Junk Silver Will Become Extinct Except For This One Thing!
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- Опубликовано: 16 окт 2024
- Junk silver will continue to become more and more difficult to find as it's being consumed at an alarming rate. The only people who will have it, will be the ones who stack it now.
The Silver Purchase Act of 1946
www.wikipedia.... "End of the Silver Certificates"
www.silverinst...
globalbullions...
"The Great Silver Melt Of 1980"
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All information I present is my personal opinion based on my own experiences and is not considered professional financial advice. When considering investing in physical silver or any other investment, you should seek advice from a licensed professional which I am not
I've got about 700+ ounces of Constitutional Silver, and I intend to keep buying it for as long as I'm stacking. It makes up fully 50% of my overall Silver stack.
Wise and very wise. I like the proportions you are stacking.
All my pre 65 silver coins are uncirculated rolls. I don't mind paying a small premium for pretty coins. And numismatic value enhances the appeal of owning clean coins also.
You are a wise man.
I agree, love uncirculated constitutional. Beautiful coins. Uncirculated Benjis
@@mikenelson7894 I have a lot of 58 through 63 uncirculated rolls of Franklin half's, mostly 55 through 64 dimes and 63, 64 Quarters are easy to find for just a small premium over the spot premium.
Since I was 9yrs old in '84, no silver dime I've had my greedy little mits on has ever escaped my grasp
😎🚬
greed is good; you will do well, my son
Smart kid
Same
I think having a little history lesson for folks who just don't know about it is a great thing. It'll help the new stackers appreciate the history behind 90% and it's great for helping spread the word. Thanks, SJ!
We are saving these coin from getting melted down.
Somewhere on a farm is large cache of silver coin just waiting for us to dig up. 🤣🤣🤣🤣🤣 Good video as usual
i think it is somewhere over, or at the end of a rainbow or gold road or behind a curtain or something, or maybe it's rubies, I;ll have to look it up again. Meanwhile, i am definitely getting one of those tin hats to wear.
Here's a tip for the searchers. If you have access to a house or building built before about 1970. Get a sifter and a shovel and dig up the dirt around the front and back steps or anywhere that people would sit or come and go. You will find a lot of dimes and quarters. Wear gloves because you will also find a lot of broken glass and rusty nails.
Do a lot of metal detecting I will try this around the foundation area since it's hard to detect
@op why would broken glass and nails also be a thing common there?
Because homemade landfills were a common practice up until the 1970s.
Silver Dollars,Walkers,Franklins, Mercury dimes, you can hold and wonder what and where that coin has been. You don't get that with bullion.
I was not too fond of junk silver for a while. Now I'm in love with it. I just came back from my LCS today with 300 dimes.
How much did you pay?
Same here, just started stacking, got a nice base built up and now I'm loving the junk silver lol
@@EndTheFed1933 That's awesome.
@@ronbell3986 $16.75 face
Wow! Way to go man! I want to go to your lcs! The places around here are wanting 18.5 to 20x. Maybe they would mail me some. Im excited for you bro!
You hit it on the nail with this video. Been watching your channel for years. No doubt silver supply is dwindling not only due to destruction and collecting but also due to foreign countries purchasing thousands of tons on a monthly basis. India and China specifically.
I had no idea junk silver was going overseas. Thanks fir the comment.
BRICS is going to wreck the dollar, hyperinflation is on the way thanks to our A$$-backwards foreign policy.
Not so much junk silver but’s getting melted down, turned in to .999 fine billion and sold abroad.
A few years back (2008 - 2014ish.) the bank JPMorgan was the biggest buyer of silver and gold.
China and India are buying loads too cause they’re sick of the US (fiat) petro-dollar, which is the world’s default currency being used as an economic weapon.
Saddam Hussein was gonna start selling oil in Euros as well as Dollars and the US lied about WMD’s and got rid of him.
Gaddafi was wanting to create a gold backed African Union Dinar, which would have also weakened the dollar’s position and he was done away with.
The BRICS and Saudi Arabia are looking at trading (Just oil or internationally I can’t remember.) in gold, which is obviously a threat to US interests and will lead to the US using both hard and soft power in Brazil, South Africa and India and are obviously using more aggressive tactics with Russia and and especially China, ramping up lies about a Cold War 2.0 when the US/West and global economies are too inter-dependent on each other to go to war.
