In the 80's I worked for a major coin shop... and once a week we would deliver scrap silver to a smelter. According to them... every week they had (8) 55 gal drums full of silver coins that they would melt... ( I saw the full drums)... And this went on for years... And this was one location. If 25% of the constitutional is alive today I would be very surprised. I try to get it when I can... today I got quarters.
Spot on . A buddy of mine owned a coin shop when the Hunt brothers ran silver up. I spent many an afternoon with him in his store. He worked alone and was happy to have me in his shop with him. Older folks were steadily bringing in silver coins they had saved over the years in every type of container. He'd spill them in a big tray for a quick check for clad and then dump them on a scale. Some people got mad because they thought they would get paid for each individual coin. As soon as he payed them, everything got dumped into a big drum behind the counter to be sent to the smelter. Being that I collected coins , he'd let me paw through them. I'd pull out nice Barber's that belonged in a coin collection, not a drum going to the melt man. I was shocked at what went to the smelter. Lots of older dates and not all of it worn slick. either. At the time I was young and laid off from my job. I couldn't afford to buy any of it. I asked him , " Why don't you go through this stuff?" He told me he didn't think the mad silver rush would go on for long and didn't have time to go through it. So, we've been through this before. This time around stuff is really going to be cleaned out.
I have been telling everyone I know to buy Junk silver because it will have large premiums in the future especially when cash "fiat" goes away. 90% silver will always be money, and in a cashless situation, 90% silver can still be used. Its beautiful, its fractional, its the most recognized.
As a “vest pocket” coin dealer for the past 25 years, I have bought and sold tens of thousands of face value junk silver. During this time, I always believed that the end of junk must be near. We’ll, it never happened but it could be that this time may be different. Somehow though, I still think millions of ounces are still out there. Hoarders are still hoarding and nearly everyone seems to have at least a small stash tucked away. Time will tell!
The rewind video you shared at the beginning of this video was one of the first of your videos that hooked me. I have no regrets for subscribing. Keep up the good work.
In late January I was buying rolls of Walker halves right at $200 per roll, I just saw prices from my same dealer at $262 per roll....just 2 months time.
My local shop has been quite low on 90% junk lately. Fortunately, there's the bin of foreign coins...I've gotten quite a nice assortment of British, Mexican, German, and a few other types of silver, all at melt (or just a hair over) Much of it is quite old too; I even score the occasional 1 or 2 reale coin with Charles III on the face. I just checked APMEX...I can't believe silver dollar culls are going for $35+. Hang on to your silver and gold, folks...it's real money.
For a long time, you could buy foreign silver for melt easy. Even now, that is getting hard to find. I've got tons of old sterling. British Crowns, Mexican Pesos, I've got some cool French Napolean and German Nazi silver coins. I always thought it cool that some soldiers could have had these coins in their pockets while fighting across Europe, taking on Wellington or Napolean.
In Switzerland where i live a 2 Reichsmark from 1937-1939 is around 10 swiss francs or more and a 5 Reichsmark from 1934-1939 is around 15 swiss francs or more.
Up until this morning I was going to take about $30 face value of Barber halves and quarters down to the coin shop near me to sell but I changed my mind and I’m going to hang onto it. I don’t need the cash that bad right now.
I purchased hundreds of silver Washington Quarters from a coin shop perhaps 20-25 years ago for between 85 cents each to $1.05 each, and Walking Liberty Half Dollars for between $1.80 and $2.40 each. I still have most of it. Wow, what a bargain I got buying it way back when.
@@cardaveux dang I just don't understand who would melt our constitutional silver it can't be replaced once it's gone it's gone forever there's only a finite Supply
@@trackpackgt877 I understand it because Switzerland had 835 Silver till end of 60's. People/dealers from Germany, Italie, France, Austria etc. which had lower fine silver like Germany (5 DM in 625 silver or Austria 10 Schilling in 640 silver) or abolished silver coins like France in the mid 60's bought regulary a huge amount of swiss silver coins and melted in France etc. Made a big profit.
@@cardaveux Wow interesting thanks for the info brother 👍 in the US we stopped minting silver coins in 1965 64 being last year for 90% silver only exception being Kennedy half dollars 65-70 were 40% silver but that's a different story. Let me ask you can you still find silver coins in circulation where you're from? It's very rare here to find them but it does happen in my lifetime 36 years old always watching my pocket change I have found a few silver coins people spent but it's so rare
@@trackpackgt877 Coin roll hunting like in the US wouldn't work in Switzerland. It's almost Impossible to find 1/2 franken, 1 franken, 2 franken or 5 franken silver coins in daily circulation or in a roll. Around 4 1/2 years ago i became 2 francs 1967 in silver in a supermarkt as exchange. I was so happy. This was the exception, never happen again till now. You can still find 20 Rappen, 10 rappen (in english cents) for example from 1932, 1924 etc. but it's not silver. Btw: Did you know Switzerland was the first country with a nickel only coin. It was the 20 rappen from 1881 till 1938. Because of world war two since 1939 the 20 rappen was in copper-nickel not only in nickel.
Thank you sir for the video. I bought a lot of 40% and 90% back in the early 90s. I still have most of it. Hanging on to it and adding to it when possible.
I don't have tons of junk silver but the 200 or so ounces I do have is at a DCA of $12.00 per fv. That's 1100 dimes, 42 quarters and 320 Halves. And from the halves I was able to put together 2 full Franklin sets minus a few years I had to search for and pay a premium. Never planned on putting a set together but pulled out the Franklin's one day to see if I could. Fun doing it too. Great video Daniel!
