@@i_click_buttons , only a fool would stack wealth if they didn’t already have all other bases covered. I only started to preserve my wealth in silver and gold when I had at least a years worth of preps done. Including large gardens. You can’t eat silver …but you can buy shit loads of physical assets on the other side of the reset, real wealth just doesn’t disappear, it always goes to the strong prepared hands.
So much of it gets melted down. Not easy to resell. Whole sets are thousands of dollars. I offer a lot of that stuff at $1 over melt and its still doesn't move.
@@BayshoreBullion I offer my sterling at $0.20 over scrap and still no one wants to buy them. Almost perfect condition as well. That's why I am reluctant to scrap them. But they're so pretty is such a same they get melted.
@@BayshoreBullion The refiners give me $0.80 Cdn per gram depending on spot price, and I am only asking $1.00/gram for pristine condition sterling for a fraction of what it actually cost to make that pieces of silverware, and no one wants to buy it. I am selling the silverware for less than it cost to be produced and there are no takers.
Yup, people find awesome silver at second hand stores andmelt it down, what even hit me harder is someone had a huge box full of 80% canadian junk silver and he said he melts it down to refine, I cried a bit I'm canadian and I stack canadian junk and I bet he didnt even look for errors and varieties
Total nonsense. You need to get smart and scoop up every ounce of silver you can ..while you still can. I'm majorly regretting not buying more gold and silver way back when it was $14. Now I can only buy incrementally. This country is circling the drain fast and a reliable medium of exchange is needed.
I agree that any silver is silver. I do not sell it. I would buy scratch up silver because that has no bearing to me and it usually a better deal. It all going to go up once the Fed approved banks stop shorting it down. Then it go up sevenfold in one day.
Ill buy scratched and dented silver bars ... have one sitting in front of my right now a 5oz sliver bar from Highland Minting. What does it matter unless it is some kind of collectors piece.
I don't care if they are scratched or dented either but most of the people that buy on my website do. They are very picky about condition. One little scratch and they'll want a refund or to change it out.
When it comes time for you to sell, if that ever happens, it doesn't matter what you are willing to accept. It matters what the person buying from you is willing to accept. I also buy scratch and dent stuff, but I know that the lower premium that I'm paying is likely going to mean lower premiums when I sell it, and I'm OK with that.
yes. same with stocks and natgas and crude oil. sometimes you can flip it in a few minutes or a few hours, sometimes it takes days or weeks or even months.
When i started on silver, my supplier set me up like a cashiers till. To be able to transact for any size barter, from a bit of food to a vehicle to...
I'm new to this.in my way of thinking,coins,the better the condition the better the price.personally I wouldn't care about a scratched up bar.weight is weight.
I buy weight if it’s sterling to 99.9 -35 percent a wide range is better then no range I try to get the cheapest price around especially sterling you can get 3 Troy ounces for 40-50 bucks and I then refine it and make 1 ounce bars or rounds
Silver is not worth the hassle spot + some ridiculous premium when you purchase and melt prices when you sell 😢.prices haven’t gone up significantly in years,and if the tshf , no one is a going to take silver over a loaf of bread.
Right now I'm trying to find different silver bars at my local pawnshop or local coin shop that could get at a good price and sell if needed for a nice profit I'm also considering buying as many boxes of pennies or half dollars I can get from my bank to go through to try and get a bunch of wheat pennies or silver halves to trade in for free gold
im always nervous to buy the super neat bars and rounds because im always worried it wont be recognized. that why i really like constitutional or junk silver. everyone will recognize and buy that but i already know ppl that had a hard time selling when they needed to because even shop owners had never seen or heard of some of their stuff. i want super easily recognizable weight because at the end of the day it brings you zero dollars or goods when you need to turn to it and cant convince someone its real
at some point people will come to realize the small denomination like 90% Dimes, Quarters,50 pieces most valuable for day to day transactions, Dimes most of all. Look around today, from 1 dollar to 20 dollar bill most used currency, if silver goes to $ 100 an ounce, who will be able to break a Morgan or Silver eagle with a 10 ounce bar. if 90% dime goes to $ 10 , you will want 90% Copper pre 1982 Pennies. Remember war nickels are 30% silver.
You can easily and safely drain the sulphuric acid first by laying the battery on its side and drilling a neat hole downward into a bottom corner. Next, return the battery to an upright position with the hole directly over a plastic or glass container. Next, drill a hole through the top of the battery so it can drain properly. You can flush it out a bit with water Then, plug the holeat the top by welding it using a soldering gun and a tiny piece of extra plastic snapped off the battery with a pair of piers. Flip it back on its side, and neutralize any acid around the hole before plugging that one too. Any acid you recover with contain lead sulphate, but it's still very useful as it is and can be easily purified. This is worth it if you need large enough quantities of sulphuric acid without paying through the nose for it
Instead of melting, sell it to collectors. Lots of these flatware’s ss is in good shape - lost forever in melt 🥲can never bring back. Breaking heart of ss collectors 🥲
Buying silver close to spot or at spot and then depending on the spot price is most stupidest thing ever. I have never bought or owned anything close to at spot price and always bought premium collectable coins and bars and then flipped in secondary collector market for huge profit. If you buy at spot then you can’t match the profit you get by flipping premium collectable silver bullion. I am not talking about proof or boxed silver. I have almost doubled if not tripled my money in few years. You can never imagine that kind of return by buying/selling at spot.