Your vid? I liked and subbed. It's that good. I love the old quarters, halves pre-1915. I was 11 years old in 1958 and remember the merc dimes, buffalo nickels, standing liberty 25c, even some Barber halves occasionally. A kid I knew in the early 1960s said his dad had a complete Merc Dime collection in BU. He was prone to exaggerate so I challenged him on it. He said, "you'll see!" and biked off to his apartment.
The crazy kid came back with a shopping bag hanging off his bike and took out the Merc Dime collection in one of the premium collection books. Unreal! Everything looked gem, no empty spaces. I can't imagine what that would be worth today. Cheers from Syracuse, NY. Bob
Thank you for the Subb, my friend. Very interesting story about the mercs. It would be nice to have that collection right now right?
The Mercury Dime set would sell for $1100 to $1200 in good to fair condition.
@@jt9451I don’t think so. I have had a mercury collection, missing only the. 1916d, 1921&1921mintmarked ,(which were in G4 cond) and a few other dimes that were and still are semi key dates. But otherwise the set would be almost complete. With the new owner looking for the semi key dates and I know that they will have a nice time looking for them.
Most times it is better to have a few missing items in an album, than it is to sell off a complete high grade series. That said that it is fun to hunt down missing coins then to just give it to someone, paid in full and have some problems and have to result into buying one that will take tears to hurt down as an expensive item that can come and go. It is also can of worms to find the missing coins and subsequently losing your job after the crisis is over and you are still going to be fired.
So that is my story and why I refuse to give you any advice or personal information that I knew that it would help you because in the end you will still be fired.
Over the years I had amassed about $1,700 in spare change. Finally I decided to painstakingly go through it all and sort it all by year to aid in the process of trying to see if there are any valuable coins in my collection. Out of all the coins there wasn't the single one from the junk silver era, which kind of goes to show just how locked up constitutional silver is.
I did the same thing with roughly $400 in coins and not one 90% coin in there
I got a 1963 Quarter in change about 5 or 6 years ago.
I started collecting coins as a young kid back in the early 1970's. Even at that time you did not find many in circulation.
@@johnstudd4245 Same. I got interested in the old coins because my mom gave me a bunch that were handed down to her that she had held on to. We had an old coin dealer in our area who would intentionally put a few old coins into circulation in hopes that it would spark interest in old coins by random people. He wouldn't toss out anything of real value - just a few silver dimes, quarters, buffalo nickels, Indian pennies, etc.
I had a water bottle full of coins from over the last 4-5 yrs , ended up with $387.48 and only one 1940 nickle in it all. Figured i'd at least find a couple Roosevelt's , NOPE.
You're right they keep melting it down getting lest of the junk silver around
Always awesome to consider……. In the late 60s and early 70s during gas wars, a gallon could be bought with a quarter. TODAY a gallon STILL can be bought with a silver quarter.
I bought gas in the late 60s at .09 and 11 cents during some of the gas wars.normal was around 30 cents.
Yes- In 1790 a top-quality men's suit cost one ounce of gold. Today, New York's top-quality suitmakers charge almost $2,000.-the price of one ounce of gold.
I remember 19cents a gallon. There were gas wars. We drove from KC to SW Arizona on a $20 bill.
When the price gets High enough, All that 90% will flood back into the market.
When my cousin's dad died in the 1980s I helped them sort his 5 gallon water jug filled with coins. Many coins were 90% silver. It was not too rare in those days to come across 90%. I totally believe the 55 gallon drum story.
I do coin roll hunting and I still find 90%. Granted, definitely more rare now.
isn't your "cousin's dad" an "uncle"? Absolutely none of my business... just curious about the literation of the sentence...
@@joethebassplayer - The father could be a cousin as well. The grandfather would be the uncle in that situation, and the grandson that was referred to is actually a first cousin once removed.
@@OldsVistaCruiser well, is it actually his cousin or a friend? like my mom remarried well into my adulthood. i refer to him as my mom's husband. not even as a stepfather. technically his is, but i will never ever call him a dad, stepdad or otherwise.
