Why Junk Silver is King
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- เผยแพร่เมื่อ 4 ต.ค. 2024
- In this video I talk about why junk silver is KING! Junk silver coins are 90% silver and consist of dimes, quarters, and half dollars from 1964 or before. I did a junk silver unboxing of some silver dimes on this video. The reasons you should buy junk silver are affordability, fractionality, and trust. My junk silver stack is continuing to grow and I know that it will soon be where I want it to be. I talk a little about junk silver vs bullion and why junk silver is better. I think that junk silver investing can be very profitable and should be considered by any silver investor. I paid around 14.3x for my junk silver face value in this video which is about $20 per ounce. I have not done much junk silver hunting but I know that rare coins can be found in junk silver as well. My current junk silver bag of junk silver dimes is about $140FV. Junk silver melt price is usually right around what I try to pay for my junk silver or even a little below. I really enjoy buying junk silver and I will continue to do so if I can find it at reasonable prices.
The Ultimate Guide to Buying Junk Silver
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Topics I cover in this video: junk silver, junk silver coins, junk silver is king, junk silver unboxing, junk silver collection, junk silver stack, junk silver vs bullion, junk silver investing, junk silver stacking, junk silver face value, junk silver hunting, junk silver bag, junk silver dimes, junk silver pirce, junk silver melt, junk silver investment
#Silver #SilverStacking #JunkSilver
Where you say "Definitely no one is out there faking these..." a Chinese business on aliexpress is saying "We are totally going to fake these"
F chicomms
The term "Junk" Silver Diminishes and Demeans the Silver. Constitutional Silver sounds much more Dignified and Valuable. Just my Preference....
I wholeheartedly agree! Great comment. 👍
11:42 there you go I said it 😏🔥🐉
And I noticed. Well spoken, Sir!
I agree. Even the term "legacy silver" sounds better. 😆 When I first heard the term junk silver I automatically assumed they meant like scrap silver. Junk steel/scrap steel, junk copper/scrap copper, etc. Along those lines.
Nah let's keep calling it junk so everyone else stays away
The longer I stack, the more into 90 percent I get, I love the history with it and imagine all the things it has been used for in the past. Also it’s beautiful 😍
oh yeah it is beautiful for sure!!! 🔥🐉
Why carry those other 10% metal
Totally.
Love the dimes! A large portion of my stack are dimes. Mainly because of the small fractional use for barter and trade. Great to spend, and great for making change when receiving larger denomination coins
oh yeah so versatile! 🔥🐉
They feel so good in your hands. I like to get all scrooge Mcducky w my big bag of dimes and quarters
Thank you . my favorite is the Mercury dimes
Me too .
at least 1 made an appearance in the video lol 🔥🐉
I love the mercury dime
Any silver dimes are great. Have such a nice feel to them.
I use my silver mostly as a savings account, but always keep it to preserve my wealth. Only 23 so hopefully itll build quite a bit of value. I officially have broke my first 10 oz of 999 fine! Of course have few oz of constitutional. I could have never been in this position if it wasnt because of you, and some other youtubers! Thanks for all the fantastic content!
that is very cool keep on stacking
my friend!!! 🔥🐉
You are very wise for stacking at such a young age. You are going to be surprised by how much you have in 20 or 30 years
Good on you! Not only do savings accounts (the basic kind) pay virtually no interest but some even charge you every month!! The whole point, traditionally, of a savings account is to earn interest!
@@cajunstacker1376 Fresh Prince (first episode): I can't think that far ahead...
Maybe not faked but I've had quite a few occasions where none silver Rosie's (post 64,s) are slipped into the roll ... especially on larger orders... happens quite a bit on places like ebay ... but ive even had it happen from two major bullion dealers ... I check each and every piece of constitutional I receive while keeping ALL the packaging for pics if needed ... I have always (but once) been compensated for the "mishaps" ... ... ALWAYS CHECK YOUR ORDERS COMPLETELY!!!!
This just happen to me with Quarters!
