I haven’t had cash to buy any silver all year. Car Insurance is up big, health insurance is up 10% from last year, property tax jumped 15%, and food is crazy expensive. No raise in pay
Last time i got a raise 3 years ago my take home went up 300/month. Two weeks later i got my apartment lease renewal letter. Rent went up 350. So much for that "raise"
Retail Silver Demand is DEAD per my LCS, people massively selling physical Silver across the counter. #1 reason is people are flat out broke and need the cash bad!
Hard to see why. Silver is still floating around $30 a once. Why? Maybe retail demand is way down but industrial demand has not changed for why is silver still at $30?
"First we overlook evil, Then we permit evil. Then we legalize evil. Then we promote evil. Then we celebrate evil. Then we persecute those who still call it evil." Fr. Dwight Longenecker “In the Last Days, Good will be called Evil and Evil will be called Good.” Are We There YET ?
@@ChicoTheMan69 i get that you wanna be edgy because "religion bad" and whatnot, but clearly you're unfamiliar with what the world was like, prior to the great flood
I think 90% is the silver that is stacked by people in lower economic brackets. They are also the first to feal a financial downturn. So they are liquidating to supplement income.
michaelladd2107, Wrong. People stack 90% silver because no one is counterfeiting junk silver coins. There are so many fake silver rounds and bars out there now it's ridiculous. Junk silver is much safer to buy than silver bars and rounds.
Buying silver and gold is easy, but it is renowned for stability during economic hard times like this. The main problem is investing in stocks, dividends and even cryptocurrencies to grow your portfolio.... I’ve been trying to grow my portfolio of $190K for some time now, my major challenge is not knowing the best entry and exit strategies ... I would greatly appreciate any suggestions
Just try to diversify your portfolio to other market sectors, that way your portfolio is balanced and you don’t get to make so much losses. Also engage the services of a financial advisor to walk you through
Right, I delegate my day-to-day investing to an advisor ever since suffering a major steep-down late 2019, amid rona-outbreak, and as of today, I'm semi-retired with barely 25% short of my $1m retirement goal after subsequent investments.
once you hit a big milestone, the next comes easier.. would you mind dropping info of your invt-advisor please? i'm in dire need of proper asset allocation in order to achieve an optimal portfolio till year end, thanks in advance
My CFA Melissa Terri Swayne a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
I live in Orange county NY! And I'm hearing and seeing, even at my LCS,allot of people selling back their gold and silver because they are absolutely broke! Meanwhile, I live way below my means and can afford to stack constitutional silver coinage like a madman!🙏🏻👍🏻
I don’t really want to, but NEED TO be sort of political. People IN BLUE STATES where SALT taxes and every other imaginable tax kills people is correct. People NEED to find a way to bridge the gap between living and being completely out of luck
I got a 1964 quarter back in my change from a gas station yesterday. I think people bought silver last couple years and maybe their family doesn't understand coin values and they get spent.
Honestly, I'm a coin roll hunter and I can tell you first hand, there's far more silver left in circulation than people realize. I find it all the time.
A week ago I bought a bag of $50 face half dollars (mostly Kennedys) for $1,075 ($30.07 per ounce) and I thought I got a great deal. Get constitutional now while it's cheap, they ain't making any more!
Currently the best a dealer can get from a refinery is 96% of melt. That is after you pay shipping and refinery fees. The refineries are choking on silver. In spite of that they are making 1,000 oz bars for the exchanges as fast as possible to meet that demand. I am a straight up bullion dealer ( not a coin shop) for over twenty years now. Demand is not dead as we still have to book orders from our distributors but we are buying more across the counter than I have ever seen. Fortunately we have enough buyers to cover it.
Seems hand in hand. When main street sells Wall Street collects. Shame some good small vintage stuff will become 1000oz blobs and then return to the little guy one day as sunshine mint bars 😂🎉❤
@arronhopsburg8532 Since you have 20 years of experience, would you say that what you are seeing now is unusual or just the normal ebb and flow of this particular commodity market? Any insights as to where you think things are heading or any insights not covered by the mainstream business news channels? Thanks in advance! Cheers!
Blessed that I have a local pawn shop that does 3% loans on Precious Metals. I wish there were more dealers like that. The interest comes out to like 15% or so at the end of the 3 month period. They only loan about 1/3 of the value, but its all insured and stored securely. Wish there were more dealers that followed that model and charged reasonable interest on secured PM loans
1) People are in need of cash 2) It’s time to unload a little silver to help get to the next pay day or help with the sudden expense 3) 90% silver is potentially the most common silver and is held in greater quantities by stackers 4) 90% is easiest to move and relatively likely to still be around later if you want to buy it again (think of how much easier it would be to pick up Kennedy Half Dollars as opposed to some niche round) Just a few thoughts
In Reno too but hey, I would keep silver more than gold , for when this stock market crashes as predicted z it's going to skyrocket in price to 100 per ounce
Sold a little like 60 ounces when it peaked at $34ish . I think I got $31 a ounce and $32.50 when it was $34 a ounce. Man did I feel bad I sold, but I needed the money. But now I don’t feel so bad, cause it’s around $30 a ounce . I still have enough in the safe, just had to sell some to make ends meet
@@TonyK-s2g sadly that's the world we are in. I've had to contemplate it but luckily haven't had to. Hopefully things get better this year, God willing
I love my 90%…especially the 200+ Morgan’s I’ve accumulated the past 5 years. When I find good deals on any types of 90% I scoop them up. They’ll never be made again and knowing that fact will keep me stacking any and all pre64 constitutional silver. The legacy I’m leaving my kids will be appreciated by them when and if they ever need it.
Just make sure they KNOW what it's worth! I picked up $600K worth of precious metals out of an estate sale for $2000. Did have to pull a bunch of counterfeit out of it, but the majority was good! They sold 100oz silver bars at $20 a pop, and the coins at a buck a tube! I made the $2K offer for it all and they took it! DO NOT LET YOUR KIDS DO THAT TO YOU!!!
"The legacy I’m leaving my kids will be appreciated by them when and if they ever need it." That would be good. In our family I can count on my daughter to sell it all and grab the cash. 😕 But my son understands this and would be likely to hold it. This is why he's nearing 50 years of age and is close to becoming a millionaire. The financial force strong with this one is. Wife is pretty much ambivalent on PMs. She thinks I'm a little nutty about metals but doesn't say too much about it, since we have a his, hers, and our money system. I spend my money on what I like, she does the same, and the house is funded by both of us, so we discuss expenses and timing of payments there.
My grandparents saved 90%. There was enough to divide between 5 kids when they passed. Now, my brother and I have what is left of my father’s share. I’m not planning on selling any of mine. I will leave it to my kids and hope they never need to sell. So, anyway, that is at least 4 generations of security. My father did sell some to buy his younger new wife a diamond she demanded. Go figure.
@@edb3877then don't leave it to your daughter. Leave her your car or something Also if that his,hers,ours system works for you then you are the exception. Most self made millionaires share all finances.
Here’s my feelings on 90% Silver. Many people hoard silver as a cheap way to accumulate precious metals. Precious metals are a type of tangible asset that can hold their value in case of an economic catastrophe that renders fiat assets worthless. Silver and gold can transact as payment for needed items when non-tangible items (US or world currencies, paper-backed assets, crypto currencies, etc…) are deemed worthless. When fiat currencies fail, precious metals may still be accepted for gas, groceries and other payments for needed items. Gold, Silver Bars, and Rounds are hard to divide for small transactions. 90% silver (dimes, quarters, halves and dollars, etc…), are already in fractional amounts that are best suited for use in these conditions. For those hoarding gold and silver, etc. to buy and sell as means of making money, they are probably not dabbling in 90% silver. Those that hoard gold and silver for an TEOTWAWKI scenario need metals in known, acceptable amounts. No one knows how much 90% silver has already been melted. I have read reports that it may be more than most are thinking. Is the current liquidation just a churning of the 90% still out there? I would be selling my rounds, bars and collectible silver before my 90%. In summation: precious metal traders are exchanging metals on a frequent basis to make money. Those that accumulate metals in case of an economic meltdown should be accumulating metals in small, known values.