All of my 90% is on the market and for sale. For the right price. The first time Silver goes back over $50 their will be way more selling back into the market than we have now. And their will come a day when no amount of currency will trade for any amount of Silver
It can be useful to keep in mind that $1.40 of 90% Silver US coins in any combination (excepting dollars, for some reason) contains one Troy Ounce of pure Silver (and a bonus content of Copper). That means that, if you ever need to barter, bullion silver should trade at $1.40 "hard" per Troy Ounce with these coins. =^[.]^=
If Silvers value remains at the same level in regards to currency. If you ever have to barter it most certainly won't be
@@ricardosmythe2548 I'm talking about face value in coins, not spot price. ='[.]'=
I think it’s $1.20 to an oz
@@Raycheetah the value of the coins in regards to currency is constantly shifting. If you get to the stage where you have to barter the dollar will of had its value smashed.
@@ricardosmythe2548 True, but not pertinent to my original point. ='[.]'=
Some people call it junk. I call it insurance
Great Work. When I find a Mercury dime with my metal detector, I am pumped up. You can never have enough old silver!!! Thank you.
some people are easily amused
When you mentioned it I remember that period--it wasn't just coins--there were lots of stories of newlyweds showing up at salvage centers with incomplete silver flatware services they had been gifted. The meltdown prices had gotten to the point they doubted they would ever complete the dinner service so they were cashing in their wedding gifts. I had completely forgotten about it.
I had read an article about an executive of (I believe) one of the salvage companies. He was at a packed drop off site on a Saturday. This couple comes in with a large box and begins to off load an almost mint condition Art Deco Tiffany silver coffee and tea service. In addition to the core pieces it had all the bells and whistles--slop bowls, sugar tongs, a huge tray. The couple shared the story--it had belonged to an ancestor, obviously wealthy during the '20s but struggled during the depression but kept holding onto this last relic of better times. The modern couple just couldn't see keeping it and now having to insure it.
The article concluded with the guy admitting he bought it off the couple. Although he had a full collection of other silver he couldn't let the Tiffany masterpiece be scrapped.
Thanks for sharing this interesting article.
I like a happy ending. =^[.]^=
The other tragedy was the silver military gallantry medals sold off so the descent could get another case of beer. 😢
Reminds me of when I read about huge bonfires in San Francisco in 1875 and the early 20th Century US where they’d burn opium pipes that were literal works of art made from ivory, silver, wood, bamboo, jade, opal and other precious jewels, stones and metals.
That's good news. So many silver and gold masterpieces have been melted down. In the late '60s, I was riding N.H.'s country roads and saw a roadside flea market and an older lady had 3 tables full of sterling and gold items- it was blinding in the sunlight. She told me her husband was a metals assayer who tested and melted down items for dealers. It broke her heart to see beautiful, unreplaceable things melted down, so her husband said " You should take the best items and sell them at weekend sales, priced just a little over spot price. I still have the few, charming sterling pieces I could afford. She invited me to see what they had in their 1880 mansion- a pair of 5 ft high ornate vases in sterling, a heavily carved sterling tea set w/ tray, a silver punch bowl that must have weighed 25 lbs, whole trays of 22k gold pocket watches, etc. I've never seen anything like it since.
I remember my in-laws telling us how they got a pile of the first American eagles. They were visiting my mother in laws hometown during their two hundred year celebration. They were promoting the eagles by giving an eagle for a fiat dollar one to one. I don't know how many they had, but my mother in law apparently got as many as she could. She also won 10 ounces of gold in a contest another time. My father in law passed away in December. My husband's two brothers are the executors of the will. I'm hoping that they split the precious metals equally and don't sell them or give us the option of taking the metals rather than the fiat. It's unfortunately not up to us.
I just picked up another 15.00 face because the prices are better recently. My goal is to reach 200 face in 90%. I love everything about it as well. It's history that you can hold in your hand.
I really enjoyed the information. I am a fairly new stacker, (less than a year). And I have been grabbing some of these coins every chance I get. I, like yourself enjoy the history behind the coins. And also I agree, maybe not in our lifetime but at the rate it's going sooner or later they will be gone! Great video!
Miss yu, Silver Joker ... and hope you return again.
I peruse many stacker channels for various areas of learning. I enjoy your channel very much. Stack on, marine!
Thanks, Joker! Enjoyed the background on Junk Silver. Can't believe almost everything I touched as a kid was 90% silver! Wish I saved it all...
