It's been years but I put myself through school making silver jewelry. I bought a lot of silver from the LCS. Shot purchased from a jewelry supply company was too expensive but the LCS always had a bin of old sterling silverware and all those "investment" fine silver coins. I didn't care what they were, they were fine silver and sold for the lowest price of any other options as no matter what they originally sold for they had no value other than their silver content. And they could be alloyed down to sterling easy enough and it all cast the same. I've still got about 10 lbs of the stuff somewhere. I bought it after the Hunt brothers crashed the market in the early 80's when it was cheap. I'm retired now and thinking of setting up the workbench again, see if I can still do some silversmithing.
Where I'm at, we use the Silver shot for the rare and elusive Dog Man. Now, the Dog Women, they're so plentiful it's not worth wasting the shot on......
When I first started stacking, I purchased a 4oz gold plated walking liberty silver round… when I went to sell it because I grew to hate it - I was offered way under spot. Reasoning behind this was they had to separate the gold from silver, which is annoying to have to do. Steer clear of anything that is silver with gold plated
I got sucked in to watching coin shows on tv and buying numerous MS69/70 silver coins plus low mintage coin sets (Disney, Godfather and other movie coins) anyway I went to a LCS to try and sell and they would only offer SPOT…which was a ripoff…so I got a friend to sell my collection on eBay and I was lucky to get 75% of my investment back - never again but as I say that all these collectible coins were absolutely beautiful! So now I keep it simple just bullion.
So, okay that is the issue. Buying so called collectable coins off the Internet or TV will always be harder to sell in the short term, because the spot price has not increased to the level where you can sell what you bought it for which is Spot plus that high premium, the dealer on the net or TV was advertising then. It is not that the coin is not attractive, they ALL are attractive but those so called collective coins have a higher premium, which means it should be the last sold in your collection giving more time for the spot price to mover near the price you actually paid for it.
In Switzerland they pay you spot for any coin you sell them, if it is a generic coin, even if it was produced in limited numbers like i.E. the Aussie Lunar coins. If it is stained, they pay you melt value which is even lower.
LCS and bullion dealers are retailers and their whole purpose of existence is TO MAKE MONEY. They don't want to buy your silver merchandise if they can't flip it out the door. Remember in retail, inventory is bad. So when you buy in bulk, always try to cut a deal. It doesn't hurt to haggle.
@@kaynef6637 It would not hurt. The worst they could say is no. Remember YOU are the customer, YOU have the money so YOU have the power. If you notice merchandise sitting on their display for months and you have been considering buying it. Make an offer.
Thing I learned from collecting silver for 10 years, when it comes to sell, only THEM are allowed a profit, not you. They will only pay the spot price no matter it's a round, a coin or a bar. At least that's my experience.
I buy the American Eagles with the funky colored decals at my local bullion dealer for a Dollar over spot. Then, I put them in a saucer and cover them with Goo Be Gone and the decal comes off easily. Now, I have an American Eagle that typically sells at 3 Dollars over Spot.
@@urbugnmetoday3183A lot of painted silver eagles have reduced value because they are painted. However, it might be easier to move the eagles once they’re cleaned. For some people like myself, I prefer an eagle in otherwise good condition over a painted eagle with similar eye appeal. To each his own.
@ they are awful. 99% are gonna rip you a new one. Last month I took a set of silver eagles that were all graded ms69 by pcgs I wanted to see how bad it was. The highest offer was 5% below spot. I went ti 5-6 stores.
I would never go to a coin shop to sell bullion. I use two different bullion dealers where I buy my bullion. I don’t sell bullion, because it’s not an investment, it’s a hedge. But if I ever did, I’d use a good bullion dealer.
@@badinstinctsRUclips-xb3oj. I don’t do p2p sales. On silver or gold. But if I did, I suppose I would use weight, ping testing, or even go as far as acid for gold.
I would also add to that list is 40 percent half dollar Kennedy's, and also kilo bars of silver, both of these are hard to flip. Stay away from both of these.
My experience with coin shops is they are glorified pawn stores. Those greedy guys will rip you off. Keep your silver or barter or find someone who appreciates it.
At my LCS I could get gold at spot minus a couple of bucks for a few weeks. The reason is simply that over that time the guy had a client who was getting rid of his entire stack that he had been accumulating for almost 2 decades,. Because the coin dealer had that coming in he was able to offer better than spot for a short time as he had so much to sell.
I really like the idea of using shot to pour custom bars. I agree with you on SHTF scenario and unique silver products. Painted eagles never made sense to me. Perhaps, someday, those of us with a good set of scales and a decent talent for math will be the future assayers in any grid down catastrophic event? I eventually broke down and got an inexpensive digital scale, but relied on an old Ohaus Dial-a-gram triple beam from the 70's. I bet that one of the sygma gizmos and/or a pinger would come in handy, too. I do understand how an LCS would shy away from certain metal types. Keep up the great work Stateside. Thank you.