I agree with your view on this and about 1/3 of my silver stack is in US 90% silver. The rest is in Maples, ASEs, and a few 5-oz. bars that I consider as trading material. Would like to lighten the silver load a bit during the next silver squeeze. I will keep ALL of my US 90$ silver and sell in the following order: 1) bars; 2) Maples; and 3) some ASEs.
That's why I bought mine in 2014. I would have bought more when the 2020 election was stolen, but I already had enough. IMOp it would be the perfect money for everyday items, if the dollar does collapse. Enough people know that a 90% silver coin is worth 15? times the face value today.
yeah saw this coming awhile ago with the high premiums, people are going to sell investments to keep basic utilities and household function until things are 'back to normal'.,..if that ever happens
The best metal available today is US nickels. There is zero buyer's premium. The scrap value is down to a nickel being worth about 5 cents, but it went above 7 during the recent nickel spike. They will always be worth at least 5 cents so you cant lose. As copper & nickel go higher, their value will go higher, & you arent paying a premium to purchase. People thought silver coins could not be worth more than face value because it was illegal to scrap them. That changed fast. The US nickel will keep pace with real inflation. It might get hard to get them from banks in large value, but my bank lets me get a few rolls each time. Copper is the metal of the future, & nickels are mostly copper.
Basically the people who are new to stacking silver don't realize like people who have been doing it for a few years the silver is going to go up and down periodically all the time. That's why they tend to jump ship and sell at the first sign of financial trouble
May have been smart enough to stack silver but folks are still going broke & panicking. The "Great Reset" is turning things upside down, folks are being wiped out.
I've had to do it. When you're poor, any financial hiccup is a life and death situation. There is no "pulling yourself up by your bootstraps". There is only good runs that give false hope.
90% of Americans wouldn't prepare if they had the chance. People are idiots when it comes to finances. Take one look at the vast majority of car loans right now, 700$, 800$ plus a month payments are perfectly normal for these idiots.
I built most of my humble stack during July-August 2023, and while the premiums were high, the prices are still basically the same, maybe slightly higher now.
I love your shows and auctions. I went through 4 oz of my silver this Christmas. I made a Navajo pearl necklace for my daughter for Christmas. 4.25 oz of 900 and 925 silver.
Loved the interview with the LCS owner. Nice job showing the flashback to May, 2023. That was an effective way to show how much it has all changed, mostly the premiums. Great video Seeker!
But it's a false narative and isn't true on many accounts. The price of silver in May 2023 was roughly $23 bucks. OF COURSE as prices rise premiums take a hit. It's pretty simple. Humans don't like change and as far as money goes you want it for the low price you seen 'yesterday'. Oh what's that? You don't like the price has risen and you don't want to pay a higher premium? Well, that's just how it is! After people adjust to the 'new' prices things level out. When you're dealing with Silver/Gold buyers many times you're dealing with older people who "remember when" it and don't want to give ANY real premiums so you're at a disadvantage from the start with these types. But there are PLENTY of people buying silver. They may want it for less a premium than before but when it was $23 and now its $30 that means more money out hence the "I want it but don't feel good about paying such a large premium". All this really means is when selling your silver the company may pay a bit less so they can charge less on premiums. Doesn't mean for one minute people are not buying. We have a line of people wanting 90% and I can barely keep in any volume. I've got two people ready to buy $1000 each in 90% and that was just this week. Yeah, story doesn't play out at all.
The thing of it is that when the "everything bubble" pops PMs will go down too, initially. I've stacked for 15 years but even I'm tempted to sell my physical because I'm up 50% on my average buy price and then buy back in after the price drops back down along with stocks and other commodities drop.
I sold all my silver at $32/$33. Got spot for it all. I was super happy because it's been basically going downhill since. I bought most of it at $18-20.
I never go out of my way to buy junk silver but if I find constitutional silver I'm pretty happy my wife found about $26 worth of dimes may be a bit less with current market price
Waiting for below $27 or less is very foolish, in my opinion. One little black swan, and the price could bounce hard. I have zero issues with paying $30 an ounce. Because I strongly believe we're going much higher in the next year to year and a half. The best time to buy silver or gold is when it's unloved. Being greedy for lower prices? You just might be burned lol Excellent buys on 90%
Chart analysis shows with great probability that silver is heading down to the next key resistance of 27.50. If it breaks that resistance then not sure yet how low it could go. Likely 25 is in the cards. Silver is no longer a monetary metal it seems. Gold and Bitcoin are now stores of wealth and not silver.
I bought a lot of junk silver 15 years ago. I always figured that if you actually had to use it to buy things that people can wrap their heads around a silver coin versus a silver ingot. 😮
I think my LCS guy ran out of cash, because so many people are selling and very little buying. I'm still buying 1970's silver art bars, and I'm not stopping anytime soon! It's my addiction!
People need to relax. They are evaluating silver based on a specific point in time. It’s like judging the stock market based on short periods of time. Fact is it has been proven over time that silver has always proven to be a great wealth preservation tool. Sure premiums on “junk” silver have dropped but still keep up with cost of goods. Even at $18 face a 90% quarter still buys a gallon of gas where I live. It has been very rare in my lifetime where that is not the case. If you buy all your silver when premiums are high and are forced to sell when they are low then you run into problems. If you buy silver constantly over time at different points in the market you cost average your silver thus minimizing your risks if forced to sell. Again silver is a long term strategy to preserve wealth not an investment or even inflation hedge in the short term.
@@stevierayripple true. Doomsayers like OP have some bizarre narative they are pushing and who knows the motivation ( I mean, past just pushing out Videos to get seen and create arguments).
Thanks for the solid program content. It makes sense that many Americans are hurting due to job losses and inflation. This is when many must dip into their stack. That is a hard reality for the stackers and the many LCSs. Meanwhile the silver Gold Ratio is 89-1. That is such a strong buy signal. Looking worldwide, the fundamentals have not changed. Any silver bought at 85-1 -90-1proves a good buy over time, especially with low low premiums. And with worldwide current fundamentals of demand leading to a physical short, there has never been a better time to buy imo.
The time to buy is when other people are selling. But yes the last year or two has been so severe for everyone that it isn't WANTING to sell silver, its the "do I pay my bills so I can keep car insurance, and food on the table" that is making people sell their silver.
I've seen it said in other comments and I think they're exactly right; inflation has caught up with people. It's true that inflation isn't running as hot as it was a couple of years back but the reality is that wages in general have not kept up so there was a huge gap as inflation was running hot. Since then inflation has stabilized but wages simply haven't bridged that gap. It's tough for most ordinary folks. I know I can see it and I'd bet most anyone else can too Thanks Seeker and Keith!
