Is JUNK SILVER Worth It in 2024?
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- Опубліковано 26 вер 2024
- In this video I talk about junk silver in 2024 and if it is still worth it to be stacking junk silver. If you are wondering what junk silver is then this is the video for you. Junk silver is US Mint half dollars, quarters, and dimes that are from 1964 or older. $1 Face Value (circulated) of junk silver = .715 Troy Ounces and $1.40 Face Value = about 1 Troy Ounce. Junk silver coins are not being minted anymore and can be in high demand. Currently junk silver coins have relatively low premiums although they still may be higher than that of generic bullion. Premiums on junk silver coins were much higher after covid but have gone down recently. I think that it is wise to be stacking junk silver because it can be used for barter. My favorite type of junk silver is the mercury dime. Check out my Mercury dime search below:
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Topics I cover in this video: junk silver, what is junk silver, buy junk silver, why buy junk silver, silver stacking junk silver, junk silver coins, silver stacking, silver investing, junk silver buying guide, junk silver unboxing, junk silver stack, junk silver face value, junk silver vs bullion, junk silver quarters, junk silver bag, junk silver investing, junk silver dimes, junk silver price, best junk silver, best junk silver to buy, best place to buy junk silver, buying junk silver, buying junk silver coins, guide to buying junk silver, stacking, silver investing, silver price, silver's price, price of silver, buy silver, silver news, silver stacker, silver stack, invest in silver, silver coin, silver coins, silver bar, silver bars, silver bullion, physical silver
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I love junk silver. When I was a young kid I loved the silver half dollars. One of them would buy a coke, three big candy bars and I would have a silver quarter left over. I felt like I had a lot of wealth just to have them in my hands. Great memories
What do you have now? Diabetes ??? Great trade off ahhh our great decisions. Sorry was only joking and I hope you don't have that but, laughter helps once in a while.
@@mikeellison3254 Back in the 60s, I don't remember having that much candy. Now I have senility. lol. I know I never had a Merc dime. I wouldn't buy junk silver. Outrageous premiums.
Im a cashier, a 1964 kennedy half dollar started my entire collection. 👍👍👍👍
Good find!
My grandfather had a safe that no one could get into after he passed away. My father finally got it open and there are rolls of dimes sorted by years. From the mid 40s to 50s
be your grandfather for this generation
I'm thinking about continuing where he left off. Which could be a huge challenge
How much?
@@VegasStacker702 how much face value in total just curious, seems your grandfather is a very wise man for not buying proof sets, and setting eye on the already valuable real currency.
Wise men!
Junk silver pulls my heart strings
I buy junk dimes and generic rounds, I have bought 100 oz bars when there was little to no premium.
I love me some junk silver 💪🏽🔥🐉
That’s the best way to do it. Faster for the seller to verify it its real or not.
No such thing as junk. Gotta stop calling it that.
@@dronetestdaegan I think so too.
In the 1960s and 70s my parents owned 2 laundries as their second source of income. We would go every Wednesday and Sunday nights to
"rob" the machines and clean everything. Washers and dryers took quarters and dispensers took dimes. My father taught me about silver coins and my pay for rolling all of the coins was to keep the silver. At age 68, I still have every quarter and dime I earned for rolling probably thousands of coins.
incredible
Hey SD, I still have heartburn with constitutional silver. 90% coins (junk silver) should be sold at no more than spot. I can, we can, they can say the coins aren't being minted anymore which is a valid argument. But, beware, your LCS will give you less than spot for it. So buy as close to spot as possible and hold on to it for long term. Happy Stacking all.
I feel the same way I have never felt the urge to buy any junk silver except for a half a dozen Morgan's and Peace dollars because I got them at damn near spot.