I am in Ireland. We have no culture of LCS. Have to either buy and vault or develop a reputation in the tiny secondary market. Doing both but it is not hugely liquid.
i had an old neighbor years ago that would be outside all day everyday in his shed grinding flatware apart haha. idk where he was getting all that silverware but he was definitely spending hours and hours pulling it apart haha
Whenever silver makes it's move, people & shops will not be so picky. If it's a decent round, it should sell itself. All you need mention for comparison, is Silvershield, Liberty Coins, Scottsdale mint rounds & other instant hits, which many enjoy bidding wars on auctions these days. Why? Because of the high quality standards they bring and their meaningful messages.
Never realized the fractional profit margin these guys work at! Love all the people that say just melt it down not realizing all the toxic chemicals and hazards involved.
I think most coin dealers have higher margins than he has. They do not melt down sterling, they send it out to a refiner - good ones pay them at least 95% of spot - probably 98% for the 500 oz tableware box shown.
Nah, Ill keep buying limited release coins and Germania mint. Because I LOVE the art that goes into it. Im not thinking about Wshtf. Im thinking about in the next 20-30 years resell value. When it does hit the fan, Ill accept my losses on the premium. But the price of silver may be at the point where my premium doesn't even matter anymore.
My question on currency. If a government makes a decision, stating that their silver cannot be melted down, does that leave silver from being used industrially, and what happens to that coin/bar?
I enjoy the older patterns, especially larger serving flatware. Collectors spoons are interesting too depending on the topic. There's a huge markup on a lot of that
I've also had soft foam almost completely corrode copper coins of decent value after just a couple years in storage. Nearly all mint markings on the coins were eaten away leaving major pits deep into the copper. When I decided to use it to cushion the coins, there was nothing very odd about the foam that I could tell. Seemed completely dry and safe to use. No oily feel, smell, etc. I stopped using foam of any kind after that.
I miss the sterling cons and bars like Franklin Mint used to make. Everything else aside from .90% are so easily damaged, scratched, milk spots, dinged etc. Sterling can always be easily repurposed to jewelry or other.
As a regular stacker, I got a bit of everything. I traded my bars and international items, and just focus on Maples and Canadian 80% coins. I still have Krugers and ASEs to trade off, when the opportunity presents itself. I came out ahead, weight wise. Those big bars are sexy though.
The coins are nice to have now, but when the prices multiply they will be out of reach for a lot of people because of the value, when your unable to sell them they become less valued. Just continue to buy bullion... 2nd hand won't even matter, even rounds... just my opinion
When it hits the fan, I will be in a cave, lol. I don't think we come from, but we're actually forced underground because the surface becomes too dangerous, in my opinion.
The most important things to take into consideration are 1) don't buy big slabs of silver, or gold. Even if the fiat paper still had any perceived purchasing power left in it, you wouldn't keep only 100 dollar bills, because how would you break it down into smaller units? There is a REASON why we have different sizes and values of coins and bills. 2) When TSHTF, just how much stuff are you going to be able to buy? 3) It is folly to think that you can accurately compare the perceived purchasing power of worthless fiat paper (or electronic bookkeeping entries while they're still accessible while we have electricity) to PMs. Inflation is the increase in the cost of goods and services, due to a DECREASE in the PPP of a fiat currency. So when you see the cost of PMs going up, it's generally speaking NOT because those PMs are increasing in value, it is because the fiat paper and computer numbers have LESS PPP in them, so more and more are needed to maintain the balance between what is being bought and what is given in exchange for it. The old saying "Worth its weight in gold" was used when spices and salt were used to preserve foods before we had refrigeration, because the amount of Human labor needed to collect an ounce of spices was about the same amount of labor as getting an ounce of gold! They were trading labor for labor!
I need some of those spoons to complete my Silverware Set. I'm voting for the Monarch Mint Bars. So for Christmas Presents I bought (7) 1oz Ultra Cameo Coca Cola Rounds, with plastic capsules and drawstring wedding bags, for my kids and grandkids and one for me to. $35 each with Drawstring Bag and Plastic Capsule, free shipping. Man I hope I bought the right stuff, they sure look cool! When I took these Coca Cola rounds out of the APMEX plastic bags, they went straight into the capsules and the capsules went straight into the drawstring bag. I did not touch the coin or the capsule : )
@@BayshoreBullion 'secondary' market is anything that isnt brand fkn new from a mint/company that hasnt been owned by any other private owner. By your idiocy, if I buy a gun from someone who bought it from someone else but never took it out of the box its still 'new' even though it had two fkn owners already, lmao
If you are buying from a legit bank I'm sure your silver is fine but I would always check to see if any reputable companies in Canada offer it cheaper.
Buy what you like just avoid selling to dealers like this guy. Wholesale is a way to buy in bulk from other dealers to help them move bulk. These guys pay you less than wholesale because they can.
@@BayshoreBullion I wasn’t just talking about you. I’m talking about everybody in your supply chain. Your business is stealing from my community just to make a quick buck off people who have saved these collections for lifetimes. Everyone please buy what they have but never sell to someone who tells you that they have to pay you very little because they can get it wholesale cheaper. Let them buy from each other while they can.
@@VeteranStacker If thats what your issue is why dont you save up enough money and buy big lots like this yourself and you can do whatever you want with them.
@@VeteranStacker There are a lot of dealer-dealer type transactions going on behind the scenes. Chances are very good that this guy buys from dealers at a slightly higher price than the dealer buys from the customer. One good way customers can get good prices is if they can find another customer looking to buy what they're selling. i.e. Eliminate the middle man. Around here, dealers will buy American Silver Eagles at spot and sell them for $5 over spot. If they buy a large lot of them, they might sell some to another dealer at $1-2 over spot for a quick, but smaller profit with less risk. Regardless of what happens after that dealer buys the ASE from the customer, the customer still only got spot from the dealer.