The more of these videos I watch the more I love my shop. Fairest old dude I've ever known. I've been down a couple times in life, sold stacks to rebuild. Haven't had to do that in years. More than recovered, but still, hated to do it.
You guys are lucky over in the states , here in Australia they will offer 15-20% of the value then over charge you on the other end . Absolute total rip off merchants . Does $60 AUS for a circulated common date 90% Benji half dollar sound like a good deal ? 😂 . I crap you not , the coin shop directly over the road from Perth mint that’s what they want , and $70 for 1oz silver bullion . That’s $45 US for a silver half 😂 true story
Interesting video and thanks for posting this. I like bullion but I also have a nice collection of silver and gold commemoratives and other collectible coins from the Royal Canadian Mint. Some of these coins are absolutely gorgeous and the artistry would knock your socks off. The Royal Canadian Mint produces some of the finest silver and gold coins in the world and other pure metal coins too, but believe me, the type of commemorative coins bring in top dollar, but they’re only valuable to a collector, so if the collector wants a special coin that’s not in the market anymore, they have to seek out other dealers besides coin shops for these. I would have to be desperate to part with my beautiful commemorative coins to sell them as bullion.
As someone who on occasion makes jewelry, I love shot. It is fun to play with, it looks beautiful, and when I need to mix it with copper for a piece of jewelry I can get the exact amount I need. Buying it though, from a place like Rio Grande, will have a very high premium. So when my LCS had some about a year ago, like 2 ounces worth, I was excited and bought it up.
The painted Eagles are an interesting topic... from what I can understand and well have experimented with these coins... The reason a lot of these are painted is because they were impaired... when you soak the paint off with pure acetone you'll find blemishes on them
I have been a pawn shop owner for the past 4 years since my father passed away and left me his shop. Bullion buying and selling works the same way at pawn shops as it does coin shops, we all pay similar prices. Just like coin shops and pawn shops only pay a percentage for scrap jewelry.
@@StatesideStash sure , but every time I have checked it’s under spot . As you are not a source that most people go to for bouillon. And people selling there may take a lower price . Again no shade on what you do .
Anything bullion to me is perfect and still has nice art ,I don’t get buying a special coin the same weight for a higher price unless it’s limited to like 250 pieces
Wherever currency fails small incraments of medal shine. When medals moon and they will, your LCS will gladly take the beads. History has already proven this fact all round the world. Wymar, Africa, Venesuela same old song. And were headed that direction. Coins are for barter, beads are for cash.
@@StatesideStash sad to say our day is coming as our political class is way too interested in robbing the Treasury and the US taxpayers blind. A great example of that IS Nancy Pelosi.
My LCS won't buy Goldbacks. To anyone who needs to liquidate your Damaged Silver, Goldbacks, or other forms of Gold and Silver, go find a United Precious Metals Association Branch Bank, setup an Account, and put your Gold or Silver in. From there you make a Withdraw into Cash from that Account to the Account you are looking to pay Bills with.
Hey Stateside, I also have that Fellowship of the Ring colorized coin. It was the nicest of 3 choices in the series at the time and I could only buy one. I'm a HUGE fantasy nerd, so it's part of my permanent collection. 👍😎
Always gotta look at the exit plan If you’re buying to never sell, then buy whatever But if you plan on cashing out, then buy what other people are buying
With prices high and retail demand low, dealers see everything as the same with just small added value for some things. All those superman rounds that people bought at sky high prices during the pandemic are just silver to a lot of people. Even the premium on many numismatics has been stripped out because dealers don't like buying at these prices unless they can move it quick. Historically, when the move back down comes, it will happen fast. So, it is a little like playing musical chairs, nobody wants to get caught holding excess inventory.
I’d talk to your local LCS because my Local LCS buys it all . They actually love buying silver shot and all collectibles as long as your prices is close to there’s when it’s something special.
Is it possible that gold shot could be better for bartering than coins due to the high value gold coins usually carry. Also the irregularities could serve someone well for different purchases on demand. Thoughts?
Good shot for bartering wouldn’t be a bad idea but depending on the doomsday scenario where we have to barter how are you going to convince someone the a golden bead is real gold
Just about the only thing im interested in is shot. Because it has an industrial use of fuming for glass. but 1 bead goes along way. If youre fuming you got a torch so anything can be converted to shot in seconds. Just wanted to point out theres a niche where the only thing getting purchased is shot. Whole industry might be worth a couple of ounces.