@@stevesilver7437 it's a pain but I check each and every one
Great advice! I always record my unboxings just in case it happens. No complaints so far👍🏻
very true! also make sure you got all that you paid for! 🔥🐉
Great video Dragons! Good luck trying to find junk silver online at anything less than 19x face! Depending on the local LCS you may be able to get it at 16x and maybe from someone in the community at 15x. Bought some halves online 2 weeks ago at 16x; now they are 20.5x. With spot and premiums rising in tandem I am not buying at this point. Good point you make on junk silver being trusted.
yeah everything is going up like crazy right now! 🤯🔥🐉
FULLY AGREE
MUCH LOVE FROM MONTREAL
KEEP STACKING FELLOW STACKERS!
keep on stacking my friend! 🔥🐉
Long gone are the days when junk silver was the cheapest silver to buy. I can now buy certain silver rounds and bars for less than $3 over spot. The cheapest junk silver I managed to find is about $6 over spot, and that was after a lot of intense searching. Most places sell it for $8+ over spot. Nevertheless, after much contemplation I decided to take the plunge and go for some junk silver despite the high premiums. I figure that it will be worth it in the long run, as I hope to hold it for decades to come. Just got some Mercury dimes in the mail today and I absolutely love them. My first constitutional silver. I prefer them over the Roosevelts, despite that they have more silver loss. I love how they look and the fact that you don't need to check the dates to know that they are silver. Also knowing that these were used nearly a century ago is quite amazing. I think very few people alive today have ever seen these in circulation, so anyone who sees it knows that these coins are special.
This!! well said and well done Danavi
I just bought a silver coin clock on etsy today. A Peace dollar at 12 oclock and dimes, quarters and half dollar for all the other hour places. One reason why I bought it is in the photo of the peace dollar looks like a high relief. A small gamble as far as the high relief but the clock is going to be very pretty regardless. I cant wait to get it.
As for dime rolls I cant find any roll of dimes thats less than $100 now.
Junk silver is a lot of fun, and it is something most people will recognize so it is good for barter. However... I'm glad I bought 100% of my junk stack between mid 2017 and the end of 2019, when it was a lot cheaper and more available!
yeah it was so cheap back then 😂🔥🐉
@@SilverDragons47 -- used to be, I'd think how much or little I had to pay for any form of silver. Now I figure out how much silver is in any form I have (say a Morgan dollar) x how much spot is and how much I can buy with it if I present a cull or an okay or a VF but ungraded coin. At least rounds are usually very shiny. We shouldn't think in terms of fiat, but it seems we may have to do that to educate those with whom we wish to barter. It should be fun!
@SOON the World Will Know the Truth -- 🤩 high fives!
I love junk silver! I’m 14 and have about 30 oz of junk silver. My favorite is Canadian silver dollars which could be considered Canadian junk silver. Just bought 6 of them today! Silver is rising fast! It’s already past 21$ per ounce!
they are great for sure! it keeps going up! 🔥🐉
Utah it’s 30$ an oz
I agree with all your reasons to stack junk silver. Very good information my friend. Thanks for sharing. Keep stacking
awesome my friend thanks for stopping by and watching! maybe we should do a collab at some point? hit me up if you are interested silverdragons47@gmail.com or mike has my info 🔥🐉
Thanks@@SilverDragons47I will do that as I've been considering something like that.
I love the Mercury dimes....they just flat look cool.
most beautiful coin ever struck is a mercury headed dime,i have thousands of them,i've been buying them in lieu of a 401 account,i never trusted any bank or institution to hold my money i sweated for,bird in the hand approach,POLAR buy as many as you can before christmas,it'll be a good christmas for some,guys like me and you
yes they are beautiful for sure!!! 🔥🐉
@@strattuner I don't own any Mercury dimes...by golly, I think I'll buy a few rolls.
Mercs are good because they are easy to distinguish from rosies and less ambiguous for average purple
@@strattuner wow......I don't own a single Mercury Dime. I remember them when a few would show up in general circulation now and then when I was a kid in the 1960's. Ya....I think I'll buy a roll of merc dimes, just to have in my collection.
Nice!! Thanks for sticking to silver not politics!! Good video&subject. My favorite are the Kennedy half dollars!! Much love 💘
thanks I love talking silver 😁🔥🐉
I just bought 90% junk silver private party. Seller asked coinflation melt values and rounded up. For example, uncirculated dime melt value was $1.38 on coinflation and he priced at $1.40. I used the info from your videos ($1.40 FV = 1 troy ounce) to calculate what i should be paying on a spot price deal. Got quite a few 'slicks' but also some good ones. The knowledge from your vids saved me about $20. Thanks man! Keep stacking and making vids!
wow that is awesome! spot is a great place to start!!!! 🔥🐉
Just in case you didn't know: Silver is most often found together with gold, in a homogeneous alloy known as electrum, an alloy heavily used in the production of coinage in ancient times. ... Silver can also be found as a byproduct of mining lead, zinc and copper. Nearly half of silver mined today is extracted when processing other kinds of ore.Oct 30, 2018
yes lead mining is basically silver mining 😂🔥🐉
Wow! Congratulations SD on being one of the very few Creators that saw this coming! Here we are a week later and spot on 90% is now up to 17.5 X Face. *Apmex is selling 'Old 90%' at 24.5X Face or $34 per ounce, a 42% premium!* I have been screaming 90 and pre-33 for years, both were a virtually zero premium from 2018 into 2020, dealers could not give them away.