I buy 90% US and Foreign government coins THAT i find attractive.I don't call myself a stacker i guess if you buy coins for half a century you become one :) by volume. I never plan to sell my gold and silver until i'm near economic doom unlike stackers who run to sell when spot price rises which is fine whatever makes you happy for me being a collector i enjoy looking at my collection and having the security of my investment.
same here. I like collecting Chinese Pandas, proof American Eagles, and Australian Zodiac silver coins. i do occasionally buy small amounts of "junk" silver coins and bars just in case of a real 1930's stock market crash, zombies, etc. its too much of a hassle to physically buy and sell.
Same here. I’m just starting to get really into it. Been aware since 2008 but money wasn’t decent then. Now I’ve made connections with a private old timer seller and he cuts me unbeatable deals each week. I’m doing same. No selling until it counts
Most numismatic coins are worth the hassle to me. Bullion is a long game that can go somewhere or get ran down more. Rare coins remain the real precious.
I believe that the chemical now you can dip them in a peal right off. Buses 1250 ° to melt silver I don't know what gold is I don't need full of gold and a couple of gold britannia's but that's it I like those coins for some reason.
ironcally they'll tell you to buy the cheap stuff to get as close to spot..then tell you not to buy the cheap stuff because you may not find a buyer lol. Making me dizzy.
Secondary market stuff you can buy cheapest. But when you sell it back you’ll get the lowest because they are out of package and tarnished. Not that hard to understand.
@@BayshoreBullion lmfao...I have no fkn problem getting spot plus a buck for pretty much any shit bar or round I take to my LCS. you selling at pawn shops or what, son? not that hard to understand lmao
What exactly does this guy do? Is he a wholesaler? Who is his target market? Does he sell to the everyday consumer? I see his shop is in NJ. I'm in NJ also. I'd love to come down and check his stuff out. Seems he knows his stuff.
I'm a wholesaler. I buy from businesses, jewelers, coins stores. I sell to the public on my website. It's taxable to the public in NJ but I always have stuff available for sale.
I would never pay extra for a bullion silver item's "collectible" value or rarity. I care only about metal purity and weight and consider every coin or bar to be scrap to either use in trades or for making jewelry. If the time ever comes when fiat money or debit cards are no longer accepted in transactions, I would prefer to use Canadian maple leaf coins because they have an accepted value, are easily recognized, easy to hide in a pocket and the individual coins are the right size for small transactions. I also like junk silver U.S. 25-cent pieces minted in 1964 and earlier for the same reasons. But if there is ever a currency collapse, I will depend upon my firearms, long-term food storage and other preps for survival and use my silver coins to buy specialty services such as dental care. I could trade a junk quarter for a pint of local honey or a loaf of homemade bread just to help out a neighbor. Or I would trade a couple of my Canadian coins for a dental exam and cleaning or five Canadian coins for a new filling if this included imaging and local anesthesia. I doubt I will ever trade any of my food or ammo for specialty services. If everyone is suddenly broke, I suspect the federal, state, country and city governments will be unable to collect taxes or pay their tax department employees, so I am not going to worry about how to pay property taxes, sales taxes and vehicle registration renewals after a theorized currency collapse. I also suspect that property values and vehicle values will plummet when buyers can no longer borrow cash or get credit or make their payments and a lot of people are suddenly out of work -- so taxes on these things should drop a lot too -- if it were even possible to collect taxes. I could always use my torch and metal working tools to turn a coin into a wedding ring for someone and trade this for their labor/skills. I expect there will always be some people who want to get married for love or to unite two families, so wedding rings could be best sellers in a post-currency world. Silver pendants, beads and earrings (all made from coins) would probably still be popular -- just like they were in ancient times when there were no banks and married women wore the portable family wealth. Coins can be soldered onto bales and used as pendants or charms to be threaded onto twine for necklaces or sewn onto garments like you can still see with Bedouin tribes or in the back country of Afghanistan. History gives us plenty of examples of daily life without minted coins or paper fiat money.
man, the margins must be slim pickings for a business. It seems like a grind to make a nut on and even get into unless your pops was in the game since the 50's and 60's or was in pawn.
Silver is silver. It doesn’t matter if it’s open, dented, tarnished or has milk spots. As long as the weight and purity are correct and match the stamp, it won’t matter. There’s definitely a market for buy backs as they generally have a lower premium on them.
@33scottyp Not neccesarily. If you are talking about when shtf scenario occurs in might not be as important but it still matters. When black markets are in effect and American paper dollars are the currency being accepted that black market demands NEW bills. They don't want old bills. Often they won't even take old ones. It will be the same with silver. The preference will be for pristine coins, rounds and bars. Those who are the brokers will determine what they will accept. They won't want grubby silver unless it is the absolute last option for them.
dollar over spot on those 10 oz bars sounds awesome, my lcs charges +3 on bars and if theyre premium bars even more even on the 100oz bars no discount.
