Bullion Dealer Reveals WORST Silver to Stack
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- Опубликовано: 26 сен 2024
- In this video I talk to a bullion dealer about the worst type of silver to stack. If you are silver stacking or buying silver then you need to watch this video. Some types of silver coins, silver bars, and silver bullion are better than others when it comes to silver stacking. If you want to invest in silver and get the greatest returns then you need to avoid certain types of silver. I love talking to coins shop owners about silver stacking and the type of silver that are better then others. The worst silver to buy is in stark contrast to the best silver to buy. Some of the types of silver that we cover are war nickels, 40% silver half dollars, Canadian junk silver, and sterling silver. If you want so collect silver or simply have fun with silver then these silver bullion items can be ok. Also if you can pick up these silver stacking items for far below spot then you can do ok as well. Here are some more silver stacking videos below:
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Topics I cover in this video: bullion dealer, worst silver, worst silver to stack, worst silver for silver stacking, silver stacking worst silver, worst silver to buy, best silver to buy, worst silver bars, worst silver coins, worst silver to invest in, war nickels, Canadian junk silver, 40% silver half dollars, sterling silver, silver dealer, silver shop, coin shop, coin dealer, coin store, silver stacking, silver investing, buying silver, coin shop owner, coin dealer, local coin shop, silver coins, silver bars, silver rounds, junk silver, gold coins, silver stack, silver stacker, coin shop video, Harry's coin shop, silver, gold, precious metals, silver, gold, coin, coins
#silver #silverstacking #coin
it makes me happy to see a business that's not trying to take advantage of their customers. It's the kind of thing that makes you want to do business there
Well, you may be right, but... circulated old mixed year silvercoins are safer, easier to buy, sell, and barter, than made to stack coins - if you are not trading with a dealer. And do YOU generally make the money trading with a dealer? It is just a question..
I'm a dealer/LCS and see a lot of profit taking, also see people taking losses because they have to sell in a down market just to pay their bills, payments, taxes, etc.. More sellers than buyers right now!!! @@martina5328
Yeah exactly. This coin shop is trying to justify an unethical practice in the industry. Silver is silver and theres no reason to require higher margins on junk silver considering that margins take into account the refinery costs so all else held equal the margins should be the same for junk and bullion silver. He’s literally saying in the video that he requires higher margins on junk silver because its so hard to refine but the reality is that those costs of refinement are already baked into the margins. Even taking into account the loss on refinement for junk silver, hes making higher margins on the junk because he beats people down to a ridiculously low price
Harry is such a gentleman, always great to hear him talk about coins.
He is a class act. Wish I was local to them, I would be in there weekly!
@@ItsEverythingElse Place a phone order as I have done. The entire crew was very nice, and my shipment came very quickly.
But gets asked the same stupid questions every time by this interviewer.
@@ItsEverythingElse I thought the same thing, but I was surprised to see that his store is 15 minutes away from me
@@peestrem31
Where are they located
The coins with decreaing silver content is exactly what happened to the Roman Empire towards the end. They inflated their curreny into oblivion
The last coins that people actually used to pay with silver were minted in the 70s, over 50 years ago so I am guessing we are waaaaay past that point.
@@BananaMana69 Oh yeah, It's all digital now. Nothing is physical and it's all smoke and mirrors backed by nothing but our consent and future taxation of real wealth of generations to come.
We're on the exact same path in the U.S. No one in my mothers past lived past 70 too my knowledge. Lost my litte sister in 2019 Nov, she was 60. Cancer got her. My oldest past in her sleep in 2023. I am the last and only 2 years too go. Thank God. What a mess we made to hand too our next Generation.
@@edwinlipton take care of yourself, at least enjoy the little things in life like pets and friends!
🏠🤞🏠⛈️😃🍁⚽️🥹👌🙏
Nice to see some discussion of Sterling, most channels never do.
I discussed it on my channel
too bad the margins on the buy for sterling are way more profitable for these stores than the 1-2$ per oz on coins/rounds. they pay 70% for marked jewelry/flatware to sell to a refiner at 90% (really 95% from what ive heard). more specifically, with jewelry, business only pay more for high end brands when many 5-10 gram pieces sell for 30$+ as jewelry. yes, most of what they are saying is true any they have to turn their inventory over quickly, but many dont treat nice stuff like they do numismatics.