Stack until your bags of dimes make the camera shake when set on the table
lol and then start stacking harder 🔥🐉
Ugh 😩 perfect
In the future when people have a choice between Junk
Silver and American silver Eagles and the 5 oz
America the Beautiful, which do you think they will choose?
@@billrundell2097 probably junk and large bars
@@hams47
OVER 50% of junk silver has already been melted down.
There is not enough junk left to meet our national coinage needs.
When the Junk gets again inter mixed with our current coinage,
it will be impractical for retail stores to separate the two.
Every coin will have to be evaluated and calculated. It will take
a PM expert and and a mathematician to complete a retail
transaction. Junk silver would have worked during your great
Grandmother's day. Junk silver's now only value is to be remelted
into bars at a hefty fee thru your PM dealer.
A currency system must be uniform and have equal divisible units,
Sounds like a dragon just tossing around bags of treasure
Boom! Speaking my language. Awesome video. I agree 100% with the dimes. Also I use stacking dimes when a cigar is burning perfect and even, call the ash stacking dimes. Thanks for the video
Never bought junk silver from a dealer. My family recently cashed out well over 500 physical lbs of 90% dimes and quarters they saved up back in the day from owning retails stores. I helped them throughout the whole process. Only thing bad about it several of the coins had heavy wear. Luckily the dealer sold them to us face value x $12. So wear wasn’t an issue. Most dealers will buy them around 85% of spot. I would weigh them. But a lot of them look good.
Joe Shmoe about $140,000 worth. Seems a lil steep, right chief?
Joe Shmoe you guys are funny. A $1000 bag weighs about 50lbs
It’s not hard to believe that this guy has 500lvbs if his family owned a store
I have 10,000 face value in my damn house. That’s about 500lbs. And I never owned a retail store where I’d have collected them
canadaparlay why? $140k isn’t out of line for many collectors. Hell I also have 500lbs of junk silver and I have more than $140k of gold sitting on my desk.
Believe it or not some people stack serious weight
Joe Shmoe uh yea they did the money was sitting in a large 1950’s chest for decades. My grandparents owned two retail stores and kept all the silver coins in bank bags. My dealer paid out 12 times FV.
codycast yea I believe the total fv was around $11500, something like that. I love when people have no clue what their talking about. But yea my grandparents have been gone for a long time and only recently did I find out they had this stored away for this long.
I have 2. 90% dimes and 1 90% Schilling ☹️ I should probably look for some more💛😎👍
that is awesome! go find em! 🔥🔥🔥🐉
The shilling is 92.5%
$20 an ounce is great looking back a couple months. Now over$30 an ounce for junk.
Junk silver is my favorite to collect and stack...thanks for sharing your purchase and insight! 🙌
it’s great for sure! 🔥🐉
I got mine out and unrolled it all to sell it. I got it at about $15.00 spot But I like it so much I decided to keep it and roll it all up again.
Congrats on another great purchase my friend. Love the junk silver 😍 Haven't bought much lately but not to worry, I am still well stocked 😀
thanks! i’m sure you have more than most people 😂🔥🐉
I've ran across fake mercury dimes. I bought 76 from craigslist. They were silver plated copper.
I've recently purchased some British junk silver. I really like the pre-1920 coins. I've got some shillings, florins and crowns from 1920-1946 (which are .500 silver content).
wow that is super cool! gotta love the history! 🔥🐉
@@SilverDragons47 I also feel like there is much less of a premium with foreign junk silver, but maybe i'm wrong about that....
Junk is queen for me. I enjoy it and its beauty but when it comes to hard core silver stacking I prefer .999 fine.
In the UK I wish we had affordable junk silver here but they're around the hundreds of pounds lol so I'm the same as you. I'm just stacking 999s
I prefer 9999 silver
yeah you really have to have 90% and 999 🔥🐉
@@oracleofthenorth3796 Same here for Australia. I was just looking on Numista and we only have one relatively recent "junk silver" coin, it was the 1966 (yes just one year) round 50 cent coin. They are very expensive on Ebay for the weight of the silver. I might buy one just for collection, but you won't be accidentally finding these. Regular 50 cent coins are not round, they are 12 sided.