Why bother melting silver cutlery. Sell it by weight to stackers, imo best bang for your back for long term stacking as long as you get it for the right price. If I can get it for a scrap price let's say 90% of spot, I can always scrap it for that and avoid any premiums.
i buy what is a good deal but theres times i wanna dabble into something neat or for an occasion like a gift or somethin. like atm if i could get a tube of sunshine mint eagles or walkers on a deal then thats what im going for. remember getting the morgans a while ago and they look nice. as for bars. every time i order a random 10 oz from sdb i get the same bar. like its cool to have bars but theres times i wanna get somethin different. though when it comes to keeping the bars. im one of the few i see that keeps em in their sealed plastic. recently i went for the 3 tudor beasts i dont have and im happy on those. though im debating selling the extra lion i have if i get a decent offer or trade it at a show.
There is no problem with 99% of secondary silver especially the bars he has on that table. I would buy them I do buy them I see no problem with them I'm not sure if he's just trying to sell premium coins Sovereign coins which I do not buy because nobody recognizes them. If you do not stack you don't know what an an American Silver Eagle is
All available for sale on my website if that’s what you like. Cheap too. I don’t recommend secondary silver because when you sell it back you’ll get the lowest payout.
It simply doesn’t matter, unless you save coins. I don’t care, as long as it is 99.9% for bartering later. Discussion should be how much you need to get over all the craziness what looms ahead.
Hey, Thank you for your channel. Always love to get new content on silver. You you provide the phone number of the business in the video? I’m interested in buying some of the blemished silver he has. Keep up the good work
Silver is silver.
I’ve been buying and selling generic silver for 15 years. Never once have I EVER had a hard time moving it.
When the shtf silver won’t care what it has stamped on it.
That's right pretty won't matter purity will matter.
Depends on what you consider shtf? Not being able to buy your brand name products. Or what it looks like in Ukraine right now.
People won’t gaf about silver if shtf. Can’t eat silver.
@@i_click_buttons , only a fool would stack wealth if they didn’t already have all other bases covered. I only started to preserve my wealth in silver and gold when I had at least a years worth of preps done. Including large gardens.
You can’t eat silver …but you can buy shit loads of physical assets on the other side of the reset, real wealth just doesn’t disappear, it always goes to the strong prepared hands.
@@i_click_buttonsbut it will pay for what you can eat.
If shtf stock pints of liquor for bartering
@@lurereviews5164 Because alcohol is an essential
The pvc in most cheap plastic flips is what damages coins. Make sure to only use non pvc for all storage. 👍🏼
I didn't know that, thanks.
Thanks for the tip
Ya I had pvc ones in past. I use plastic shell ones now.
It's a shame that all that flatware is getting melted. Silver flatware is getting harder to find.
So much of it gets melted down. Not easy to resell. Whole sets are thousands of dollars. I offer a lot of that stuff at $1 over melt and its still doesn't move.
Made of the perfect material.
@@BayshoreBullion I offer my sterling at $0.20 over scrap and still no one wants to buy them. Almost perfect condition as well. That's why I am reluctant to scrap them. But they're so pretty is such a same they get melted.
@@Macky1101 it is a shame to melt down such nice stuff. But man I thought I was selling it cheap. You can’t give this stuff away lol.
@@BayshoreBullion The refiners give me $0.80 Cdn per gram depending on spot price, and I am only asking $1.00/gram for pristine condition sterling for a fraction of what it actually cost to make that pieces of silverware, and no one wants to buy it. I am selling the silverware for less than it cost to be produced and there are no takers.
When it comes to stacking SILVER...get it as close to spot as you can, nothing else really matters
Damn shame seeing all that vintage silverware and everyday items people used to use at the turn of the century going to the crucible :( 😢
Yup, people find awesome silver at second hand stores andmelt it down, what even hit me harder is someone had a huge box full of 80% canadian junk silver and he said he melts it down to refine, I cried a bit I'm canadian and I stack canadian junk and I bet he didnt even look for errors and varieties
Some pieces of sterling silver flatware are far more valuable than melt prices.
@@joesmith-es1zy Only to a very few who want them. You can put them up for sale for tens of years and a buyer will never show up.
Same with copper or steel flatware, they cost more than their "Melt" prices too.@@joesmith-es1zy
I'm guilty of melting flatware, candle holders etc for jewelry making.
Costco here in Canada sells 1oz gold bars and 10oz silver bars. It's the best price I can find.
After your 2% back or 4% back you are getting close to spot or even lower sometimes.
No Costco is expensive… you can find it cheaper
For short term swings, it’s definitely almost like trading the stock market. Thus I hold for long term to avoid these kinds of volatility stresses
Sooooo.
What types don't we buy?
Total nonsense. You need to get smart and scoop up every ounce of silver you can ..while you still can. I'm majorly regretting not buying more gold and silver way back when it was $14. Now I can only buy incrementally.
This country is circling the drain fast and a reliable medium of exchange is needed.
anything fake or ridiculously overpriced
I agree that any silver is silver. I do not sell it. I would buy scratch up silver because that has no bearing to me and it usually a better deal. It all going to go up once the Fed approved banks stop shorting it down. Then it go up sevenfold in one day.
Ill buy scratched and dented silver bars ... have one sitting in front of my right now a 5oz sliver bar from Highland Minting. What does it matter unless it is some kind of collectors piece.
I don't care if they are scratched or dented either but most of the people that buy on my website do. They are very picky about condition. One little scratch and they'll want a refund or to change it out.
@@BayshoreBullion You would have no complaints from me. :)
When it comes time for you to sell, if that ever happens, it doesn't matter what you are willing to accept. It matters what the person buying from you is willing to accept. I also buy scratch and dent stuff, but I know that the lower premium that I'm paying is likely going to mean lower premiums when I sell it, and I'm OK with that.
I’ll stack and collect whatever the hell I want. I absolutely love Geiger bars.