My brother in law called me a stacker and then said the coins "didn't do anything," so I started stacking sterling silverware and hollowware. Now I get out the fancy stuff for family get togethers. It's a noble thing to do.
I used to buy flatware but prices are too high now. I bought mine in the 80s and 90s when silver was low. I only bought the art nouveau patterns. I have kept them a long time and now might be a good time to sell my collection off, a little at a time on Ebay.
I grab the sterling/euro silver flatware and holloware at thrift shops and garage sales when its dirt cheap. It gets out of hand with storage, but man alive is it fun to pull it out for the holidays.
It's something about Harry and Adrian that I enjoy to listen to. Two of the most humble men I've ever seen. Wish I had guys like them at my lcs
Well done guys. I have some war nickels and 40% Kennedy's and Eisenhower dollars. I paid below spot for it. I'm definitely going to lay off getting any more. Thanks Silver Dragons 👊
Harry’s honesty is very refreshing!😊
Silver is a joke, they're holding massive amounts so they can manipulate it at will. GOLD BABY
@@Boycott_Wendyslol XRP XLM
They don't need to hold massive amounts or any amount of silver to control the price. It's controlled by a person behind a computer.
I appreciate being able to listen to these guys.
👍
Good morning to Harry, Adrian, and Silver Dragons! Wise advice!
My question is, why would anybody still want to live in Portland?
FentanyL
Anyone living in LA looking for an upgrade.
Yeah, its worse down here.
egads!!
Portland is a beautiful city. I was there yesterday and we stopped by Harry’s Coin shop.
@@charkswitlazersYou ain’t lying. Born and raised So. Cal. I’m glad I moved at the right time in mid 00s.
This is exactly why I don't buy any silver unless it's at least 90%.
Good advice for silver buyers. I would be scared to death to have a coin shop in lawless Portland. That’s gotta be at the top of the hit list in a riot.
I guarantee, they are both "strapped"!
I just visited Harry's on Friday to start building my stack, the staff were very helpful, looking forward to coming back again soon!
So refreshing hearing Harry share his views! 👏👏
Great advice from Harry, thanks
I think a lot of dealers would agree and not be upset.
!This is GREAT STUFF to know!
I agree 100%
Also sounds like the markup on this "junk" is incredible
I’m still gonna keep searching for the 40% and 90% halves. I really enjoy it.
Good for you. Do what makes you happy. I used to collect the Kennedy half dollars.
Silver is silver. And what if you get some that are graded high ?
Harry and Adrian have great insight and knowledge.
Sure wished these guys were closer to where I live. Always good information.
They ship
Kept $105k in CIT Bank HYSA at 5.05% but i now plan to invest in the stock market. What are your thoughts on that? What stocks should I look out for as a newbie to safely grow my money?
It’s best if you buy growth/blue-chip/large caps stocks only. Also, as a newbie it’s advisable you work with a financial coach to help set up a well-structured portfolio.
@@LionTowercoporation I appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
@@LionTowercoporation Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
@@williamsbrown4026 Bots talking to bots.
Learning how to invest in stocks with 6 figures of money on RUclips comments section would be your first mistake. As you can see from the scammer comments
Love the information given on the show
Interesting note: The Franklin mint actually minted coins for some small countries in the Caribbean and south pacific islands.
In Bronze
They did commems in silver and gold as well for Belize for example.@@Cola64
I like canaderp 80% dollars, not for stacking I just like them.
Yeah same. I have a few
I’m Canadian so I buy a lot of Canadian silver currency. Especially love the dollars and 50 cent pieces
When garage sale silver hunting, understand the markings...sterling, 750, 800, 850, 925/1000
I like buying big lots of 925 and melting them down. It's actually what got me back into Coins since childhood, an ex left her grandmothers jewelry and after 3 years of begging her to come get it, I dropped off the most valuable/sentimental things and learned how to melt silver down to convert the jewelry to exchangeable currency in small Coins and bars.
Thank you Harry, Adrian and SilverDragons. I just came across your channel. Excellent information and personal education. God's blessings always for what y'all are doing.
im always impressed by how neat and organized harrys shop is. it seems that the majority of vloggers with a lcs are an absolute disaster. kudos to harry and his staff. heres a question i would like to have harry address. what will he value more, 2 40% jfk half dollars or 1 40% silver ike ?? thanks SD.