Love the info, keep it up! Happy to see you made this since mentioning it in your own stack video.
yeah iv been buying lots of junk 😂🔥🐉
Buying Kawhi Leonard "refractor\silver prizm" basketball cards is like buying a guaranteed winner lottery ticket. If he wins Finals MVP this year, he'll have won 3 rings, on 3 different teams - at a younger age than when Jordan had his first!!! Higher winning percentage, and still a decade left to play!! His cards that were selling for like 50 cents about a few months ago and going for like $80 now.
Where can I learn more about this ?
@@fishhunterjay eBay.com and com.com are the best places to buy his cards. The best one available right now is his 2019-20 Prizm #149 Silver Refractor. They are still under $20 or so. If he wins Finals MVP #3 this year they'll be worth $300 by Christmas 🎄. Also his 2019-20 Mosaic Overdrive card is a good bet!! Good luck bro!
Meant comc.com
Thanks for the video on something I hadn't paid much attention to. That will change.
awesome thanks for watching my friend!!! 🔥🐉
Thank you for using the proper term, Junk Silver. As a dealer, nothing screams *"I'm a know nothing newbie, please take advantage of me"*' more than someone walking up to you table and asking for "Constitutional Silver." I have been in this TH-cam community since the start, 13 years or so and "Constitutional Silver" is a made up term, same with the ridiculous term "Semi-Numismatic". Both made up by the community and in the case of "Constitutional" even somewhat Enforced! Someone worth their salt will walk up and ask, "How are you on junk silver today?" or "Got any 90?"
Thanks! I hate sounding green!!!
lol I use the term because it’s more searchable on youtube... more people understand it 🤷🏽♂️ when i’m at a coin shop I always flex a lil knowledge so they know i’m legit... I rarely bring up my channel but it’s funny when other people mention it 🔥🐉
lol.. when I was around 7 we saw my grandpa separating his coins. he said he was "seperating out the ones with valuable metal". my cousin and I took the next 3 weeks doing the same..I had a huge sock full of coins.. but we thought the coins with the copper were the valuable coins because the "goldish color" lol.😅 we discarded all the silver..
Silver Dimes are great!...this just reminds me that I need to pick up some more.
yes go get em! 🔥🐉
*King Indeed!* 7/21/20, Great Day to have bought right. With silver at $21, Mercs and Walkers are doing what they have done again and again, trading at a *40% premium at about $30 per ounce or 21X Face.*
yes everything is getting more expensive! 🔥🐉
@@SilverDragons47 Congrats on buying right!
Mary and I got our stacking start with Junk. Collected in change, bought from the till at work and having friends collect for us that just were not interested in keeping it themselves. Well bud that was a fun one eh.
it’s a great way to get into it! I started with 999 but looking back some junk would have cheaper and easier to buy with my can collecting money 😂🔥🐉
I am nervous to buy junk silver but i trust what you're saying. As long as it's silver its always valuable
Maybe not always if we find a planet made of pure Silver.
Very glad to see you safe.
thanks I am as well 😁🔥🐉
@@SilverDragons47 praise the God
I switched to buying junk silver and working on filling in my coin albums, until the premiums get back in line. Junk is the better deal when premiums are high.
So true
I feel like even junk on eBay is mostly THROUGH THE ROOF....sadly, would you agree?
yep and it is fun to go through as well! 🔥🐉
Wer can I buy junk silver.
@@angelacevedo623 Rwsilvercoins@gmail.com Hes who I go to. Tell him Mysetery Buyer sent you. He comes out with a weekly silver price and inventory list . I spend thousands with him.
Your dimes are in good shape, not too worn. Very nice coin.
Great price you paid.....right now, APMEX is selling 90% junk silver for about $32.00 per ounce for a single roll........
I am in England. Our junk silver is pre 1920, it is 925 silver.
Bought a couple of kilo about two years ago.
Some excellent rare numismatic coins. One very old fake and some later coins only 50% silver.
But a really great buy.
Try to find a good local dealer.
