Constitutional Silver: EASY Math 2024, 90%
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- เผยแพร่เมื่อ 11 ก.พ. 2024
- Junk Silver, 90%, Constitutional, whatever you call it, it has value and this is how you calculate it. I hope this is an easy explanation how to calculate your actual Silver content on your junk silver.
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The learning curve is not as steep as it used to be with generous teachers like you putting good information out there. Kudos.
Great job breaking this down for people, this makes it easy to understand.
Yes sir, I love my stack of historic, fractional silver.
Keep stacking!
Thank you. You never know when you may find key dates in the junk bin. Enjoy the hunt 😊
Great video very informative. I learned a lot. I have lots of 1oz rounds and bars but wanted to get into junk silver but wasn't sure how it worked. This cleared up a lot of questions. Thank you
Glad to help
Sometimes it hard to see the forest because of the trees. Beginner stackers always get twisted up around "how many ounces is it"? Just know this: $1 face is supposed to weigh 25 grams per specs. To figure melt value of $1 face, simply multiply spot price x .715. Morgan and Peace dollars are an anomoly, and are not "junk" silver. They weigh 26.73 grams and contain .7734 OZT. Don't mix them, they get a higher premium anyway. Any combination of halves, quarters, and dimes goes with the face value/25 gram rule. Sellers will try to sell old worn coins by face value, buyers should be trying to weigh the coins to ascertain actual melt value. A bargain should be struck in the middle somewhere. FYI
That is also an excellent way to access your holdings. I've found teaching new stackers, especially those that struggle with math, the easier way to remember is the $1.40:1ozt ratio for trading on the fly. Perhaps in the future, I'll do a video on specific coins potential weights. 😁
Great video. I've seen others like it but I think you're the first I've seen put it on a scale and show the math.
Thank you. I'm just showing a quick way to get a rough idea of how much silver you're buying with premiums
Great explanation. I had a stack goal of having $140 face value in constitutional to make it easy and i thankfully got there before the prices on constitutional went crazy, but its nice seeing more and more deals on it in the community. Since im up to my 100 ozs silver weight in constitutional im not getting anymore until i see it much closer to spot than anything else. Its certainly a great way accumulating fractional silver for less than actual fractional silver premiums.
Excellent. Reaching goals or exceeding them is always a great feeling. Diversification will help cover your ass. 🙂
@@TheBrokeStacker definitely right. Thanks mate
Good explanation!
Good explanation by far! Here in Canada they sell 90% by the gram and have a price based on spot price. Cheapest I've seen was $1.01 a gram cad = 0.75 cents usd.
What’s not to like about Constitutional Silver?🤷🏽♂️
I scored 261 Roosevelt dimes and 3 quarters at a auction last Saturday. For 362.00... I did quite well. Just waited for everyone to run out of money.
That's called playing the long game 😉.
I just memorized the actual Silver weight for dollars, halves, quarters, and dimes so I just have to multiply the number I have by that number and then account for a bit of Silver loss. Good video though!
Excellent. Not everyone is going to remember the exact decimal on the fly out in the field. That's why I made the focus of this video the easier to remember ratio of $1.4:1ozt for beginners. Thank you for the positive feedback 😊
Cool
Thank you, but just so you know, a dollar as a peace dollar or a Morgan is going to weigh a tad more than 4 quarters Like Washington quarters. Also, There will always be a little bit of a premium with constitutional silver. So even though the spot price is 22.77, you will always pay a little premium over that.
Spot is way above 22.
Did you have to pay tax on your purchase? Ugh I hope I heard wrong.
Good purchase tho, love that constitutional!
Yes. It's the 6% sales tax of Idaho. I know, taxing the exchange of currency for real money is ridiculous
In California, you pay tax for the first $2000 of silver. It went up from I believe $1500 at the beginning of 2023. Just like you now pay tax on eBay, or Amazon, or those kind of sites as of I believe 2020. In a state like Nebraska, as long as it is shipped to Nebraska, there is absolutely no tax charged, so that is good. You will usually find that the liberal states have a lot more tax charged. I Realize Idaho is not liberal, but if you buy it in a store in Idaho, as a walk-in, that probably is why you paid the 6% tax. If you purchased it from say Montana, I would not think that you would have tax but that’s just a guess.
I have been buying half dollars. Since the premiums of them were higher than dimes and quarters a few months ago. Hopefully it will happen again soon.
@@TheBrokeStackeryou should take a drive to montana on your next big purchase of silver. No tax
You'll want to check my numbers and math but Silver dollars (Morgan and Peace) have a different silver content than $1.00 face of dimes, quarters, halves. IIRC...
Halves, dimes, and quarters .730 troy oz UNC, .715 circulated
Morgan's, Peace .773 troy oz UNC, .770 circulated
All junk silver weights vary, especially after decades of use. This is just a vague ratio to get you close. Perhaps one day, if silver goes to thousands per ounce, we'll need to measure in micrograms. 🙃
@@TheBrokeStacker Take wear out of equation and these are the numbers... The amount of silver in a silver dollar is .7734 troy ounces of silver. The amount of silver in $1.00 face of quarters, halves, and/or dimes is .7234 troy ounces.
Not sure why the mint would do it this way but they did.
@@TheBrokeStacker do you have a red book? If not let me know I will gladly mail you my extra one free of charge. It's a must have for any stacker and/or collector that deals with us coins.
@shufflesilver Yes, when verifying the legitimacy of certain coins to rule out counterfeits, exact weights are important and these numbers can be found in the red book. Excellent point. As far as everyday constitutional silver goes, the $1.40: 1ozt is a useful tool for beginners to help get started on their stack. Perhaps in the future I'll do a video illustrating more exact numbers on 90% 😁
65 to 71 were not clad they were 40%ers
Yes. If memory serves me correctly, 1965-1970 and 1976 Kennedy half dollars are 40% silver.
Only the dollars have .77 the other coins have less then that, it’s like .74. Misinformation here