In my opinion, I think these items could be a great buy at an LCS. I bet you could probably even buy them under spot. A good way to stack more AG for the buck if your primary plan is to just stack AG. Sometimes you can get 40% Kennedy's for under spot. I guess to me silver is silver.
Sterling silver items that just take up space and if the LCS dealer is to busy then they’ll never get time to melt it down. They’re in the business of sales not storage
Just one of the reasons I stick with circulated coins and recognized US/ CAN recognized bars and coins. All the rest are designer stuff with funny images.
Where possible, find your national mint. National mints like the US mint, Canadian mint, Perth mint and the like will be the the buyer and seller of last resort. Also it's best to sell when the price is still rising and there is some "fat" left in price. Right now, even with the big rise in the silver price, the gold / silver ratio is still 80. It's reasonable historically for the ratio to bottom around 30. I will be selling my silver when the ratio gets around 40:1, I will have made a very good profit and the buyer still has some potential dollars to make on the deal. What is the point in holding it forever, missing it's peak value. Every asset has a time it should be sold, including silver and gold.
Silver shot for stacking or investing only makes sense if you are youing to make something with it. for barter, no way. how do I know its 999? 90% coins are the ultimate barter stackables.
@@patrickhenry7416 There is information having "the coin of the realm" is in most demand. Eagles have been expensive so when you think of ounces the cheaper the better. If silver is $100 an ounce it won't be much different whether you sell an eagle or a round. Another outlook is during these financial times of breakdown and new people are turning in their life savings IRAs and 401Ks they only want US Mint coinage. This is where eagles and junk silver come in. People will feel secure with American money.
that definitely makes senses. I figured early on those plated and painted coins were a gimmick. Why plate it? We're talking about buying real precious metals here, just put it in! Good information though. I absolutely love that you have silver shot for vampires. Now let me see some shells you got loaded with it lol
I buy silver mostly in the form of coins. I have just bought my first lot of 1 Oz. Rounds. The coins are from all over the world. Peace love & stardust. TomCat
Of course painted coins will be more expensive. You have to take time and effort (and paint) to make them, there is a cost to that. As for an LCS paying less for them, that is a ripoff. It's still a silver eagle, and contains the same amount of silver. If you really don't like it, a bath in a solvent like acetone or paint thinner will remove the paint completelly. When it comes to collectables, it's all a matter of price. If the premium is too high, just skip them. If you can get for only a small premium over an other type of coin, it can be interesting if you like collecting, of if you want to take a small gamble on them getting higher priced later on. Some coins likes the Marvels series and plenty of others sell for 2 or 3 times the price of silver. Obviously, if you want to do that, you need to sell privately, not to an LCS that will give you spot for everything!
Buying coins and slabbed items are a fool's game. Paying a premium over real market value is plain stupid. Unless you are in love with the "HOBBY" metals are not an investment. You will never get your premium back. The premium is the scam - adding synthetic layers of "value" to the purchase. Investments generate income - metals do not.
Unless you sell them and pocket that profit, its speculative value is meaningless. If the sh!t hits the fan, they'll only be worth spot barter value when you buy bread with them.@StatesideStash
I like Maples a lot, both AU and AG because they are a good compromise in the area discussed in this vid. They are highly recognizable, denominated, and have a lower premium than some others, esp, if catching a sale. I prefer to stay with Eagles, Maples, Krugs, Britts in either metal. I haven't always done that, but looking back, I wish I had. Have too many odd ducks - like a Perth Swan or something like that - but I think they're still sellable. Oh, I hate the buffalo design so you won't see it listed. Just don't like 'em, call me weird.
@@StatesideStash I have found that American Gold Buffalos don't stack very nicely, especially the earliest ones. I'm not sure why, but I don't like them because of it. I still have some though. They are .9999 which is what I stack.
Duri g Apocalypse scenario... which is coming, btw, people will see whats working for trade (just like in Venezuela) and they will learn about precious metals, something they shouldve learned in school system among many ither things
It's not the only well known design worldwide though. Maples & Britannias are elites too. And then those Philharmonics and Krugerrands below the top three.
Shouldn't be looking to sell now anyway. When silver finally takes off people will buy ANYTHING that contains silver. Count on it! FOMO is a powerful force.
Yeah everything they are rejecting now they are going to wish they bought at this price today. I get it that they have only so much capital but just like anything most people only live for today and don't think about tomorrow. They could buy this stuff and just add it to their personal stack.
I've never bought them, but ended up selling 3 of them on different occasions that I found in my change. It was when I was selling something else and I asked if they wanted to buy the war nickel also. I figure I got at least a reasonable price for it and definitely more than face value.
