Today with our ,999 coinage the Junk method will not work. A currency must be uniform and have equal divisible units, Junk would have worked during your Great Grandma's day. Over 50% of Junk has been remelted. There is not enough to float our currency system.
@@christisking1576 .999 US coinage is now sufficient enough to meet our currency needs. The common person will see JUNK as our ordinary clad coinage. It will get mixed into our current clad coins. We can not have 2 currency systems. A currency system must have equal divisible units. Junk fails this requirement. Junk silver would have worked as money during your great Grandma's day. House Resolution states that that only ,999 purity will be used as a PM currency, For junk to be used it will have to be remelted thru a PM dealer at a hefty fee. Did you really save money buying junk. A PM dealer will not disclose what I have explained. THEY SEEK PROFIT ONLY.
Yep, when buying non-numismatic constitutional silver avoid mercs and standing liberty quarters. Lovely design, but almost always less weight. Of all the designs, mercs are my favorite, but I still stack rosies because I get more weight at about half the premium. I think more and more people are catching onto this because rolls of Roosevelt dime rolls always seem to be sold out on my favorite place to buy. That never used to be the case.
Great video, Dragons. Someone told me they prefer Rosies to Mercs due to the amount of silver that comes off the Mercs over the years. Never thought if it that way.
I once weighed a whole bunch of silver quarters, mostly washington's that showed very little wear, basically all XF-Unc, and it was interesting to see that the theoretical weight of 6.25 grams varied consistently about + or - 3% or so. Even unc pieces might weigh 6.10 grams and a piece with wear maybe 6.4 grams. Let's just say that the 6.25 gram weight was a target, but the planchets are not exact. This is not a problem when silver is $1.29 per ounce, but it will be at $75 per ounce, and eventually all junk trading will probably have to trade on a weight basis, not a face multiplier.
Another thing about 64 Kennedy’s. People knew that that was the last year they were going to be silver so they stacked them. everybody stacked them pulled them directly out of circulation and kept them. so even though that coin is 55 years old, it didn’t see much circulation at all. most of them didn’t. They’re also usually the cheapest silver half you can pick up nowadays.
is it a good idea to clean i actually polished my junk silver coins with a silver safe cleaner they came out amazing does it matter? i see some half dollar Kennedy 1964 going for like 1500 usd why is that ?
About 20 years ago I was buying 90% from time to time and paying so many times face. I figured when it was time to sell, they would toss it on a scale x .9= valve When I sold it, it was still based times (×) face. I didnt figure it both ways. When I was quoted 35x face...I took it.😎 To bad I wasnt sitting on POUNDS. 😐
If you wanted to sell you entire pile on the table you could weigh the whole pile & divide that weight by 1.111 & that is how many ounces you have. CORRECT?
Silver Dragons I like this video a lot because your the only one that actually weighed one ounce of pre-64 coins and explaining it takes 1.11 oz of any pre-64 denomination. If I give my LCS a 1oz pre-64 and they only look at it per coin just to find the key date is it worth giving to them?
I like these types of videos...stuff I wonder about and its just fun but as for 10:39 I highly doubt and know it wasn't jingly around for 113 years in a pocket....that prob has about 100 years jingle time lol
Well I am now to by silver. Can you tell me where you buy Your constitutional silver/junk silver and also where can I get the Roosevelt dimes? These are the ones that are 90% silver correct? What’s your recommendation of how much I should have on hand for a minimum. Thank you
I need an answer to a question about Constitutional Silver? What happens when Constitutional Silver gets mix in with our current coinage? How are the two coinages to be kept separated from each other.
You can tare the scale rather than turn off the power if you want to reset the scale to Zero. Just press the T button instead and that will reset everything to Zero
Melting out copper from silver is difficult it's better to have the means to refine it...youtube have a few guides that are useful...a word to the wise, hydroponics and pool supplies
While it is nice to see the derivation of the factors, it is much simpler as follows: For 90% silver coins, Price multiplier = spot price/1.40 for circulated. No need to ever calculate the ounces of silver.