Dollar over spot is a gonga deal. Good luck finding that online anywhere. He's almost giving it away!
I just bought first mint bars at $0.50 over spot last month on a sale. You can get rounds for $1 over spot from some places.
Exactly and then when you want to sell they refuse to even give spot.
You only realize a loss when you sell. If spot drops, hold it until it goes back up to an acceptable level.
yes. same with stocks and natgas and crude oil. sometimes you can flip it in a few minutes or a few hours, sometimes it takes days or weeks or even months.
My local dealer wants $8 over spot on silver eagle 1oz, $6 on 1oz coins like Austrian phils, $4 on 1oz rounds!😲😲
That's my 2012 ASE in the 2x2 I made that label and sold it on ebay.
Love seeing the behind the scenes on this type of stuff... 👍🐸
When i started on silver, my supplier set me up like a cashiers till. To be able to transact for any size barter, from a bit of food to a vehicle to...
I'm new to this.in my way of thinking,coins,the better the condition the better the price.personally I wouldn't care about a scratched up bar.weight is weight.
How many ounces of gold are around his neck? That seems pretty risky to me.
Great video. Love the 50oz. I've never seen one for sale retail.
Loved this video, especially the comment about the tight profit margins...particularly with the larger 50 and 100 oz bars. Learned a lot. Thanks!!!
I buy weight if it’s sterling to 99.9 -35 percent a wide range is better then no range I try to get the cheapest price around especially sterling you can get 3 Troy ounces for 40-50 bucks and I then refine it and make 1 ounce bars or rounds
Silver is not worth the hassle spot + some ridiculous premium when you purchase and melt prices when you sell 😢.prices haven’t gone up significantly in years,and if the tshf , no one is a going to take silver over a loaf of bread.
This guy's great. Great personality.
Yeah he does seem very 😎
Straight to the point with no BS.
Right now I'm trying to find different silver bars at my local pawnshop or local coin shop that could get at a good price and sell if needed for a nice profit I'm also considering buying as many boxes of pennies or half dollars I can get from my bank to go through to try and get a bunch of wheat pennies or silver halves to trade in for free gold
im always nervous to buy the super neat bars and rounds because im always worried it wont be recognized. that why i really like constitutional or junk silver. everyone will recognize and buy that but i already know ppl that had a hard time selling when they needed to because even shop owners had never seen or heard of some of their stuff. i want super easily recognizable weight because at the end of the day it brings you zero dollars or goods when you need to turn to it and cant convince someone its real
How big a deal are 10 oz bars that aren’t in encapsulated in plastic vinyl ? I have a few, but most are not, the ones in plastic don’t stack well.
Once they are out of the original packaging they are considered secondary market products.
at some point people will come to realize the small denomination like 90% Dimes, Quarters,50 pieces most valuable for day to day transactions, Dimes most of all. Look around today, from 1 dollar to 20 dollar bill most used currency, if silver goes to $ 100 an ounce, who will be able to break a Morgan or Silver eagle with a 10 ounce bar. if 90% dime goes to $ 10 , you will want 90% Copper pre 1982 Pennies. Remember war nickels are 30% silver.
War nickels are 35 percent
1982 was a transitioning year some are copper and some are zinc the copper pennies of those years are like 98 percent copper 82 and back
Instead of scrapping the silverware, just use it for daily use. No different than stainless. If nobody is going to buy it, might as well use it.
You can easily and safely drain the sulphuric acid first by laying the battery on its side and drilling a neat hole downward into a bottom corner.
Next, return the battery to an upright position with the hole directly over a plastic or glass container.
Next, drill a hole through the top of the battery so it can drain properly.
You can flush it out a bit with water
Then, plug the holeat the top by welding it using a soldering gun and a tiny piece of extra plastic snapped off the battery with a pair of piers.
Flip it back on its side, and neutralize any acid around the hole before plugging that one too.
Any acid you recover with contain lead sulphate, but it's still very useful as it is and can be easily purified.
This is worth it if you need large enough quantities of sulphuric acid without paying through the nose for it
Instead of melting, sell it to collectors. Lots of these flatware’s ss is in good shape - lost forever in melt 🥲can never bring back. Breaking heart of ss collectors 🥲
This new generation could care a less about history. Let alone to sell flat ware. Worth just as much if it the right brand name.
@@charlesrandall6835 I am brand new to all of this. Mid thirties and agree with the original comment.
Great video. A nice behind the scenes look!
Thank you very much!
Buying silver close to spot or at spot and then depending on the spot price is most stupidest thing ever. I have never bought or owned anything close to at spot price and always bought premium collectable coins and bars and then flipped in secondary collector market for huge profit. If you buy at spot then you can’t match the profit you get by flipping premium collectable silver bullion. I am not talking about proof or boxed silver. I have almost doubled if not tripled my money in few years. You can never imagine that kind of return by buying/selling at spot.
Cool interview Stormy 👍💪🥈
I am in Ireland. We have no culture of LCS. Have to either buy and vault or develop a reputation in the tiny secondary market. Doing both but it is not hugely liquid.
Interesting. Why no LCS in Ireland?
@@BayshoreBullion small population I guess and not much of a culture of it.
i had an old neighbor years ago that would be outside all day everyday in his shed grinding flatware apart haha. idk where he was getting all that silverware but he was definitely spending hours and hours pulling it apart haha
Whenever silver makes it's move, people & shops will not be so picky. If it's a decent round, it should sell itself. All you need mention for comparison, is Silvershield, Liberty Coins, Scottsdale mint rounds & other instant hits, which many enjoy bidding wars on auctions these days. Why? Because of the high quality standards they bring and their meaningful messages.
