90% Constitutional Silver, Is It Worth The Premium?
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- เผยแพร่เมื่อ 16 ต.ค. 2024
- I picked up another 10 FV (Face Value) of 90% US Constitutional silver today. This purchase cost me 30.10 per ounce of silver. Generic silver bars and rounds can be had at a lesser premium in today's market. That said, is it still worth stacking Constitutional silver? Follow me thought the video and make that judgement for yourself.
Please let me know your thoughts in the comment section and as always, thank you so much for watching!-SS
Love me some 90%. These premiums hurt now though.
The premiums are stubborn. Unlike the ASE and other high premium silver, there is only so much Constitutional silver to go around.
@SilverStruck there is only so much silver to go around period.....there is less than 1/2 ounce of silver to go around for everybody.
I just recently completed a monsterbox full of constitutional. I used an empty 10oz RCM box which worked perfectly to hold exactly $500fv. Now I'm thinking about starting another one.😊
I think any more than $500 fv is over-indulgence. I say that because that's all that I have and I don't want you to have more than me.
WOW! Monster box of Constitutional, well done- love it!
@@MrDavidknigge it looks like I very well may be an over-indulgent stackers because I don't plan on stopping!. Let's keep going, onwards to $1000fv. 😊
@@SilverStruck same here! Thank you.
Add some pre 33 gold just for fun
Good idea for storing the 90%.. I may adopt it lol
The PCGS boxes work very well for the 90% tubes and it's easy to stack the boxes👍👍
This is one thing I am missing in my stack. Never got into constitutionals for many reasons, but I sure wish I did get into it when it was actually very close to spot, years back. Flipping them now would be a blast. Impressive stack, as always!
I never went too heavy with the 90% silver but wish I had years ago like you are saying. These days, I will pick up 5 or 10 FV here or there...if I can get closer to 20X FV. Always awesome to see you here my friend!😊👍
Hi Skeptic Contrarian! You and me both! BTW... I've subscribed to your channel! Nice video content! 😎
I'm buying constitutional right now and I'm getting it for face X 18. That's like $24 per ounce....pretty cheap..it's like a dollar or two more than spot. Most places are at face x19 or 20 right now. Go check it out! Local shops, not online stores. The online places are charging like 30+ per ounce
That's a nice stack of 90%. Very cool! You going to do another stein fill again? Hope to see another fill series. I'm a sucker for the old silver coins. Even foreign silver coins would be cool
I have been really wanting to fill the stein with just Benji's! The premiums just keep me from doing it. At my LCS the benji's go for another 1X FV and he doesn't have many. Someday, I'll bring that stein back!
Nice that you were able to find some 90% to add to your stack. The premiums are bad, but I always say buy what you want. Enjoyed it my friend.
Found some 90% at good prices for the times! This silver has been as high as 30X face recently.
@@SilverStruck as we saw recently, constitutional will jump considerably when there is bad economic news, like another major bank failure. I think that's because in brings in more novice stackers.
@@MrDavidknigge That could be. Most novice stackers I watch at LCS ask for ASE's. I have noticed a lot more people interested in silver then in years past.
Good luck, my dear friend. I wish you all the best
I don’t understand the premiums lately, we sell our triple nine bars for cheaper than the 90%… And that just doesn’t make sense to me.
The premiums are all over the place these days. I don't mind spending a little more for the 90% now because of how scarce it's becoming and how sought after this silver is. They aren't making any more of it. That said, I'll only buy 5-10 face when I do buy because I like stacking straight silver bullion and it's cheaper to buy bullion anyway. Your right- the market isn't making a lot of cents....yes dad joke, sorry😁
That is a great method for calculating the conversion! Well done. :-)
Thank you watching and leaving a comment😊👍
You found your 90% for a great price. Nice haul
Thank you Bean! It's been a while since I was able to add any 90%, so glad to have some for the right price.
Nice diversified 90% stack 👌! Looks like a great start 👍! Thanks for the fun 😀!
Thank you for watching!
Very informative video! I know very little about constitutional and junk silver. I’ve recently gotten into Jefferson war nickels, which I really think are slept on. But they are super bulky as well. Mintages are also crazy high on all these coins, which is the biggest turn off for me and which is why I don’t go heavy on constitutional. I think you meant 100g bar 😂 you said 100oz a couple times 😊
You caught that, lol!- 100 gram bar is what I meant. You know SBS a 1.40 Constitutional stack pack might do well on your site- just saying 😊
@@SilverStruck I feel like I can’t do this without dubbing it the Silver Struck Constitutional Starter Pack 😂 Might also need your assistance in sourcing the 90% and 40%. I can see now that you are the sole reason for the junk silver bottleneck on the east coast 😆
I recently acquired 4 rolls of 40% Kennedys for the same reason. My thinking is that high future demand on 90% will spill over eventually.
@@silverbarstacker LOL! I blame Patriotic Stacker in NY for the shortage, he has more than I do 🤣🤣
Nice adds to your constitutional stack... Im trying to keep some powder dry for a possible private purchase of what i think will be mostly silver quarters... having to put almost $2,500 into our cars in the past 2 weeks is not helping !!!!😢
That sounds great- private purchase of 90%. I hope you get a great deal! I hear you on the expenses...went to the PO and got my property tax bill and my home insurance renewal- I had been hoping for silver! 🤣🤣😁
Absolutely 90% will become-soon really really expensive to obtain imo, 90 & all Eagles, Gold/Silver & Platinum Eagles will probably only ride in premiums moving forward imo-nice pick up! Great topic 👌
I rather stack silver well under 30.00 per ounce, however- 90% is truly becoming scarce as it's stacked more and more.