Sorry to be so offtopic but does someone know of a trick to log back into an instagram account..? I somehow lost the password. I appreciate any tricks you can give me!
@Zev Lorenzo thanks so much for your reply. I got to the site on google and I'm trying it out atm. I see it takes quite some time so I will get back to you later with my results.
This is how I do it...I put all the silver I wanna weigh on the scale let’s say it’s 4.89 ozt I multiply that by 0.9 which is 4.401 then I would take 4.401 and times that by the spot price. 4.89x0.9x15=amount of pure silver you have.
Awesome silver vagons I didn't know That... Thanks for taking time out to show us.. Was always wondering what Dollar fees value blah blah blah How much is should be blah blah blah lol but thanks brother...
Yes, but if you want to buy let’s say 3 ounces of silver, just put the silver on the scale and weigh 3 ounces without counting the coins you will get 3 ounces without getting cheated.
No, silver dimes, quarters, halves are calibrated exactly the same against their face, about .715 per $1 face value; Silver Dollars are at about .77 each, so they are slightly heavier per $1. Halves often bring a slight premium to dimes & quarters, just because they are more popular.
Maybe I’m having a brain fart, But can’t you just take whatever weight you have in ounces and multiplied by .9 and find out how much silver you have? What am I missing?
I Just brought myself 390 grams of 0.500% AUSTRALIAN JUNK SILVER!!! woohoo😀. Fun fact our junk silver is in pre decimal and really hard stuff to get because it's quite collectable n lots of it is graded so I got lucky. The 92.5% coins are way harder to get, more expensive and heavily graded even a lot of the low grade stuff is graded which sucks. Non graded 92.5% coins are around $43-$60 AUD an troy (ex shipping) so that's about $30-$42 USD. To over hyped n hoarded but I had to get some so I paid $158.50 AUD for the 0.500% coins so thats $4.28 AUD over spot (per troy oz) or $2.99 USD over spot and that's the low grade stuff.
MJ, Good point but possibly irrelevant, because my assumption is the “90%” in the “90% constitutional” means 90% silver by weight - not 90% silver by volume. Pretty sure it is by weight.
Dayum...just set the scale to measure in "Trot Ounces"" instead of "Grams"! Otherwise, just divide the weight in grams by 31.1. Really, how hard is that?
you made this more complicated and confusing than it ought to be. What does it mean when a coin store says they’ll give you 12X face or is it 12X/dollar.Then how much is that under spot price? Is it per ounce or per dollar??? You explained nothing about the language of coin shops to know what I’m getting or giving!
Why waste the time weighing it, every dollar is .715 ounces every ten dollars is 7.15 oz. Every 100 dollars is 71.5 oz and every 1000 dollars is 715 oz. , its easier to figure it this way and with the worn condition of the coins it's more profitable. The only reason you should weigh it is if you are going to refine it but you lose money if you do that.
@@SilverDragons47 when I started buy silver it was only a $1.15 for a dollar face value and i was still getting it out of change on a weekly basis. And when eagles came out the dealers would sell a roll for 90 dollars so I had an early start, but there are still opportunities if you leave no stone unturned and get creative.
StinkyCASH not a big fan of labels. also seems like most of people on here are new stackers. have you noticed the influx of people getting into PM? SHTF is coming 🔥🐉
You can also add up the entire lot, take the total ounces and multiply it by .90
or 0.40 or whatever the amount of silver percentage in the coin is.
That isnt Troy oz tho
Today with our ,999 coinage the Junk method will not work.
A currency must be uniform and have equal divisible units,
Junk would have worked during your Great Grandma's day.
Over 50% of Junk has been remelted.
There is not enough to float our currency system.
1 Ounce = 1.097 Troy
@@christisking1576
.999 US coinage is now sufficient enough to meet
our currency needs. The common person will see
JUNK as our ordinary clad coinage. It will get mixed
into our current clad coins. We can not have 2 currency
systems. A currency system must have equal divisible
units. Junk fails this requirement. Junk silver would
have worked as money during your great Grandma's day.