Very informative video brother. New sub you. The phone call with Keith was great . I guess I missed the sale🤔🤔😲. Thanks for sharing your knowledge with us. 😎😎⛏⛏🔥🔥
Love your channel. I've been a lurker for a long time so I decided to get an account with YT. I'm also lousy at math and enjoy how you figure the prices and premiums of the items you sell and keep track of. The turnover rate of coins and bullion keeps the coin dealers' business alive but, as yet, people like me never really sell their coins unless there's an advantage in paying with PMs for something. I bought my favorite deer rifle for an ounce of gold back when gold was in the 600s but, overall, I'm a stacker. This has always made me wonder about the financial philosophy of those that buy and sell it to try and make a few buck$ on the side. If you aren't in a financial bind the idea of selling for a small percentage gain just seems short-sighted to me. "Constitutional silver" has always had the highest premiums of the bullion variety coinage and the premiums have followed the demand as I see it. I'm not sure when the drop off in demand actually hit but I think a large portion of it occurred after the election. The fear of Kamala being seated in the White House drove a lot of the fear trade for pre-65 silver coins and this can be seen often in another silver stacker's channel that interviews customers. When this fear went away a lot of the demand for it went with it. This, of course, doesn't change the facts of the financial world that face us, still, as explained by various people such as Martin Armstrong, Alasdair MacLeod or whatever your favorite pundit out there may be. Should we get to the point of using coin silver for local payments or the banks begin issuing credit based on your silver you deposit with them you're going to need to be in possession of a lot of it. This is what keeps my backhoe on the ranch in tip top running condition.😉
My friend runs a coin handling business for laundromats, car washes, and novelty machine businesses. He sorts out all the 90%. He has a room with BAGS of 90% quarters! Stacked from floor to ceiling! He keeps all of it and turns in the laminate to the bank. There is tons upon tons of 90 available! The trick is to play the suckers to hysterically buy!
@@ronfox5519 You are correct! He typically finds a few coins a month! I have to contact him to see if he is still sorting. Last time I saw him was in 2010.
Just noticed, no one is talking about Morgan or Peace silver dollars...Yes, I know they are 90% silver but, they trade at different premiums than rather 90% 50C, 25C, OR 10C.......I usually see morgans or peace dollars like cull, slicks, damaged, or holed in with the 90% which is a good buy......One thing about the M or P dollars, they can be priced in 3-5 diff. grade categories, especially when you have lower grade circs, vg-vf, xf, & au's.....Just something to ponder on???
Thanks for the info. I have been filling a RCM canvas bag with 80% quarters in Canada for the last year. At one point SilverGoldBull took the majority of the 80% off there site as well as my local bullion dealers. I have been buying at just below spot plus tax at the LCS and just below spot on personal deals from facebook market place and kijiji (no tax on personal deals). Looks like SGB has a few 80% bags ATM just above spot plus tax. Just figured I would share the Canadian market ;) Happy Stackin eh!
@@jamessibley6651 I believe some states do I could be wrong but as a Canadian if I buy bullion in the states most often as it hits the border I get taxed ;) even on the pure bullion that I shouldn't be taxed on. It causes the premiums to effectively skyrocket and has stopped me from shopping US sites for the most part. Happy Stackin eh!
@@canadiansilverseeker I've wanted to start buying scrape sterling from people and making custom poured bars, that maybe a good way to go in your situation
@@jamessibley6651 Not a horrible thing to do but may I caution once melted into custom bars it is harder for buyers to verify its purity & thus harder to sell in the end. ;) Happy Stackin eh!
Been buying as much silver as I can.... When people are selling I am buying my coin shop here in Sacramento says they have sold out of their silver rounds due to several of their clients buying hoards of silver
I bought $84 Face of slick Barbers, a few standing liberty's and Washington quarters at $23 today. Under $2K. I wasn't very happy with the finds, but I rarely like the junk. I think silver will have a good 2025. Happy New Year.
Interesting to me since that is the month I started stacking. Started with gold because silver premiums were much higher. Started buying silver for adding physical weight to my safe. Then I quit buying gold and stuck with silver, rounds and 5oz-10 oz bars. Now I'm finally ready to buy 90% and it's cheap!
Yea, thats in Detroit too. I think Michigan and Oregon are the only two states that pay 10 cents rather than 5 cents for recycled items, which means their economies are different than most other states. Silver to me is like having beach front property in a safe. why would you get rid of that, it's generational stuff.
I can afford to buy 1/4 oz gold coins when I find the them on super sale but I’m 1000 oz deep in silver and 10 oz in gold at this present time. What would you buy a few 10 ounce silver bars or a quarter ounce gold coin?
I would say it's time to buy! It will come back and cost quite a bit above spot sooner or later. If you don't care about 90%, you are missing a critical part of your stack IMHO!
My junk silver was purchased long ago. It is stored in air-tight containers. Long ago; in an age long past; when unicorns still roamed the planet; I put my junk silver on a scale and weighed it. I wrote down the weight and printed a label and fixed it on the old drywall buckets. The same kind of drywall buckets that hold the lead tire weights that I can melt down into bullets. If the day ever arrives that my lead tire weights are valuable; my speculation is that the junk silver will be valuable, too.
Been saying since before the election, it all depends on who wins. If one wins, prices rise dramatically. If the other wins, prices fall dramatically. If confidence returns to the markets, the metals will drop. Since 11/6 I've been saying silver will hit $25 by summer. Other commenters have had a field day with that, but I'm sticking to it.
Its not like PM investors are all specifically bailing on 90%, you have a lot of older people unloading their collections to raise some cash due to the economy (which ive been seeing first hand). Another phenomenon is you'll have older people roll all of their coins and bring them to the bank to raise spending money and then coin roll hunters snag the silver that was unknowingly turned in and then they go sell it. I saw this happen with increased frequency during the 08' recession.
I would say that this last "up" cycle in silver, more people got involved than ever before. The onset of dramatic inflation initiated by the COVID stimulus payments got everyone going on unending price rises. And the ramp in gold price was surely pretty dramatic over that time frame. And your LCS pal said it correctly. FOMO. FOMO is driven primarily by newbies. They see a price ramp and think it will go on forever. Most of us know better. Two or three years is NOT a long time to hold silver.....for better or for worse. It is generally not possible to buy silver or even gold and sell it mere weeks later and make any money on it. I had to sell a lot of silver last year and the year before, and I'm embarrassed to say I sold much of it around $18. I was in a financial emergency. So yeah, it was nice to have it to sell, but it feels like crap knowing I sold it a solid $10 cheaper than it is today.
IMO, it takes strong character to publicly admit to one's mistakes, so well done with that. Hope you get the chance to buy back in at even lower prices.
Its always sold out in my area i always trying to buy at least a couple dimes every payday or a couple quarters if i can afford it but its been sold out and keeps selling out so i wouldn't say demand is dead
90% constitutional! The original generational wealth stackers! A lot of people are now inheriting those these days. I will definitely take advantage of the deals while they last!
Bingo. Those who inherited do not value it and need the cash today. Also the druggies stealing it from family junk drawers and cashing out immediately. No one should be buying unless they are sure they have the financial means to hold it for year or more even if their job goes away. Metals are not a place to be with money you might need soon. It is insurance for a crash that ends up with barter. The SHTF days. Sounds like you are thinking correctly about it.
90% constitutional silver was the original silver that people hoarded before bullion became popular. So there's some old dusty stacks available for sale.
I may check out what my LCS is charging for fractional gold vs. full troy oz. The premiums on fractional gold were higher than full tr.oz. I wonder if that's changed.
Hi. I could not find a link, so I searched the Michigan store. I don’t see 90% dimes for sale, apart from individual encased ones. It sounded as if he had a lot.
@ Absolutely. No need for ageism. Way too much in the way of negative conveyances over sweeping groups of people lately. It’s a little town of 34K people, yet it’s still the county seat! At any rate. I wish the store well. There are niches, and it seems this store focuses on collector stuff. Michigan is full of small towns with a sense of community.
Folks ain't broke if they got a healthy stack of silver. Most folks stack for all the wrong reasons. There all excited at first but the minute they here anything negative they rush to sell. If you can't control yourself and aint in it for the long long haul then imho silver amd gold ain't for you.