Mine is so good,he has almost sold out.!
that is very cool! stack on my friend! 🔥🐉
Yeah man I love the 90%. I picked up $20 face under spot just yesterday.🔥🔥🔥
that is awesome my friend! keep on stacking!!! 🔥🐉
I have lots of the stuff, but you do get hosed when you sell it to dealers. Only sell private party.
yes buying and selling private party is the best 🔥🐉
Be very suspicious of Morgan Dollars. I was burned once on a buy. They were silver plated. Worthless.
yes those are faked for sure! 🔥🐉
KC JONES From a person off the street. I was very new to buying silver. The plating was actually rubbing off! How stupid could I be?
The coin itself was possibly made of brass. Kind of a yellow tinge.
I bought 20 of them. : (
Great comment. I have talked to people like that who have silver coins to sell and pretend they don't know what they are. It was good I didn't have cash on me or I would've maybe fallen for it.
When I go to buy it's just junk.
When added to my stack, it becomes constitutional. Gotta love the dimes!
As a novice, and as of right now, I'm not crazy about JS only because its recognizability among the general public is very very low. I have a very specific purpose for my stack and it includes perhaps one day using my PMs to barter for goods or services and while I'm not a complete idiot and I can figure out how much silver is in a specific amount of JS (thanks to Silver Dragons that is!) I'd hate to have recognizability issues with other people if/when the time comes. Aside from the calculations you have to do figure out how much silver is in a given amount of coinage, most people don't know the difference between a 1963 dime and a 1967 dime. It's not like the difference is that stark you know what I mean? For now I like whole troy ounce or fractional troy ounce coins/rounds, makes it much easier in that kind of a scenario. That's not to say I'll never acquire JS, just not part of my strategy as of right now.
Friend, do you know how fast Venezuela learned about their junk silver bolivars?
In such a situation, you do not need to worry about recognizability.
My daughters had it figured out at 5 years old. If recognition is your concern just put away Mercs and Walkers. *Nothing "Feels" more fake than a 1/10th oz shiny fractional, no matter what is says on it.*
@@Farmynator All I'm saying is, if you walk up to a random person on the street (today) and hand them a pre-1965 Roosevelt dime and a nickel-copper Roosevelt dime, other than the year, they're not going to see any difference. They're probably not going to look at the edge of the coin, maybe some will, looking at the coin's edge isn't something that most people do. Even then they won't know the pre-1965 dime contains 90% silver. And even if you told them it DID contain 90% silver they might still not understand the point because we're used to using a fiat currency system that's constantly debased, for decades upon decades. Obviously in Venezuela, they probably learned real quick that the fiat currency is worth nothing compared to any bolivares that were made with PMs. It's the difference between eating and not eating I suppose. I'm not saying I'm against JS, I'm just not 💯% for it at this time, and I already listed my reasons, everyone is free to agree or disagree. Who knows, maybe I'll buy some next month. Things can change on a dime. 👀 Get it? Dime? See what I did there?
@@justacinnamonbun8658
Hahaha yeah I do, well I only spoke my two cents.
Take care. 😃
What’s hard about counting 90%
No love for war nickels? They’re even more fractional than dimes and you can often find them at spot or below spot price with relative ease.
Great video! For my own listening pleasure, X=Times, as in 14X means 14 times face value. Or $50 Face X 14 =$700.00
14xFV means you pay $1.40 for $0.10 🔥🐉
Silver Dragons. Is it about 70.00 for a roll of 50 dines if the FV is 14 ???
Roberto Cienfuegos exactly 👍🏽
JUNK????? HAVE YOU LOST YOUR MIND?? Those silver fumes getting to you? No such thing as junk silver. Just lower quality
Deep breath nerd. It’s just the given name for 90% silver coins
@@codycast pretty sure they were being sarcastic
Constitutional Silver......😉
At the end of the day it’s still silver
harold smith I don’t know. I’ve seen nerdRage when people call it “junk”
Man, it's rough getting some reasonable constitutional silver these days!
18x at the cheap shop I go to!
I do need to buy more 90% myself.
Yes! Same here.
I know you do 🔥🐉
I agree Old silver coins are one of my Favorite. No brainer if you are a stacker
oh yeah! the older the better! 😁 except when it’s slick 🔥🐉
Kennedy 40% is currently on apmex- at the time of this writing , for 1.49 overspot.. truly in today’s market it’s king !
Great video, thank you
you are welcome thanks for watching my friend! 🔥🐉
My CLS is 21 over face , so two 90 percent Silver Halves for 22 Bucks , When ever you Sell you might be Lucky to get Spot . :\ QC
I love the Merc dimes. Rosies are great but I will take a little worn and lighter silver weight if I can get Mercs for the same value. Congrats on the new pick up!
yeah I buy whatever is cheaper but I like both! 🔥🐉
I got $100FV back in January. Up around 25% in value now. Nice.