House Resolution states that that only ,999 purity will
be used as a PM currency, For junk to be used it will have
to be remelted thru a PM dealer at a hefty fee. Did you
really save money buying junk. A PM dealer will not
disclose what I have explained. THEY SEEK PROFIT ONLY.
You could also take the total face value and divide by 1.40 and that would give you the weight in oz's of silver.
1.111 is the magic number. Very good. Thanks my friend.
SalivateMetal yes for sure and thanks for watching Sal! 🔥🐉
Wow great video. I've been pulling silver out of the ground metal detecting and I always wondered about this.
This is precisely the info I was looking for. Thanks.
Yep, when buying non-numismatic constitutional silver avoid mercs and standing liberty quarters. Lovely design, but almost always less weight. Of all the designs, mercs are my favorite, but I still stack rosies because I get more weight at about half the premium. I think more and more people are catching onto this because rolls of Roosevelt dime rolls always seem to be sold out on my favorite place to buy. That never used to be the case.
Thank you my friend.... And its not junk..... It's our futures
I got my scale recently. Nice having a inexpensive way to help check out my silver
Great video, Dragons. Someone told me they prefer Rosies to Mercs due to the amount of silver that comes off the Mercs over the years. Never thought if it that way.
The Stacking Stormtrooper yes indeed the mercs get slick! 🔥🐉
Mercs are more easily recognizable, but Rosie tend to have more silver.
I once weighed a whole bunch of silver quarters, mostly washington's that showed very little wear, basically all XF-Unc, and it was interesting to see that the theoretical weight of 6.25 grams varied consistently about + or - 3% or so. Even unc pieces might weigh 6.10 grams and a piece with wear maybe 6.4 grams. Let's just say that the 6.25 gram weight was a target, but the planchets are not exact. This is not a problem when silver is $1.29 per ounce, but it will be at $75 per ounce, and eventually all junk trading will probably have to trade on a weight basis, not a face multiplier.
KSASTAMPS yep I think you are right about when the price goes up 👍🏽🔥🐉
This has been true in the past.😉
@@SilverDragons47 Thank you for the video what about 40 percent what makes one ounce?
isn't weight times .9 times spot price an easier way?
Bishop Shadow you can certainly do that but if you don’t got a scale handy you can do the $1.40 FV 🔥🐉
Bishop Shadow ugh wait what? 😳 I’m new to this and math don’t kill me but fave value is the way I need to roll for now! Easy to start and explain 😎
.9 times spot price is more accurate if you have a good set of scales....the 1.40$ would be easier just less accurate.
Silver Dragons let’s say someone is selling 1 Troy pound. What is the math. What is the result or how would you do it ?? Thanks
Buy it by the gram..I've noticed 5 dollars worth of dimes if they are slicks will have a face value of 5 but weight like 1 dime is missing.
Another thing about 64 Kennedy’s. People knew that that was the last year they were going to be silver so they stacked them. everybody stacked them pulled them directly out of circulation and kept them. so even though that coin is 55 years old, it didn’t see much circulation at all. most of them didn’t.
They’re also usually the cheapest silver half you can pick up nowadays.
The 1965 to 1970 have 40% silver.
is it a good idea to clean i actually polished my junk silver coins with a silver safe cleaner they came out amazing does it matter? i see some half dollar Kennedy 1964 going for like 1500 usd why is that ?
About 20 years ago I was buying 90% from time to time and paying so many times face.
I figured when it was time to sell, they would toss it on a scale x .9= valve
When I sold it, it was still based times (×) face.
I didnt figure it both ways. When I was quoted 35x face...I took it.😎
To bad I wasnt sitting on POUNDS. 😐
Dont ask 35x face 😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮 nice sell 😂🔥🐉
@@SilverDragons47
The only time I actually made anything.
Actually got it low and sold it at about the max.
If you wanted to sell you entire pile on the table you could weigh the whole pile & divide that weight by 1.111 & that is how many ounces you have. CORRECT?