One thing I can’t get enough of is history. Thank you. Not a fan of fear mongers but love to hear good honest history Learned a lot
That was a very good video with pictures of silver in different forms. I took a bunch of screen shots to share with family/friends and the link to your video. Great job Silver Joker!
SJ my junk silver is like the the junk in the back of my old lady, it is precious to me. I have other types of silver but my junk is valuable to me. Couple yrs ago I started putting some albums together aside from the tubes just to occupy my mind, that and CRH has kept my sanity in the last three years. Good point lots of ppl forget is how much junk was melted including lowly 40%. Thx 🙏
😂😅😆nice!!!
Some of us complain about paying 18 times or more, for junk silver. I think in a year or two, we'll "wish" it was only 18 times! There's a finite amount of junk silver available and too much demand. That equals higher prices.
We're not worthy, we're not worthy. Thanks for your sharing of almost lost history on junk silver!
Just did a quick perusal of some of my favorite online bullion dealers, and Constitutional silver is all but UNATTAINABLE. 90% silver dimes? GONE! 90% silver quarters? GONE! 90% silver halves seem to be the only thing available, and NOT cheap!
The supply of available Constitutional silver is drying up FAST!
Thank you for the education. I could listen to you for hours.
When I worked for the convenience store Wawa back in 2008, I was able to randomly find a junk silver dime or quarter every once in a while. One time had a customer that must of raided their grandfather's collection, she bought a pack of Newport with all constitutional, about 7.50$ at the time, which I exchanged out for dollars soon after. Pr9bably the last time I've seen constitutional in the wild, so 15 years...
Silver Joker - so happy I just stumbled on your video for the first time. Subscribed! You really gave an excellent history lesson, Thanks!
Thanks for the great video . Constitutional silver is such a historic treasure . It’s my favorite silver to stack . I couldn’t get myself to melt it down to me that’s akin to tearing down a beautiful historic building . I don’t care what the melt value is I’d never melt it .But I think as time goes by it will appreciate many times what it is now . Growing up in the sixties to me when I hold it and look at it it takes me back to so many memories .
Just bought my first $10.00 face value of half dollars today. I'm hooked. 🙂
I went to a local coin show this weekend and other than silver dollars, junk silver was almost non-existent.
Good content and good observation. There is an end to the road so stack up while the getting is good! Thanks Joker!
coin collectors die every day and their families bring in collections to cover expenses. I always collect the junk coins.
90% premiums are ridiculous. I have bought some from private owners at more reasonable prices. But lately I just buy .9999 fine silver ounces usually foreign mints but still sovereign coins.
Back in the early to mid 90s I bought a lot of silver coins including a ton of 40% Kenedy halves. I still have most of it. I hear people say to get rid of the 40% stuff, but I am keeping it and actually buying more if it's cheap. Mostly now im buying 10 oz bars and 90%.
I got 4 tubes of 40% while the premiums were high on everything else. Only $60 each. I think a person is hard pressed to find that price right now. Perhaps a coin shop. They will appreciate a long with everything else. Nothing wrong with stacking 40% at the right price.
I agree. These 40% coins are valued according to the silver content, but there's coper in them also which someday will add to the value. One of the arguments is that they take to much room. I don't have any problem storing them. It certainly is a good form of fractional silver.
Great content SJ. I appreciate all your knowledge and I learned a lot. Thanks for your advice. 👍💰
Excellent episode SJ , very interesting , really learned something.
Good info SJ. Keep stacking. Peeeeeeeeeeeace!!!
The premium for 90% silver is already through the roof. The dealers are currently around $17 per ounce in PREMIUM. Significantly higher than Silver Eagles. If you want premium silver, consider silver Eagles.
As he said, it is no longer “junk” silver.
2-3 years ago, yes, I could buy it for less premium than Silver Eagles. And I did, believe me. But today, no way. It won’t be much longer before 90% silver coins will sell at double the premium over Silver Eagles.
I'm a stacker/coin collector living abroad(Sweden) and american coins is one of my favorite areas of collecting and stacking. I come by constitutional silver now and then and always try to lay my hands on it. They are also easy to liquidate since a lot of people like them. Great stacking material and if a better grade a collectors item. We also have our own "constitutional" silver with 80, 60 and 40% silvercontent that one can buy pretty cheap if lucky.
I have a load of Swedish 80% Krona’s.
Great looking and the 2 Krona are exactly double the weight and silver of the 1 Krona.