![[#2024MAMA] ROSÉ (로제), Bruno Mars - APT. | Mnet 241122 방송](http://i.ytimg.com/vi/dgGqD28J6aQ/mqdefault.jpg)
"If I wanted to get ripped off, I'd go to a pawn shop"
Amen, brother
🤣
That’s so misleading, haven’t you guys ever ever seen pawn stars? They always give people the best deal possible 😂
Polly want a cracker?
It's been years but I put myself through school making silver jewelry. I bought a lot of silver from the LCS. Shot purchased from a jewelry supply company was too expensive but the LCS always had a bin of old sterling silverware and all those "investment" fine silver coins. I didn't care what they were, they were fine silver and sold for the lowest price of any other options as no matter what they originally sold for they had no value other than their silver content. And they could be alloyed down to sterling easy enough and it all cast the same. I've still got about 10 lbs of the stuff somewhere. I bought it after the Hunt brothers crashed the market in the early 80's when it was cheap. I'm retired now and thinking of setting up the workbench again, see if I can still do some silversmithing.
And I thought Silver Shot was to be loaded into a shotgun to kill vampires !
It’s for werewolves!!!!
@@ScarlettFire341 lol 😂 good one 😆
I’ll buy all the silver shot you people have then I turn it into my Cuban necklaces
No werewolves how many people told you this already I got a check
Where I'm at, we use the Silver shot for the rare and elusive Dog Man. Now, the Dog Women, they're so plentiful it's not worth wasting the shot on......
My LCD buys IT ALL. You may want to start looking for a dealer who does. My LCD buys all .999, 90%, sterling and even plated (by the pound).
I have one who buys everything but the prices are a turn off
When I first started stacking, I purchased a 4oz gold plated walking liberty silver round… when I went to sell it because I grew to hate it - I was offered way under spot. Reasoning behind this was they had to separate the gold from silver, which is annoying to have to do. Steer clear of anything that is silver with gold plated
@@GuNN_Bjorn ouch. Been there brother 😢 painful lesson to learn
I got sucked in to watching coin shows on tv and buying numerous MS69/70 silver coins plus low mintage coin sets (Disney, Godfather and other movie coins) anyway I went to a LCS to try and sell and they would only offer SPOT…which was a ripoff…so I got a friend to sell my collection on eBay and I was lucky to get 75% of my investment back - never again but as I say that all these collectible coins were absolutely beautiful! So now I keep it simple just bullion.
I’ve been there 😢. I know your pain
@@StatesideStash thanks - the coin vault
Was the show I watched and they make all their coins sound like they will be forth alot of money without saying that -
If YOU over pay, doesn't mean the LCS needs to overpay.......
So, okay that is the issue. Buying so called collectable coins off the Internet or TV will always be harder to sell in the short term, because the spot price has not increased to the level where you can sell what you bought it for which is Spot plus that high premium, the dealer on the net or TV was advertising then. It is not that the coin is not attractive, they ALL are attractive but those so called collective coins have a higher premium, which means it should be the last sold in your collection giving more time for the spot price to mover near the price you actually paid for it.
In Switzerland they pay you spot for any coin you sell them, if it is a generic coin, even if it was produced in limited numbers like i.E. the Aussie Lunar coins. If it is stained, they pay you melt value which is even lower.
That’s insane
LCS and bullion dealers are retailers and their whole purpose of existence is TO MAKE MONEY. They don't want to buy your silver merchandise if they can't flip it out the door. Remember in retail, inventory is bad. So when you buy in bulk, always try to cut a deal. It doesn't hurt to haggle.
What about when it’s already a good deal do you think it’s ok to haggle then or would it be lowballing 😂
Great point
@@kaynef6637 Always haggle.
@@kaynef6637 If it's already a good deal,then no need to haggle.
@@kaynef6637 It would not hurt. The worst they could say is no. Remember YOU are the customer, YOU have the money so YOU have the power. If you notice merchandise sitting on their display for months and you have been considering buying it. Make an offer.
Thing I learned from collecting silver for 10 years, when it comes to sell, only THEM are allowed a profit, not you. They will only pay the spot price no matter it's a round, a coin or a bar. At least that's my experience.
That’s pretty rough. I’ve sold rounds at spot but also sold coins $4-$5 over spot. Depends what LCS you go to
I buy the American Eagles with the funky colored decals at my local bullion dealer for a Dollar over spot. Then, I put them in a saucer and cover them with Goo Be Gone and the decal comes off easily. Now, I have an American Eagle that typically sells at 3 Dollars over Spot.
Must sell to an ignorant dealer, chemicals usually decline value to silver
@@urbugnmetoday3183A lot of painted silver eagles have reduced value because they are painted. However, it might be easier to move the eagles once they’re cleaned. For some people like myself, I prefer an eagle in otherwise good condition over a painted eagle with similar eye appeal. To each his own.