Gorgeous stack of beautiful Constitutional silver there, Struck! The top UNC Kennedy has a beautiful satin cartwheel look. The Franklin on top of the UNC roll does not share that look, however. I love the Benjies, but since there are virtually no found key dates with them any more, any pretty and lightly circulated Benjies are sweet to have. Numismatics are just not usually a part of the equation on those. Also, I think one factor that is often forgotten about, when considering relative costs of junk silver to bullion coins or rounds, is that we are talking about fractional amounts, and if you factor that into the prices of fractional bullion coins or rounds, you find that junk is a little more inline on prices. Furthermore, it can be seen as a plus that 90% is much harder, and therefore stands up to circulation and handling better than bullion coins and rounds. Lastly, having weighed Constitutional silver myself (as I'm sure you have too), it's kind of amazing just how much silver is actually STILL THERE on even the slickest of slick Barbers, SLQs and WLHs.
Fantastic comment, thank you for taking the time to write it! Due to the scarcity of 90% silver in the marketplace today and it's popularity, I think Constitutional silver will have some nice upside returns in the years to come. Weighing your 90% is the best way to buy as you already know. Most LCS's and the on-line bullion dealers will only to business with FV, so that's why I left that part out.
I love stacking constitutional silver. Everything you said makes perfect sense. I love the feel and the look! And definitely believe it's going to sky rocket in value! Thanks again for your video, enjoyed it helps me to keep collecting.
Thank you for the wonderful comment! Keep stacking up that Constitutional silver!
Brilliant storage idea! 👍
I’ve got my 90% in an ammo box. I need the extra height as I’m working on a tube of Morgans and a tube of Peace Dollars.
Yes- those coins are big! Glad to hear your stacking the silver dollars up my friend!
Hi the English Professor! Yes, ammo cans definitely work! They are waterproof! Nice! 😎
Nice stack of 90% I love the Mercs to.I’ve been lucky I pickup a lot of my constitutional silver at awesome prices 👍👍👍👍
Hey Davo, thanks for watching!
You truly have a beautiful stack of 90%, Silver Struck. I missed the boat on this, with no constitutional in my stack. The proof Bengi's are visually appealing! I like the "New Math" method. It's the Easy Button! Thanks for an informative video!
Thank you for your kind words Weekly, much appreciated! The 1.4X the amount over the X face is the easiest way to know what you spending per ounce. 90% is not a very good buy compared to straight bullion right now but it dose have that scarcity factor.
I think the key question is if it's worth stacking or if it's worth collecting. Stacking for weight, there are much better options like silver rounds and foreign silver coins that you can get cheaper. Collecting, totally worth it in my opinion. The older the coins get as the years go by, the more their numismatic value will continue to increase. Imagine getting a tube of Sitting Liberty dimes that are all in F+ condition. They're worth far more than their melt value. I believe that the same is already true for Barbers in good condition and is starting to become true for Mercury dimes in good condition, especially with older dates. If you buy a large "junk" quantity of Mercury dimes, 90% of the dates will be from the 40's, most of the dimes will be well worn, and those from the 30's and older will usually be slicks. A tube of Mercury dimes in good condition from the teens and 20's already has numismatic value. I don't think that will be the case with Roosevelt dimes, Washington quarters, and 1964 Kennedy halves anytime soon, since we still use the clad variations till this day, plus the inconvenience of having to check the dates to know if it's silver or not. But Mercury dimes, Walking Liberty halves, Franklin halves, and Standing Liberty quarters in good condition will definitely continue to go up in price, and of course, anything older as well like Barbers and Sitting Liberties.
Thank you for taking the time to post this comment! The way I see it- 90% silver is multifaceted. You have the silver weight of the coin, the fractional aspect of the size of the coins, the recognizability of US coinage and the historical value. At this point- it's like stacking a collectable. I see big upside in future years for the value of 90% as it graduates out of just being stacked for silver weight,
Rounds are more expensive than 90% at my LCS. Sometimes you can find the best of both worlds.
I held off when the premiums recently went from kinda nuts to crazy-stupid, BUT…I recently picked up a couple of tubes of Mercs and Rosies for 20FV. I’m good with that. Love that 90! Great stuff, SS!
20X FV- that's the sweet spot these days. Three weeks ago my LCS was at 25XFV, so when he dropped the price to 21.50, I pulled the trigger.
@@SilverStruck - Same. I played the waiting game for a bit, then jumped!
nice stack. On friday my coworker that I have been buying from hit me up again. bought 120 quarters $4 ea. Great deal. 20 mercs $2ea and 10 walking liberty halves for $10ea. Eventually I will own all the silver he has
That is some great stacking right there my friend! I'd buy all he has at that price!
😮😮 damn nice looking 👀 stack dude ‼️
Thank you! I wish I picked up more 90% years ago when it was cheap but glad to have what I have anyway.
Been a bit since I bought Constitutional but did come across some dimes at 1.57 each bought all they had
You gotta really look for the deals. 1.57 on dimes is a heck of a deal- very nice pick up!
I like 90% as well. I still get a little from time to time as well. They aren't making it any more as you said. Sometimes my LCS will get a bunch of it from people selling it. But,there have been times when they've been bone dry.
Yup! I have seen my LCS with no Constitutional silver as well in the past. Stack it while you can get it!