During the last few years in west central Florida 90% hasn't changed much. Buying at 22-24x face, if you're selling 18-19x face. People are buying 90% more than .999%. Weird how spot price went to 35 and back down to 29 but 90% prices didn't change during the fluctuation.
@edb3877 the reason it is going to drop is because anything that flies Skyward at an unreasonable Pace always comes down always comes back down to reality that's just the way it is. Real estate is starting to come down because it was crazy high for the last 2 years. Medals are coming down for the same reason my personal prediction is in the next six or seven months gold will be down to as low as $2,000 an ounce and silver will probably be $20. I'm not selling my stuff I'm just waiting for it to get down that low before I buy more....
Best thing to do in this case: promote coin collecting. It is a hobby for the young and old - and so many have never heard about numismatics or even basic coin history and collecting. I know Littleton and others have been promoting coin collecting for decades, but it needs to be more widespread. And beginners usually start with Lincoln cents and the simple Roosevelt dime and Washington quarter silver collections.
Keith is a nice fellow and has the best business model featuring regular customers in his shop that folks can relate to on his podcasts. Floyd Fridays and Bearded Bob are regular customers that he has made into cant miss characters!
I had to sell under hardship during the pandemic. Keith paid me so much better than the grand rapids shops that I was actually able to cover the losses I took selling to the other guys. I'll always remember that.
MY LCS Oviedo Rare Coins and Collectibles in Orlando just closed it's doors ,due to not being offered a new lease from The Oviedo Mall. They had the best deals on 90% I've seen anywhere... 20 times face.... Great people.? I'm so sad they just closed their doors Sunday...😢😢😢
Back on Christmas Eve I was able to buy $20 face value in dimes under spot before tax and shipping was added on on top. If I can claim the tax back I am doing well. I should be in theory seeing as how junk silver is second hand not new.
I haven’t had cash to buy any silver all year. Car Insurance is up big, health insurance is up 10% from last year, property tax jumped 15%, and food is crazy expensive. No raise in pay
I hear ya brother!
Are you saying Bidenomics isn't working?
@ZONEPRESSLLC It's working for somebody, but it ain't me🥵
Last time i got a raise 3 years ago my take home went up 300/month. Two weeks later i got my apartment lease renewal letter. Rent went up 350. So much for that "raise"
@@PumpkinKingXXIII this. All of this.
Retail Silver Demand is DEAD per my LCS, people massively selling physical Silver across the counter. #1 reason is people are flat out broke and need the cash bad!
I remember, selling a tube of American Eagles back in the early 2000s. Only got paid around $150. I wanted the cash back then.
Hard to see why. Silver is still floating around $30 a once. Why? Maybe retail demand is way down but industrial demand has not changed for why is silver still at $30?
Same thing in my area
good for stackers looking to add i guess
And, they wanna sell it while it's still worth more, before it comes down in price - which it will.
"First we overlook evil, Then we permit evil. Then we legalize evil. Then we promote evil. Then we celebrate evil. Then we persecute those who still call it evil." Fr. Dwight Longenecker
“In the Last Days, Good will be called Evil and Evil will be called Good.” Are We There YET ?
@@ScarlettFire341 Gawd so loved the earth that he flooded it killing everyone, Hmm......Sounds like something Satan would do. I'm confused. LOL
@@ChicoTheMan69 i get that you wanna be edgy because "religion bad" and whatnot, but clearly you're unfamiliar with what the world was like, prior to the great flood
@@ScarlettFire341 blah blah blah make more money
We're here 💯
Its Christmas. People were buying gifts. Happens every year. Buy and hold
I think 90% is the silver that is stacked by people in lower economic brackets. They are also the first to feal a financial downturn. So they are liquidating to supplement income.
Not necessarily.. 90% is coin of the realm and can’t be counterfeited.
michaelladd2107, Wrong. People stack 90% silver because no one is counterfeiting junk silver coins. There are so many fake silver rounds and bars out there now it's ridiculous. Junk silver is much safer to buy than silver bars and rounds.
I thought the 90% silver was interesting for preppers. Imagine a monetary and social collapse, then you could use those coins for trading.
Nonsense. People buy these coins in buckets at $25K a pop.
@@NoidoDev That's a fantasy. No body is going to trade you junk coins for the stuff that matters.
Buying silver and gold is easy, but it is renowned for stability during economic hard times like this. The main problem is investing in stocks, dividends and even cryptocurrencies to grow your portfolio.... I’ve been trying to grow my portfolio of $190K for some time now, my major challenge is not knowing the best entry and exit strategies ... I would greatly appreciate any suggestions
Just try to diversify your portfolio to other market sectors, that way your portfolio is balanced and you don’t get to make so much losses. Also engage the services of a financial advisor to walk you through
Right, I delegate my day-to-day investing to an advisor ever since suffering a major steep-down late 2019, amid rona-outbreak, and as of today, I'm semi-retired with barely 25% short of my $1m retirement goal after subsequent investments.
once you hit a big milestone, the next comes easier.. would you mind dropping info of your invt-advisor please? i'm in dire need of proper asset allocation in order to achieve an optimal portfolio till year end, thanks in advance
My CFA Melissa Terri Swayne a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Just ran an online search on her name and came across her website; pretty well educated. thank you for sharing.
I live in Orange county NY! And I'm hearing and seeing, even at my LCS,allot of people selling back their gold and silver because they are absolutely broke! Meanwhile, I live way below my means and can afford to stack constitutional silver coinage like a madman!🙏🏻👍🏻
Ur not far from me I’m in Vermont
I don’t really want to, but NEED TO be sort of political. People IN BLUE STATES where SALT taxes and every other imaginable tax kills people is correct. People NEED to find a way to bridge the gap between living and being completely out of luck
My son and I are from Highland Falls originally before moving to Myrtle Beach and starting our coin shop! We miss the Hudson Valley!!
@@nothingspecific.8119 where I Orange County can I get physical silver and gold?
It's the historical value that is attractive. IMO
I got a 1964 quarter back in my change from a gas station yesterday. I think people bought silver last couple years and maybe their family doesn't understand coin values and they get spent.
Kids get into "daddy's money".
Honestly, I'm a coin roll hunter and I can tell you first hand, there's far more silver left in circulation than people realize. I find it all the time.
@@wolfonthehill5134 got a couple back at a drive thru
@@craigamore2319 Don't tell everyone. Let them think what they want
I see it a lot less these days. I can hear it when it hits my hand though. It really makes my day!
I went to my LSC today and they are not seeing people dumping their 90 %. I was seeing them not having a lot of 90%. Went ahead and got some
Yes, it's all bought up at my Lcs.
A week ago I bought a bag of $50 face half dollars (mostly Kennedys) for $1,075 ($30.07 per ounce) and I thought I got a great deal. Get constitutional now while it's cheap, they ain't making any more!
That's not cheap that's still too much.
It's gonna be cheaper next week than this week!
@@BridgesDontFly great, then I'll buy more!
@@BridgesDontFly you're speculating
@@ChesapeakeBayBrian399all we can do is speculate.
Currently the best a dealer can get from a refinery is 96% of melt. That is after you pay shipping and refinery fees. The refineries are choking on silver. In spite of that they are making 1,000 oz bars for the exchanges as fast as possible to meet that demand. I am a straight up bullion dealer ( not a coin shop) for over twenty years now. Demand is not dead as we still have to book orders from our distributors but we are buying more across the counter than I have ever seen. Fortunately we have enough buyers to cover it.