2 bucks of goo bee gone gone
@@invisibleriverranch It takes about 10 cents worth max for one. I could probably do it with alcohol for 2 cents each.
Don’t ever sell to coin shops. Selling on online still makes you more than 25% more even after shipping.
LCS is for easy off load low premium. Peer to peer and online is for either big or high premium stuff
where I live we have a vault service that buys gold and silver for very close to spot, if not a bit over for some pieces.
I think people want to sell to shops to get cash under the radar. Instead of check or wire from apmex or whoever. Just something I’ve heard before.
@ they are awful. 99% are gonna rip you a new one. Last month I took a set of silver eagles that were all graded ms69 by pcgs I wanted to see how bad it was. The highest offer was 5% below spot. I went ti 5-6 stores.
I would never go to a coin shop to sell bullion. I use two different bullion dealers where I buy my bullion. I don’t sell bullion, because it’s not an investment, it’s a hedge. But if I ever did, I’d use a good bullion dealer.
Peer to peer sales are the best
@@badinstinctsRUclips-xb3oj. I don’t do p2p sales. On silver or gold. But if I did, I suppose I would use weight, ping testing, or even go as far as acid for gold.
@@badinstinctsRUclips-xb3oj you only need to insure safety for one party
I would also add to that list is 40 percent half dollar Kennedy's, and also kilo bars of silver, both of these are hard to flip. Stay away from both of these.
Absolutely. I did a video on 40% half’s and war nickles
Not saying everyone is the same but my lcs will buy kilo bars all day long.
@@anthonys239 same here. even 100 oz bars $1 back.
I buy painted ASEs when they are with the altered coins and considerably cheaper. I soak them in acetone and the paint comes right off.
yup, done this myself.
Silver shot is also knowen to jewelers /metal smiths as casting grain. A silver smith would probably buy it with no problem.
I’ll keep this in mind!
The LCS sat on the silver shot for years? what is this 1985? They can just put it online and sell it within a week.
@@BobbaDons yeah or cast their own coin or bar to sell for a premium
My experience with coin shops is they are glorified pawn stores. Those greedy guys will rip you off. Keep your silver or barter or find someone who appreciates it.
You’re not wrong. But when you have to off load in a hurry an LCS is useful
@@StatesideStash kinda like a street walker
At my LCS I could get gold at spot minus a couple of bucks for a few weeks. The reason is simply that over that time the guy had a client who was getting rid of his entire stack that he had been accumulating for almost 2 decades,. Because the coin dealer had that coming in he was able to offer better than spot for a short time as he had so much to sell.
I really like the idea of using shot to pour custom bars.
I agree with you on SHTF scenario and unique silver products. Painted eagles never made sense to me.
Perhaps, someday, those of us with a good set of scales and a decent talent for math will be the future assayers in any grid down catastrophic event?
I eventually broke down and got an inexpensive digital scale, but relied on an old Ohaus Dial-a-gram triple beam from the 70's.
I bet that one of the sygma gizmos and/or a pinger would come in handy, too.
I do understand how an LCS would shy away from certain metal types.
Keep up the great work Stateside.
Thank you.
A scale can be useful! Hope you’re doing well brother
Lab grown silver is DIFRENT to natural silver so I can understand why they don't purchase this.
SilverDadKnows here. You’re killing it brother! Keep it up! You’re in your mode
Thank you brotha!
@@StatesideStash have you enabled your super thanks feature? I just got an email and not sure if I should or shouldn’t.
@@SilverDadKnows I have mine enabled
Werewolf ammo is so cool though! 😂
True facts on all this, resale value is key for me. High premiums rarely come back.
Very true. I’m picky about my high premium gold and silver
The more of these videos I watch the more I love my shop. Fairest old dude I've ever known.
I've been down a couple times in life, sold stacks to rebuild.
Haven't had to do that in years.
More than recovered, but still, hated to do it.
Good advice 👍 I think with the collector coins it’s always better to sell privately
100% peer to peer sales is the way to go
You guys are lucky over in the states , here in Australia they will offer 15-20% of the value then over charge you on the other end . Absolute total rip off merchants . Does $60 AUS for a circulated common date 90% Benji half dollar sound like a good deal ? 😂 . I crap you not , the coin shop directly over the road from Perth mint that’s what they want , and $70 for 1oz silver bullion . That’s $45 US for a silver half 😂 true story
😧 well that’s sad! How are they still in business
That’s crazy , should be illegal ❤
Sell online then
Cant you just over seas ship yourself silver?