💯 to you Silver Struck !!
I have turned to wanting a few tubes of proof Benjamin half's.
Where could one check for a roll or 2 of them ? Same with the b.u Kennedys halves.?
Sweet collection of junk !
I love the idea of using pcgs boxes ! Genius! Idea !
Thx. For the take !
Very educational !
I appreciate you silver struck .
Oct. 2024#
I'm glad to hear that I'm not wasting my money on junk and that it holds value . Their just seems to be so much out here in todays world still.
I normally buy my 90% at the coin shop so I can pick through the good ones. Way better buying that type of silver locally if you can. If you need to shop on-line- the big guys sometimes have deals- Apmex, JM. Bold has had good deals lately! Thank you for watching and supporting the channel!
Nice break down. And a beautiful collection of 90%!
Thank you Plumber! Good to see you, thanks for watching😊
Awesome update. I was at your LCS the other day.Very nice shop, I made a few pickups. Great service. Did you leave any of your page stickers? Have a great sunday.👋🇺🇸
Funny your mentioned that! When I was there, Jules asked me for a channel sticker for a customer and I happened to have one on me. So, if that is for you- it's there! I'll leave some extra stickers there at some point. I love that store- the best people😊👍
@@SilverStruck possibly, unless you have another follower here that went this week.
@@williamking2249 I'll be sure to leave sticker there soon. Thanks for watching my videos😊
Great video, Silver Struck. You are always professional and knowledgeable about the content you are sharing. By the way, I wish I wouldn't have discovered Whatnot... I'm spending way too much money! Have a good evening, my friend !!!
90% silver is all over the place in pricing right now. I seek out the best deals I can find, so happy to have added Constitiunal for 21.50X FV. I've heard stories of 90% being sold as high as 30XFV.
@@SilverStruckwow!, 30x is rough. Most of mine (minus my Morgan and Peace dollars) was stacked below $20fv. I sure miss those days.
Buy slow buy steady on 90% , I need to follow that rule… the Benji proof roll is growing on me, SS! Lol
I love that roll of proofs! 90% has just been hard to stack lately, so I have been picking up 5 or 10 FV when I can. If Fish was around he would be a good motivator.
@@SilverStruck let’s go fishing 🎣 so he can surface again!
@@ACE_. I hope he comes back, I miss his videos!
Nice brother! It's sweet seeing all that 90% lined up. I've made some significant changes within my collection lately. Sold off a huge lot and planning on coming in strong on one single coin. Once all this craziness if done I need to start monthly stacking again. Been out for so long with other collectible coins and now consolidating my collection while the market is hot. Anyhow, hope all is well brother, thanks for sharing your thoughts!
Hey SS, great to hear from you! I'm looking forward to checking out your new acquisition, must be quite the coin you got. I need to start looking at the numismatics again, there are CC's I could upgrade.
@@SilverStruck Haven't got it yet, just have the money burning a hole in my pocket! haha But on the real, have the money just need to opportunity. Auctions closes in 3 weeks for a real duzzy so hoping for success. Ya bro never a bad time to check out some CC's!
Very COOL idea BRO !! Love them US constitutional silver coins & you have a great collection of them !!! 🦞👊🏻👊🏻👊🏻👊🏻🦞
Good to see you Cajun, thank you for watching!
Just started stacking and came across this video. Pity prices aren’t like this anymore…I’ve gotten my son (8) into stacking and he paid $36 for two 1964 JFKs and a 1963 Benjamin half dollar this past weekend. $12 a coin for just under $11.50 of silver, could be worse.
I'm glad to hear you have introduced your son to coins and silver! Yes, 90% US silver has continued be be more expensive to stack. The supply of this silver remines low which is surprising to me. When I go tot he LCS, there still is not much offered for 90% compared to years ago with bins full.
Awesome Collection / Stack of Constitutional Silver! Impressive I must say thanks for Sharing
Hey Strategic, good to see you! Weather is getting better in our neck of the woods, it will Summer before you know it.
@@SilverStruck You as well, yes its definitely been a slow start this spring but for sure the heat it coming soon. Blackflies have sprung.
I do stack it when I can find good pricing! 90% is partially what got me started stacking many years ago ! Have a great week ahead! Crazy that it used to be so cheap and now it is high premium.
Yes sir, 90% silver is almost as bad as the premiums on the ASE! The reason I will still stack Constitutional is because it hasn't been produced in 59 years while the ASE is struck by the Millions each year. I expect we will see more upside potential with 90% value in the future.
A whole tube of proof Benji's. Nice!
I dig through the 90% bucket and pull out the blackest and most toned coins I can find. I do grab a few BU every so often but it's not my normal. I don't know if you consider it constitutional but I added another 1986 ASE to my stack last week. Big premium on those but I take them whenever I see them.
Good to hear your still stacking my friend! 1986 ASE, very nice! That's a good question on the BU pre 1965, I would still consider them constitutional silver...just in BU condition.
Loved your video. I am buying constitutional but not at the rate in the past. Like you mentioned it will not be made anytime soon
Thank you, I appreciate the compliment! I'll try and pick up 90% when I can but the premiums still remain high. In the future, I think this type of silver will cross more into semi-numismatic as existing coins are stacked and collected.
I love 90% silver and grab it every chance I get. A few places by me have constitutional silver. A jewelry store sells it at $26.00 for $1.00 worth. Haven't been in a while and the price fluctuates. After seeing this I think I might stop by this week. I am partial to Mercury dimes and Franklin halves. I see some in my immediate future. Thanks brother.