I've have only 50 dollar face value in dimes, quarters and half dollars 90 percent. Took me over one year but i live in Switzerland and american junk silver is Not easy and cheap to find where i live.
My thoughts: Daniel, I purchased a roll of Roosevelt Silver Dimes from you 3/15. After reviewing the recent Ebay completed sales, the price has gone up 15% since then, only in 2 weeks!
I've been wondering this myself... how much could possibly be left if alot was melted also. I don't believe theirs enough to go around forever so one day it truly reaches premiums and above either way. I've been buying as much as possible as of recently, trying to at least get a few hundred worth in case it decides to go extremely rare also.
That’s why when spot is around $19-22, I make sure to get as much junk silver as possible, not too long ago I was getting BU Franklin rolls for 18x FV. I could sell them now for agreat profit but I’ll be living for another 70 years, I can wait!
Well done video... my local LCS has let me look through his 5 gallon bucket if junk silver that he sends to be melted ... I have got some nice coins... Thanks again Daniel... well done video!!
Had a gentleman in my tiny town ask me for a couple rolls of dimes for his safe. He wanted them NOW and said 25x face. I just traded him out for generic rounds. He just wanted those dimes! Stay safe stack on and Peace from the Sunflower State!!!
I've been a fan of 90% for several years, wish I had started buying earlier (of course). My LCS (DFW TX) was low on quarters, didn't check dimes, had a pretty good number of halves. Here it's 23x, and I bought $11 FV to round out some tubes, but I'm on pause otherwise. Online sites are showing 27x (when they have it), some even higher.
Prices on constitutional silver have skyrocketed. I haven't been able to find anything cheaper than 26 times face online lately. It's definitely awesome to get, but not the most cost-efficient. You can buy silver rounds and bars, and even foreign coins, for cheaper than 90% silver. I still buy 90%, specifically Mercury Dimes, but my mentality has shifted. I no longer buy it as an investment in silver, since it's too expensive for that. I buy it simply because I enjoy having it. I have no intention to sell it or to barter with it. So, I think of it as more of a collection. As such, I actually seek out Mercury Dimes that are in VF-XF condition, which are my favorites. I love it when they have that old worn look to them, but at the same time when their condition is very good and you can clearly see all of the details. I actually prefer VF-XF over AU, as I don't want them to have much luster on them. I don't keep them in any flaps or coin holders. I just mix them all together and love that about them, that you don't need to worry about handling them carefully. I buy them in smaller quantities and pay higher premiums for them (usually anywhere from 30-40 times face), and the fact that I'm buying them little by little and spending so much on them will help ensure that I hold on to them down the road, since it would quite a financial loss for me to sell them. As far as pure stacking goes, I'd go with silver rounds and bars, and also gold. Those are the metals I'd sell if I'd ever have to. But I have no intention on ever selling my 90%. They are much more than silver to me. They are part of American history. People used these coins literally a century ago. They will never be minted again, and so there are fewer and fewer of them each year as more get melted away.
I have made a ballpark estimate that as little as 7% of junk silver still exists. As small as that sounds, 7% is still a billion coins with over 141 million ounces of silver. That being said, the major on line dealers are selling junk for prices that pencil out to over $30 per ounce (=21.5 x FV) . So the question is: Does the finite amount of junk silver out there-whatever the actual amount is-justify premiums similar to Silver Eagles and higher than everything else?
You can’t go wrong with uncirculated rolls of Roosevelt dimes. 14 silver dimes equals 1 ounce of silver so they’re perfect for use in situations where barter is acceptable. It’s best to get uncirculated rolls of silver coins as the weight should be more accurate as these have not been worn down in circulation. I’d take rolls of uncirculated silver dimes anytime over other 99% silver coins because they are perfect for barter and already broken down into small units of currency.
if silver becomes a medium of exchange, you will be holding your dimes until death do you part. will you really casually give away historical currency that will never be produced again? on the other hand, silver rounds and coins are perishable...
I think a lot of "junk" silver has been melted down over the years, now whatever amount remains is just a fraction of what it once was, it may become scarce and rare in a few years if you ask me, the kennedy half dollars are getting harder to find in bank boxes, that'll tell you something about silver scarcity.
A Local dealer still sell foreign silver at "junk" such as the Australian shilling coins (0.925 sterling from before 1944) or the 1976 Winter Olympics comemorative Canadian coins ($5 - 10 face value), for example. Some of the foreign coins have a premium over silver while others are valued at "Bv" in the catalog. Another dealer sell the same or similar stuff at 10 or 15% over junk value. So that's one way around it.
It's hard to believe, but those silver 1976 Canadian Winter Olympics coins weren't accepted at face value for amounts over $20 when issued. Probably because they didn't contain enough silver weight.
@CoinHELPu cool. I'm just getting into coins. I'm in Southeast corner of Columbus and have been learning a ton from Buckeye Coin & Jewelry and from your channel.
I always wondered since the big melt years exactly what is the surviving mintage amounts left of various US .900 silver coins ..it is almost impossible to get a accurate estimate..
Good Evening Daniel!!🍷I have expressed my opinion on melting coins to you before!! IT SUCKS!!!! I HATE IT!!! IT OUGHT TO BE OUTLAWED!!! It is so indicative of what this nation is, a throw away society!!!!!🤬🤬🤬🤬🤬🤬🤬🤬🤬🤬🤬🤬🤬🤬🤬🤬🤬🤬
Not sure about the future of Junk Silver but I love the ones I have. It's such a good gap between coin collecting and silver stacking. I just enjoy having it and will buy again when I find good deals.