Text 5.5 constitutional silver quarters two equal roughly an ounce of silver.. so you can just round it to 6 quarters equals a troy ounce
Great video ! And very informal . Great for the new guys that are starting out with junk silver
B. Lock for sure and thanks so much!!! 🔥🐉
Silver Dragons I like this video a lot because your the only one that actually weighed one ounce of pre-64 coins and explaining it takes 1.11 oz of any pre-64 denomination.
If I give my LCS a 1oz pre-64 and they only look at it per coin just to find the key date is it worth giving to them?
Good advice and thanks for the refresher course SD.
Big Bomber Stacker for sure and thanks so much! 🔥🐉
Canadian "junk" silver is $1.70 FV = 1.02 ozt.
Great video Silver Dragon 👍
I like these types of videos...stuff I wonder about and its just fun but as for 10:39 I highly doubt and know it wasn't jingly around for 113 years in a pocket....that prob has about 100 years jingle time lol
Or take face value times .715 to determine troy ounces.
Just take face value and times by .715, which is the amount of silver weight per face value
😊very good explanation😊
I like constitutional silver too, but what percent do you like to try to keep as a goal (break down) in each -dimes, quarters and halves? Thanks
Sucks on the mercury dimes they look so cool. I was going to stack tons of mercury dimes. Great video
You are brilliant! Thanks for your dedication to this topic! God bless!
Great informative video! 👍
Well I am now to by silver. Can you tell me where you buy Your constitutional silver/junk silver and also where can I get the Roosevelt dimes? These are the ones that are 90% silver correct? What’s your recommendation of how much I should have on hand for a minimum. Thank you
As people buy and sell based on per $1 of face value, weight of constitutional silver is less important, no?
Great informative video❗️ Thanks for sharing SD👍🏽
Triple D with the TH-cam. Wuz up bro🤘
DevilDog Dave thanks so much my friend! 🔥🐉
Great Video my Friend! That’s one thing I need is a scale
J Parker Silver Stacker it is a great tool to have! 🔥🐉
Great info for everyone that collects or stacks.
PDX Brewer for sure and thanks!!! 🔥🐉
Good stuff Dragons formerly Baggins!
GoldRush49 thanks so much my friend! 🔥🐉
Interesting, but why doesn't it work with Morgan and Peace Dollars?
they weigh more and are not constitutional silver
Andre G they are slightly heavier 🤷🏽♂️🔥🐉
Thx for this. The information is a great help. Keep stackin 👌👍🤑
Whoa deja vu 😆 Rock on bro. Thanks for sharing and have yourself a great night friend 👍🏾
Kevin Rose thanks my friend 😁 🔥🐉
Good stuff, thanks for the clarification! 👍
Thanks for sharing on how to do this. Take care.
Clayton County History Hound you are welcome my friend and you do the same! 🔥🐉
I need an answer to a question about Constitutional Silver?
What happens when Constitutional Silver gets mix in with our current coinage?
How are the two coinages to be kept separated from each other.
I put it in rolls, and wright silver with a marker on it. And keep it with other silver.
Gresham's law of economics happens.
Thanks I’m learning
Great info. Thanks!
Awesome, I learned allot. Thank You
These are the calculations for Troy ounces. The difference being a regular ounce is 28.?? grams and a Troy ounce is 31.?? grams
it might be easier to try for 5.555 or 8.888 to get to the exact weight in whole ounces.
You should open a coin shop :)
Is that scale made out of silver?
You can tare the scale rather than turn off the power if you want to reset the scale to Zero. Just press the T button instead and that will reset everything to Zero
sunw80 awesome tip I appreciate it! 🔥🐉
Great video ! And very informal
Lev Kris thanks so much my friend! 🔥🐉
Hey dragons do you know how many grams in silver with morgan and peace dollars like would it be 20 grams 25 grams or would it be less than that.
Morgans and Peace dollars are both minted at 26.73 grams. .77 ozt of silver in each coin.
Well great video learned a little bit.
Money Recall awesome i’m glad you did! 🔥🐉
so how do you get the copper out if you are melting for silver and is it difficult.
ycart tosy you would have to use flux and separate it. I don’t melt 90% just 999 personally 🔥🐉
Melting out copper from silver is difficult it's better to have the means to refine it...youtube have a few guides that are useful...a word to the wise, hydroponics and pool supplies
Is that a troy oz??? Or o regular oz.