I’m in England, so British ‘junk silver’/‘constitutional’ silver being sterling 92.5% silver pre-1920 and 50% post-1920 to 1947.
I prefer to get the sterling but it’s so much more expensive than the 50%.
I like to get British Empire/Commonwealth and American the most as they’ll have recognition and the writing will be in English.
I LOVE American history!!!!
While you were talking, I felt sick that so much of this historical coinage was and is being melted down!!!
I do understand people's reason for doing so....But, it really hurts to see all these historical coins coming to an ignominious end.
I'm glad some people are trying to preserve these beautiful coins!!!
Silver joker stays classy! Love the channel my man.
Just a short note: silver certificates were redeemable not in fractional coins ("junk silver"), but in silver dollars. This is because fractional coins, even if also made of 90% silver, they were a token coinage: There are 25g of 900 fine silver in $1 of fractional coins, while 1 silver dollar weighs 26,73 grammes of 900 fine silver. This is why, until the mid 1960s, the treasury held millions of silver dollars in reserve, just in case they had to redeem the silver certificates.
Unfortunately refineries are still melting 90% down!!! It should be illegal to melt our old coins down it's part of our history it can never be replaced or reproduced once it's gone it's gone forever! Great video brother the only way constitutional silver will be available for our children and grandchildren is if us stackers save as much as possible and pass it down with the history that comes with it
Don't forget. The members of the baby boomer generation are now retired, dead, or close to retirement. That silver is now being sold back for living expenses and sold in estate sales. So I think it'll stay available for quite some time. As we know that generation was quite large. The current generations are smaller.
Good catch! I’ve been preaching this for years! As boomers go on their collections will hit the market and devalue some of the older silver dollars and the like!
@@silverhustlin1390 Are you buying this type of silver? I didn't for a long while, as it had higher premiums. Lately those premiums have disintegrated. Now I resumed buying some.
I love constitutional silver, I also am in love with the old classic commemorative half dollars. To think a lot of those beautiful coins have met a horrible death in the bottom of a refinery crucible is sad to think about, like the unsold commemoratives that were melted down after the event hurts to think of. The worst of all is that its still happening today, I think it should be stopped in some form to preserve the history that is being melted, and to allow collectors and stackers to get a chance to save them from being turned into bulk silver.
Agree 1000 % with you.
It is already illegal to melt US coins and sell it for profit. Also their is no need to, "junk" silver is very marketable as is. Dealers sell it by X amount times face value, depending on what the spot price is.
@@johnstudd4245 I thought it was only illegal to melt down currently circulating/legal tender coins and ‘junk silver’ isn’t still used as legal tender cause of the silver content.
Also the US government has melted tonnes and tonnes of 90% junk silver.
@@GazB85 Those coins are still legal tender. You can find them in circulation every now and then. Although you would be foolish to use them in that way. The Govt can melt them, it is their property, they made them. And of course we know that the Govt can do many things legally that we as private citizens cannot do.
@@johnstudd4245 some dealers melt the stuff and purify it on order from a collector. It's real value is in the silver content. Pour it into a bar add on the profit and costs and stick it to em'.
Do you inspect your coins for rare dates, varieties and errors? Some even "junk silver" (P1- AG3 condition) can be worth good money.
Greshams Law, bad money drives out good money
Always enjoy your messages good information
Good video-- almost a public service! I agree with everything you say, including your appreciation for "historic" silver.
We still have plenty of Morgan Silver Dollars and Peace Silver Dollars for sale... only at prices far above the silver value.
I don’t think those are really considered junk silver unless they are in terrible shape
And it's fun to collect! Great content! Thanks!
I love the old silver. My favorite is the Dollars! Then 2nd the mercury dimes. I wish I had more of it, but oh well. Say do you think these Banks failing is going to effect the price of silver to buy it? That's what worries me. Once a while back it became out of reach for me. I had to wait to buy it again. During the lock downs I went to my coin store, and I had to pay $55 for one old Silver dollar and two scrap quarters. UGH I swore never again. But the price came down and now I am trying to save to get a few more before I cant.
Your passion for this industry comes through in all of your videos. Incredible. 👍👊💪❤️🥈
word! nice drop, first time sub, long time stacker, here's the way i think of stacking 90's (and 40's), it is NOT an investment, much the same way, one has to insure their ride, i'm insuring the value of that paper fiat money, into "shiny-shiny"...be blessed, one love...oh ps, the SLQ's spook me, reason, pre-25, the date was up, and got ground down....