I've been slowly accumulating it for the past year. I also believe that there is far less of it left than many people suspect. It's possible that every piece will someday have a numismatic premium. Besides, it's our history, and some great art as well.
It's sad that a lot of these coins were melted down. Which ones get melted down? The ones in poor condition, and why are they in poor condition? Because they actually lived history and passed through many hands. It reminds me of the Sacajawea dollars, if you find one it is typically uncirculated, but in Ecuador, where they are well used they get worn down.
I like to call old silver coins vintage silver, it's unfortunate that a lot of them have been melted. Hopefully, that won't be happening in the future.
im a bit late to this video but i have collected coins for the last 30 years and ill say I've been lucky to always be able to find 90% its just how much I'm willing to pay. I'm truly sad that it got melted but i get it! who knows maybe this stuff will end up as truly being generational wealth like all the stackers say
Today is 4/7/23.. Spot price is still $25 plus and APMEX is selling $1000 bags of "junk" silver at $30251. That works out to about $42.31 an ounce. Someone correct me if I'm wrong.
Standing liberty and anything barbers are big on collector premiums in good condition. I always put my slicked out coins in a separate stack as they are good too but in its own category. 90% is just as good as .9999 ot
I've gotten most of my Junk Silver from the Local Coin Star where I work at. Since the coin star doesn't recognize the Silver Coins as * Real Money * . the rest I got from my local coin shop dealer. Will Continue to stack Junk Silver until there's none left for Collectors.
24x times face from my LCS today. They said they are taking in and selling out $1k face per day currently and have plenty of it in stock. Not sure where they are getting that much but it's not scarce in this instance just in high demand. Pacific Northwest.
I went to my LCS the last 2 saturdays to look for oddball stuff he might have and to buy supplies - and both times the crowd was nuts...some guy bought $49k worth of gold1 ozt american buffalo coins. i'm not sure it's all about FOMO...unless that includes a level of fear... bottom line - I'm a little bummed out that I can't go into my LCS like I had been for years - and have a lot of junk silver to buy at a good price and buy ASEs at $3 over spot - and get 5 for $100 - which was my normal purchasing pattern - week in and week out...I was spoiled.
The old constitutional silver is disappearing for sure. It's going to be the silver proof sets and stuff like that we will end up finding in the future in change. We just passed the 30-year mark that they have been making silver sets for modern coins. I feel it's a matter at times until that ends up in circulation. That's just my opinion, though. Cool video, yes the older coinage has been melted like crazy for a long time now. Some years have to be pretty rare now. We just don't know it yet because they have no clue what years they have been melting.
I was lucky and ran into a nice cash in of silver at the bank. Got all of it for face, score! But it is not easy to find even an occasional coin in roll searches anymore. I am holding even at current silver prices. Better to have and not need than to need and not have.
It's a shame melting down such a beautiful coins ,but unfortunately is happening. A lot of people called junk and for me will be always Continental Silver . Last silver coins was put out circulation after the1964 , replaced with clad coins. Continental Silver should be preserve as part of U.S.A history when the money had real value. Nowadays the fiat currency in our hands works only on trust will be accepted for ours daily transactions.
Thanks Daniel. It is out there but yea, 90% getting harder to find since the first bank failure. My LCS has been selling allot of it for 24x face. I dont know where they get it unless it's walkins. Was at a local auction today...the 90% silver didnt go real high but the rounds did. I will say..and I don't know what it is about 40% Kennedy's (I know the video is about 90% and maybe people just dont like them for melt) but I picked up 50 of them for 155.00. Melt for those is 178. I bought those way below melt value.
@@CoinHELPu I've sort of wondered if that was the case. You have more scrap metal in the coin versus Silver and it has to be separated out....and you dont get much.
@@kitnye5729 by the barrels but not just a small amount. My information came from the Jackson refinery. It might be different since covid but he wanted huge quantities of 40% before he melted it before covid.
I never like it when our Constitutional silver was called that. Now the same ones calling it that are scrounging it up! I have known that silver in the form of a 1964 Washington quarter will always be more valuable than it's equal weight in bullion silver.
@@CoinHELPu I guess some premiums are going down a little... Melt is at 18FV... locals are buying at 16 and selling at 20... this may change after last week, will find out Tuesday.
@@gw10758 the locals are under-paying people then. Dealers should be paying melt or over that is what the larger dealers and I pay. Premiums are going up not down.
I'm wondering how the price affects numismatic coins? A run of the mill/cull silver dollar or a silver round is going to have its base value increase or decrease, but does it really impact the better grade/key date or variety coins in any way?
I would like to know this also have put together a complete morgan dollar collection in ms60 or better all date and mints....has taken me 30 years will i be able to retire LOL
There might not be much 90% junk silver in the USA but there's tons around the world. Just about every country in the world at one time or another had silver in their coinage. I just bought a 1963 2 Swiss Franc @ .835 and a 1995 20 ECU Sweden @ .925 so there is plenty of alternatives out there.
I live in Switzerland and swiss silver francs is almost Impossible to get for melt even in Switzerland where i live (have over 1000 swiss francs face value in 835 swiss francs silver). There are serious studies which around 50 percent of all swiss silver francs from 1850-1967/69 are already gone/melted.