Start your own business
Interesting video and thanks for posting this. I like bullion but I also have a nice collection of silver and gold commemoratives and other collectible coins from the Royal Canadian Mint. Some of these coins are absolutely gorgeous and the artistry would knock your socks off. The Royal Canadian Mint produces some of the finest silver and gold coins in the world and other pure metal coins too, but believe me, the type of commemorative coins bring in top dollar, but they’re only valuable to a collector, so if the collector wants a special coin that’s not in the market anymore, they have to seek out other dealers besides coin shops for these. I would have to be desperate to part with my beautiful commemorative coins to sell them as bullion.
The shot is used by jewelry makers that cast their own designs.
True but some people still stack it
As someone who on occasion makes jewelry, I love shot. It is fun to play with, it looks beautiful, and when I need to mix it with copper for a piece of jewelry I can get the exact amount I need. Buying it though, from a place like Rio Grande, will have a very high premium. So when my LCS had some about a year ago, like 2 ounces worth, I was excited and bought it up.
Buying it for jewelry makes sense!
A werewolves worst nightmare. Silver shot.😂
Always be prepared!
Price dip but premiums keep the price the same. Been this way since $25
Sad but true
The painted Eagles are an interesting topic... from what I can understand and well have experimented with these coins... The reason a lot of these are painted is because they were impaired... when you soak the paint off with pure acetone you'll find blemishes on them
So they took already damaged eagles and painted them. Interesting
Sry guys, i bought some silver. Im the reason for the dip. 😂😂😂
@@magicman9321 dude we’ve talked about this!!!
@@StatesideStash 🤣🤣🤣🤣🤣🤣🤣🤣
Likewise 😅😅
Me too!
🤔
I have been a pawn shop owner for the past 4 years since my father passed away and left me his shop. Bullion buying and selling works the same way at pawn shops as it does coin shops, we all pay similar prices. Just like coin shops and pawn shops only pay a percentage for scrap jewelry.
Thanks for the info!
@@StatesideStash sure , but every time I have checked it’s under spot . As you are not a source that most people go to for bouillon. And people selling there may take a lower price . Again no shade on what you do .
Always expect spot or lower when selling ANY design or grade.
That is insane my LCS will buy any kind of silver I would find a new shop silver is silver painted or not.
The LCS I’m referring to does very very well for themselves. Just the way they do business
Solid advice when dealing with coin shops. If we have to barter, silver is silver, I think. Atleast for those who know how to rest it.
Exactly!
I don't typically like color coins but that LOtR coin is really cool! I would buy one just to look at.
Anything bullion to me is perfect and still has nice art ,I don’t get buying a special coin the same weight for a higher price unless it’s limited to like 250 pieces
That’s the problem for metals…trying to sell them when you need to.
Got pounds of silver shot back in the day when i was making jewelry for $6 to $8 a ounce. Still have it.
Great deal!
3 months later... where are these silver bars at slacker😂 I would be definitely interested in buying one if you do. Keep the videos coming
Totally AGREE , I can't understand why they paint coins !!
It’s so ugly 😂
@@StatesideStash Me too. Thats like re-painting over a Picasso artwork.
Wherever currency fails small incraments of medal shine. When medals moon and they will, your LCS will gladly take the beads. History has already proven this fact all round the world. Wymar, Africa, Venesuela same old song. And were headed that direction. Coins are for barter, beads are for cash.
Hard to compare us to those places but I see what you’re saying
@@StatesideStash sad to say our day is coming as our political class is way too interested in robbing the Treasury and the US taxpayers blind. A great example of that IS Nancy Pelosi.
My LCS won't buy Goldbacks. To anyone who needs to liquidate your Damaged Silver, Goldbacks, or other forms of Gold and Silver, go find a United Precious Metals Association Branch Bank, setup an Account, and put your Gold or Silver in. From there you make a Withdraw into Cash from that Account to the Account you are looking to pay Bills with.
I have 40 oz of 4 9s fine shot. Lowest premium to buy. And sell. Just saying.
Yesterday I managed to snag 10 dollars face of Franklins for a 5% premium. Now is very much a buyer's market, not really a seller's.
Well said. Gonna pick up more today with these price drops
@StatesideStash holy crap! Just checked the price-maybe I should have waited another day! 🤣
@@tgraymk it’s tanking for some reason
I bought my first silver and gold in 1980. This is the first time I have ever seen silver shot.
That’s kind of surprising!
Large stuff like the 100+ ounces, seems to be an issue for some people too.
Very true!
I have a gold plated half. I use it to make decisions. Heads or tails. Whiskey sour or Margarita, just ask John.
If ur local LCS don’t buy. You can approach DTS or LTX .
Anything over $50 I use great collections. I might get more than selling directly to dealers. Or might get less. But that is a sure sell.
