Are CULL Coins a GOOD buy?
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- Опубліковано 27 сер 2024
- Are CULL coins a good buy? The answer may actually surprise you!
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Topics discussed: silver, prepping silver, best silver, prepper stacker, stacking, barter, fractional silver, low premiums, stacking silver, silver barter, precious metals, junk silver, bullion, stack silver, silver bullion, silver stacking, silver coins, constitutional silver, circulated silver coins, invest, investing, investing in silver, how to invest, how to invest in silver, best low premium coins, cull coins, cull silver coins, silver coins, silver coin, best silver to stack, best silver to buy, numismatic, numismatics, are cull coins a good buy, buy cull coins, are cull coins a bad buy,
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I actually like the culls! So for me yes it is a good buy plus I do it for mostly silver weight! Thank you for sharing!
Good man! They are a great buy. Ashamed it took me so long to realize it haha
Yea,they were a great deal back in the day/ my day 1st stacking days.culled morgans,generic rounds and bars .now days i,ve moved into midrange morgan numistatics( love deals on cc,s) and pre 33 gold.careful newbs its a slippery slope down that rabbit hole.patience,education and advice from guys in the know.eventually youll have to put it all together in a logical manner.put your emotions off to the side,ignore the fear porn and think.
Half of my stack is probably cull. I am just saving them for when I need them. I don't care, because it beats gambling or buying stuff that is not really necessary. Since I quit smoking, it seems like silver is good regardless of condition. This is aside of my numismatic collection.
Looks like you're doing it right.
Agree
I don't see a reason that collectors and stackers can't be friends. If you wanna stack slabbed eagles and they make you happy. Good on you brother! I'm gonna stack silver generics and junk silver until the day I die. No reason we can't talk shop and share a love of silver stacking.
Totally agree. Thanks for stopping by!
I like experienced coins. They have a story and history. I stack 90% for fun and the possibilities of SHTF trading.
All excellent points. SHTF trading is the number one reason I stack 90%.
Cull coins can also be good placeholders in an album you are trying to fill regardless of condition. You can trade out the bad coins later if you happen to get one in better condition.
Definitely!
Great topic, thank you. I totally get the value of stacking cull coins from a stacker's perspective. It's historic and rare silver. It's just not appealing to me. I haven't ever pulled the trigger on cull. However, recently I was thinking that cull could be a good candidate for "pocket silver". Something I've been meaning to do. Thanks again!
Well said! I like the occasional pocket piece. I just don't want to lose it when I pull out my keys haha. Thanks for watching!
@@CampbellsCoins Yessir, love your honest and thoughtful content. You're one of the good ones. At least with cull if it falls out of your pocket and hits the ground hard it wouldn't make me flinch. 😉
@@andyb8838 haha true! Appreciate the kind words!
I recently bought a lot of 50 junk silver dimes. 49/50 were decent Roosevelt dimes and the last one was a Mercury dime so thin, you couldn't feel the surface, the date was completely gone. Sucks they threw that one in the mix. Still, I guess cull coins could have their value if and when a time for barter comes necessary.
I have been going through a selection of your old videos. I love them. Anyway. I live on my family’s old farm/estate. I started in putting aside gold and silver late myself, but my family always had cash and coins in the safe dating waaayyy back, and I learned why after going through the financial crisis. When my father and mother passed away, I inherited some of their old coins. I almost threw out an oddly shaped brown disk that was in with them. I finally decided it was a badly worn coin. I cleaned it. It turned out to be an 1803 large cent. Roughly the same age as our house. It is a slick. I never would have known what it was if I hadn’t cleaned it. It has little value. I’m assuming it would qualify arguably as a cull. I would never part with it for sentimental reasons. There are seated liberties, standing liberties, indian heads, buffaloes, mercurys, and morgans. Many would probably qualify as culls. I now stack silver and gold, new and old. It’s my turn to add to the family treasure. I understand why they did it now. This is MY money. My treasure. My fortune. And when I’m gone, I’ll be passing it along.
Stacking common dates as close to spot as possible. Like the nicer ones though. Prefer to do in person
100%
As long as the price is right then I like them as a learning tool for new collectors. When I started in the 70's I didn't have much $ so filling my Whitman books was the key.
Price is key; and you hit the nail on the head, great as a learning tool for new collectors.
Culls are good for stacking nothing wrong with having a roll of Morgan or peace dollars
johnny b absolutely! 👏
If they were truly cull and uncollectible, they would be cheaper than rounds. Demand would suggest otherwise.
If weight is your goal, rounds are generally a better alternative. I've never asked my LCS what a cull Morgan/peace dollar goes for. But they do seem like a good shop.
Personally, I'm a stacker collector. So BU coins are far more appealing. Now, if the premiums were to fall off a cliff, I could be tempted to stack a few 'cull' silver dollars.
Good informative video
Thanks for watching!
Great demonstrative video my friend. It seems that for the last couple of years it doesn’t matter the condition, they are flying off the shelves!