I appreciate you making this video and speaking on the real fractional silver that's under the radar in my opinion. Keep stacking
This week I’m going to try and fill a lil void with some 90%.
It’s always good to hear a POV that you might not be considering at the time. I appreciate you Bro.
So, I’ll be checking with a couple of LCS to see what they’re asking.
Thanks. I’ll be watching for your next video. 👊🏽
Silver Joker hope this gets your Attention, what do you think of Canadian Silver ( junk) stack or pass?
I stacked a tube just to have the variety.
@@theenglishprofessor8411 Thank you I sure will.
It’s whatever you want Dawg! I like it even though it’s 80% it’s usually has on the cheap!
Love my constitutional silver! Great information Silver Joker! Keep that train rolling!! Take care, be safe and God bless! Peace!
Junk silver is already becoming hard to find. When I started stacking 15 years ago, it was the cheapest form of silver. Now it has a super high premium.
Love the 90%. Each coin has its own value and it’s getting expensive lol
Thanks for the history lesson SJ! If some of those coins could talk we would definitely hear some good stories! Keep Stacking, Peace!
Talking about silver, I obtained two 1964 Kennedy halves at face value from my local bank today. I saw this and might reconsider not selling anymore. I normally accumulate silver from coin roll hunting and sell it off for fiat.
Junk silver is disappearing from the places I shop online unless you want the expensive ones
In Canada coin silver (80%) is taxable. Buyers prefer 99.9% silver which is largely exempt from sales taxes. Consequently large volumes of coin silver wind up in the refineries along with old flatware and other "scrap" silver.
Your passion is contagious. Thanks for the video. Very informative.
Thank you
Some great points - thanks for the video
The Price of Morgans and Peace Dollars has Increased around 35% In Last 7 Years
I collect 90 percent. Two days ago I got a shipment of 90 percent and there was a 1932 Washington quarter included. I bought 30 face value in that shipment.
Damn that brought down your price! Congratulations
I have a local "WE BUY GOLD" dealer who sells me his "junk" silver for spot !!!! I guess he pays somewhat less than spot.
What state?
@@jonwick4924 For security reasons I will just say Eastern U.S.
Good for you sir 👍
When I asked my LCS what happened to the sterling silver jewelry they had they mentioned they melted it because there was no demand by their customers to buy it. So I asked them why did they buy it from their customers there response was the customers needed money.
Paid $16.00 x Face for 40 Walking Liberty"s yesterday (10 Mar 23).
🤤
The silver coins are shipped to Silver Refiners not mints.
We only melt Cull coins today and we resale the rest.
Awesome video with a lot of information. Thank you. 👍
Oh by the way, every time you call constitutional silver/90% silver, “junk silver” an angel loses its wings. 😢
I bought loads of war nickels for the fractional value. It sounds like my nickels will be the last coins to go extinct. I have the other denominations; too. But love my war nickels.
Summer 1968 US govt was buying in the silver certificates, I think they were paying 1.45-1.65 or so, after a certain date they could no longer be redeemed and resumed their $1 face value. I hold onto my 90%, I like the history of the coins, nostalgia and the look of them as well.
Silver wont go above $30 an ounce. Would you be able to prove that statement false in a court of law? 40 year high inflation, gold going up but yet silver says stagnant. If all that didn’t cause silver to rise, nothing will. Facts are facts my friend.
They minted 1964 quarters i think up until 1968, can't find the article but they had so much extra blanks they didn't refine for who knows why, so many of the 64 quarters weren't made in 1964, but after
That is not true at all they switched to 1965 clad quarters and by Jan of 1965 people were already starting to pull from circulation all the silver.
@@tennesseecoinco 1964 quarters were minted until spring if '66 even though 65 clad quarters were already in circulation. This was to prevent the realization that 90% was being hoarded on a large scale to keep others from jumping on the bandwagon. The massive drain of circulating quarters would have a detrimental effect on commerce so this parallel date/composition minting was authorized. The 64 dated coins are all 90%, the 65 and later were all 0%
@@jedimindtrick8966 We were already pulling 90% better date dollars in 63 would sit and go through the bags of dollars in basement of Third National Bank and just pull CC’s and other better dates until a friend came up with idea lets just borrow the money from the bank and get all 70,000 silver dollars they still had in the vault. I told him saw no future in it so he did it by himself. Two years later common dates were 3.25 each he did very well including one nice 93-S in the mix.