Good video. It’s hard to say exactly, a combination of much higher demand, excellent provenance and dwindling supply. I guess the US will have to start making it again soon. 😆
I buy Mercury dimes by the roll whenever I have extra money. Been doing that for 10+ years. Cheapest I can find it right now is 20 * face and that's only because I saved the guy's life.
I think there is still a lot out there It’s in peoples basements, coffee cans, safes, and safe deposit boxes Agree rarely seen in circulation. I’ve gotten some quarters twice as change in past couple years but it had been years before that.
Plenty of world silver that no one seems to want 😁 i collect mainly world silver coins, particularly Mexico, Cuba and all of Europe. Canadian is also fairly cheap compared to American.
My local pawn shop buys silver coins and sends them off to be melted. I ask to buy some and they look at me like I'm crazy. I like silver coins, what's wrong with that?
My constitutional will be the last thing to go my Eagles will go before my constitutional I’ve always felt that way it’s never been junk to me not to mention fractional kind of hard to chop up a silver eagle just my opinion
I've been wanting to purchasing some constitutional silver. Guess I waited too long. Because I'm not paying these crazy prices. Maybe if it goes back down a little.
I HAVENT SEEN ANY OF YOUR VIDEOS POST FOR ABOUT 3 MONTHS ARE THEY SHADOW BANNING YOU I BEEN SUBSCRIBED TO BE ALERTED TO ALL YOUR VIDEOS FOR OVER 3 YEARS.
Something is going on. My low video views prove that, other channels with the same content do much better for other channels and their subscribers gain is double mine. I think it’s that that have memberships and such.
@@CoinHELPu I DONT KNOW WHY I ALWAYS USED TO GET YOUR VIDEOS AND SUDDENLY YOU DROPED OFF THIS WAS THE FIRST VIDEO I HAVE SEEN ROM YOU IN MONTHS YOU MUST BE A REPUBLICAN I BET THAT IS THE ANSEWER
I don't know why but a few years ago I made a commitment it save and store 100 oz. of silver in old coins (junk silver). Was it luck, common sense or something else?
This video confirms what I’ve been feeling and seeing too. Our 40% silver sold out quick and our 90% is going fast.
In the 80's I worked for a major coin shop... and once a week we would deliver scrap silver to a smelter. According to them... every week they had (8) 55 gal drums full of silver coins that they would melt... ( I saw the full drums)... And this went on for years... And this was one location. If 25% of the constitutional is alive today I would be very surprised. I try to get it when I can... today I got quarters.
Spot on . A buddy of mine owned a coin shop when the Hunt brothers ran silver up. I spent many an afternoon with him in his store. He worked alone and was happy to have me in his shop with him. Older folks were steadily bringing in silver coins they had saved over the years in every type of container. He'd spill them in a big tray for a quick check for clad and then dump them on a scale. Some people got mad because they thought they would get paid for each individual coin. As soon as he payed them, everything got dumped into a big drum behind the counter to be sent to the smelter. Being that I collected coins , he'd let me paw through them. I'd pull out nice Barber's that belonged in a coin collection, not a drum going to the melt man. I was shocked at what went to the smelter. Lots of older dates and not all of it worn slick. either. At the time I was young and laid off from my job. I couldn't afford to buy any of it. I asked him , " Why don't you go through this stuff?" He told me he didn't think the mad silver rush would go on for long and didn't have time to go through it. So, we've been through this before. This time around stuff is really going to be cleaned out.
I have been telling everyone I know to buy Junk silver because it will have large premiums in the future especially when cash "fiat" goes away. 90% silver will always be money, and in a cashless situation, 90% silver can still be used. Its beautiful, its fractional, its the most recognized.
As a “vest pocket” coin dealer for the past 25 years, I have bought and sold tens of thousands of face value junk silver. During this time, I always believed that the end of junk must be near. We’ll, it never happened but it could be that this time may be different. Somehow though, I still think millions of ounces are still out there. Hoarders are still hoarding and nearly everyone seems to have at least a small stash tucked away. Time will tell!
Every year that goes by there’s less available. Canadian silver is so rare, I can’t believe how cheap I get it for.
The rewind video you shared at the beginning of this video was one of the first of your videos that hooked me. I have no regrets for subscribing. Keep up the good work.
Thank you, it is appreciated!
You Make This Hobby So Much More Interesting...I Appreciate Your Knowledge
In late January I was buying rolls of Walker halves right at $200 per roll, I just saw prices from my same dealer at $262 per roll....just 2 months time.
My local shop has been quite low on 90% junk lately. Fortunately, there's the bin of foreign coins...I've gotten quite a nice assortment of British, Mexican, German, and a few other types of silver, all at melt (or just a hair over) Much of it is quite old too; I even score the occasional 1 or 2 reale coin with Charles III on the face. I just checked APMEX...I can't believe silver dollar culls are going for $35+. Hang on to your silver and gold, folks...it's real money.
For a long time, you could buy foreign silver for melt easy. Even now, that is getting hard to find. I've got tons of old sterling. British Crowns, Mexican Pesos, I've got some cool French Napolean and German Nazi silver coins. I always thought it cool that some soldiers could have had these coins in their pockets while fighting across Europe, taking on Wellington or Napolean.
I have bought all the junk silver in my area. It’s gone now 😂
In Switzerland where i live a 2 Reichsmark from 1937-1939 is around 10 swiss francs or more and a 5 Reichsmark from 1934-1939 is around 15 swiss francs or more.