Vertical Stacker man you are not wrong. Feb 2019 - July 2019, I could get nearly anything sub $18. People will be saying, those were the days. As always, your kind words are greatly appreciated 🙏🙏🙏
If your on a fixed income or budget the cull can be a good buy for the stacker or beginner. It was great before March when the price was around $15 to $18. Now look at the price. Another good video. Yes, I have cull peace and Morgan’s
100%. Hell man, after I did my price experiment in the video, I'm considering getting them! One gets more silver over the BU coins for the same price! (assuming there isn't dramatic silver loss in the coins.) No brainer
Wow that is very noticeable... I actually was looking for a scale.. Lol
If you find one at the beach is it a seacull? But seriously, in my experience most of the time the price difference isn't worth it.
Hiyo! (Little Johnny Carson for ya) well I don’t know about it now. It might be worth thinking about.
I have often wondered about stacking junk silver. Cull coins are one of the things that made me hesitate as it I was not too sure about value. Maybe it's worth considering
Junk silver is a must to stack and contrary to it's name, doesn't always equal junk. I highly recommend constitution silver for your stack (aka junk silver).
I dont buy them but have been collecting them just in my change for a long time.
I only buy cull Morgan from my LCS. I only get the ones that the rims worn. That way there's not much weight lose
I have cull coins for folder/album fillers. Culls can have history
Well I have a couple Morgan’s they are all EF or better even have a 1904 o in ms65. But I do collect peace dollars as well I have them in an album so since I just want to complete the album I do have some cull coins. Like the 1921. So I figure it’s all about what you want to do. For me that is finish the album I can always go back later and replace full coins with nice coins. And I’m 14 so I have a while to do it I hope
This is exactly what my grandfather would do. Fill the albums and later down the road replace the beaters with nicer versions. It's what I'm doing with my Morgan albums.
Yeah you’ll have a heck of a time if you try to go for all BU or AU at once. It would probably take a long time unless you have a lot of money.
I keep a separate bag for heavily worn 90%. It's my willing to sell bag after the reset. I keep another separate melt bag for all scrap silver, including coins with holes, that will go to the smelter after the reset or if I want to trade it in for better stuff. I don't go after "cull", but it shows up in bulk lots. I don't like well-worn coins, though, as they remind me of my ex-wife.
LOL! I like your separation stacking strategy.
Great point. You're getting less metal for your money because of wear. I've got a few cull standing liberty quarters just because I like the design and they were cheap.
jake86chev my point was you’re getting more metal for your money with culls, if you’re buying BU coins instead. Cheap is always good
Only CC Morgans, and valuable over priced key dates would be worth picking up as culls.
Never bought a bag of Cull. I buy straight from my LCS to see and feel. I bring my digital scale to lol. He's cool though. Great video. Don't normally see a break down like this. Well done!
Monte thank you sir!
I usually pass on cull coins, unless they are below melt.
Brad McCubbin where are you getting them for below melt?! 😱
@@CampbellsCoins flea market
Really good info! Never though of how much LESS silver there is.
Can you compare the price of those cull VS. Silver rounds. The cull morgan can be expensive.
Wow. Really good information. I had never thought about cull's in this way. Very big thumbs up ! 😎👍
Ontario100 thanks man 🙏 it’s made me rethink them as well 🙌
I have a question on culled coins. But I'm going by the definition of culled being worn down because of circulation. Not so much as damaged by deep scratches or hit with a hammer etc. It's considered culled by just worn down by circulation. Keep that in mind when I ask this question. Usually the culled coins show a lot of wear because of circulation of course. But also most culled coins I see are much older than the coins in fine shape. For the same price Is it better buying an old culled coin say like a quarter from the 1800's for example than a quarter in fine shape from the 1900's? I guess you could say I'm looking at the possibility of an increase in value numismaticly by purchasing the culled 1800's quarter even though it would contain a little less silver than the fine 1900's quarter. Which one would you choose? You know what I mean? Would like to know your opinion on this. Maybe this could be new content for a future video?
I totally get what you mean. From a numismatic standpoint, you'd have to purchase an incredible rare year to see that investment grow. A 1930-S St. Gaudens graded AG-03 recently sold at auction for $49,000. It's the definition of cull but because it's incredible rare, it went for a lot. Mintages and survival rates play a big part. Given your example, I would buy the rarest coin because I know that will go up more.
Well cull is anything that not AU/BU and if ur just trying to fill tunes like me then their good as long as their not completely roached out
Culls are poor condition coins. XF coins aren't culls. Good for beginner stackers/collectors for albums.
CC
I'm not sure if you've ever heard some of the other channels refer to ASE'S that are toned or have a few nicks or dings as culls?
It drives me crazy.
But as far as some cull coins I think that they have carictor.
Right, when referring to ASEs the definition of cull changes to mean "not pristine." I've bought "cull" ASEs that were BU with a finger print. Weird.
I don't watch a lot of other stacker/coin channels on here but that would bother me too. Just because it's not a pristine ASE doesn't make them cull. That also makes me ponder if they consider these coins with milk spots as culls.
@@mikejameshupfer Very silly of them to categorize modern silver this way.