$20 times is my limit-did buy at $24 times from harry's during the "those days" just to fill some tubes-but i'll pay 2 bucks for a constitutional dime any day just in case-just me-
Dont buy junk for silver weight, buy it because its fractional and the biggest reason is when silver jumps in price, you have something in hand for barter. No farmer will make change for your 1oz
I love the history in old silver coins and I find the old designs more appealing
yeah I love the SLQ that’s my fav 🔥🐉
I honestly think the prices will just keep climbing over the years
I would hope so.
I could see it! 🔥🐉
Climbing what? Nothing significant has happened. Junk silver. Is Junk
I hear you but folks been saying that for years.
They will
When I was a kid, I had about $400 face value of silver coins from my paper route that I sold for double face value back in the 70s. I thought, I ripped the guy off so bad at the time!
My paper route started me on collecting coins. I loved getting wheat pennies and silver coins when I made collections. I wish I would have bought some gold back then.
I just found 58.25 face in quarters hunting quarter rolls this past weekend. stumbled into a collection dump. I was absolutely beside myself, lol. Excellent addition to my stack.
What? Insane!!!
Wow, that's like $1750 in Silver.
I think I'd be pretty excited, too.
Congrats.
Absolutely it is. Coolest and cheapest way for fractional silver. I only have a roll of silver dimes and quarters, plus a few oz of etcs. But its one of the coolest forms. Its real treasure.
it is the best way to stack fractional silver! 🔥🐉
I call the copper clad stuff junk. But the 90% is constitutional
great analogy-never could figure out how to say it but you sure did
I call the clad coins UNconstitutional coins.
That's a great way to put it. I call it constitutional too.
Love me some Mercury dimes.
A couple years back I picked up about $36-37 of silver quarters. They were in a canvas bag at an estate sale and priced at face value. Still have them.
I have over 1000 ounces of junk silver and plan on buying more for sure always buy on the LOW DIP PRICE!!
I just bought 50 Franklins and Kennedys this morning.
I grew up in the 1960's. Just think back at all of the opportunities for stacking back then. Well at 5,6,7 years old I was not thinking of such things. The money went into the cheap metal safe that every kid had. When you had enough, you put it in rolls and traded it for paper. When I got 500 bucks of birthday money, I deposited it all and got my 1964 D five coin mint SMS set. Yes they used to give you a choice of gifts for opening or adding to your saving account. I still have that set. It is just beautiful without a nick or mark on any of the coins. They came in the Whitman plastic hard case of course. The quarter looks like a cameo PR70.
A friend's dad gave me a 1922 Peace Dollar when I was a kid and it is what got me into collecting. I love junk silver and think it's great to collect and stack.
Second story. I was a the credit union changing out coins for cash. I'm friendly with the teller and we were talking about constitution silver. She made sure I understood before I cashed in. (I do).
She told me about an elderly lady who came in to cash coins from years ago. The machine wasn't taking it. The teller told her about the silver content and to see a coin shop to cash it in. Neither she or I ever found out how that turned out. I hope the old lady was able to get a lot more for the coins than what she thought.
Excellent video Silver Dragon!
thank you so much! 🔥🐉
Junk silver is always "worth it" in my opinion, if only as a last ditch barter item
true that! 🔥🐉
I can't say if you should be buying Constitutional, but I should be. And I am.
smart man 👊🏽🔥🐉
Hey Brother,
Love junk, constitutional, 90% silver by far has the most history of any American silver. God bless you and yours as always.
I like the junk because it can be kept in a trunk. No need for tubes or cases. Just throw is in a tin or some empty vases. It's already dirty, it's already scratched. There ain't no need for keeping it wrapped. So go on and buy some and then buy some more. Buy it 'til you need extra support for the floor. A gallon of gas was twenty-five cents in '73 and junk a silver quarter buys a gallon today if you please.🙂
Fantastic! 😃
When all is said and done...Silver is Silver.
I pick up US junk silver when I travel to Michigan. Pro tip to my fellow Canadians. Junk US silver is a lot cheaper in the US then Canada BUT when you cross back into Canada you are supposed to pay tax on it for importing collectable items. I just mix them into the change in my cup holder, pocket and never say anything
Nice
I'm working on 3 guardhouse boxes. My halves is full, my dimes is 2/3 full and my quarters are slightly over half full. So, yes I'm buying 90% silver...I have 50 dimes coming in the mail tomorrow.