Never realized the fractional profit margin these guys work at! Love all the people that say just melt it down not realizing all the toxic chemicals and hazards involved.
I think most coin dealers have higher margins than he has.
They do not melt down sterling, they send it out to a refiner - good ones pay them at least 95% of spot - probably 98% for the 500 oz tableware box shown.
Lots of work, keeping on top of everything.. Thanks for some extra knowledge.
Good insight behind the scenes...thanks for posting
Silver is silver, i’d buy any old old/beat up/ secondary market silver in a heartbeat
Nah, Ill keep buying limited release coins and Germania mint. Because I LOVE the art that goes into it. Im not thinking about Wshtf. Im thinking about in the next 20-30 years resell value. When it does hit the fan, Ill accept my losses on the premium. But the price of silver may be at the point where my premium doesn't even matter anymore.
.999 generic Buffalos or bars
Met this seller, he is located in NJ. Solid buying experience
My question on currency. If a government makes a decision, stating that their silver cannot be melted down, does that leave silver from being used industrially, and what happens to that coin/bar?
If your government tells you what you can do with your Silver, you better already have armed yourself
If you can get silver for free or cheap than take it but I price of silver hasn’t gone anywhere in almost 20 years
silver was $5.00 an ounce 20 years ago... WTF are you smoking?
Im probably by myself on this, but i absolutely love sterling flatware 🍴👌🏾
I love the Sterling flatware. I’ve seen some beautiful stuff throughout the years.
I enjoy the older patterns, especially larger serving flatware. Collectors spoons are interesting too depending on the topic. There's a huge markup on a lot of that
I really like picking up the sterling candle sticks myself!
@@ct87gn25 Do you prefer "picking up" the candlesticks in the Dining Room, the Library, or the Conservatory?
I've also had soft foam almost completely corrode copper coins of decent value after just a couple years in storage. Nearly all mint markings on the coins were eaten away leaving major pits deep into the copper. When I decided to use it to cushion the coins, there was nothing very odd about the foam that I could tell. Seemed completely dry and safe to use. No oily feel, smell, etc. I stopped using foam of any kind after that.
Foam holds moisture.
I've been avoiding foam or cushioning of any kind since I started. Air-tite capsules without foam, or Saflip is all I use.
He keeps pointing to the Canadian Silver Maples when he says “some of this stuff I’m going to keep”.
Any significance there?
Im some dude in bay shore NY watching your video lol Now Im going to check out your site.
I miss the sterling cons and bars like Franklin Mint used to make. Everything else aside from .90% are so easily damaged, scratched, milk spots, dinged etc. Sterling can always be easily repurposed to jewelry or other.
As a regular stacker, I got a bit of everything.
I traded my bars and international items, and just focus on Maples and Canadian 80% coins.
I still have Krugers and ASEs to trade off, when the opportunity presents itself.
I came out ahead, weight wise.
Those big bars are sexy though.
The coins are nice to have now, but when the prices multiply they will be out of reach for a lot of people because of the value, when your unable to sell them they become less valued. Just continue to buy bullion... 2nd hand won't even matter, even rounds... just my opinion
@@SliverOfSilver1000oz , I disagree. Bullion can, and have been faked.
Sovereign coins are harder to counterfeit.
...always have Krugers JUST IN CASE
Honestly, in many cases, tarnish is an added perk. Especially if it's something old school.
With such a low margin and the volatility of the pms market, why do it? Why try to sell pms retail? How are you keeping lights on?
Very little is sold retail. I mostly deal with wholesalers. Dealer to dealer transactions. All low margin but very high volume.
you could probably sell that silverware for a pretty penny just as is. People love that shit.
When it hits the fan, I will be in a cave, lol. I don't think we come from, but we're actually forced underground because the surface becomes too dangerous, in my opinion.
This was a great video, really enjoyed it. Thank you.
Glad you enjoyed it!
The most important things to take into consideration are 1) don't buy big slabs of silver, or gold. Even if the fiat paper still had any perceived purchasing power left in it, you wouldn't keep only 100 dollar bills, because how would you break it down into smaller units? There is a REASON why we have different sizes and values of coins and bills. 2) When TSHTF, just how much stuff are you going to be able to buy? 3) It is folly to think that you can accurately compare the perceived purchasing power of worthless fiat paper (or electronic bookkeeping entries while they're still accessible while we have electricity) to PMs. Inflation is the increase in the cost of goods and services, due to a DECREASE in the PPP of a fiat currency. So when you see the cost of PMs going up, it's generally speaking NOT because those PMs are increasing in value, it is because the fiat paper and computer numbers have LESS PPP in them, so more and more are needed to maintain the balance between what is being bought and what is given in exchange for it. The old saying "Worth its weight in gold" was used when spices and salt were used to preserve foods before we had refrigeration, because the amount of Human labor needed to collect an ounce of spices was about the same amount of labor as getting an ounce of gold! They were trading labor for labor!
Great to hear these unique stories from different folks
Okay now I know I can get tarnished silver for cheaper I'll go for that from now on cuz I ain't after it for the look after it for the price
And I'm not going to pay more for better looking silver is silver is silver it don't matter if it's shiny or not
Somehow this is giving me a sicking feeling. When everyone sells their silver all at once this will drive the price down once more 😮
That's why it's called a market. Supply and demand.
Does it really matter if they are scratched or not?