Good video Daniel. I still regret not buying rolls at the bank back in 1969.
Up until this morning I was going to take about $30 face value of Barber halves and quarters down to the coin shop near me to sell but I changed my mind and I’m going to hang onto it. I don’t need the cash that bad right now.
I purchased hundreds of silver Washington Quarters from a coin shop perhaps 20-25 years ago for between 85 cents each to $1.05 each, and Walking Liberty Half Dollars for between $1.80 and $2.40 each. I still have most of it. Wow, what a bargain I got buying it way back when.
Great video Daniel, I have kept all of my silver, just hoping some day it would make a comeback. I'm glad now, that I did!
I think you're right on this, there's not enough Junk to go around. Thanks for the video!
It should be illegal to melt our old silver coins!!!!! Its American history that can never be recovered or replaced!
It's happen in other countries too. About 50 percent of all swiss silver coins from 1850-1967/69 are fine/melted.
@@cardaveux dang I just don't understand who would melt our constitutional silver it can't be replaced once it's gone it's gone forever there's only a finite Supply
@@trackpackgt877
I understand it because Switzerland had 835 Silver till end of 60's. People/dealers from Germany, Italie, France, Austria etc. which had lower fine silver like Germany (5 DM in 625 silver or Austria 10 Schilling in 640 silver) or abolished silver coins like France in the mid 60's bought regulary a huge amount of swiss silver coins and melted in France etc. Made a big profit.
@@cardaveux Wow interesting thanks for the info brother 👍 in the US we stopped minting silver coins in 1965 64 being last year for 90% silver only exception being Kennedy half dollars 65-70 were 40% silver but that's a different story. Let me ask you can you still find silver coins in circulation where you're from? It's very rare here to find them but it does happen in my lifetime 36 years old always watching my pocket change I have found a few silver coins people spent but it's so rare
@@trackpackgt877
Coin roll hunting like in the US wouldn't work in Switzerland. It's almost Impossible to find 1/2 franken, 1 franken, 2 franken or 5 franken silver coins in daily circulation or in a roll. Around 4 1/2 years ago i became 2 francs 1967 in silver in a supermarkt as exchange. I was so happy. This was the exception, never happen again till now. You can still find 20 Rappen, 10 rappen (in english cents) for example from 1932, 1924 etc. but it's not silver.
Btw: Did you know Switzerland was the first country with a nickel only coin. It was the 20 rappen from 1881 till 1938. Because of world war two since 1939 the 20 rappen was in copper-nickel not only in nickel.
Thank you sir for the video. I bought a lot of 40% and 90% back in the early 90s. I still have most of it. Hanging on to it and adding to it when possible.
Why would you melt history
I don't have tons of junk silver but the 200 or so ounces I do have is at a DCA of $12.00 per fv. That's 1100 dimes, 42 quarters and 320 Halves. And from the halves I was able to put together 2 full Franklin sets minus a few years I had to search for and pay a premium. Never planned on putting a set together but pulled out the Franklin's one day to see if I could. Fun doing it too. Great video Daniel!
That is how a lot of collectors get into the game... buy a bunch of junk silver and then decide to put some books together.... Good job
I've have only 50 dollar face value in dimes, quarters and half dollars 90 percent. Took me over one year but i live in Switzerland and american junk silver is Not easy and cheap to find where i live.
@@cardaveux look for old UK silver and Canadian silver that may be more easily gotten in your part of the globe.
keep stacking folks
Daniel you hit it right on the head. Great video. Thankful for you brother. Eventually we’ll be iut of it or very costly
Bummer, wish I had found out about silver 3 years ago. I always seem to be missing opportunities. Thanks, u da man!
My thoughts: Daniel, I purchased a roll of Roosevelt Silver Dimes from you 3/15. After reviewing the recent Ebay completed sales, the price has gone up 15% since then, only in 2 weeks!
That's crazy.
I just started legit stacking 3 months ago.
Only an oz or 2 at a time but it's all I can afford. I don't trust it in the bank at all!
I agree, it is only getting more scarce. I like to keep a good bit on hand in the SHTF scenario as it is an excellent source of fractional silver.
Hi kirkmink! I just subscribed to your channel! Nice Channel Icon! 😎
I've been wondering this myself... how much could possibly be left if alot was melted also. I don't believe theirs enough to go around forever so one day it truly reaches premiums and above either way. I've been buying as much as possible as of recently, trying to at least get a few hundred worth in case it decides to go extremely rare also.
That’s why when spot is around $19-22, I make sure to get as much junk silver as possible, not too long ago I was getting BU Franklin rolls for 18x FV. I could sell them now for agreat profit but I’ll be living for another 70 years, I can wait!
Well done video... my local LCS has let me look through his 5 gallon bucket if junk silver that he sends to be melted ... I have got some nice coins...
Thanks again Daniel... well done video!!
Hi Silver Clan! Check out my April GAW! 😎
Had a gentleman in my tiny town ask me for a couple rolls of dimes for his safe. He wanted them NOW and said 25x face. I just traded him out for generic rounds. He just wanted those dimes! Stay safe stack on and Peace from the Sunflower State!!!
Great video As always thank you Daniel 👍
I've been a fan of 90% for several years, wish I had started buying earlier (of course). My LCS (DFW TX) was low on quarters, didn't check dimes, had a pretty good number of halves. Here it's 23x, and I bought $11 FV to round out some tubes, but I'm on pause otherwise. Online sites are showing 27x (when they have it), some even higher.