Just bought a dime, nice small coin to add to my collection. Im english but i must say the american mint is good at designing coins specially dimes.
The Mercury is my all-time favorite.
Ah yes quite a nice looking coin aswell
In Australia junk silver in the form of 50c 1966 coins and pre 1946 coins is actually quite expensive. It's cheaper to buy shiny new bullion coins from the mint. The spread at coin dealers is massive too.
yeah that is true! I have 1 piece of australian junk... i’ll break it out in a future video 🔥🐉
Well said!! You can’t go wrong with junk silver!!
@8:27 one got away. Roosevelt went for a stroll lol
😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂 I found it after the video 🔥🐉
The vast majority of mine is Bu Washington’s love them.
That walker is chromed, that's why it's magnetic
Hey S.D., a bit off topic but is buying pre-1933 US gold a good idea now? The selection and premiums on bullion coins are kinda ridiculous right now.
last year they were hot. pass on em now 🔥🐉
He bought junk silver but doesnt want to damage the coin when opening
I am a junk silver addict because of Silver dragons♥️🙂💰. I also collect 999 rounds but had to sell 5 of my rounds sadly because of covid-19 cash problems. But started buying 999 rounds again!!!😆🙂 Have alot of 80-90% junk silver coins!!!
With all the .999 silver coinage now available, +++ ASE and ATB 5 oz. +++. there will not be a need for JUNK as coinage.
PM dealers keep endorsing JUNK to maintain sales.
Junk will be reconverted into .999 coinage at a hefty fee. Did you really save money buying junk.
The reason it is available at the PM dealer is very few people want Junk silver, used for coinage purposes.
Junk will be very difficult to used during a currency reset. .999 purity will be the coinage of demand.
A .999 American Silver Eagle will put you to the head of any checkout lane, Change made with store credit receipts.
Interesting Bill. Where could one find more on this junk silver being no good for barter message I've noticed twice now from you? What's backing your info? Thanks...
I agree 100%
You go ahead and buy your loaf of bread for an ASE. I'll gladly toss out a couple of Rosies for the same loaf and will be very happy about it.
@@5crazykids74
Change can be made with credit vouchers or gift cards.
It will take a Precious Metalist and a Math specialist to
process JUNK, ASE, Rounds and bars at a register.
.
What happens when the 1964 Quarters get mixed into our
current Quarters?
.
A currency must be uniform and of equal divisible units.
Junk would have worked during your Great Grand Ma's day.
.
++++++++++++++++++++++++++++++++++++++++++++++++++++. ++++++
+++++ House Resolution state that all PM coinage used at PM value ++++++
+++++ must be .999 purity. +++++++
+=++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
.
No one will exchange an ASE for JUNK. An ASE will but you
to head of any checkout lane.
.
50 % of all junk has already been remelted, There is not enough
junk to float our coin currency.
.
Coin dealers keep pushing and reselling junk to make sales.
They are having difficulty getting rid of it. They are interested
in sales and not the full truth about junk being able to be use
again as a currency,
.
Fractional silver .999 purity is now available in dimes and
quart denomination.
All junk will be headwd to the remelt centers at a Hefty price.
Did you really save money buying junk?
@@SatoshiZulu
Take for example the pre1964.
What happens when they get spent into the currency system,
it will be disaster at a cash register trying to examine each coin
.
There is a .999 dime now available.
,
House Resolution states only .999 purity coinage
will be used for PM valued coinage. JUNK will be
returned for a remelt at a hefty. fee.
.
It is not possible for a nation to circulate multiple
currency types. JUNK, .999 coinage, Rounds , bars, and foreign
.
Fact, less than 5% of the population knows anything about
JUNK or even PM coinage.
.
We now have the .999 dime, American Silver Eagle and
America the Beautiful 5 oz, We now have more than enough
.999 to float our currency system. Change made by credit
receipt or voucher when necessary.