I love Merc dimes but they are always worn when I find them. Franklins are my favorite half dollars, I've really warmed up to them over time. Happy hunting out there, I hope you find some nice 90% silver! Hey- thank you for your continued support it means a lot 😊
I've probably mentioned this before, but I'll mention it again anyway. I stack everything in proportion to its constituent counterparts. So for example, if I have 100 Morgan dollars, I will automatically make sure to stack 100 Peace dollars. That will also mean that I will have 400 half dollars spread out, as evenly as possible, between '64 Kennedys, Franklins, and Walking Libertys. This would, in turn, mean that I would have 800 Washington quarters, and 2,000 dimes split between Mercuries and Rosies. Prior to reaching 1,000 ounces of Silver (500 ounces of which was 90% Constitutional) I allowed myself to buy some coins that had a bit more wear on them. Having said that, I stick exclusively to the coins you see listed above. So I don't stack Standing Liberty quarters or Barbers of any kind. I do occasionally buy those coins when I see them for a good price, but that's almost always for the purpose of shooting them out as a small gift at Christmas. I also put a lot of those coins and other slicks that I happen to pick up in separate areas that I do not count as any part of my own stack that are for the purpose of giving to other people, should worst case scenarios end up asserting themselves. In this way, I can help others with several ounces of Silver when no other wealth is available to them. They also help to serve as diversionary stacks for people who might want to steal or rob from me. I actually don't consider the spot price to be any kind of accurate number, though I acknowledge that it is actively used as a measure by most. I actually consider the price paid to be real market price of the metal. However, again once I passed the 1,000 ounce mark in Silver, the specific price has become increasingly less important. This is also true as I continue to reflect on the happenings in culture and geopolitics. In other words, I'm increasingly convinced that it will be more important to possess the metal and less important as to whether I was able to get it a few cents cheaper at one time versus another. I know, that if consistent in the long-term, you will possess more metal by paying closer attention to price, but I find that this isn't typically how people operate. They simply avoid buying when they thinks "premiums" are too high, and then they buy later when they either can't wait any longer or when prices have dropped a bit. But most often, they haven't save all of their money over that time so that their purchase can be that much larger than it would otherwise have been. This is why is simply dollar-cost-average, making the best purchase that I can at the time, regardless of the actual price. I do buy it all though, including the Silver dollars. If and when I ever do sell, I will definitely have to go through and separate out all of the better condition coins from those in poorer condition. I'll probably also have to go through and search out the variety of coin values as well, especially if we are still in economic times where collectibility matters. I leave that for later on purpose, as something that I can enjoy in my leisure during retirement. I'm sure it will take a very long time to search through and catalogue thousands of ounces of Constitutional. Right now, I don't quite have 1,000 ounces of Constitutional, but I'm closing in a little bit closer each year. I passed the 500 ounce mark several years back. It's been a bit harder to find and buy over the past couple of years though. People just aren't selling it as much. I've been able to find quite a few Morgan dollars and some Peace dollars, but your run-of-the-mill Constitutional is pretty dry in my area. I stack the 90% mostly because I think that it will prove to be the most useful kind of Silver to have overall. Whether one is talking about fractional Silver, barter, or long-term collectible or numismatic value, I think the 90% is going to prove superior. I can already see in my 15 years of stacking how things have changed just during that time. Things used to be much more common and available, and today they are far less so. When I first started, you could still actually stack Barber coins fairly easily, but now even some of the worst condition Barbers are in flips and carry a definite numismatic premium that wasn't necessarily there 15 or 16 years ago. In addition, the prices are vastly higher than during the past, and I'm relatively confident that the prices aren't ever really going to go back down for 90%. I'm never going to be buying good condition Mercury dimes for $1.25 or $1.50 again. I'm never going to be buying good condition Morgan and Peace dollars for $15 to $18 again. Even if the Silver price itself were to drop back into the teens, I really don't think that you'd see most 90% Silver come out for sale during those times. As far as I am concerned, regardless of the spot price, 90% will always be getting more rare and more valuable over time. If the value of that doesn't accrue to me, then it will be beneficial to my wife and/or my son when I'm gone. Converting the remaining value of my fiat back into real money is probably in my top 3 list, as it relates to the best things that I could possibly be doing with my currency in the current context. I only purchase on-line occasionally, when I can't find something that I want to send out for Christmas, but I stay away from that for the most part. It's just too expensive, and typically I can find what I want at the LCS, if I'm patient. They always have Gold and a variety or Silver coming through their hands. I just picked up 3 very good condition old 80s Prospector rounds, and I'll be going back this week to see if they have anymore. Sorry I haven't been commenting much lately, but this was a great video!
HI my friend! Any comment you leave is appreciated, if you don't comment on each video, I do not take offense. Your comments are always well thought out and you make great points. My father left me silver in the form of 90% quarters and halves. It was hard for me to purchase older coinage at first. The first time I purchased Constitutional silver it was 13X FV. I think those days are long gone. I wish I stacked more of course. I'm not in the same ballpark as your 90% stack. Amazing job btw, that stack is a great accomplishment! As far as the performance of Constitutional silver and it's future upside potential, I think you're 100% right. Glad to hear you snagged some more Prospectors! Been picking those up here or there as well 👍👍
That's a pretty nice pile of 90% Constitutional Silver Reserves. I've been building up my Silver Reserves as well. I'm hoping to have a nice amount in the next year or so.