Prices on constitutional silver have skyrocketed. I haven't been able to find anything cheaper than 26 times face online lately. It's definitely awesome to get, but not the most cost-efficient. You can buy silver rounds and bars, and even foreign coins, for cheaper than 90% silver.
I still buy 90%, specifically Mercury Dimes, but my mentality has shifted. I no longer buy it as an investment in silver, since it's too expensive for that. I buy it simply because I enjoy having it. I have no intention to sell it or to barter with it. So, I think of it as more of a collection. As such, I actually seek out Mercury Dimes that are in VF-XF condition, which are my favorites. I love it when they have that old worn look to them, but at the same time when their condition is very good and you can clearly see all of the details. I actually prefer VF-XF over AU, as I don't want them to have much luster on them. I don't keep them in any flaps or coin holders. I just mix them all together and love that about them, that you don't need to worry about handling them carefully. I buy them in smaller quantities and pay higher premiums for them (usually anywhere from 30-40 times face), and the fact that I'm buying them little by little and spending so much on them will help ensure that I hold on to them down the road, since it would quite a financial loss for me to sell them.
As far as pure stacking goes, I'd go with silver rounds and bars, and also gold. Those are the metals I'd sell if I'd ever have to. But I have no intention on ever selling my 90%. They are much more than silver to me. They are part of American history. People used these coins literally a century ago. They will never be minted again, and so there are fewer and fewer of them each year as more get melted away.
I have made a ballpark estimate that as little as 7% of junk silver still exists. As small as that sounds, 7% is still a billion coins with over 141 million ounces of silver. That being said, the major on line dealers are selling junk for prices that pencil out to over $30 per ounce (=21.5 x FV) . So the question is: Does the finite amount of junk silver out there-whatever the actual amount is-justify premiums similar to Silver Eagles and higher than everything else?
I remember seeing stacks and stacks of common $20 Libs headed to the melt …. Now they are scarce
You can’t go wrong with uncirculated rolls of Roosevelt dimes. 14 silver dimes equals 1 ounce of silver so they’re perfect for use in situations where barter is acceptable. It’s best to get uncirculated rolls of silver coins as the weight should be more accurate as these have not been worn down in circulation. I’d take rolls of uncirculated silver dimes anytime over other 99% silver coins because they are perfect for barter and already broken down into small units of currency.
if silver becomes a medium of exchange, you will be holding your dimes until death do you part. will you really casually give away historical currency that will never be produced again? on the other hand, silver rounds and coins are perishable...
Where do you get uncirculated rolls of silver dimes?
@@ronowens4359 At the uncirculated dime store.
I call it constitutional!! Thanks Daniel great information and video
I think a lot of "junk" silver has been melted down over the years, now whatever amount remains is just a fraction of what it once was, it may become scarce and rare in a few years if you ask me, the kennedy half dollars are getting harder to find in bank boxes, that'll tell you something about silver scarcity.
A Local dealer still sell foreign silver at "junk" such as the Australian shilling coins (0.925 sterling from before 1944) or the 1976 Winter Olympics comemorative Canadian coins ($5 - 10 face value), for example. Some of the foreign coins have a premium over silver while others are valued at "Bv" in the catalog. Another dealer sell the same or similar stuff at 10 or 15% over junk value. So that's one way around it.
It's hard to believe, but those silver 1976 Canadian Winter Olympics coins weren't accepted at face value for amounts over $20 when issued. Probably because they didn't contain enough silver weight.
Do you ever go to the Hilliard Coin Show?
Not anymore. I am less than 2 hours down Rt 23.
@CoinHELPu cool. I'm just getting into coins. I'm in Southeast corner of Columbus and have been learning a ton from Buckeye Coin & Jewelry and from your channel.
I always wondered since the big melt years exactly what is the surviving mintage amounts left of various US .900 silver coins ..it is almost impossible to get a accurate estimate..
Good Evening Daniel!!🍷I have expressed my opinion on melting coins to you before!! IT SUCKS!!!! I HATE IT!!! IT OUGHT TO BE OUTLAWED!!! It is so indicative of what this nation is, a throw away society!!!!!🤬🤬🤬🤬🤬🤬🤬🤬🤬🤬🤬🤬🤬🤬🤬🤬🤬🤬
I call it "junk" silver with reverence. Love my junk.
Not sure about the future of Junk Silver but I love the ones I have. It's such a good gap between coin collecting and silver stacking. I just enjoy having it and will buy again when I find good deals.
I used to always buy junk, but I've switched to graded and stuff from the US mint.
I've been slowly accumulating it for the past year. I also believe that there is far less of it left than many people suspect. It's possible that every piece will someday have a numismatic premium. Besides, it's our history, and some great art as well.
Thank you very much very interesting.
I can make 30x face on roosevelt dimes at the flea market 24x on washington quarters and 60+x face on morgans.
It's sad that a lot of these coins were melted down. Which ones get melted down? The ones in poor condition, and why are they in poor condition? Because they actually lived history and passed through many hands. It reminds me of the Sacajawea dollars, if you find one it is typically uncirculated, but in Ecuador, where they are well used they get worn down.
I got two rolls of quarters for $185 each a month ago. Now the prices are $230. I got lucky!
I like to call old silver coins vintage silver, it's unfortunate that a lot of them have been melted. Hopefully, that won't be happening in the future.