I have been to one of the other vlogger's LCS and to be fair, he is a One Man Band who has customers lined up out the door most of the time. I was second in line and the person doing business was buying a lot. So I left to get a drink and I came back to be 5th in line. Lucky for me they allowed me to retain my spot.
I like Harry, so honest
Thank you for this! I'm an ebay seller, & frequently see silver at estate sales & auctions. Figuring out what to put the effort into, & what to avoid, has been a pain in the neck. You literally saved me hours & hours of research w/ this.
Love your videos. I have a few war nickels, but I prefer 90% junk silver dimes. Silver content is higher and they take up less space. Don't get me wrong though, I still save every war nickel I find.
The problem with dimes is that Mercurys are usually very very worn and Rosies look the same as non 90% ones. They are also impossible to ping test.
Franklin halves are my #1 90%.
Carry the current dime to compare the edge. Love dimes. Nice fractional for rounding up. PREPARE.
@@ItsEverythingElseI love the Franklin halves too. Probably my go to in 90%. After all he is my 8th great Uncle.
Found 2 war nickels hunting Loomis bank rolls in December 2023! Keep stackin!
Thumbs up for Harry. Thank you for the advice.
Thank you for sharing your experience and honesty! I’ve had extremely bad experiences with coin shops in past,knowledge is king,again thank you Mr.Harry
Thanks again fellas, I’ve learned so much from you guys, you have kept me from making many mistakes in my stacking journey. I love seeing my stack grow. It’s the best drug there is lol. Plus transferring my money not really spending it. I’m focused on weight but love my Libertads and I did just buy the Charles coronation coin in gold, so I did pay a premium but not to bad at 560 for the British one the Libertad is slabbed and is a 70 ultra cam 2022 I got for 700 flat so not to bad but other than this gs like that sometimes it’s the lowest premium for me but I do stick o coins unless I find a frat deal for gold, silver I’ll buy bars and rounds any day.
Havent ever bought any silver or gold but im truly looking into learning and hopefully start buying.
Your channel not only gives us history but also coin giveaways. I have a budget and this last video shows us how to buy constitutional silver and even a tenth ounce silver bar. Great job!
Great vid as always
Good solid advice.
Adore Harry! Harry ,Adrian and his team are so knowledgable.
Good advice, I only stack 1 oz pure coins that are labeled with the weight and purity (with few exceptions: recent Pandas are only 30g, and early Britannias were 92.5%). I grew up in the coin business, and it was always maddening dealing with an unlabeled coin with some odd fraction of an ounce in it. You had to dig through the massive 5" thick World Coins book to try to find it.
My other advice to new stackers is to lean toward coins over rounds. Often you'll see dealers with rounds and coins for the same price, go for the coins every time. A lot of people find rounds kind of sketchy due to the sometimes unknown origin and higher likelihood of being fake.
No hate here, great topic and 100% correct. Thanks for another .99999 fine video Silver Dragon, Harry and Adrian. Life is good....God Bless
Always learn something in these videos.
As far as war nickels are concerned, as well as any other asset class, perhaps the best time to buy is when an asset is unloved. “Be greedy when others are fearful. Be fearful when others are greedy“ - warren Buffett.
The sterling flatware makes nice ingots! 😉
Nice of Harry to support the other 2 boys taking a snow day...long game baby.
Once you have a set of family silver it's more value to your family history than to sell. Got a set from my grandmothers estate. But it was not high class, as the knives clearly have stainless blades. The silver shows and does oxidize. I can't imagine needing that last loaf of bread and having to give it up though.
Great discussion with Harry. Thank you for capturing the conversation.! I wish I had a dealer like Harry in my town.
All the 99.9% pure silver is great but it tarnishes very easily unlike 99.9% gold which is just soft. There is a good reason for an alloy of 90% silver for practical uses like circulating coins and high end cutlery.
Great video. I had an experience just recently with my brother-in-law, he cash in his coin collection.
Long story short I walk in to the coin shop with my brother-in-law with a box that weighed about 30 pounds with copper pennies, 90% silver coins and a lot of face value Franklin mint and loose change. After appraising everything, he received $800 for all his loose coins, domestic and foreign. Plus a few two dollar bills.
In my pocket, I had his two small gold coins that I was carrying for my brother-in-law. A 1/10 24 karat gold coin and a 1/4 ounce 24 karat gold coin. Gold price that day was about 2100. He was offered $843 for the gold coins. I was just shocked that he received just as much money for the two small gold coins versus about 30 pounds worth of coins that were copper and silver.