My question as well. Troy Oz scale???
1 STD Oz USA = 28 grams
1 Troy Oz = 31.10 grams
While it is nice to see the derivation of the factors, it is much simpler as follows:
For 90% silver coins, Price multiplier = spot price/1.40 for circulated.
No need to ever calculate the ounces of silver.
Sorry to be so offtopic but does someone know of a trick to log back into an instagram account..?
I somehow lost the password. I appreciate any tricks you can give me!
@Reginald Rocco instablaster =)
@Zev Lorenzo thanks so much for your reply. I got to the site on google and I'm trying it out atm.
I see it takes quite some time so I will get back to you later with my results.
Love this video. Thank you 😊
What if i have all nickels, wouldn’t 1.40 weigh too much?
A pound of feathers or a pound of bricks?
Good information. Thanks silver dragon
Robert Hurtado you are welcome my friend! 🔥🐉
This is how I do it...I put all the silver I wanna weigh on the scale let’s say it’s 4.89 ozt I multiply that by 0.9 which is 4.401 then I would take 4.401 and times that by the spot price. 4.89x0.9x15=amount of pure silver you have.
Your equation equals the value of the silver based on the spot price, not the amount of silver you have.
Trey’s Treasures you can do it that way or if you don’t have a scale use the FV method 🔥🐉
Awesome vid brother!👍🤙
Rippin lips57 thanks so much my friend! 🔥🐉
Awesome silver vagons I didn't know That... Thanks for taking time out to show us.. Was always wondering what Dollar fees value blah blah blah How much is should be blah blah blah lol but thanks brother...
Great video!
Al Amin thanks so much! 🔥🐉
Very Cool thank you Silver dragons
I did a lot of crunching numbers before I figured this way of doing it. 🙄🤙
You'd be surprised how many times I've told people this only to repeat it again LOL !!
CIR GOLD lol it’s never ending 😂🔥🐉
@@SilverDragons47 This I truly know !!! LOL
how about 1000 ounces at 90% thats 900 right? so 900 ounces of pure silver is what u have right?
How’s about 80% silver coin
thank you good information I have a lot of junk silver
RWG RWG junk silver is great to buy! 🔥🐉
does mercury dimes weigh less than roseys?
If thery are both in new condition.
They both are 90% silver.
ycart tosy only when it’s worn down it weighs less 🔥🐉
Yes, but if you want to buy let’s say 3 ounces of silver, just put the silver on the scale and weigh 3 ounces without counting the coins you will get 3 ounces without getting cheated.
Who sells constitutional silver by the ounce? Nobody sells it by the ounce so I don't see what the point is of knowing this.
Good vid.
Half dollars have slightly more silver than dimes and quarters of the same face value. And silver dollars have even more.
Richard Carson yes the morgan and peace are the same but they do have a slight bit more for sure 🔥🐉
No, silver dimes, quarters, halves are calibrated exactly the same against their face, about .715 per $1 face value; Silver Dollars are at about .77 each, so they are slightly heavier per $1. Halves often bring a slight premium to dimes & quarters, just because they are more popular.
I expect that when it comes to barter, all constitutional silver will be weighed in the marketplace. That's fine with me.
Nice man. Dig it. I need to bust my weight
why not measure in grams and subtract 10%
John Jones you can do that for sure but if you have a lot it’s gonna be a big number 😂🔥🐉
Can't you just weight it and subtract 11% to get the amount of silver weight
Thanks Bruh..
What about 40%
Should be 2.5oz is 1oz as 1 is 40% of 2.5
Silver is priced on the spot market at a rate per Troy ounce. An ounce is not a Troy ounce,
Maybe I’m having a brain fart, But can’t you just take whatever weight you have in ounces and multiplied by .9 and find out how much silver you have? What am I missing?