I need some of those spoons to complete my Silverware Set.
I'm voting for the Monarch Mint Bars.
So for Christmas Presents I bought (7) 1oz Ultra Cameo Coca Cola Rounds, with plastic capsules and drawstring wedding bags, for my kids and grandkids and one for me to. $35 each with Drawstring Bag and Plastic Capsule, free shipping. Man I hope I bought the right stuff, they sure look cool!
When I took these Coca Cola rounds out of the APMEX plastic bags, they went straight into the capsules and the capsules went straight into the drawstring bag. I did not touch the coin or the capsule : )
help us new guys : is hoping you did the right thing a good plan, or did you just pay a lot extra for looking cool?
What silverware set are you trying to completed?
Reed & Barton or something similar. I need a dinner fork next.@@Macky1101
I take any silver bar dented/scratched or new. Silver is Silver.
how is a provident metals bar secondary market by default? Its literally made for them
Secondary market is anything out of original package, tarnished, scratched up. Nothing to do with the brand.
@@BayshoreBullion
'secondary' market is anything that isnt brand fkn new from a mint/company that hasnt been owned by any other private owner.
By your idiocy, if I buy a gun from someone who bought it from someone else but never took it out of the box its still 'new' even though it had two fkn owners already, lmao
I buy 1 oz silver from a bank in canada monthly thats all i can buy am i doing a good thing or do you have a suggestion
If you are buying from a legit bank I'm sure your silver is fine but I would always check to see if any reputable companies in Canada offer it cheaper.
we just don't want another "Silver Thursday"...............them dang Hunt Brothers
Buy what you like just avoid selling to dealers like this guy. Wholesale is a way to buy in bulk from other dealers to help them move bulk. These guys pay you less than wholesale because they can.
You couldn’t sell to me. You’d need a wholesale tax ID number.
@@BayshoreBullion I wasn’t just talking about you. I’m talking about everybody in your supply chain. Your business is stealing from my community just to make a quick buck off people who have saved these collections for lifetimes. Everyone please buy what they have but never sell to someone who tells you that they have to pay you very little because they can get it wholesale cheaper. Let them buy from each other while they can.
@@BayshoreBullion#EndTheIRS☠️☠️☠️💸💸💸
@@VeteranStacker If thats what your issue is why dont you save up enough money and buy big lots like this yourself and you can do whatever you want with them.
@@VeteranStacker There are a lot of dealer-dealer type transactions going on behind the scenes. Chances are very good that this guy buys from dealers at a slightly higher price than the dealer buys from the customer. One good way customers can get good prices is if they can find another customer looking to buy what they're selling. i.e. Eliminate the middle man. Around here, dealers will buy American Silver Eagles at spot and sell them for $5 over spot. If they buy a large lot of them, they might sell some to another dealer at $1-2 over spot for a quick, but smaller profit with less risk. Regardless of what happens after that dealer buys the ASE from the customer, the customer still only got spot from the dealer.
I buy 90% US and Foreign government coins THAT i find attractive.I don't call myself a stacker i guess if you buy coins for half a century you become one :) by volume. I never plan to sell my gold and silver until i'm near economic doom unlike stackers who run to sell when spot price rises which is fine whatever makes you happy for me being a collector i enjoy looking at my collection and having the security of my investment.
same here. I like collecting Chinese Pandas, proof American Eagles, and Australian Zodiac silver coins. i do occasionally buy small amounts of "junk" silver coins and bars just in case of a real 1930's stock market crash, zombies, etc. its too much of a hassle to physically buy and sell.
Same here. I’m just starting to get really into it. Been aware since 2008 but money wasn’t decent then. Now I’ve made connections with a private old timer seller and he cuts me unbeatable deals each week. I’m doing same. No selling until it counts
Most numismatic coins are worth the hassle to me. Bullion is a long game that can go somewhere or get ran down more. Rare coins remain the real precious.
run
I believe that the chemical now you can dip them in a peal right off. Buses 1250 ° to melt silver I don't know what gold is I don't need full of gold and a couple of gold britannia's but that's it I like those coins for some reason.
ironcally they'll tell you to buy the cheap stuff to get as close to spot..then tell you not to buy the cheap stuff because you may not find a buyer lol.
Making me dizzy.
Secondary market stuff you can buy cheapest. But when you sell it back you’ll get the lowest because they are out of package and tarnished. Not that hard to understand.
@@BayshoreBullion lmfao...I have no fkn problem getting spot plus a buck for pretty much any shit bar or round I take to my LCS.
you selling at pawn shops or what, son?
not that hard to understand lmao
What exactly does this guy do? Is he a wholesaler? Who is his target market? Does he sell to the everyday consumer? I see his shop is in NJ. I'm in NJ also. I'd love to come down and check his stuff out. Seems he knows his stuff.
I'm a wholesaler. I buy from businesses, jewelers, coins stores. I sell to the public on my website. It's taxable to the public in NJ but I always have stuff available for sale.
@@BayshoreBullion Cool! Love the vids very interesting.
I would never pay extra for a bullion silver item's "collectible" value or rarity. I care only about metal purity and weight and consider every coin or bar to be scrap to either use in trades or for making jewelry. If the time ever comes when fiat money or debit cards are no longer accepted in transactions, I would prefer to use Canadian maple leaf coins because they have an accepted value, are easily recognized, easy to hide in a pocket and the individual coins are the right size for small transactions. I also like junk silver U.S. 25-cent pieces minted in 1964 and earlier for the same reasons.