Point is here there was no bags of 90% left in these vaults by January of 1965 none it was all ready drained. One banker himself had bought 4-55 gallon barrels of Silver Dollars his name was CH Butcher many remember him. You still would get a small trickle of 90% from the public all the way to mid 1970’s But no influx of minted coins after late 1964.
@@tennesseecoinco "The Philadelphia Mint produced 258,132,000 silver quarters during 1964 and another 282,388,000 the following year. This number was supplemented by the recently reactivated San Francisco Mint, which struck 15,229,720 during 1965 and 4,640,865 early in 1966, all without a mintmark. These four numbers give us the grand total of 560,390,585 1964(P) quarters found in catalogs. While mintmarks had been suspended for the new clad issues, the Denver Mint continued its distinctive "D" for the silver coins. Of the 704,135,528 quarters dated 1964-D, just 123,801,308 were produced during that year, the greater balance being made in 1965."
"The new Kennedy half dollar was released to an extremely eager, worldwide public on March 24, 1964. This signaled the death knell for the half dollar as a circulating issue because nearly every example was set aside as soon as it left a bank. In a futile effort to keep the coins in commerce, the Philadelphia Mint struck 87,448,004 during 1964, another 144,182,000 the following year and a final 41,674,000 during 1966, all dated 1964(P). Denver contributed 114,411,608 1964-D halves in 1964 and an additional 41,793,838 in 1965."-article on ngccoin dot com
90% is the core of my Supplemental Personal Retirement Pension. I have either bough 28 dimes, 12 Quarters or 6 Half Dollars for every week I worked in my life. I based this off the pension of a Roman Laborer or Soldier during the Roman Republic. This is about 2 ounce of Silver per work week or 4 ounces of Silver per paycheck, no matter what the price is.
When I go to retire in another 20 years, I will have thousands of ounces of 90% to trade back for the coin of the realm.
That sounds like pretty sound strategy my firend
very good coverage on that history, thanks
More and more, junk silver's becoming an advantage for so many reasons
1,4 dollars in junk silver, is in any combo 1 oz of pure silver
A top notch and thorough report! Thank you!
Great video! I enjoyed your history lesson and advise.
I have started stacking 90% and 40% silver for this reason, first of all it has historic value and second of all it looks good in my stack!
My brother and I bought silver for the Hunt brothers. It was amazing how much silver coins and other silver items were bought. We put the coins in thousand dollar bags. We also bought gold. I wish I had it back now...
Damn, please tell me you have a blog or channel explaining what happened?
How did you get involved buying silver for them?
@Gaz I got involved through others. Many people in the USA were part of this buying of silver and silver items. We also bought plenty of gold and paid people for gems out of good rings. It was amazing how much metals could be be bought back then...
@@johnbethea4505 Cool.
So you were buying small stuff on a large scale for them back then?
@@GazB85 yes, sort of. You would have been amazed to see so many old silver coins and other silver items that came out. Plus gold in many forms such as rings, necklaces, bracelets, coins, etc..almost everyone made money. Always busy..
@@johnbethea4505 I’d of loved to just spend time looking at all the coins.
Joker, miss your videos, hope all is well with you and yours, keeeep stackin!!
Awesome video!!!! Validates my own thinking!!!!
Great video! Keep them coming, sir!
Tx for the great video! It is a shame that people are destroying the coins. A law was passed in 1986 against doing this.
I wont sell to dealers: i only will sell to collectors/stackers…
Excellent points. Many mintages were low and there are fewer survivors with each passing year.
back in the 60s my mom started stacking silver at work. She got coins from vending machines at offered paper money in exchange. She got up to about $300 in face value and kept it in a paper bag at home. Then in about '67 or so my parents went on a vacation to the Bahamas for a week. My 2 older brothers lost it all in a poker game. My mom was crushed.
Kids I played games with showed up with their pockets loaded with silver change, I asked "Where did you get that?" They admitted to popping the lock on a suitcase full of coins they found in their basement. Their parent's wise hoarding was frittered away on candy and soda. A case for justified homicide?