6. Quarter s. An. Ounce of. Silver. 3. Halves. Dollars. An. Ounce. 14. Dimes. An. Ounce. Of. Silver 🥈. !
I Just brought myself 390 grams of 0.500% AUSTRALIAN JUNK SILVER!!! woohoo😀. Fun fact our junk silver is in pre decimal and really hard stuff to get because it's quite collectable n lots of it is graded so I got lucky. The 92.5% coins are way harder to get, more expensive and heavily graded even a lot of the low grade stuff is graded which sucks. Non graded 92.5% coins are around $43-$60 AUD an troy (ex shipping) so that's about $30-$42 USD. To over hyped n hoarded but I had to get some so I paid $158.50 AUD for the 0.500% coins so thats $4.28 AUD over spot (per troy oz) or $2.99 USD over spot and that's the low grade stuff.
best way to figure is $1.40 face value is an oz
Thanks I subbed
My 1930's washington quarters have a poop load of silver loss. 40 coins comes out to about the equivalent of 36 coins.
I use Coinflation
Quackers yep that is the best for sure! 🔥🐉
Step 1 Buy scale
Step 2 Weigh Junk Silver
Step 3 Multiply by 0.9
🔥🔥🇺🇸🇺🇸😂😂
I mean you arn't wrong lol
That would be correct if copper and silver have the same weight by volume. Is that true?
MJ, Good point but possibly irrelevant, because my assumption is the “90%” in the “90% constitutional” means 90% silver by weight - not 90% silver by volume. Pretty sure it is by weight.
M J, as an aside - by density.
Gold > Silver > Copper
-- But irrelevant by my other point. Thanks 🇺🇸
Got it, thanks!
Dayum...just set the scale to measure in "Trot Ounces"" instead of "Grams"! Otherwise, just divide the weight in grams by 31.1. Really, how hard is that?
#freebaggins dragons
you made this more complicated and confusing than it ought to be. What does it mean when a coin store says they’ll give you 12X face or is it 12X/dollar.Then how much is that under spot price? Is it per ounce or per dollar??? You explained nothing about the language of coin shops to know what I’m getting or giving!
Are you compensated for the copper (4lbs) or merely paid for the 90% of silver content??....
Bill Smith nope silver only 🔥🐉
Newbie question - why arent there any nickels shown here?
domiflichi night nickels are clad except for war nickels which are only 35% silver not 90% 👍🏽🔥🐉
or even out of 10 ounces 90% is 9 so out of 10 ounces u have 9 ounces of pure silver! lol
Take total oz weight devide by 1.11
You get you number.
Not 1st
TheReal300zxMan lol second 🔥🐉
Why waste the time weighing it, every dollar is .715 ounces every ten dollars is 7.15 oz. Every 100 dollars is 71.5 oz and every 1000 dollars is 715 oz. , its easier to figure it this way and with the worn condition of the coins it's more profitable. The only reason you should weigh it is if you are going to refine it but you lose money if you do that.
Robert Waterman I would love to own $1000FV someday 🔥🐉
@@SilverDragons47 when I started buy silver it was only a $1.15 for a dollar face value and i was still getting it out of change on a weekly basis. And when eagles came out the dealers would sell a roll for 90 dollars so I had an early start, but there are still opportunities if you leave no stone unturned and get creative.
Robert Waterman awesome prices! I wonder if we will think that about getting eagles under $20 each in the future 😉🔥🐉
@@SilverDragons47 you can get eagles for less then 20 dollars today at apmex last I looked you could get back date rolls for about 360 dollars today.
Robert Waterman for sure my video tonight is on my latest pickup for 338!
You should label your videos beginner, intermediate, advanced etc. videos like this are just insulting to most stackers’ intelligence.
StinkyCASH not a big fan of labels. also seems like most of people on here are new stackers. have you noticed the influx of people getting into PM? SHTF is coming 🔥🐉
On the contrary silver is lower than ever and bitcoin is more popular amongst millennials
StinkyCASH I mean on youtube not the price
“What is up TH-cam” why promote TH-cam? Lose that greeting :)
You do know that youtube channels are monetized don't you?