. You know I get no income out of youtube, for me it is an expense, so I might come and go as I please. Not to mention I'll be just as sloppy as I please to be.
Hope you are doing well!!!
Ope got to go watch TheBigGeorge
"YES!! Joe Biden Actually Just Did That At A Black Church" man this is like watching SNL.
@@TobaccoRowe1960 glad you’re doing better!
@@StatesideStash Thanks Stash!
Found a 1942 P nuckel in a jar of change my mother in law gave me, but not as pretty as yours, lol
Still a great find! I bought mine so it’s not like I found it 🤣
You forgot to mention Libertads
My advice for anyone who owns one is to sell it to me, cheap. Ill dispose of them.
I was about to block you till i realized you were joking 🤣
@@StatesideStash Who is joking? Ill dispose of all of your Libertads when I go out on the lake.
your problem (no offence) is you only buy from online bullion dealers or your lcs. I buy from auctions like hi bid. in the last few months I have won war nickels for 35 cents each, 1 gram silver bars for 55 cents each and last night I won a pcgs pr69 dcam 2020 end of ww2 $25 gold 1/2 ounce gold coin for $1181.50 all the prices I just gave you included the shipping and buyers fee's. I know some will say I do not know what I am talking about or I am full of it. The only reason I tell others what and how I buy on auctions is I am getting old and I like to help younger stackers. I have stacked and coin collected since 1967. I switch to more auctions in the 1990's when teletrade started. Today there are so many online auctions, I limit myself to 2 dozen a month. And as far as selling you can sell on Ebay where you can set your starting price. I do sell on Ebay, and I still buy on online auctions but for me stacking is now just a game to keep me sharp (my mind) and is no longer about store of wealth, or for the future as I am old and have plenty. Jim
I think you and I have talked about auctions before and you can definitely get some great deals!
Probably the most expensive silver I stack are tubes of bu benjis which have a 2.50 premium on them right now at my lcs which is around wholesale. I try and pick up at least a tube once out of my two monthly purchases. Sad thing is two ten oz scottsdale bars with only .50 premium is running a little less than what I was paying for a kilo not that long ago. Dollar is buying less and less 23 oz of silver and 7.25 oz of premium 90 cost roughly 1k now. Id rather pay the premium now on bu examples while there still available as time goes on theyll only go up. As long as the majority of your stack is made up of low premium you will bring your dca for the premium stuff down. I am lucky to have a great lcs where I can find premium silver like englehard jm for generic prices bullion is bullion but theres one exception and thats eagles they are 3.50 over. I personally change my stratedgy with spot price and premiums earlier this year I could get 24 eagles for around 26 I bought them instead of bars. When spot is up and the premium goes flat I buy bars and vintage rounds as close to spot as possible. I also suggest finding out if your lcs makes there money on the buy or sell as mine makes on the buy so I only buy from him b/c his premium is low. If I sell I shop around some places buy up to a dollar over instead of .75 back of spot. That can add up big especially on larger bars