Seems hand in hand. When main street sells Wall Street collects. Shame some good small vintage stuff will become 1000oz blobs and then return to the little guy one day as sunshine mint bars 😂🎉❤
Strange how demand is high in investing , but physical demand at retail level is dead. Somebody is seeing the future and some are not.
@ and then when investing dies they finally run to the physical 😂
@arronhopsburg8532 Since you have 20 years of experience, would you say that what you are seeing now is unusual or just the normal ebb and flow of this particular commodity market? Any insights as to where you think things are heading or any insights not covered by the mainstream business news channels? Thanks in advance! Cheers!
Blessed that I have a local pawn shop that does 3% loans on Precious Metals. I wish there were more dealers like that. The interest comes out to like 15% or so at the end of the 3 month period. They only loan about 1/3 of the value, but its all insured and stored securely. Wish there were more dealers that followed that model and charged reasonable interest on secured PM loans
1) People are in need of cash 2) It’s time to unload a little silver to help get to the next pay day or help with the sudden expense 3) 90% silver is potentially the most common silver and is held in greater quantities by stackers 4) 90% is easiest to move and relatively likely to still be around later if you want to buy it again (think of how much easier it would be to pick up Kennedy Half Dollars as opposed to some niche round)
Just a few thoughts
90% was only attractive when it was easy to get for spot. Now that it's back in that range I would consider buying some more.
I’m in Reno and paid $21.94 Per $1 FV today. I love 90%. Have a goal of $1000 FV and will stay the course.
That’s my goal too. Close to 20% of the way there.
Pretty spendy at these prices
Good Luck with that.
In Reno too but hey, I would keep silver more than gold , for when this stock market crashes as predicted z it's going to skyrocket in price to 100 per ounce
Yep, just hold on to it for another 20-30 years, maybe things will come back. Good on you!
Sold a little like 60 ounces when it peaked at $34ish . I think I got $31 a ounce and $32.50 when it was $34 a ounce. Man did I feel bad I sold, but I needed the money. But now I don’t feel so bad, cause it’s around $30 a ounce . I still have enough in the safe, just had to sell some to make ends meet
@@TonyK-s2g sadly that's the world we are in. I've had to contemplate it but luckily haven't had to. Hopefully things get better this year, God willing
@@TonyK-s2g you just had to borrow from your own bank. Now you can pay yourself back and restack what you had to use
I love my 90%…especially the 200+ Morgan’s I’ve accumulated the past 5 years. When I find good deals on any types of 90% I scoop them up. They’ll never be made again and knowing that fact will keep me stacking any and all pre64 constitutional silver. The legacy I’m leaving my kids will be appreciated by them when and if they ever need it.
Just make sure they KNOW what it's worth! I picked up $600K worth of precious metals out of an estate sale for $2000. Did have to pull a bunch of counterfeit out of it, but the majority was good! They sold 100oz silver bars at $20 a pop, and the coins at a buck a tube! I made the $2K offer for it all and they took it! DO NOT LET YOUR KIDS DO THAT TO YOU!!!
"The legacy I’m leaving my kids will be appreciated by them when and if they ever need it."
That would be good. In our family I can count on my daughter to sell it all and grab the cash. 😕 But my son understands this and would be likely to hold it.
This is why he's nearing 50 years of age and is close to becoming a millionaire. The financial force strong with this one is.
Wife is pretty much ambivalent on PMs. She thinks I'm a little nutty about metals but doesn't say too much about it, since we have a his, hers, and our money
system. I spend my money on what I like, she does the same, and the house is funded by both of us, so we discuss expenses and timing of payments there.
My grandparents saved 90%. There was enough to divide between 5 kids when they passed. Now, my brother and I have what is left of my father’s share. I’m not planning on selling any of mine. I will leave it to my kids and hope they never need to sell. So, anyway, that is at least 4 generations of security. My father did sell some to buy his younger new wife a diamond she demanded. Go figure.
@@stevenkwarciany7776 well said
@@edb3877then don't leave it to your daughter. Leave her your car or something
Also if that his,hers,ours system works for you then you are the exception. Most self made millionaires share all finances.
Most people are bailing out bill time and the extra cash has dried up hype is done for now
Love you collaborating with coins crew.. I love when I get to see you guys at coins shows
Here’s my feelings on 90% Silver.
Many people hoard silver as a cheap way to accumulate precious metals. Precious metals are a type of tangible asset that can hold their value in case of an economic catastrophe that renders fiat assets worthless.
Silver and gold can transact as payment for needed items when non-tangible items (US or world currencies, paper-backed assets, crypto currencies, etc…) are deemed worthless.
When fiat currencies fail, precious metals may still be accepted for gas, groceries and other payments for needed items. Gold, Silver Bars, and Rounds are hard to divide for small transactions. 90% silver (dimes, quarters, halves and dollars, etc…), are already in fractional amounts that are best suited for use in these conditions.
For those hoarding gold and silver, etc. to buy and sell as means of making money, they are probably not dabbling in 90% silver. Those that hoard gold and silver for an TEOTWAWKI scenario need metals in known, acceptable amounts. No one knows how much 90% silver has already been melted. I have read reports that it may be more than most are thinking. Is the current liquidation just a churning of the 90% still out there? I would be selling my rounds, bars and collectible silver before my 90%.
In summation: precious metal traders are exchanging metals on a frequent basis to make money. Those that accumulate metals in case of an economic meltdown should be accumulating metals in small, known values.
I agree with your view on this and about 1/3 of my silver stack is in US 90% silver. The rest is in Maples, ASEs, and a few 5-oz. bars that I consider as trading material. Would
like to lighten the silver load a bit during the next silver squeeze. I will keep ALL of my US 90$ silver and sell in the following order: 1) bars; 2) Maples; and 3) some ASEs.
What a very well thought out explanation! Really appreciate your detailed and well thought out perspective. Best of the holidays to you.
Agree
The people chasing copper are doing it for the same reason. Copper will never make anybody rich.
I agree with you.
It's the election and prepper mindset. The preppers aren't as worried about the Armageddon. That's a large part of the 90% "barter" market.
^^^ this.
Yep, Trump won, so a lot of fears eased, whether thats right or wrong only time will tell.
That's why I bought mine in 2014. I would have bought more when the 2020 election was stolen, but I already had enough.
IMOp it would be the perfect money for everyday items, if the dollar does collapse. Enough people know that a 90% silver coin is worth 15? times the face value today.
inflation is still happening. insurance, utilities, groceries are all still going up 10-15% every 6 months. hard to keep buying metals
what do you think inflation is right now?
Being normalized to silver makes it much easier to talk about this way. I do not know one person actually selling 90% this cheap.
Exactly
Inflation lot more than Biden claims
I was around in May 2023... What are you talking about?! I've never paid more than $2 over spot for 90%, let alone $14.
$2.00 over spot. So you know a guy that knows a guy. Meet me in the ally out back and we'll make a deal.
I had the same experience however I don't know where he is located so it could have been different
@TheMCGamer2012 Agreed, Would Love an explanation to this.... 🤔
At my silver dealer yesterday, junk was 25 times face value in small town East Texas
The extreme short positions on silver futures, is absolutely crazy, and this dip is by no means over I’m afraid. Great video. Happy New Year
yeah saw this coming awhile ago with the high premiums, people are going to sell investments to keep basic utilities and household function until things are 'back to normal'.,..if that ever happens
The best metal available today is US nickels. There is zero buyer's premium. The scrap value is down to a nickel being worth about 5 cents, but it went above 7 during the recent nickel spike. They will always be worth at least 5 cents so you cant lose. As copper & nickel go higher, their value will go higher, & you arent paying a premium to purchase. People thought silver coins could not be worth more than face value because it was illegal to scrap them. That changed fast. The US nickel will keep pace with real inflation. It might get hard to get them from banks in large value, but my bank lets me get a few rolls each time. Copper is the metal of the future, & nickels are mostly copper.