I inherited coins from my family. We’ve lived on the same land for around two centuries and in the northeast for four centuries. I ended up with a dusty old bag of coins. My family kept cash and coin on hand for the lean times. I a bunch of constitutional silver. Some of it pretty old. Along with pennies and Large cents. I had a grungy piece of copper that I thought someone threw in from an old piece of machinery or something. Got to looking at it and realized it had something unintelligible on it. I cleaned it according to sources and discovered an 1803 Large Cent underneath the grime. I’ve been stacking silver and gold of my own for a bit, but never got the Constitutional Coinage bug until I inherited these. Have been mulling collecting some more. I like it for the historical and numismatic value more, I think. It’s just really cool to hold history in your hand. I’m not sold on the bartering idea. I stack the bullion for savings and it’s turned into a decent investment. Now I have the coin bug. Thanks for your videos. I’ve learned a lot.
I love to hear someone still call it JUNK silver!
I got a roll of dimes in the mail today. I buy a roll of something about once a week. (....usually dimes)
When the bottom drops out (not 'IF' but 'WHEN') I'll have small pieces to buy food and reloading materials with, not having to worry about change.
right on brother or sister pb with a cu jacket is precious metals too
When I was a kid while camping on an island on the St. Croix river I was digging for "treasure" with a stick in the mud and I found a 1943 D mercury dime. That is probably one reason mercury dimes are my favorite junk silver.
SD, absolutely LOVE EVERTY VIDEO YOU'VE DONE!!!!!! I'm at about 50 ounces of silver and 3 ounces of gold since 04/24 when I started "stacking" and no stopping now!!! (05/24 now!) AND I loved your video about the 30 dollar per ounce silver from earlier today!!! Sent that link to my 85 y/o Aunt in GA. Shes already a multi-millionaire and she and I have been working out selling bunches of silver for her. Awesome time!!!!!!
The answer is yes. It's already hard to find at a reasonable price. I love the history and thinking of all the places the coins may have been and what they were used for.
I just did a coin roll hunt and found over 29.25 Troy ounces of mercury dimes Im still excited
just wanted to say i found 10 face in mercs for under 200 bucks! i was really happy to find that haha they were even still in the old bank rolls and in amazing condition! i couldnt beleive how lucky i got! i put them into some nicer tubes to keep them safe and from tarnishing but i did save the rolls that way i could put them back in their original bank roll if i ever sold or display them
That is awesome!
I am just getting into stacking silver snd was so happy to find your channel. I live in the Portland area myself and used to work in the same plaza where Harry’s Coins is located, small world. Keep up the great work on your podcast.
What a great back-to-baasics introduction to the topic. You covered everything except for the "clink." sound. I will recommend this to the young 'uns.
I love 90%
I like how junk silver has a less fragile feeling plus you get it in bulk. So playing with it, hearing it clink together is a great feeling.
Love junk silver because of the history mostly! Watch some of the old TV shows like Leave it to Beaver when he's "jingling" around coins in his pocket in 1962! Wonder how many of my junk silver coins he spent! Anyhow, I CRH $6700 a week in halves, quarters and dimes and continue to find silver coins every week. This week I found a 1941 Walker, a 1942 and 1964 quarter as well as 7 silver Roosevelt dimes. Love my junk silver! Saving it all to take with me when I expire to the heavens!
Well I've considered other fractional silver rounds like from Local Silver Mint, but 90% overall is a much better buy at this time. I've seen it offered as low as $0.75 over spot at Minot Coin & Bullion.
Thanks for the educational videos. I have now started stacking and have a long way to go. Started with 10 1 oz bars, 10 10oz bars and 10 grams of gold. Working to get more every month. Keep up the great work.