Great video. I had a similar walker 1934 s from roll hunting that was gold plated with two small holes for a chain or something. Sorry I am just now subscribing. You have a great channel. Have you done a story on 40% ers? Junk silver IS king if you have a heart for the history.
thanks for watching! yes! th-cam.com/video/cjXdKgW0XLA/w-d-xo.html
True, Const silver is a great way to go
yes it’s excellent for sure! 🔥🐉
Spot Silver Price jumped to26 bucks and some change last night, then got pushed back down, gives us time to get more, not a bad thing, while at the same time, reminding us that Gold is chased after, Just as much as Gold, and will go very high eventually in value/price, and $2,000 worth of silver will buy you More Land, than 1 oz of Gold for $2000, just an example of WHAT Both metals can buy, in the near future. And it's crazy, The IRONY of one of the men who DEVALUED Our Money(SILVER & Gold too) THE MOST is on our 10 cent piece Dimes, more ALL Those decades.
I’m stacking 90 % silver dimes because they are the same cost as quarters and halves now!
In the future if silver goes up in price, fractional silver will have a higher premium just like fractional gold does now.
Also, fractional silver will be easier to barter or trade if we go to a cashless society! Gold will be too expensive for the common man .
i feel like we will fall into cryptocurrency before all we have left is silver and gold
My local silver shop has buckets of fake silver and gold to show people counterfeit coins and they have peace dollars and morgans that are fake but I never seen any fake dimes or quarters
Top video mate. I would rather go for silver coins. As in Proof coins.and or sets.
thanks my friend! 🔥🐉
What does it mean for those collecting these now that the Fed says theirs a coin “shortage”?
Boy, the days of 14 x face are long gone!
Silver Dragons - this and your other video on 90% coins are great but *how* you actually are able to buy at such low prices only gets a quick mention. I would like a video that's all about how you are doing these "private sales."
For me - I'm reluctant to seek a private sale unless there is a platform with some guidelines and recourse to action if you get burned (i.e - eBay). Otherwise, I'm looking at reputable dealers. Neither eBay nor the dealers have the kinds of prices you're talking about here, especially the last four months.
Thanks!
I only recommend private party for the pros 🤷🏽♂️ you are basically a bullion dealer at that point. try royalcoinshuston on instagram to get your feet wet 🔥🐉
*Through 2018-19 you could buy all the 90% you wanted at spot or a click over, same with Pre-33.* Three month ago Mercs and Walkers were higher than Eagles at $25-S27 per ounce, a *66% premium* at the time! During the Y2K scare junk silver coins carried a *50% PREMIUM* over bullion products. The premium on old gold and silver has a solid track record of periodically spiking, *09' had a 40% PREMIUM* on common junk such as Washington's and Rosies... *even higher on Mercs, Walkers and Pre-33.* They again spiked in 2013 and 15'. Below is a chart on premiums that covers the last 10 years but it is a cycle that I have seen repeated for decades, also a great article going back even farther on premium spikes.
Looking historically, there is a good chance this cycle, what is known as the 'Prepper Premium', will continue to repeat.
Charts
smaulgld.com/junk-silver-premiums/
Article
www.cmi-gold-silver.com/90circulated/
I just bought 50x $10 liberties near spot. About $870 each
yeah the “prepper premiums” are crazy right now. I miss the spot priced junk and pre33 🔥🐉
Thanks for the info very interesting just subscribed
I wish I was loaded like you, so I can buy silver whenever I want. LOL
Where do you find junk silver for 13x? The best I can find online is 15x.
15x is super hard to find too. Best I have found in my area is 16x and that was several weeks ago.
private party 🔥🐉
Silver Dragons how do you get invited?
A lot of people would recognize a real silver dime. But in a SHTF situation when you need to barter, and getting to a coin shop isn't an option, how can we be sure that some random person will know that? I would guess that a majority don't know and would say it's worth 10 cents. That is what makes me hesitant to buy junk silver. Can anyone calm my fear?
When buying Constitutional Silver ,.. always purchase by weight instead of face value due to the fact that coins wear over time and lose metal.
Nobody sells it by weight that I know of.
I've often heard people talk about holding gold/silver for a SHTF moment instead of cash. I get that holding gold/silver is protection of your assets against inflation (hopefully the metal value will increase over time vs one paper dollar still being worth one dollar 20 years from now) and I can see it as a relatively safe investment vehicle that is tangible (you can lay 'em out on your bed and roll around Scrooge McDuck style) and can be a fun hobby. I can even see that it's a portable way of retaining / hiding wealth, when systems are in place to cash it out, but I don't understand people holding metals for when the SHTF. Isn't it just like paper money in the way that it relies on an infrastructure to covert the coin into goods/services?