People always sell when the price drops I never understood why just buy and hold it for 15 years
people dont inherently wait for prices to drop to sell lol...real life happens and metals just so happens to drop.
I’m guessing that people sell because they need the money now and can’t wait for price to go up.
I believe people get scared that it may drop even further down ,so they sell it all.
It's Christmas people aren't buying silver and need extra cash supply and demand
we may not b around that long ww3 all over and biden is out were ok now that don is in
Basically the people who are new to stacking silver don't realize like people who have been doing it for a few years the silver is going to go up and down periodically all the time.
That's why they tend to jump ship and sell at the first sign of financial trouble
no they are smart selling it off at $30 an ounce before it goes back to $15
If you are smart enough to buy precious metals, why would you sell now?
May have been smart enough to stack silver but folks are still going broke & panicking. The "Great Reset" is turning things upside down, folks are being wiped out.
People over-leverage themselves and need cash. It happens in every market.
People expected a get rich quick... No patience or planning, just look how people drive...
I've had to do it. When you're poor, any financial hiccup is a life and death situation. There is no "pulling yourself up by your bootstraps". There is only good runs that give false hope.
@dane3038 That is why I do not buy more.
People really broke! Sad we are in true trouble! Scary times! If the government only told the truth people might have had a chance to prepare!
The government tell the truth? Seriously?
Ha. Ministry of Truth from 1984
If only people were able to seek the truth. 😮
Then they wouldn’t be a government 😂🎉
90% of Americans wouldn't prepare if they had the chance. People are idiots when it comes to finances. Take one look at the vast majority of car loans right now, 700$, 800$ plus a month payments are perfectly normal for these idiots.
I built most of my humble stack during July-August 2023, and while the premiums were high, the prices are still basically the same, maybe slightly higher now.
I love your shows and auctions. I went through 4 oz of my silver this Christmas. I made a Navajo pearl necklace for my daughter for Christmas. 4.25 oz of 900 and 925 silver.
Loved the interview with the LCS owner. Nice job showing the flashback to May, 2023. That was an effective way to show how much it has all changed, mostly the premiums. Great video Seeker!
But it's a false narative and isn't true on many accounts. The price of silver in May 2023 was roughly $23 bucks. OF COURSE as prices rise premiums take a hit. It's pretty simple. Humans don't like change and as far as money goes you want it for the low price you seen 'yesterday'. Oh what's that? You don't like the price has risen and you don't want to pay a higher premium? Well, that's just how it is! After people adjust to the 'new' prices things level out. When you're dealing with Silver/Gold buyers many times you're dealing with older people who "remember when" it and don't want to give ANY real premiums so you're at a disadvantage from the start with these types. But there are PLENTY of people buying silver. They may want it for less a premium than before but when it was $23 and now its $30 that means more money out hence the "I want it but don't feel good about paying such a large premium".
All this really means is when selling your silver the company may pay a bit less so they can charge less on premiums. Doesn't mean for one minute people are not buying. We have a line of people wanting 90% and I can barely keep in any volume. I've got two people ready to buy $1000 each in 90% and that was just this week. Yeah, story doesn't play out at all.
The thing of it is that when the "everything bubble" pops PMs will go down too, initially. I've stacked for 15 years but even I'm tempted to sell my physical because I'm up 50% on my average buy price and then buy back in after the price drops back down along with stocks and other commodities drop.
I sold all my silver at $32/$33. Got spot for it all. I was super happy because it's been basically going downhill since. I bought most of it at $18-20.
Rubish
I always by at the low , then I sell at the high. Just how I roll.
@@pablomalaga4676 I bought most of my 90% silver at three times face back in the 1980's. Eagles were $8.
👍
Is there a point sheet you plan to buy back in, or do you roll that money into an investment?
I never go out of my way to buy junk silver but if I find constitutional silver I'm pretty happy my wife found about $26 worth of dimes may be a bit less with current market price
Waiting for below $27 or less is very foolish, in my opinion. One little black swan, and the price could bounce hard. I have zero issues with paying $30 an ounce. Because I strongly believe we're going much higher in the next year to year and a half.
The best time to buy silver or gold is when it's unloved. Being greedy for lower prices? You just might be burned lol
Excellent buys on 90%
Not foolish at all. Easy to predict that with Trump making the economy great again.
@ambivertical Trump is not making the economy "great again" lol
@@YHVH1483 he will make it great, but just for the top 0,1%
@@ambivertical
LMFAO
The US is Insolvent.
Trump can't change that.
Chart analysis shows with great probability that silver is heading down to the next key resistance of 27.50. If it breaks that resistance then not sure yet how low it could go. Likely 25 is in the cards. Silver is no longer a monetary metal it seems. Gold and Bitcoin are now stores of wealth and not silver.
I bought a lot of junk silver 15 years ago. I always figured that if you actually had to use it to buy things that people can wrap their heads around a silver coin versus a silver ingot. 😮
Old dude near me sells half dollars for 11 bucks. Is that good?
I think my LCS guy ran out of cash, because so many people are selling and very little buying. I'm still buying 1970's silver art bars, and I'm not stopping anytime soon! It's my addiction!
I have some Mt Everest mint bars in assay from 1974 I believe. Any interest?
@@borisbadenov8957 sorry no, my main focus is USSC, and some Madison Liberty, Death Valley, Ceeco. Image and rarity
People need to relax. They are evaluating silver based on a specific point in time. It’s like judging the stock market based on short periods of time. Fact is it has been proven over time that silver has always proven to be a great wealth preservation tool. Sure premiums on “junk” silver have dropped but still keep up with cost of goods. Even at $18 face a 90% quarter still buys a gallon of gas where I live. It has been very rare in my lifetime where that is not the case. If you buy all your silver when premiums are high and are forced to sell when they are low then you run into problems. If you buy silver constantly over time at different points in the market you cost average your silver thus minimizing your risks if forced to sell. Again silver is a long term strategy to preserve wealth not an investment or even inflation hedge in the short term.
Preserve wealth. Hahahahahhaa I'd guess most stackers don't even know what wealth is. We're preserving being poor lol
@ 😂 At least if you buy “junk” silver you will always have dimes, quarters, halves, or dollars.
Agree 100%,,,,, People are too short sighted..
@@stevierayripple true. Doomsayers like OP have some bizarre narative they are pushing and who knows the motivation ( I mean, past just pushing out Videos to get seen and create arguments).
@@FF7s Lot's of these TH-camr's post controversial stuff just to get more clicks...
I got rid of my 90% yesterday and I'm focusing on my rounds they're so much easier to keep track of
Thanks for the solid program content. It makes sense that many Americans are hurting due to job losses and inflation. This is when many must dip into their stack. That is a hard reality for the stackers and the many LCSs.
Meanwhile the silver Gold Ratio is 89-1. That is such a strong buy signal. Looking worldwide, the fundamentals have not changed. Any silver bought at 85-1 -90-1proves a good buy over time, especially with low low premiums. And with worldwide current fundamentals of demand leading to a physical short, there has never been a better time to buy imo.
20-25 years ago I would occasionally find either 40% or 90% silver in my change. I haven’t seen one in at least 10 years.
The time to buy is when other people are selling. But yes the last year or two has been so severe for everyone that it isn't WANTING to sell silver, its the "do I pay my bills so I can keep car insurance, and food on the table" that is making people sell their silver.
90 % is my favorite type of silver
BEEN COLLECTING for 55 years,its real money
I can't stand the stuff. 999. All the way!