First stackers say gold and silver is a long term accumulation, then the next video asks is it worth it in the next video. And tell me who can’t recognize 90% silver coins. On a positive note love your videos keep up the good work. Subbed and liked
Definitely easy to liquidate when needed
true that! 🔥🐉
Two constitutional junk silver videos in one day I love it it's my favorite
Type 1 standing liberty quarter for the win!
yeah lol it does have an uplifting obverse 🔥🐉
It's good to have some wear on the coins as they appear authentic and not counterfeits when bartering.
definitely stacking "junk" silver
Love junk silvet ♥️♥️♥️
Thank You!!!
🙏🙏🙏
It’s always worth it. It should be a critical part of anyone’s stack IMHO. Thanks SD!
I like junk silver too. So far this year, I've been adding mostly sovereign silver from a few mints. I've also bought some collectible silver, paid far more than the silver content, but it's worth it to me. The latest thing I bought is a 10 ozt Una and the Lion bar. I can't wait to see it in hand.
yeah those bars are so cool 🔥🐉
I am new to silvers, rounds, pours, coins etc and this was such a helpful video. Thank you.
I got extremely lucky yesterday and got 80 Washington quarters for mere pennies per quarter above spot. Definitely a good thing to jump on if the price is right and you have the storage space
my favorite and 90% of my stack is constitutional. the history in the coins is awesome in my opinion and and the small denominations are awesome if youre bartering. plus as you said, its a limited amount of it out there and when its a popular season for it, the spread becomes crazy and you gain a great premium if you decide to sell. i love them too...i cant get emough of the merc dimes and the barber halves...prob my 2 favorites other than the 19th century confederate struck coins. those are more into numismatic and less stacker friendly though unfortunately
Picked up 3 Morgans and 12 1964 Kennedy halves for 105 bucks the other day. What a snag
Thank you so much for the advice, you are the best at what you do!
My LCS's are all charging $24 face. Pass. There's a big coin show coming up, so I'll save my money until then and see if I can get some 90% for a decent price for once.
Smart move.
wow brutal yeah maybe even try shopping online 🔥🐉
That's crazy I just bought some last week at my last for 18× face
Update- I picked some up for $21/face at that coin show, even with the recent price spike. 👍Also a 1921 Morgan dollar in decent shape.
I love junk silver I was thinking of stacking the standing liberty quarters. Because in an SHTF a standing liberty quarter would be safer because it’s 90% silver and there’s no doubt that it’s clad
I bought 800 nice 90% Kennedy and Franklin halves on Monday for only $8,800 (3% over Spot), which takes me up to 1,785 ozs, and I'll be buying A LOT more every
month until the end of this year.
Thank you SD. I can always use more junk to throw in my trunk!😅
Still buying dimes, quarters, and halves from my dealer at 18X. Pretty happy with that.
Clear tubes… Good advice!
Hello! I have a junk silver Russian Empire, one rubles Nikolaj2 and Alexander3. I like it. It is history! Thanks for your video!
There is also junk silver in Australia; pre decimal currency in 1966. Exception to this rule was the first and only round 50 cent piece was 80% silver. Pre 1946 silver coins were 92.5% silver while post 1946 were 50%.
When I was a kid, a silver quarter bought elementary school lunch plus carton of milk (there were no free or reduced lunches back then) and dessert--an orange dreamsickle, was a nickel. and a silver dime bought 2 Hershey bars after school at the candy store! Hamburgers at McDonalds? A dime and a nickel. Ah, the 1950's...
Of course!! Constitutional silver is sexy!
i'm 65 now-i still remember at about age four my mom showed me about a half a fruitcake can of dimes quarters and halves she was saving "stacking nowadays" and explaining the value of silver-i was intrigued then and now after 60 years am again-all her coins were stolen when i was in my teens-every time i buy constitutional i wonder if i'm buying some of mom's coins back-i hope so no matter the price-thanks mom and thank you silver dragons for very informative constitutional video and memories associated
Type 1 SLQ reverse is my favorite. Absolutely beautiful coin…
I like junk silver for barter purposes. Mercury dimes are my go to but I also do liberty 1/2's
$19 on face here lately
Just started buying constitutional and will continue. Between 3 local LCS's I ended up with a little bit of everything. Love it because it's so dam recognizable. The math is simple also.