Awesome to hear, keep stacking that 90% silver! Thank you for checking out one of my videos😊
SilverStuck get some Guard House boxes! Having y just boxes motivates you to fill them! I have a completed dime, quarter and half dollar filled!
I have thought about stacking with the guardhouse boxes. It's awesome to here you have filled those boxes- good stacking!
Great video. I like the breakdown of cost. I definitely think they will transition to collector pieces for sure. I think they’re already starting. I got some 90% at 20xFV today
That is an excellent score at 20X FV, well done! 90% is growing scarce around here, so it's not easy to stack it.
I think that stacking any type of silver is worth it. I just purchased a tube of buffalos and some Benjis . Im going back later to get more of the 3 types of dimes.
Right on, keep stacking! I still buy generic rounds from time to time myself. I've noticed less silver inventory on JM and Apex latey.
i began my stacking journey with .999 bars and rounds. more silver for the money, no doubt. but i sold all that silver and now stack 90% quarters, dimes, and halves. also morgan/peace dollars in uncirculated condition. numismatic value is just too hard to ignore when silver prices soar.
Yes, the numismatic side of things shouldn't be ignored! I still like to stack silver but when I'm not doing that, I focus on my Carson City Morgan collection.
I like constitutional as well but at a certain price The lcs in my area Seattle fluctuate with spot it’s around $21 FV at the current time I liked the example of the Geiger vs the tube of constitutional in the fact if you had to barter I think it would be easier using the dimes , quarters or halves if the person didn’t have anything in return…change! And yes I tend to stay away from the ones that have seen better days if you know what I mean 😂 Silver Struck…Sir another great instructional video. Cheers brother 🍻 Mike
Mike! Good to see you brother! I need to make it to an auction stream at some point, just been so busy. I've noticed my LCS runs very low in Constitutional lately- many buyers and not many sellers. I still pick through and get the silver with less circulation 😊
I love 90% but the Premiums are starting to hurt pretty bad on it. Thanks for Sharing. great video I appreciate it silver struck
HI Mark! Thank you for watching and leaving a comment😊
wow very nice.. where did you get the proof benjamins? LCS or online?
I actually purchased the proof Benji's private sale from other channel here on TH-cam! I wasn't looking for them but when they were offered at a great price, I scooped them up.
1:33 It saddens me to know that 7 years ago I had a stack of 90% that put that image to shame, seriously dwarfing it. I still rival it, but it's a pale echo of what was. I had several large tackle boxes full of the stuff, more than I could pick up at once, I had a goal of my body weight in silver and was 2/3rds of the way there.
The issue currently (2023) is that the premium on 90% (per ounce) exceeds even that of Silver Eagles and other government issued bullion coins. I don't expect that to decrese significantly, and won't be surprised to see it increase in the future. But, likely on both buying and liquidating.
But, as stated, they don't make 90% any more. The supply is actually diminishing over time. This is where supply & demand enters the picture. And so, I expect that going forward in time, the premium on 90% will continue to outpace that of more current products, even current governmentally produced coinage.
At some point, down the road, the metal content of even "common date" 90% US coinage may become secondary, as it is currently with numismatic silver coins.
I see no reason to habitually append "constitutional" to the 90% coinage. Seems really nationalistic and unnecessary. There's too much association of backwoods survivalists with silver stackers who aren't fruitcakes. US 90% coinage is desireable globally (OMG did he say "globally"?).
Earlier on in my stacking journey I admittedly over-looked stacking US 90% silver in any great quantity. At the time, I was mainly stacking ASE's and silver bars mostly. US Constitutional silver has been in higher demand the last few years for sure. Many stackers and collectors across the globe see value in our older silver currency-100% agree with you on that point. As of late silver prices and premiums are dipping and I think they may continue to dip for a while. I'm hearing some stackers acquire Constitutional silver for 17X FV- prices that have not been seen in years now. If the premiums erode much more, it will be a great time to accumulate. As the years tick on and the available inventory of Constitutional silver decreases, I think the future values will have a lot of upside. Thank you for watching my video and taking the time to leave such a well thought out comment!
What if you have 2 Benjamin half’s 3 rossevelt silver dimes and one Washington silver quarter does that equal one Troy ounce of silver?? Just curious 🧐
There is another multiplier you can use to figure out how much silver you have. The video would have been too long if I went over that part. For speed and ease the 1.40 is a quick way to think of the silver weight.
I agree with the local cash deal concept. If however, you come into a windfall (sell some realestate or whatever), online dealers are the quickest and most efficient way to move that money out of the banking system cleanly. For junk, just divide the face value by .715- that's really the most efficient and widely accepted formula to use. BUT, buying junk by face value is more to the advantage of the seller than the buyer. Those old worn out and slick coins are a black hole for your money. Much better to weigh the lot, divide by 25 grams, then multiply by agreed face value. This is the truly fair method for both parties (25 grams is supposed to be the net weight for any combination of $1 FV, excluding dollar coin.) Don't fondle your junk! 😆
Well said, thank you for the comment! Weighing is the best way. I just went for the easy math on this video but did include the .715 math on the first pic I put in the video.
Great video, love constitutional silver but not at these premium currently
I can understand that, it's still quite the premium to buy right now!
I do stack the 90% but not buying any right now.
I haven't been stacking it either until I found this deal.
@@SilverStruck Deals are great! I wish I could find more. 😅
We cannot lose with US90%! Be sure to secure a giant bag of any pre-'65 XF-AU dimes! Ultimate barter! Proofs pretty, but not now!