@@buffdaddy4673 thank you leaves more for us collectors,morgans are real money
@@buffdaddy4673 haha, I have plenty of both, and 80% and 45%. . .
Why do you like 90 so much?
I've seen it said in other comments and I think they're exactly right; inflation has caught up with people. It's true that inflation isn't running as hot as it was a couple of years back but the reality is that wages in general have not kept up so there was a huge gap as inflation was running hot. Since then inflation has stabilized but wages simply haven't bridged that gap. It's tough for most ordinary folks. I know I can see it and I'd bet most anyone else can too
Thanks Seeker and Keith!
It is a good time to buy dimes, but halves around here have gone to 24x.
Pro tip, BU 90% is also really reasonable right now!
I love getting BU constitutional silver….appeals to the coin collector in me
Agreed! Love the AU, BU, and proof US 90% silver coins. Stacking
silver is a bit like eating peanuts... once you start, it's hard to stop! lol
I sold my silver when it hit 35oz..people are struggling out here, antique market is being crushed also
I got a quote for selling a kilo of silver today from a shop.... 10% under spot! Ridiculous.
I’ll do spot for it
@@marcshields3677me too
that about right since you can buy all the silver you want at spot, I see a huge dealer paying $2 under for 100 oz ,
Bigger bars are less liquid. I would have expected closer to spot though. Should be able to get spot if you’re willing to do a little leg work.
Silver is in the toilet Wholesalers have no where to go with it all facts
Very informative video brother. New sub you. The phone call with Keith was great . I guess I missed the sale🤔🤔😲. Thanks for sharing your knowledge with us. 😎😎⛏⛏🔥🔥
This hasn’t made its way over to eBay yet
@@_Diggler cause of eBay's fee. 13% PayPal and ebay
Never will. Youre being played lol
Because its BS
Love your channel. I've been a lurker for a long time so I decided to get an account with YT. I'm also lousy at math and enjoy how you figure the prices and premiums of the items you sell and keep track of.
The turnover rate of coins and bullion keeps the coin dealers' business alive but, as yet, people like me never really sell their coins unless there's an advantage in paying with PMs for something. I bought my favorite deer rifle for an ounce of gold back when gold was in the 600s but, overall, I'm a stacker. This has always made me wonder about the financial philosophy of those that buy and sell it to try and make a few buck$ on the side. If you aren't in a financial bind the idea of selling for a small percentage gain just seems short-sighted to me.
"Constitutional silver" has always had the highest premiums of the bullion variety coinage and the premiums have followed the demand as I see it. I'm not sure when the drop off in demand actually hit but I think a large portion of it occurred after the election. The fear of Kamala being seated in the White House drove a lot of the fear trade for pre-65 silver coins and this can be seen often in another silver stacker's channel that interviews customers. When this fear went away a lot of the demand for it went with it. This, of course, doesn't change the facts of the financial world that face us, still, as explained by various people such as Martin Armstrong, Alasdair MacLeod or whatever your favorite pundit out there may be. Should we get to the point of using coin silver for local payments or the banks begin issuing credit based on your silver you deposit with them you're going to need to be in possession of a lot of it. This is what keeps my backhoe on the ranch in tip top running condition.😉
Silver jumped so high so fast , the 90% will have its day later on it’s getting melted on a good pace , most of mine was 14 to 17 times face
Where can i buy 90% at melt?
My friend runs a coin handling business for laundromats, car washes, and novelty machine businesses. He sorts out all the 90%. He has a room with BAGS of 90% quarters! Stacked from floor to ceiling! He keeps all of it and turns in the laminate to the bank. There is tons upon tons of 90 available! The trick is to play the suckers to hysterically buy!
It's been at least 5 yrs since I've found any 90% in circulation.
I'll bet your friend also makes a buck or two picking out regular coins s too.
@@ronfox5519 You are correct! He typically finds a few coins a month! I have to contact him to see if he is still sorting. Last time I saw him was in 2010.
Just went to one of those car washes, used to take coin, now only credit card
How do you know what a decent price is?
Last week I bought $250 of dimes for $500=$20/ dollar and that was below melt.
20x face is still high. Dealers are buying back at 17x.
23 x 1
@@TheMostSlyFox Well yeah anybody would if they can get it. Ag still $30 an oz
@@selectedsilversire7208 and theres the difference, you have an extra 500 bucks at hand.
$250 face for $500 ???? That’s $2 for a dollar face…I want some of that action!!! My math says $5,285 roughly.
Just noticed, no one is talking about Morgan or Peace silver dollars...Yes, I know they are 90% silver but, they trade at different premiums than rather 90% 50C, 25C, OR 10C.......I usually see morgans or peace dollars like cull, slicks, damaged, or holed in with the 90% which is a good buy......One thing about the M or P dollars, they can be priced in 3-5 diff. grade categories, especially when you have lower grade circs, vg-vf, xf, & au's.....Just something to ponder on???
When silver was $15 an oz decent common date silver dollars sold for over $20 they're still a great investment
Thanks for the info. I have been filling a RCM canvas bag with 80% quarters in Canada for the last year. At one point SilverGoldBull took the majority of the 80% off there site as well as my local bullion dealers. I have been buying at just below spot plus tax at the LCS and just below spot on personal deals from facebook market place and kijiji (no tax on personal deals). Looks like SGB has a few 80% bags ATM just above spot plus tax. Just figured I would share the Canadian market ;) Happy Stackin eh!
The US doesn't tax the sell of gold and silver not even on ebay.
@@jamessibley6651 I believe some states do I could be wrong but as a Canadian if I buy bullion in the states most often as it hits the border I get taxed ;) even on the pure bullion that I shouldn't be taxed on. It causes the premiums to effectively skyrocket and has stopped me from shopping US sites for the most part. Happy Stackin eh!
@@canadiansilverseeker I've wanted to start buying scrape sterling from people and making custom poured bars, that maybe a good way to go in your situation
@@jamessibley6651 Not a horrible thing to do but may I caution once melted into custom bars it is harder for buyers to verify its purity & thus harder to sell in the end. ;) Happy Stackin eh!
@@jamessibley6651 Depends on which state you live in. The ones that charge sales tax with have it added on if purchased on Ebay. No way around it.
Been buying as much silver as I can.... When people are selling I am buying my coin shop here in Sacramento says they have sold out of their silver rounds due to several of their clients buying hoards of silver
I bought $84 Face of slick Barbers, a few standing liberty's and Washington quarters at $23 today. Under $2K. I wasn't very happy with the finds, but I rarely like the junk. I think silver will have a good 2025. Happy New Year.
I sold some of my silver a while back to roll over into BTC before the big runup.
Interesting to me since that is the month I started stacking. Started with gold because silver premiums were much higher. Started buying silver for adding physical weight to my safe. Then I quit buying gold and stuck with silver, rounds and 5oz-10 oz bars. Now I'm finally ready to buy 90% and it's cheap!
@@richardroy6179 reading what you did backwards is my story lol and both work.
So if he buys silver going down to sell when it's going up, why is he selling what's coming in and not holding?
Yea, thats in Detroit too. I think Michigan and Oregon are the only two states that pay 10 cents rather than 5 cents for recycled items, which means their economies are different than most other states. Silver to me is like having beach front property in a safe. why would you get rid of that, it's generational stuff.
Great minds think alike my friend!
I can afford to buy 1/4 oz gold coins when I find the them on super sale but I’m 1000 oz deep in silver and 10 oz in gold at this present time. What would you buy a few 10 ounce silver bars or a quarter ounce gold coin?
I would say it's time to buy! It will come back and cost quite a bit above spot sooner or later. If you don't care about 90%, you are missing a critical part of your stack IMHO!