But if there is ever a currency collapse, I will depend upon my firearms, long-term food storage and other preps for survival and use my silver coins to buy specialty services such as dental care. I could trade a junk quarter for a pint of local honey or a loaf of homemade bread just to help out a neighbor. Or I would trade a couple of my Canadian coins for a dental exam and cleaning or five Canadian coins for a new filling if this included imaging and local anesthesia. I doubt I will ever trade any of my food or ammo for specialty services.
If everyone is suddenly broke, I suspect the federal, state, country and city governments will be unable to collect taxes or pay their tax department employees, so I am not going to worry about how to pay property taxes, sales taxes and vehicle registration renewals after a theorized currency collapse. I also suspect that property values and vehicle values will plummet when buyers can no longer borrow cash or get credit or make their payments and a lot of people are suddenly out of work -- so taxes on these things should drop a lot too -- if it were even possible to collect taxes.
I could always use my torch and metal working tools to turn a coin into a wedding ring for someone and trade this for their labor/skills. I expect there will always be some people who want to get married for love or to unite two families, so wedding rings could be best sellers in a post-currency world. Silver pendants, beads and earrings (all made from coins) would probably still be popular -- just like they were in ancient times when there were no banks and married women wore the portable family wealth. Coins can be soldered onto bales and used as pendants or charms to be threaded onto twine for necklaces or sewn onto garments like you can still see with Bedouin tribes or in the back country of Afghanistan. History gives us plenty of examples of daily life without minted coins or paper fiat money.
Just buy ASE’s they’re always in high demand and good premiums can be found
What’s “ase” ?
All silver is secondary market the minute it leaves the mint if people don't want to buy it that's their problem.
Could you elaborate?
man, the margins must be slim pickings for a business. It seems like a grind to make a nut on and even get into unless your pops was in the game since the 50's and 60's or was in pawn.
Very tough indeed
Silver is silver.
It doesn’t matter if it’s open, dented, tarnished or has milk spots.
As long as the weight and purity are correct and match the stamp, it won’t matter.
There’s definitely a market for buy backs as they generally have a lower premium on them.
@33scottyp Not neccesarily. If you are talking about when shtf scenario occurs in might not be as important but it still matters.
When black markets are in effect and American paper dollars are the currency being accepted that black market demands NEW bills. They don't want old bills. Often they won't even take old ones.
It will be the same with silver.
The preference will be for pristine coins, rounds and bars. Those who are the brokers will determine what they will accept. They won't want grubby silver unless it is the absolute last option for them.
dollar over spot on those 10 oz bars sounds awesome, my lcs charges +3 on bars and if theyre premium bars even more even on the 100oz bars no discount.
Should have some copper and titanium to add to your stack
Copper isn't worth stacking
@@mudvayne2311 Depends on how much you buy , if that's the case why are people stealing copper piping ?
@@claytonevans5721to flip for more meth.
It's too common to be worth anything substantial
Why bother melting silver cutlery. Sell it by weight to stackers, imo best bang for your back for long term stacking as long as you get it for the right price. If I can get it for a scrap price let's say 90% of spot, I can always scrap it for that and avoid any premiums.
Yep metal dealers are not contractors leave the power tools to the professionals😂 8:34
Lol! I believe the term is “Boat Load.”
😂😂 I was lmao when he said this
Big like number 593! Excellent video and thank you so much for sharing!
Thanks for the visit
Great interview
i buy what is a good deal but theres times i wanna dabble into something neat or for an occasion like a gift or somethin. like atm if i could get a tube of sunshine mint eagles or walkers on a deal then thats what im going for. remember getting the morgans a while ago and they look nice. as for bars. every time i order a random 10 oz from sdb i get the same bar. like its cool to have bars but theres times i wanna get somethin different. though when it comes to keeping the bars. im one of the few i see that keeps em in their sealed plastic. recently i went for the 3 tudor beasts i dont have and im happy on those. though im debating selling the extra lion i have if i get a decent offer or trade it at a show.
Whaaat? But you have had videos previously saying gods of Olympus is a winner! I am confused🤷♂️
A dremel will easily polish up secondary market silver. In the end, silver is silver anyway.
Great vid, love the detailed topic.
Glad you liked it! Hope you’ve been well buddy. Been awhile.
925 silver jewerly is ok to stacking?
Yellow Gold & White Silver...
There is no problem with 99% of secondary silver especially the bars he has on that table. I would buy them I do buy them I see no problem with them I'm not sure if he's just trying to sell premium coins Sovereign coins which I do not buy because nobody recognizes them. If you do not stack you don't know what an an American Silver Eagle is
All available for sale on my website if that’s what you like. Cheap too. I don’t recommend secondary silver because when you sell it back you’ll get the lowest payout.
@@BayshoreBullion Of course, I am playing the long game, wealth preservation along with Au of course.
Hi, Do you ship to the uk? I'd buy your Apmex bar and JM bar they're cool, love your videos too
I don’t ship to the UK right now.
It simply doesn’t matter, unless you save coins.
I don’t care, as long as it is 99.9% for bartering later. Discussion should be how much you need to get over all the craziness what looms ahead.
I buy silver to keep it. Ill pass it on to the clan and hopefully they can make a pretty penny.
So what type to avoid?
@@SilverLiterati how do I buy from this guy
Hey,
Thank you for your channel.
Always love to get new content on silver.
You you provide the phone number of the business in the video?
I’m interested in buying some of the blemished silver he has.
Keep up the good work
I put them on the site as secondary market bars. They sold out the next day. Spot plus .99 cents.