Junk is so scare I'm buying 40% Kennedy halves and 35% war nickels.
im a bit late to this video but i have collected coins for the last 30 years and ill say I've been lucky to always be able to find 90% its just how much I'm willing to pay. I'm truly sad that it got melted but i get it! who knows maybe this stuff will end up as truly being generational wealth like all the stackers say
I bought 1000 dimes, mixture of Roosevelts and Mercurys…for about $1100. Now the company is asking $2900.
Something I don't understand, or I just plain don't know. How can the US coinage be legally melted.
Thanks for the video.
Today is 4/7/23.. Spot price is still $25 plus and APMEX is selling $1000 bags of "junk" silver at $30251. That works out to about $42.31 an ounce. Someone correct me if I'm wrong.
Use SD Bullion APMEX is becoming the new Littleton.
@@CoinHELPu Thanks, I'm getting that idea. Just subscribed. Nice to hear from someone with boots on the ground, so to speak.
Standing liberty and anything barbers are big on collector premiums in good condition. I always put my slicked out coins in a separate stack as they are good too but in its own category. 90% is just as good as .9999 ot
Love junk silver history in your hands
I've gotten most of my Junk Silver from the Local Coin Star where I work at. Since the coin star doesn't recognize the Silver Coins as * Real Money * . the rest I got from my local coin shop dealer. Will Continue to stack Junk Silver until there's none left for Collectors.
Silver is silver to me. I just want to know that it's not fake and not pay too much for it. I buy from Portsmouth Coin and they're the best.
24x times face from my LCS today. They said they are taking in and selling out $1k face per day currently and have plenty of it in stock. Not sure where they are getting that much but it's not scarce in this instance just in high demand. Pacific Northwest.
My video is about junk at melt.
I went to my LCS the last 2 saturdays to look for oddball stuff he might have and to buy supplies - and both times the crowd was nuts...some guy bought $49k worth of gold1 ozt american buffalo coins. i'm not sure it's all about FOMO...unless that includes a level of fear...
bottom line - I'm a little bummed out that I can't go into my LCS like I had been for years - and have a lot of junk silver to buy at a good price and buy ASEs at $3 over spot - and get 5 for $100 - which was my normal purchasing pattern - week in and week out...I was spoiled.
Try to get 90% when a can find a deal, but it has been few and far between since the last price jump.
If this point forward it has a premium over melt, people will stop taking it to the refinery. It will help preserve what is left.
🤔 I’m not sure it was ever junk …lol. And definitely less so everyday. Thanks for sharing.😎👍👍
As a collector it's sad to see silver take off and be horded. It was a fun hobby.
The old constitutional silver is disappearing for sure. It's going to be the silver proof sets and stuff like that we will end up finding in the future in change. We just passed the 30-year mark that they have been making silver sets for modern coins. I feel it's a matter at times until that ends up in circulation. That's just my opinion, though. Cool video, yes the older coinage has been melted like crazy for a long time now. Some years have to be pretty rare now. We just don't know it yet because they have no clue what years they have been melting.
I am stocking up on silver
I just started collecting silver coins!
Thx for your GR8 post🤙🏻😎
Daniel for US mint director!
What about the 90% benjamins?
It's all 90%
I wonder if the melted down silver is used for industrial purposes or recycled into bullion.
I DONT UNDERSTAND WHY YOU WOULD MELT CONST. ANYWAY BECAUSE CONST. IS WORTH MORE THE WAY IT IS THEN MELTING INTO GENERIC SILVER...???
Hi American Eagle Horder! I've subscribed to your channel! Nice video content! 😎
@@LegacyStacker HEY @LEGACY STACKER THANKS! I WILL CHECK OUT YOUR CHANNEL AND SUBSCRIBE AS WELL!!
I was lucky and ran into a nice cash in of silver at the bank. Got all of it for face, score! But it is not easy to find even an occasional coin in roll searches anymore. I am holding even at current silver prices. Better to have and not need than to need and not have.
Hi jppagetoo! I love your channel icon! 😎
I try to find local and regional auctions with coins for sale. Sometimes silver rolls. It's out there but more irregularly.
It's a shame melting down such a beautiful coins ,but unfortunately is happening. A lot of people called junk and for me will be always Continental Silver . Last silver coins was put out circulation after the1964 , replaced with clad coins. Continental Silver should be preserve as part of U.S.A history when the money had real value. Nowadays the fiat currency in our hands works only on trust will be accepted for ours daily transactions.
90% at my LCS has gone to $25x since my last comment 6 days back.
Just wondering do you see any interest in 40% half’s? I would think a lot of them have been melted also.
Thanks Daniel. It is out there but yea, 90% getting harder to find since the first bank failure. My LCS has been selling allot of it for 24x face. I dont know where they get it unless it's walkins. Was at a local auction today...the 90% silver didnt go real high but the rounds did. I will say..and I don't know what it is about 40% Kennedy's (I know the video is about 90% and maybe people just dont like them for melt) but I picked up 50 of them for 155.00. Melt for those is 178. I bought those way below melt value.
You can't get refineries to melt 40%, it's not worth the cost.
@@CoinHELPu I've sort of wondered if that was the case. You have more scrap metal in the coin versus Silver and it has to be separated out....and you dont get much.
@@kitnye5729 by the barrels but not just a small amount. My information came from the Jackson refinery. It might be different since covid but he wanted huge quantities of 40% before he melted it before covid.