Right on- the dimes are the ultimate in fractional silver.
@@SilverStruck Yep. XF or better for FULL WEIGHT. Don't buy thin junk!
You have a very nice stack I’m a big fan of 90% silver and gold I do like better coins rather than slicks
Thank you for watching! I have some 90% gold but not a lot, I should add more.
Oh good gosh that looks like a coin collection!
In a way it is a coin collection! 90% is great like that- silver value and some older coins for a bit of history.
21.50 is an awesome price, as it's still 24x face in my area
21.50- I'll pull the trigger and buy, however anything over 22X, I will buy other silver. Glad I could add some more to the stack, I miss stacking 90%.
started my dime and quarter tube today. Mainly been focusing on one ounce coins and morgans since i first started stacking but now gonna focus on finishing these tubes first before i get any more pretty stuff.
Stacking a tube at a time is a great way to stack! You get a great sense of accomplishment with every tube completed. I need to finish up some partial tubes myself.
@@SilverStruck i dont have much constitutional yet so i at least want to get a tube of everything before i buy more fine silver. The constitutional keeps getting more scarce too. The new stuff will always be there for me to purchase however constitutional may not.
Great advice, Constitutional is the way to go if the price is right .
It's a challenge to find a good deal but sometimes I get lucky!
It's by far the most fun to collect...you know, trying to see how many year/mintmark holes in albums you can fill with them?
I haven't gone down the collecting rabbit hole with 90% silver yet. Right now, I still just stack it when I find it for a good price. In the future, I could see starting some albums👍
Where can you buy those clear plastic tubes that you put the constitutional silver coins in? Thanks, Tony.
HI Tony- you can find these tubes at a local coin shop or on-line. There are many places to buy on-line- you can check out Ebay for deals or go to a direct website like coinsupplyexpress.com among others.
@@SilverStruck Okay, thank you!
I am not so much of a stacker but more of a Numismatist. So I collect all of the different types of currency. From the lonely penny to the $20 gold piece . But I guess that you could say that I’m a stacker as well if you ever want to see my collection. I have different coin folders that still need quite a few coins to fill them up but I also have a few that are completely filled, but I have many different coins that I guess that I’m holding for that JIC. scenario comes to fruition. Al in all I guess that you could say that I’m pretty much prepared for any economic disaster that could come our way.
Sounds like you are a stacker of numismatic coins! Not a bad way to stack, it's just different than looking at silver for the bullion aspect only. I do a bit of both myself. For coins, I try and focus mostly on the Morgan dollar.
Im so glad i stacked constitutional back when it was cheaper pre 2020.
Me too but I didn't buy enough back then! Good to see you Silverking!
i like your junk silver collection ! junk silver and bars are my favorite
I primarily stack silver bars but I do like to stack other types of silver as well. Thank you for watching!
I was lucky to get CS at 16x face earlier this year. Sold it at 22x although I could of asked more. I think its good to sell it when prices are high and buy it back when it's low. That's my startegy for constitutional.
That's a amazing price- 16X FV. I haven't been able to find 90% at that price in a long time.
As Lynyrd Skynyrd would say; Sweet Home Pennsylvania ! Beautiful collection of constitutional silver. I’ve been collecting more constitutional silver at my L.C.S. than any other silver coin. As you pointed out it’s not made anymore. 🐱🐱🐱
Right on my friend! Yes, as 90% keeps going into stacks there is less and less of it to pick up. I've been picking a little at a time when I can.
@@SilverStruck 🐱🐱
I have 90% as well. I pick it up when I can.
It's been harder to find lately, especially for a good price.
Looking good Struck! 💜🦄
Thank you Raven! Good to see you!
I need more constitutional in my stack. im keeping an eye out for a price reduction
I try not to buy unless I can find it closer to that 20X FV mark...it's getting hard to do that now.
I picked up 2 rolls of mercury dimes today and found like 14 of the 7-12 dollar D's in them and i also swapped out 6 of my 1oz bars for some junk quarters. I just feel like the junk silver is way more rare, way cooler with the history and definitely much more recognizable and trusted by others. Ppl know and trust constitutional silver but it can be hard to convince someone to buy a silver bar when they have no idea what it is or a way to test it. Plus...if shtf, like we all say, definitely want the small coins haha
No doubt that our US 90% coinage is more sought-after vs other types of silver. I like that there is a limited supply of it left to stack...new silver bullion is made everyday.
Just picked up $100 face of mercs and quarters for 22x. Cheapest I could find!
Nice! 100 FV 90% is some serious stacking, well done!
Oh how I love the look and feel of constitutional silver. Do you think we should go back to ideas on coins like liberty, justice, and freedom or continue with humans? My thought is humans are always subject to political jargon where as ideas like liberty should always be held high. When you look at Washington in example, you may see a great man...but when you look at liberty, you think about yourself, your experience, the nation, and if we are moving towards or away form liberty....
Thoughts?!?
That is a great question Culture and a hard one to answer. I've always felt taking historical characters out of their time period and holding them to modern standards is unfair. Washington is a great example of this. America's forefathers have been drug through the mud in the past few years. Similar issue occurs with having a Queen or King on the coin, some are offended with such imagery. Of course coins with the current King on them are all modern. Here in the US, we have not placed recently sitting Presidents on coinage. Not sure if a Nixon Quarter would be well received by the public, lol! I believe Washington, Franklin, Lincoln, Kennedy and others that either founded the country or made the ultimate sacrifice should be honored and remembered on our Nations currency- imperfections aside. However and to your point...one of the most popular releases by the US Mint in recent years is the Liberty metal (series). A Bronco and the rising sun- most Americans can get behind that image. Interesting topic my friend, hope my answer helps.