If the power grid collapses, a horrible pandemic strikes, zombie apocalypse happens etc. (the collapse of civilization), what good does a safe with 100 US gold eagles do you? It's not like you will be able to pop out to your local coin shop to sell them or mail them to a gold buyer. I can't also imagine gold being worth a lot when compared to a pile of tools (including guns/ammo), a storehouse of grain / seeds, etc. I can see an apocalypse negotiation for goods/services going "Yeah... that pretty coin is shiny, but so is my Winchester. I'll trade you the box of gold for this rusty pistol and a box of ammo..." "But that's 20 oz of gold that I bought for nearly $40,000" "Sure... but what good is $40,000 of gold when you are dead?"
Am I missing something? I understand that having $500,000 on a 401k statement is worthless when zombies have taken over the world, but isn't a safe of shiny coins practically the same thing when they both rely on a functional infrastructure to be of practical value?
I'm joking a bit with the zombie story, but I'm very interested in people's thoughts on the use of gold (as risk mitigation) while having to rely on the availability of an infrastructure to convert it... I'd love to see some responses.
pretty sure almost every stacker also has lots of big shiny guns as well 😂🔥🐉
@@SilverDragons47 I think they go hand in hand lol you shouldn't own one without the other handy 🤣
Hi love your videos I haven't heard u say anything about bullion exchange they r trusted right free shipping on 99$
I agree with you completely. That's why fully half of my stack is 90% junk Silver. I think even if they regulate Silver in the future, it's going to be this older kind of 90% Silver that will escape many of those regulations. I also think that people will be more willing to trust this Silver than all of the bullion that's out there. They can and have faked the Peace, Morgan, and Walking Liberty half dollars, but most of that has come out of China in the last 20 years, and they haven't really flooded into the U.S. So even though they've been faked, it hasn't been done a lot. The best rule of thumb is that the smaller you go, the less likely you are to find a fake. Quarters and dimes have almost never been faked. This same thing is true when buying Gold coins. The smaller you go, the less likely you are find any fakes because it's just less possible and less cost-effective to fake the smaller stuff. We'll see how it goes, but I definitely think 90% one of the best forms of Silver that you can buy. I think you're necessarily going to be increasing your overall average, since I think we'll see Silver north of $25 per ounce sometime either this year or next, and I would not be surprised at all if we end up breaching the $30 mark within that same time-frame. I don't know if there will be major pullbacks in Silver before it reaches and breaches $50, but there certainly could be, so I would just go slow and steady. There may be an opportunity to buy during pullbacks before we reach $50. For myself of course, I'll just D.C.A. no matter the price. Good video! Loved the pickups!
yeah I have to DCA or i’m dead in the water at this point lol. I hate fakes 😡 I haven’t seen any in person but I have seen them offered online. I agree likely 90% would escape regulation 🔥🐉
Do you think 80% silver Canadian coins would also be worth it?
Why buy less purity when you can get higher purity for not much more?
If you live there, yes for recognizability. They also have easy to remember silver content ($1=0.6oz, $0.25=0.15oz, $0.10=0.06oz)
For Americans.. If you can find Canadian junk for less than American junk, go for it. Only advice would be don't make them too big a part of your stack, would imagine they're less recognizable/desirable there.
Nice. I stack spanish junk silver because I'm from Spain. Here I can't find american junk silver at spot price, it has a higher premium, so I just own some half dollars coins. Recently I've made some purchases of national junk silver under the spot price.
very cool I know some of those spanish coins are beautiful! 🔥🐉
for barter I like Mercury Dimes - they look a lot older and for that reason I go for them for a barter situation. people in the general public might not believe rosey's are silver because of the volume of them that are not silver
The date will tell you if its silver or not. Those before 1965 are all 90% silver.
I buy silver because it is fun. It doesn't seem like fun unboxing that stuff. I do like the fact that it is almost always real. Cheap and real are the only thing they have going for them. Looks wise they hurt.
don’t hate on history. they are fun to look though and find older or rarer dates 🔥🐉
I sold my dimes. My preference is quarters, halves, and dollars
Now thats some lovely junk!
lol I agree 🔥🐉
Any tips on where to find junk silver without paying an arm and leg?
Dime Time! Mercs are one of my favorite!!
oh yeah I love me mercs! I need to get more 😁🔥🐉
Just bought $50 face value myself tonight!
that is awesome! stack on my friend! 🔥🐉
I love silver dimes. However I prefer to buy the uncirculated rolls, which tend to go for around $25 per ounce these days.
those are much nicer looking coins 😏🔥🐉
Lucky to get those right before silver spiked