@@CampbellsCoins I have heard people call milk spotted coins as cull.
Kind of crazy.
@@bullionaddict9164 Very! Actually let them. I'll take my discount on premium silver haha
I have a cull Morgan but that’s all. I would only get them at spot, but I’m open to having them.
Britton Lane Are you getting them for spot or for melt?
Very informative. Kind of new to this space and any new info is appreciated
Mikela Bresenden welcome! Thanks for stopping by on my channel! Let me know if you have any questions
Buy the middle grade Morgans (F/VF/XF). The price is lower than BU, the coins will be close to full weight, and you won't get slicks.
Great point!
I'll start by saying you are not wrong in your assertion and your argument is valid so rate up.
However, I feel that this is a strictly academic argument which is entirely moot for one simple reason - how often do you buy/sell coins by weight?
A Morgan is 90% silver so that makes its spot value $18.44 at this second in time. When is the last time anyone has ever looked at a culled Morgan and said "It's so badly worn that it is 2 grams too light" and then broken out a calculator and figured out how much lower than spot x 90% they should pay?
This isn't the dark ages where clipping coins is a problem and you need a scale to weigh the coins for every transaction. People accept that a Morgan is 90% silver and is worth $18.44 for just the silver even if it has been worn down to the point that it almost resembles a blank.
Now maybe a scrapper is going to care since he intends to melt the Morgans down, separate out the silver and turn it into bars - but the coin shop, the pawnbroker and everyone on ebay accepts that so long as the coin is simply badly worn that they will assign it the same spot value as one which is in mint condition.
Sean, I'm sorry I think you missed the point. The entire point of this video isn't to say one should buy/sell coins by weight, it's to point out that a cull designation on a coin is a great buy. I went further to point out HOW it's such a great buy by showing that one receives more silver from the quantity of cull coins purchased versus the BU version at the same price. You're right, it's all the same spot price and no one is buying coins by weight.
@@CampbellsCoins On no, I didn't feel that you were advocating against them, instead, it was that while your focus on weight was certainly technically correct and valid, it was moot - you could have made the point that culls are a good value without the weight discussion.
Culls are great for stacking since you're more likely to get them for spot or less due to some places tossing them into the scrap silver bin and if a cull isn't too badly worn, it can at least fill out a collection, plus, while it only really gains value from spot, it's also recognized as a reliable and trusted form of silver.
very informative. Thank you!
Thanks you! 👊
Heck - sell the Morgans as lowballs…
My Morgan collection has an 1893-s, 1889-cc, 1894, and an 1903-o
All pcgs or ngc.
In better grades, the cost would be prohibitive. In lowball, different story…
Now if I could just get an 1895 Philadelphia…
My 2 cents,if you look at silver content,not a bad deal ,its basically junk silver at a fair price for its size.a good place for novice stackers with a bit of cash who just wants silver without the high premium.that was my mindset 20+ years ago.paying 5/ 8.00$ over spot for culled morgans now even a beat to hell morgan is 28.000/ 30.00$ over spot....not saying to late to get on the train,even cull morgans will go no where but up.morgans will be highly recognizable even to non stackers.that value will jump out.i have used culled morgans to pay fishing guides here in e tn.
I always buy silver that has no damage and full rims, I guess I'm particular about my junk, lol.
Cull ASEs 💯. Another good one Campbell!!👊
Thank you!
I pick up some worn,cull Morgans and Peace Dollars if they are cheap enough plus I love Morgans, bought one that's almost slick just because I was thinking how much it must have been through to get like that lol
Price is very important. Can you share with us the weight of that slick Morgan? I'm very curious. Thanks!
I will look for it when I get home and get a weight it's pretty slick I'm curious now also
It weighs in at 24 grams
If your curious how slick it is it's in my video named latest pickup at the 5:40 time mark lol
@@stackattackerwager2541 I'll check it out! Thanks for weighing it. 24 grams isn't that bad! If you compare it to the BU examples and prices I mentioned, you're getting a lot more silver for the same price. Might be worth getting XFs though.
I was really interested to see your opinion on this
Boxy's Precious Metals thanks! 👊🙏
morgans are so overpriced tho, better to get rounds / or low prem pure silver
Very well explained thanks for the video.
Thank you for stopping by!
i think these lower grade coins are great it lets people get into the hobby that cant afford bu coins
Agree! Thanks for stopping by!
Good video. Thanks for sharing
Silver and World coins 🙏
Nice educational video I have gained alot on information thanks nice show
Silver Fanatic thank you! 🙌
@@CampbellsCoins pleasure sir
thanks for the video!
Glad you liked it!
I believe cull coins sounds better than junk coins.
If you put coins on the scale and weigh them and get let’s say 3 ounces it is better than counting out the coins that should weigh the 3 ounces you get more weighing the coins than counting the coins.
Have you ever thought about where the word Cull came from
I stay away from them
I can't stand cull coins. Great video!
I can't stand them either but this exercise is making me rethink my position. Thanks for stopping by!
I hate the word “cull” also. The other word I hate is “wizzed”.
Saltwater Saddle Tramp 🤣🙌