I love the response and echo it 100%. Very interesting to think on!@@SilverStruck
I got a crap ton by working at a bank. Some boomer woman wanted to turn it into cash and I obliged. I then bought it out of my drawer.
$30 per oz isn't so bad, Maples run me $33 at my LCS. I prefer bullion/low premiums because I'm in it to stack not to collect.
I hear from bankers now and then about similar situations. If you have stacked it for regular face value in the past, that's amazing! Silver bullion is the cheaper way to go right now for sure.
premiums are out of hand
Yes, the premiums are a bit much. In my area the premiums are off their highest point of about 25X FV and now I can stack around 17X or 18X. I get emails and comments about other area's that still have nose bleed pricing.
I saw two Franklin half’s for 28 bucks
Constitutional was the foundation of my stack when I first started purchasing silver. I am not finding anything under $22 face and I feel like I am getting more weight via rounds and bars.
It's very hard to add 90% silver now. You can buy a 10 ounce bar for around 27.00 an ounce while most 90% sells for 30.00+. If it wasn't for the scarcity factor I wouldn't be a buyer.
@@SilverStruck What do you think I’d the Best Buy currently? Bullion or numismatics?
@@EmeraldCoastStacker I
know you're not asking me, but most savvy collectors will tell you that numismatics appreciate more than bullion.
@@EmeraldCoastStacker That is an excellent question. I'll say this- if you need to sell...bullion is the easiest way to convert back to fiat. For numismatics you need to find a buyer (typically). For overall long term wealth and value- certain coins like MS66 Morgans have proven to have already out performed silver bullion. I hope this answer helps.
@@SilverStruck Yes it certainly does! I greatly appreciate you sharing your insights!
Another positive note about 90%: It's always easy to sell and you should get over spot, which can't always be said about bullion.
Yes, that's right! The market for selling 90% silver is very strong and I have heard stories of stackers selling at over spot regularly.
I store mine in guardhouse boxes, the rest goes in veterans Tupperware (ammo boxes). I don't buy at these premiums, luckily I started in the 60's.
I don't blame you for not buying 90% in today market! Especially hard to do if back in the day you just picked the silver out of your pocket change.
It's a shame that 90% has gotten so expensive. I love it. Ive been saving 90% since the 60s and still don't have enough.
At least you had some time to pick silver out of your pocket change and that is awesome! These days it's like looking for a needle in a haystack finding real silver in your change.
Hi Lisa D! I couldn't agree more! I wish I would have started stacking 90% silver sooner! I was too busy buying ASEs! 😎
I think that it's only rational and reasonable to think that 90% will go up in value as the year's go on. There's only a finite supply and they aren't minting anymore. Regardless of where spot price is, the value of 90% will rise in my opinion
Exactly Jimmy! Constitutional silver is only becoming more scarce.
if the woke virus is not stamped out, constitutional silver will get outlawed & hunted for termination by the culture cancer.
I just have a roll of Mercs, roll of Washingtons, one roll of walkers, roll of Franklins and roll of Kennedys. I want one roll of Rosie's and I will be mostly done unless I find sales. I'm saving for my first 1 ozt Gold Buffalo now. I have about 2 ozt in gold 1/10ths because it is hard for me to save up for a large one. I may trade a few in once I have a good amount saved.
You have plan and it's nice that you are focused on it! 2 ounces of gold is way more than most Americans have. Keep saving for that Buffalo!
This works great! Thanks for the tip
No problem, thank you for watching!
I use the same method to calculate. You can't go wrong with 90%
I like the quick math, so it's easy to figure out when your at the LCS trying make a decision. Thank you for watching Stormie!
I've been out of the loop lately, but i did buy some recently, not sure what happened but despite spot up $4 since i last looked, junk went from 20x to 18.5z
I never cared for it last year as it was only second most expensive silver, noticed the eagles came down too.
As of last week I was able to pick up SLQ's and Barbers for 18.5X FV and a few months ago I was charged 30X FV because those items are more of a premium vs the Washington's, etc. I heard of some stackers getting 17X as well. Pricing has dropped like a rock in a matter of months. The ASE's have come down big time as well- as you pointed out. I might stick with 90% because they make ASE's every year- I can always stack that later.
Other than the high-end Morgan's I haven't really been picking anything up. Don't get me wrong, I love constitutional and my Benji's but not at these prices. Nice pickups! When given the opportunity I look for the least wear.
I pick through the Constitutional silver at the LCS for less wear. It's hard because I really like Merc's but they are always so worn compared to the Rose's.
@@SilverStruck that's why I always went with Washington's, Rosie's and later Benji's. Benji my acception on account of his personality and never actually being a president.
Not that I don't have much respect for Kennedy. He called them out. We know who.
Turned my dying crypto into Constitutionals about 3 rolls of Mercs & 11 rolls of Washingtons.
😅Hard to turn $2300fiat into $120face
Not a bad move, imo! Don't think of it as FV but as silver content. For every 1.40 FV you have an ounce!
@@SilverStruck as an arcade junkie in my youth I ❤️ the Washingtons.