I thought to myself, it’s just better to invest in gold. Why Invest in pounds of silver when you can invest in ounces of gold. Which would be easier to store and secure. I’m sure there’s all kinds of pros and cons to this. But what is the real answer.
If you have to barter for food with a $843 gold coin unless the food costs $843 or more, you are going to get your change in currency. Don't want that! Better to pay in full with junk silver and avail getting any change.
All you have to do is listen to Harry and you'll know he's an honest dealer!
I know a dealer that buys sterling all day. He gives X under spot but has no problem weighing it and paying for it. He does not sell it. He sends it all to the refiner.
Would you mind saying who this is and what town he’s in ?
I have a lot of sterling I want to sell . Thanks
My guy is the same. BUT I've shown him an antique sterling dresser set that he said he didn't want because its hollow nature meant less actual silver and that he wanted me to use and enjoy it or at least try an antique dealer first. Looking out for his customer
Love Harry
Harry could easily make silver ASMR vids. Love his voice.
Even though I am new to stacking, I am learning a lot from Harry and this channel
Just purchased gold from lear capital wish I saw your video first as I am new to buying metals. I have subscribed to you to get educated better. Thanks
They are the nicest people
I have been Stacking Plata for years but I still learn a lot from Harry, Adrian and King Richard. And they're honest!
Enjoyed listening as always great advice
Great video! I feel much better about my stacking habits.
Good 40% advice.
For a novice,... genuine honest sound advice
Bought a silverware set for 25 cents at a garage sale. When silver hit $58.00 an ounce sold it to pawn shop for $750
The biggest thing I'll stack is 5 Ounce bars, but most of my Silver stack is 1 oz pieces. Reason for that is it's easier to sell the smaller pieces.
I don't stack much that isn't 999+ pure. I have a mix of Maples, Eagles, Harmonics, Krugerrand's, Britania's, and some rounds and bars. The premiums are a huge deciding factor on what I stack at the time.
I BUY ONE SILVER EAGLE MINT SEALED MONSTER BOX EVERY YEAR. I HAVE OVER 19,000 BU SILVER EAGLES SOVEREIGN COINS. I CAN SELL YEARS DOWN THE ROAD INDIVIDUALLY FOR TRADE OR BARTER ITEMS THE DOLLAR IS SLOWLY DIEING.I WAS BUYING MONSTER BOXES IN THE 80'S FOR LESS THAN 3,000.00 A BOX WHEN SILVER WAS LESS THAN 5.00 A TROY OZ.😊
@@ScottOuellette-p1d Where do you keep it all? How do you protect it?
Ive listened to each video 3 times and have a lil book to take notes in. I always fill like Im taking online training courses!😂🎉
I stack old Junk and generic circles. Can't go wrong.
Great information so honest and up front!
I want to thank you very much. I’ve learned a lot from just a little couple videos of watching you then I have in a long time.
Thanks for information
Boy, I made a lot of staking mistakes in the beginning. Luckily, over time, I've acquired a bit more sense, and you can't go wrong with this type of coin dealer giving sage advice! Great video! Thank you
I have a LOT of 40% half dollars, a guy brought them in to the store my mom worked in at the time. She immediately traded for them, so we got them at face value.
Humble man straight up
80% Canadian Junk Silver is perfectly fine when you live in Canada.
I buy Canadian Silver dollars - George V and VI. For 90%, it’s Peace dollars.
Harry and Adrian braving the elements for gold and silver.
I was impressed that they mentioned "barter", as one of the reasons for stacking, because that is the second most likely thing you will do with your silver!
Great information. Thanks!
This was very informative! I appreciate the honesty. Thanks!
We have my grandparents sterling and my wife's parents sterling. My sister has my parents sterling and asked if I wanted it. I told her to hide it somewhere in the house in the event that things got tough and she would get a few bucks for it. She's holding it.
As for the other stuff, why not the collector just melt it down and skim the silver. There are ways to do this. Sreetips is a channel that processes all kinds of things. Very interesting
My sister got our parent's silverware and was going to sell it to cover her bad life choices...I paid her the then on-line pattern price...$1200 for the 8 place setting pattern set (about 70 pieces.. the dinner knives are almost devoid of silver). I may have overpaid, but she was going to get $600.