I have tons of junk silver, and yes I'm hoarding it. I hoard all of my coins and bullion. I've never sold a single coin, round, or bar!
I never like it when our Constitutional silver was called that. Now the same ones calling it that are scrounging it up! I have known that silver in the form of a 1964 Washington quarter will always be more valuable than it's equal weight in bullion silver.
Still buying for 20x FV locally in Montana... Can still find it for 19.5x FV... Gold is at $20-30 /OZ premium locally
That’s not going to last long unless they’re ripping of the public sellers.
@@CoinHELPu I guess some premiums are going down a little... Melt is at 18FV... locals are buying at 16 and selling at 20... this may change after last week, will find out Tuesday.
@@gw10758 the locals are under-paying people then. Dealers should be paying melt or over that is what the larger dealers and I pay. Premiums are going up not down.
I'm wondering how the price affects numismatic coins? A run of the mill/cull silver dollar or a silver round is going to have its base value increase or decrease, but does it really impact the better grade/key date or variety coins in any way?
I would like to know this also have put together a complete morgan dollar collection in ms60 or better all date and mints....has taken me 30 years will i be able to retire LOL
Collection dumps happen, it's up to coin people to save those coins for future years
There might not be much 90% junk silver in the USA but there's tons around the world. Just about every country in the world at one time or another had silver in their coinage. I just bought a 1963 2 Swiss Franc @ .835 and a 1995 20 ECU Sweden @ .925 so there is plenty of alternatives out there.
been buying it on ebay for the last couple weeks,all different countries all different denominations and its really cool
I am referring to buying at melt.
I live in Switzerland and swiss silver francs is almost Impossible to get for melt even in Switzerland where i live (have over 1000 swiss francs face value in 835 swiss francs silver). There are serious studies which around 50 percent of all swiss silver francs from 1850-1967/69 are already gone/melted.
I’m stuffing away as many silver halves as I can afford.
Good video. It’s hard to say exactly, a combination of much higher demand, excellent provenance and dwindling supply. I guess the US will have to start making it again soon. 😆
Hi Milled Steel! I just subscribed to your channel! Nice video content! 😎
@@LegacyStacker nice thanks, hopefully I’ll get around to making more regular content
@@MilledSteel Check out my April GAW, and enter to win! 😎
I buy Mercury dimes by the roll whenever I have extra money. Been doing that for 10+ years.
Cheapest I can find it right now is 20 * face and that's only because I saved the guy's life.
i invested in junk silver to have fractional silver minted by treasury to spend as cash when we go cashless
We are already as cashless as you can get, going cashless means we will just use credit cards more.
I think there is still a lot out there
It’s in peoples basements, coffee cans, safes, and safe deposit boxes
Agree rarely seen in circulation. I’ve gotten some quarters twice as change in past couple years but it had been years before that.
Not near as much as some people think, a lot more was melted then exists today.
Plenty of world silver that no one seems to want 😁 i collect mainly world silver coins, particularly Mexico, Cuba and all of Europe. Canadian is also fairly cheap compared to American.
Not sure I agree completely. Still pulling out silver in bank rolls, granted not as much as I use to.
This is about buying it as melt but it is more scarce, your sample is small.
Hi orestacker! I just subscribed to your channel! Nice coin roll hunting videos ! 😎
@@LegacyStacker Thanks!
Are some common date junk silver now possible key dates?
My local pawn shop buys silver coins and sends them off to be melted. I ask to buy some and they look at me like I'm crazy. I like silver coins, what's wrong with that?
Ya my pawnshop does the same I always trash there jewelry by offing close to melt
@@darioperez5084 😂
My constitutional will be the last thing to go my Eagles will go before my constitutional I’ve always felt that way it’s never been junk to me not to mention fractional kind of hard to chop up a silver eagle just my opinion
I've been wanting to purchasing some constitutional silver. Guess I waited too long. Because I'm not paying these crazy prices. Maybe if it goes back down a little.
17x face value was an incredible deal. Personally, if you see 19 - 20x face, I'd jump on that. But it may take a while to come down to that again.
In my town a roll of halves is 220 to 240.
And that SD Bullion keeps pushing that silver will be over $100.00 in a few years
Melting Constitutional Silver is a Sin.
I HAVENT SEEN ANY OF YOUR VIDEOS POST FOR ABOUT 3 MONTHS ARE THEY SHADOW BANNING YOU I BEEN SUBSCRIBED TO BE ALERTED TO ALL YOUR VIDEOS FOR OVER 3 YEARS.
A video is put out about every day. Check to see if you are still subscribed.
@@Timothy--vb7rr YES AND HAVE BEEN SO FOR OVER 3 YEARS FOR ALL NOTIFICATIONS
Something is going on. My low video views prove that, other channels with the same content do much better for other channels and their subscribers gain is double mine. I think it’s that that have memberships and such.
@@CoinHELPu I DONT KNOW WHY I ALWAYS USED TO GET YOUR VIDEOS AND SUDDENLY YOU DROPED OFF THIS WAS THE FIRST VIDEO I HAVE SEEN ROM YOU IN MONTHS YOU MUST BE A REPUBLICAN I BET THAT IS THE ANSEWER
My LCSs are almost sold out of 90%
One is at $26 times face, the other is at $22 times face. I loaded up today. Backed up the truck🚚
Thanks Daniel 👍
I don't know why but a few years ago I made a commitment it save and store 100 oz. of silver in old coins (junk silver). Was it luck, common sense or something else?