@@SuperGiantGeckosLLC Thats awesome! Well- lets hope you only fed the arcade games with clad Washington's 🤣🤣
Currently (7/6/2024) junk silver is 23x face or greater with spot silver at $31.16 (ask on Kitco), so has gone up this past year. However, who knows from here if there will be a significant dip again...
Sorry for the late reply, I was away for a week. I've noticed that we do not have a lot of 90% available locally. Years ago I remember seeing bins and bins of it.
After stacking a while I just can't bring myself to pay 20x face for 90% silver coins. I used to travel a good bit for my work so I found a fair amount at banks coin roll hunting.
If you have had kinda luck coin roll hunting, keep it up! For me, I have found a few silvers in the wild but not many.
over time the premiums go away. remember paying $7 then $15 for morgan silver dollars.
I can remember paying 15 for a Morgan but there where tons of them out there. When I go into a LCS- not many culls to be found around here.
Yes , yes it is 👍
Right on😊👍👍
Dude, you’re making want to pick up some more junk for my stash 🤔
I haven’t been buying 90% like I was but I have a picked up a few bucks face here in there.
Without Fish to push all of us to stack 90% more, it's been harder to be motivated! If we get a further drop in silver value, I'd like to add some Benji's.
@Silver Struck Benji's are my favorite.
I know I've mentioned to you that I've been on a bit of a subatical from TH-cam, but I'll be doing some upcoming updates on what I've been up to.
@@bullionaddict9164 Looking forward to checking out more from you good sir! I'll be around to watch your vids👍👍
I see your point, but I’d rather have a 100g bar. That said, there’s worse silver to buy than 90%
I love 100 gram bars, so I'm split between the two choices when I go to the LCS!
As a silver fan I try and stack a little of everything and my goal for the year is hundred dollars face value of 90% and a hundred ounce’s of silver rounds and bars and then I’ll start on some gold gram bars and 1/10 rounds and with any luck a oz 😂
That's a solid plan, I like it! I believe in having a diverse silver stack as well. I was shooting for 300 FV in 90% but those premiums make stacking difficult.
@@SilverStruck agree 100% I just buy what I can when I can but definitely agree on the premiums makes it tough for sure
Constitutional was good when it had no to little premiums.
Nowadays american stackers should avoid ASEs, 1/10 Gold Eagles and Constitutional and buy metals that come with a reasonable premium instead.
Only buy this stuff if you are a collector an don 't expect to ever be able to sell your coins for more than you paid.
You make a good point for sure. I view the current price of 90% silver the same way I look at the ASE- both have a premium that is too much. The difference is that the ASE is made every year while the Constitutional silver has not been struck in 59 years. So, that said, I do believe there is a lot of upside potential in 90% in the future and that is why I continue to stack it. Only time will tell what Constitutional will sell for down the road.
@@SilverStruck Well, as I life in europe I probably have a different perspective. Here I can find 1/10 gold eagles for 12% and random year ASEs for less than 30% over spot. Most non-numismatic european constitutional coins -that also haven't been minted for decades- sell for 10 to 30% over spot as not many people seem to be intereseted in them. But I agree with you that US-Constitutional-silver prices could go up, if more americans believe that these coins will be the best silver for bartering during the apocalypse. If demand rises, so will the price...
Honestly, this kind of silver just has it’s own charm to it. I would rather have silver coins like these than any other kind.
I've been planning to add more 90% to the stack. I think this silver will have big upside potential in the future 👍
@@SilverStruck Absolutely!
personally i did not buy an investment level of junk because i was concerned that if someone gained access to my stash I would lose confidence in whether the stack was compromised. & i would not have a machine to count & verify a large number of coins. Imagine trying to verify thousands of junk silver coins by hand & noting dates?
I see what your talking about. That is a concern I do not hear about from many other stackers. The coins can be easily authenticated at the LCS or with home tests such as the ping test. Having some 90% on hand will diversify your stack and give you the best option for fractional silver out there, imo.
If you paid $30.10/oz., I think you really overpaid - unless by miracle you got some coins that had some extra numismatic value.
A few weeks ago I was at one of NYC's premiere auction houses and asked about constitutional, i.e., "junk" silver.
They told me during that visit that they bought at 14x face and sold at 22x face.
The silver spot price on that day was about $0.60 higher than it is today as I am typing this.
I sold them a handful of common date quarters (in terrible condition) for 14x face, i.e., $3.50 each.
Having just watchd this video I decided to send them an email asking them what they are currently charging now that silver has dropped since that visit.
It's totally possible I paid too much. I will say my LCS was at 25XFV a few weeks ago, so when he dropped the price I decided to pick some up. I view the current price of 90% silver the same way I look at the ASE- both have a premium that is too much. The difference is that the ASE is made every year while the Constitutional silver has not been struck in 59 years. So, that said, I do believe there is a lot of upside potential in 90% in the future and that is why I continue to stack it. Good point on the buy back price! I will ask my LCS what he dose for buying X FV.
Love my 90%
I know that you love your 90%- you have a tremendous stack of it my friend!
Like # 40 Love me some constitutional silver and Ollie too 🐱
Awesome, thank you SH!
@@SilverStruck 🐱🐱
This is very cool 👍
Thank you for watching!
Also, if you compare the cost of constitutional silver to other fractional silver, you will find that the constitutional silver is cheaper.
Yes- as compared to fractional silver bullion, your right. I will say my LCS with me a fractional tube for regular bullion price but that's rare.
you are really organized...😊
I try and stay organized, thank you for noticing!