Hey Stateside, I also have that Fellowship of the Ring colorized coin. It was the nicest of 3 choices in the series at the time and I could only buy one. I'm a HUGE fantasy nerd, so it's part of my permanent collection. 👍😎
Isn’t it the coolest?! I love nerding out 🤣
Always gotta look at the exit plan
If you’re buying to never sell, then buy whatever
But if you plan on cashing out, then buy what other people are buying
Well said
I ignorantly bought a terminator round with the eyes painted red. It is a limited edition round I will probably get spot for if I ever sell it.
With prices high and retail demand low, dealers see everything as the same with just small added value for some things. All those superman rounds that people bought at sky high prices during the pandemic are just silver to a lot of people. Even the premium on many numismatics has been stripped out because dealers don't like buying at these prices unless they can move it quick. Historically, when the move back down comes, it will happen fast. So, it is a little like playing musical chairs, nobody wants to get caught holding excess inventory.
I’d talk to your local LCS because my Local LCS buys it all . They actually love buying silver shot and all collectibles as long as your prices is close to there’s when it’s something special.
Is it possible that gold shot could be better for bartering than coins due to the high value gold coins usually carry. Also the irregularities could serve someone well for different purchases on demand. Thoughts?
Good shot for bartering wouldn’t be a bad idea but depending on the doomsday scenario where we have to barter how are you going to convince someone the a golden bead is real gold
Just about the only thing im interested in is shot. Because it has an industrial use of fuming for glass. but 1 bead goes along way. If youre fuming you got a torch so anything can be converted to shot in seconds. Just wanted to point out theres a niche where the only thing getting purchased is shot. Whole industry might be worth a couple of ounces.
Hell I’d just apply some paint remover to get the paint off those dollar rounds.
In my opinion, I think these items could be a great buy at an LCS. I bet you could probably even buy them under spot. A good way to stack more AG for the buck if your primary plan is to just stack AG. Sometimes you can get 40% Kennedy's for under spot. I guess to me silver is silver.
I just can’t bring myself to by 40% kennedys or war nickles
Sterling silver items that just take up space and if the LCS dealer is to busy then they’ll never get time to melt it down. They’re in the business of sales not storage
Just one of the reasons I stick with circulated coins and recognized US/ CAN recognized bars and coins. All the rest are designer stuff with funny images.
Where possible, find your national mint. National mints like the US mint, Canadian mint, Perth mint and the like will be the the buyer and seller of last resort. Also it's best to sell when the price is still rising and there is some "fat" left in price. Right now, even with the big rise in the silver price, the gold / silver ratio is still 80. It's reasonable historically for the ratio to bottom around 30. I will be selling my silver when the ratio gets around 40:1, I will have made a very good profit and the buyer still has some potential dollars to make on the deal. What is the point in holding it forever, missing it's peak value. Every asset has a time it should be sold, including silver and gold.
Silver shot for stacking or investing only makes sense if you are youing to make something with it. for barter, no way. how do I know its 999? 90% coins are the ultimate barter stackables.
Constitutional silver for the win!
Those painted coins, rounds, and bars are for collectors…not stackers
You’d be surprised the amount of people that stack them though
Coin shops not a great business. Margins and carry costs. Higher prices might not benefit you.
Price doesn’t matter, it’s volume…they buy for 4-8% under and sell 4-8% over…
junk 64 usa coins. you'll never go wrong selling. Nobody wants Cher's 1 oz slab
Piles and piles of the stuff at my LCS.
The silver shot?
Silvershot best sold to jeweler that makes their own product. They pay a premium to their wholesalers so better to sell to the end user.
I’ll keep this in mind!
Sell silver on CL for spot. We have people in my area buying it for art projects.
The paint comes off those eagles with acetone real easy
I was thinking the same thing, werewolf shotgun shells.
Coin Shops are nothing more than Gloried Pawn Shops, LOL.
My LCS buys a lot of silver (e.g., silverware) but I would never stack anything but Eagles.
I heavily stacked type 1 eagles for years till the new eagle came out
For these times in the US, yes.
Limiting to just eagles, premiums too high I go with maples and Britannia also…
Why not rounds?
@@patrickhenry7416 There is information having "the coin of the realm" is in most demand. Eagles have been expensive so when you think of ounces the cheaper the better. If silver is $100 an ounce it won't be much different whether you sell an eagle or a round. Another outlook is during these financial times of breakdown and new people are turning in their life savings IRAs and 401Ks they only want US Mint coinage. This is where eagles and junk silver come in. People will feel secure with American money.
Id love to be able to buy some silver or gold shot from my local lcs!
I won’t buy big bars of silver..10oz plus is what I call not for me zone
Interesting. 10oz bars are known and preferred by many people
Acetone takes the paint off without a trace
Just tried to sell my 100 oz Engelhard bar yesterday to my LCS. Nope, not interested. Guess I'm stuck with it.