They are worth around $2,000 now..
I still have the silverware. .she long ago spent the $1200.
Thank you !
I don't know how this channel popped up for me, but this Harry guy is great!
This was a great video! Learned a lot. Thank you.
No, you got feed missinformation. If you want to make money on silver you do not buy or sell to a dealer. And one way to be sure that you or anyone else is not trading or bartering with anything fake, you stay away from high content "silver" coins made to be stacked. You buy, sell, and barter with circulated mix year old low purity silver coins (or old circulated sterling, mixed years).
@@martina5328 I was actually thinking that before I watched this but I'm not a stacker or buyer just looking into what the strategy should be. Thanks for your incite.
Love your videos, my favorite. Harry and Co. are always must see content.
Been hoarding Metals for years itall adds up....great video t.y. 👍🙏✌️🇺🇲
Always remember to buy the three precious metals; Silver, Gold...and lead!
Thanx guys, you never fail to enlighten me!!
I think it’s a good idea to have as many different types of silver as possible, sterling comes in coins too, I even made a video about it. Sterling has a higher silver content than Constitutional silver! -DS
Maybe this is not the venue to address this but, correct me if I am wrong........in what "preppers call a "" SHTF "" situation (I assume you know what that means) wouldn't circulated constitutional silver such as 90% dimes, quarters, half dollars, silver dollars be the best way to go as "part" of your barter strategy as they are easily recognizable as "money". The average Joe is not going to know a thing about bars.
The problem is that in that situation I would assume that people are not taking currency anymore for some reason. Therefore the fact that it’s “money” wouldn’t mean much unless they knew it was silver. Those that do know it’s silver would probably recognize your common silver bars as well.
@@perrin008 Yes, if it's not plated tungsten and who is going to have time to drill it or acid test it in a SHTF situation. RE: Not taking currency anymore......that would be paper bills. Not silver coins.
"below 80% has a lot of waste"
"This 80% and worse thise 50%"
"I personally stack 80%"
I appreciate you're pointing out that buying and reselling at a lost, but what the heck man.
Very useful info. Practical and honest. Appreciate you guys!!!
Always an honest assessment of the silver market.
Thanks for the education
Great info like this is gone help people stacking silver coins. I feel gratitude thanks Harry
I have long collected silver and I totally agree with this. Sure I keep 40% silver halves and warnickles but i do not value them at melt. I have 25 or 30 pounds of sterling flatware , tea sets, cups, saucers but i only value them at weight times 70% of spot.. or a discount on melt of around 20%.
I like junk silver.
Always a good vid.
Thanks.
Good advice not only what to buy but also what not to buy
As a Canadian i have a lot of 80% silver, most of it bought expensive like 20xFV or even 21xFV, ill even buy 1967 coins as if they are 65% silver, but i also coin roll hunt dimes once a week ive probably gotten about 300 silver dimes for $0.10 each which is awesome
Wow. We are paying 13-15x face for Canadian 80 % here in NY.
Canadian coins can be beautiful! But didn't you guys just get rid of the penny??!?!
@@Baddie_you.a.trackstar we got rid of the Penny in 2012
I wonder how many bubbles Harry popped when he talked about war nickels and 40% Kennedy half dollars. Those are for sure the red-headed step children in the stacking world. Also, in my experience when silver prices spike refiners tend to be very busy and they simply won't take 35% or 40%. They're going to be busy enough with silver of much higher purity and anything lower just isn't worth their time.
Well, try to sell your coins to a anyone who is not a dealer, and see what coins they trust. Circulated mixed year low silver content coins. Or high value, non circulated, created with the purpose to stack them? Which coins are more likely to be fake?
Excellent video giving me a better education of silver products
I understand what he is saying about dealers buying silver , but for the layman , $10 of 80% Canadian coins is an even 6 ounces of silver which is by far the easiest coin for a layman to understand.
The ONLY videos I watch on this channel are at Harry’s coin shop!!!
Very relevant information for current buyers of silver. Iv'e been buying and selling from back when the Hunt brothers tried to corner the silver market back in 1980. Even back then prices for war nick's, 40% and Canadian were well below 90% US when selling!
I love watching this channel, 🤙🏾 much respect to these guys and the channel 💎😌
1:52 p.m. very informative episode!
Great advice. Thanks.