My junk silver was purchased long ago. It is stored in air-tight containers. Long ago; in an age long past; when unicorns still roamed the planet; I put my junk silver on a scale and weighed it. I wrote down the weight and printed a label and fixed it on the old drywall buckets. The same kind of drywall buckets that hold the lead tire weights that I can melt down into bullets. If the day ever arrives that my lead tire weights are valuable; my speculation is that the junk silver will be valuable, too.
Been saying since before the election, it all depends on who wins. If one wins, prices rise dramatically. If the other wins, prices fall dramatically. If confidence returns to the markets, the metals will drop. Since 11/6 I've been saying silver will hit $25 by summer. Other commenters have had a field day with that, but I'm sticking to it.
My personal prediction n is gold will be between 2000 and 2200 in silver will be down to about $20 in the next 6 months
@@lawrencemule1361
Keep dreaming.
Bought a bunch a few years ago in case I need something to use for food if fiat goes to 0. It's there just in case SHTF.
90 percent constitutional is the best, especially Walkers and Mercury dimes.
Its not like PM investors are all specifically bailing on 90%, you have a lot of older people unloading their collections to raise some cash due to the economy (which ive been seeing first hand). Another phenomenon is you'll have older people roll all of their coins and bring them to the bank to raise spending money and then coin roll hunters snag the silver that was unknowingly turned in and then they go sell it. I saw this happen with increased frequency during the 08' recession.
One thing has happened. Crypto. Money flowing into crypto isn’t flowing into silver.
true, and when that crashes (several reasons it Will eventually) My silver will still be in my safe
@@ChesapeakeBayBrian399 if someone is willing to buy it. You're at the mercy of your LCS. Cash would still be king.
Or gold for that matter
Yeah, but you're supposed to buy that industrial demand FAR outstrips supply, which, of course, is bullshxt.
@nickmrt2670 Gold is kind of a different beast.
A much higher tax bracket of investors involved in Gold.
I’ve been paying melt price or lower for 90% silver for months at 3 different shops here in Jersey
No you haven’t
I will buy every ounce of 90% I can find at spot.
What's the best place to buy junk silver? I'm in Midland, TX.
Recently bought small purchase of 20 silver washington quarters at LCS for 22.00 per $1.00 face value.
Not seeing this reflected in prices at either of the major online exchanges I have used.
I would say that this last "up" cycle in silver, more people got involved than ever before. The onset of dramatic inflation initiated by the COVID stimulus payments got everyone going on unending price rises. And the ramp in gold price was surely pretty dramatic over that time frame. And your LCS pal said it correctly. FOMO. FOMO is driven primarily by newbies. They see a price ramp and think it will go on forever. Most of us know better. Two or three years is NOT a long time to hold silver.....for better or for worse. It is generally not possible to buy silver or even gold and sell it mere weeks later and make any money on it. I had to sell a lot of silver last year and the year before, and I'm embarrassed to say I sold much of it around $18. I was in a financial emergency. So yeah, it was nice to have it to sell, but it feels like crap knowing I sold it a solid $10 cheaper than it is today.
IMO, it takes strong character to publicly admit to one's mistakes, so well done with that. Hope you get the chance to buy back in at even lower prices.
Its always sold out in my area i always trying to buy at least a couple dimes every payday or a couple quarters if i can afford it but its been sold out and keeps selling out so i wouldn't say demand is dead
This is great information.
Thanks, nice analysis . Going to keep an eye on silver.
90% constitutional! The original generational wealth stackers! A lot of people are now inheriting those these days. I will definitely take advantage of the deals while they last!
Bingo. Those who inherited do not value it and need the cash today. Also the druggies stealing it from family junk drawers and cashing out immediately. No one should be buying unless they are sure they have the financial means to hold it for year or more even if their job goes away. Metals are not a place to be with money you might need soon. It is insurance for a crash that ends up with barter. The SHTF days. Sounds like you are thinking correctly about it.
90% constitutional silver was the original silver that people hoarded before bullion became popular. So there's some old dusty stacks available for sale.
👍low premiums on 90% silver
I may check out what my LCS is charging for fractional gold vs. full troy oz. The premiums on fractional gold were higher than full tr.oz. I wonder if that's changed.
Hi. I could not find a link, so I searched the Michigan store. I don’t see 90% dimes for sale, apart from individual encased ones. It sounded as if he had a lot.
I looked too because I'm only about 50 miles away. Terrible website.
Inventory isnt huge, doesnt take a lot of people to dwindle it down.
Looks like it's a trip to Muskegon tomorrow.
do you really expect a boomer, running a coin store no less, to have a functioning website?
@ Absolutely. No need for ageism. Way too much in the way of negative conveyances over sweeping groups of people lately.
It’s a little town of 34K people, yet it’s still the county seat!
At any rate. I wish the store well. There are niches, and it seems this store focuses on collector stuff.
Michigan is full of small towns with a sense of community.
Been getting mine from online auction sites like whatnot for under melt regularly....
Folks ain't broke if they got a healthy stack of silver. Most folks stack for all the wrong reasons. There all excited at first but the minute they here anything negative they rush to sell. If you can't control yourself and aint in it for the long long haul then imho silver amd gold ain't for you.
During the last few years in west central Florida 90% hasn't changed much. Buying at 22-24x face, if you're selling 18-19x face. People are buying 90% more than .999%.
Weird how spot price went to 35 and back down to 29 but 90% prices didn't change during the fluctuation.
I'd be a big buyer of junk silver, but not at today's prices. I think Silver is going back down below $25 an ounce.
maybe, but it's true vaule is still around $40 an oz or more with inflation factored in.
Can you share your reasons for thinking that silver will fall below $25 / oz.?
@edb3877 the reason it is going to drop is because anything that flies Skyward at an unreasonable Pace always comes down always comes back down to reality that's just the way it is. Real estate is starting to come down because it was crazy high for the last 2 years. Medals are coming down for the same reason my personal prediction is in the next six or seven months gold will be down to as low as $2,000 an ounce and silver will probably be $20. I'm not selling my stuff I'm just waiting for it to get down that low before I buy more....
No such thing as junk. Gotta stop calling it that.
@@edb3877 demand vs the huge tons of silver ,
Best thing to do in this case: promote coin collecting. It is a hobby for the young and old - and so many have never heard about numismatics or even basic coin history and collecting. I know Littleton and others have been promoting coin collecting for decades, but it needs to be more widespread. And beginners usually start with Lincoln cents and the simple Roosevelt dime and Washington quarter silver collections.
That was an awesome video. Thank you for that and that was really nice job.
Keith is a nice fellow and has the best business model featuring regular customers in his shop that folks can relate to on his podcasts. Floyd Fridays and Bearded Bob are regular customers that he has made into cant miss characters!
I had to sell under hardship during the pandemic. Keith paid me so much better than the grand rapids shops that I was actually able to cover the losses I took selling to the other guys. I'll always remember that.
@@ronfox5519 Keith is a stand up fellow!
We are getting close to getting you to 200k subs very exciting times S.S!
MY LCS Oviedo Rare Coins and Collectibles in Orlando just closed it's doors ,due to not being offered a new lease from The Oviedo Mall. They had the best deals on 90% I've seen anywhere... 20 times face.... Great people.? I'm so sad they just closed their doors Sunday...😢😢😢
Back on Christmas Eve I was able to buy $20 face value in dimes under spot before tax and shipping was added on on top. If I can claim the tax back I am doing well. I should be in theory seeing as how junk silver is second hand not new.
People are selling before knowing what they may be selling it’s scary to see next year demand will blow up throughout year