@@chassisresearchkid I mean, not a bad bar to get stuck with. Better luck in peer to peer sale
Get a new LCS, obviously. B-)
I buy 100 oz bars.
I'm sure APMEX would buy it.
Get ready for a big haircut if you are selling to APMEX.
I will stack anything silver. Broken jewelry sterling Canadian coin us coin if its silver add it to the box
that definitely makes senses. I figured early on those plated and painted coins were a gimmick. Why plate it? We're talking about buying real precious metals here, just put it in!
Good information though. I absolutely love that you have silver shot for vampires. Now let me see some shells you got loaded with it lol
🤣
I buy silver mostly in the form of coins. I have just bought my first lot of 1 Oz. Rounds. The coins are from all over the world. Peace love & stardust. TomCat
I enjoy having atleast one coin from as many countries as I can
Always sell to a goldsmith for spot, that's where your unwanted silver go's,
If I can get more mining selling to them over and LCS I will
I would imagine silver shot being a good bartering option for when shtf.
You’d think so but how are you gonna convince someone it’s silver
Very helpful thank you
Great advice. Thank you....
Of course painted coins will be more expensive. You have to take time and effort (and paint) to make them, there is a cost to that. As for an LCS paying less for them, that is a ripoff. It's still a silver eagle, and contains the same amount of silver. If you really don't like it, a bath in a solvent like acetone or paint thinner will remove the paint completelly. When it comes to collectables, it's all a matter of price. If the premium is too high, just skip them. If you can get for only a small premium over an other type of coin, it can be interesting if you like collecting, of if you want to take a small gamble on them getting higher priced later on. Some coins likes the Marvels series and plenty of others sell for 2 or 3 times the price of silver. Obviously, if you want to do that, you need to sell privately, not to an LCS that will give you spot for everything!
Thanks for watching
Buying coins and slabbed items are a fool's game. Paying a premium over real market value is plain stupid. Unless you are in love with the "HOBBY" metals are not an investment. You will never get your premium back. The premium is the scam - adding synthetic layers of "value" to the purchase. Investments generate income - metals do not.
My slabbed numismatics have done very well in gaining value over their original purchase price sooooo
Unless you sell them and pocket that profit, its speculative value is meaningless. If the sh!t hits the fan, they'll only be worth spot barter value when you buy bread with them.@StatesideStash
Good rule of thumb. If it says Canada on it don't buy it.
@@ArtistBrianSheffield uh suuuuuuure
I like Maples a lot, both AU and AG because they are a good compromise in the area discussed in this vid. They are highly recognizable, denominated, and have a lower premium than some others, esp, if catching a sale. I prefer to stay with Eagles, Maples, Krugs, Britts in either metal. I haven't always done that, but looking back, I wish I had. Have too many odd ducks - like a Perth Swan or something like that - but I think they're still sellable. Oh, I hate the buffalo design so you won't see it listed. Just don't like 'em, call me weird.
Like buffalo rounds or the American gold buffalo
@@StatesideStash I have found that American Gold Buffalos don't stack very nicely, especially the earliest ones. I'm not sure why, but I don't like them because of it. I still have some though. They are .9999 which is what I stack.
Duri g Apocalypse scenario... which is coming, btw, people will see whats working for trade (just like in Venezuela) and they will learn about precious metals, something they shouldve learned in school system among many ither things
I only buy most popular well known-- american silver eagles
Type 1 or type 2 or does it matter?
It's not the only well known design worldwide though. Maples & Britannias are elites too. And then those Philharmonics and Krugerrands below the top three.
I wish you had put where I can see that Inventory of Silver Shot in the Description. I'm looking for Cheap/Undesirable Silver.
LCS are the gatekeepers that push half the market away
There are some LCS that can be a turn off but the majority are solid
silver is silver no matter what form
@@jackiecrouthamel3237 if that was true I could buy eagles at the same price as buffalo rounds
@@StatesideStashyou can
Silver in general is semi precious.
Hello, nice video. Well explained, thank you
Thank you for watching!
Take your silver shot to a jeweler....
Shouldn't be looking to sell now anyway. When silver finally takes off people will buy ANYTHING that contains silver. Count on it! FOMO is a powerful force.
Yeah everything they are rejecting now they are going to wish they bought at this price today. I get it that they have only so much capital but just like anything most people only live for today and don't think about tomorrow. They could buy this stuff and just add it to their personal stack.
Never know, only time will tell
We are at the top of the hill my dude. Especially with gold
Where can i get the patton and napoleon coin??
I would not buy silver nickels again.
Never!
I've never bought them, but ended up selling 3 of them on different occasions that I found in my change. It was when I was selling something else and I asked if they wanted to buy the war nickel also. I figure I got at least a reasonable price for it and definitely more than face value.
Great content as always.
Thanks brother!