Excellent report 💯
Good job thank
stack it , not making anymore... 1000 years from now they will be in the fall of America shows, worth alot too. leaving all mine to find with a hard treasure map
pro tip, if you like using the canvas bags like i do, and you dont want to write on or mark up the bag, you can just use a cool rope with a tag on it showing your face amount. that way when it changes, you can just replace the paper tag rather than having a grafitti bag haha
great idea! 🔥🐉
I love and seek out constitutional silver
These coins are real silver change, which was once used as money. The newly minted coins and bars have never been used as money.
Sure, junk is fine to buy. I'm currently buying it, more for diversity purposes than anything else. The premiums are a bit higher than if you were to go with bigger bars, but it keeps things interesting.
Not only is it worth buying junk silver but its the ONLY silver i buy now. I like how not only
Is it 90% silver but they also have some collectible value along with it being legal tender and they dont make them anymore and they will still hold their value for small barter if the dollar collapses and we go into a crisis. Theres literally absolutely no reason to NOT own junk silver.
I don’t know if I’d buy it, however I sure try to find it!!
Great content
Outrageous premiums! Yeah, I know the shops need to run a business.
I like “90% silver” because it’s the opposite of junk!
❤ silver is awesome
Buy buy buy!
Constitutional is always worth it. Been stacking it for years and continue to do so.
I prefer Mercs and Franklin's myself and have always wondered how much has survived to this day ?
Great information. I'm in much agreement including junk silver and dimes!
Junk silver is my favorite silver to stack.
Junk is the best you can buy.
Divisible, protected by counterfeiting laws, recognizable, possible error coins, rare dates getting more rare, and low premiums when buying and high premiums when selling.
I don't buy it because it's usually overpriced unless it's in a shop, but I don't have any shops that are close by, so I only get to go to them on rare occasions.
That's an impressive collection 😮!
Great channel. Love 90% silver. I do need to add dimes to my mix. 😎✌🏼🇺🇸🤑🤑🤑
I love Constitutional. You have to watch some of these companies selling it. I bought 4 rolls of Quarters from a reputable national dealer that I won't name. Out of the 4 rolls I ended up with about 3/4 of a roll, mostly standing Liberty quarters with a couple Washingtons, had lost .75 gram of original weight or more. There was one Washington quarter that was 1.7 grams light believe it or not. I assume it was dipped in acid for a while then pulled out, it was a very thin, rough looking quarter. I was new at stacking and it didn't really dawn on me the significance of that at time or I would have said something about it to them. After I did the math it ended up being something like 24 grams of silver, not 24 grams total, but 24 grams of silver. Just watch out when you buy constitutional, acceptable wear is one thing but don't accept horribly light junk.
If I was not American, Silver Dragons, i would not know American junk coins were 90% silver. Say if I was an alien from another planet because the weight of the silver are not on the coins.
I stopped buying .999 for about 2 years now but not 80-90%. I see that premiums have dipped a great deal so I rest easy in my decision to walk away as those that bought eagles with 80-90% premium are so stuck with a loss. My junk silver is stored away and will one day be more rarer,
It's Constitutional when I negotiate to sell some and junk when I negotiate to buy it.
Since 2022 all I have been buying is US, Canadian silver coinage (maybe a maple or eagle once in a blue moon), but dollars, half (50 cents what Canada call em) etc.
That's the only silver I stack. I buy large coin collections and I keep the junk silver for me.
I always find the term ''Junk silver'' a sad one given many are such beautiful (if generally common and circulated) coins. I like to imagine their story and the hands they must have passed through over time.