PREP Junk silver coins
- Thread starter K99
- Start date
2dollarbill
Veteran Member
Local coin shop is the best place. Check ebay for pricing. Really get to see what people will pay for whatever.
2db
2db
Old Gray Mare
TB Fanatic
Fair use.
I review the current price of silver at the Kitco website bid/ask. The problem with ebay is there are counterfeit junk silver coins out there. Is there a coin shop with a good local reputation where the coins are tested in house near you?
I review the current price of silver at the Kitco website bid/ask. The problem with ebay is there are counterfeit junk silver coins out there. Is there a coin shop with a good local reputation where the coins are tested in house near you?
Silver Prices Today | 24 Hour Spot Chart | KITCO Silver
Live & historical 24-hour Silver Price Spot Chart from New York, London, Hong Kong and Sydney. Silver Prices Updated Every Minute.
www.kitcosilver.com
NoDandy
Has No Life - Lives on TB
Go to a news stand, pick up a copy of " Coin World ", I think that is the correct name. Have not had one for some time. They are about the same size as ShotGunNews. The Coin World is mostly coin dealers ads. Many places to call.
Also, I agree go to local coin shops. Also, check Pawn Shops, as people that need money will sell their junk silver there. Also, might check any local Antique shops. We have one in the next county that does a lot of business in that, but mostly advertises as antiques, etc.
Good luck
Also, I agree go to local coin shops. Also, check Pawn Shops, as people that need money will sell their junk silver there. Also, might check any local Antique shops. We have one in the next county that does a lot of business in that, but mostly advertises as antiques, etc.
Good luck
Look for dimes as much as you can. Melt values can be found at U.S. Silver Coin Melt Value Calculator - Coinflation. Silver is where you find it and premiums are going up..
1911user
Veteran Member
3 online sources:
www.apmex.com
monumentmetals.com
sdbullion.com
Buy 90% Silver Coins, Rolls & Bags | 90% Silver | APMEX®
Buy 90% Silver Coins, Rolls & Bags online on APMEX.com. U.S. Mint Silver. Fast & free shipping on orders +$199. 100% Satisfaction Guaranteed.
Buy 90% "Junk" Silver Coins Online with Free Shipping on all orders of $199 or more
Add pre-1965 "junk" 90% silver coins to your portfolio or investment at the best prices of any major dealer. All 90% silver coins in stock with free shipping on all orders of $199 or more!
Buy 90% Junk Silver Coins I Low Price Guarantee I SD Bullion
Buy 90% Silver Coins (junk silver) in bags or rolls of $1 Face, $100 Face, or $1000 Face at the lowest price guaranteed. 90% junk silver includes Walker Liberty, Barber quarters, and Morgan silver dollars.
sdbullion.com
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Bridey Rose
Veteran Member
I've had good luck with Money Metals Exchange and SD Bullion for pre-'65 dimes, but they're pretty pricey. They're running $113.80 or $114.95 for a pack or roll of dimes with a $5 face value if you pay cash via a bank account and they cost even more if you use a credit card. But I'm convinced they're the safest investment around because there's no counter-party involved like our loving Fed Gov or a bank, credit union, or insurance company!
bracketquant
Veteran Member
"as people that need money will sell their junk silver there"
My advise is, don't be one of those people.
If you have to sell, due to unforeseen circumstances, you may lose some of your investment.
thereisnofork
Veteran Member
I would use SDBullion.com or JMBullion.com. All silver coinage is getting hard to find. A $5 face value roll of dimes is about $122 at SD. It takes about 14 dimes = 1 troy ounce silver, so you are getting 3.571 ounces, or about $34.16 per ounce with the premiums. Demand is high, and availability is low. I stay away from ebay.
An individual silver dollar is about .715 ounce of silver, halves, quarters and dimes are 1/2, 1/4 and 1/10 of that. Our money was designed as divisible. So a $1000 face value bag is generally accepted as 715 ounces of silver.
My number of .715 comes from a guy who ran a metals minting and old silver coin business, had his education from a mining college. Google says about .72xx ounces per coin. My guy may have been taking wear/tear for old coins into account.
An individual silver dollar is about .715 ounce of silver, halves, quarters and dimes are 1/2, 1/4 and 1/10 of that. Our money was designed as divisible. So a $1000 face value bag is generally accepted as 715 ounces of silver.
My number of .715 comes from a guy who ran a metals minting and old silver coin business, had his education from a mining college. Google says about .72xx ounces per coin. My guy may have been taking wear/tear for old coins into account.
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If you had a couple grand to invest,
reputable outfit you might look at is...
www.texmetals.com
- Shane
reputable outfit you might look at is...
90% Junk Silver Bags | Texas Precious Metals
The 90% Junk Silver Bag category on the Texas Precious Metals website displays all available 90% Junk Silver Bag offerings.
www.texmetals.com
- Shane
20Gauge
TB Fanatic
Still good. Decent pricing. Other than leaving a trail, I would suggest them.
Here's a good site to calculate the spot price of pre 65 silver coins.
www.coinflation.com
U.S. Silver Coin Melt Value Calculator - Coinflation
This coin calculator tells you how much your silver coins are worth using the most current silver price. This is also a tool to find out how much your junk silver coins are worth.
This interview might help some in the bigger picture ...
View: https://www.youtube.com/watch?v=ZWeBhIEvemY
Preparing For A Banking Shutdown | Client shares his journey
RT 36:24
Preparing For A Banking Shutdown | Client shares his journey
RT 36:24
coalcracker
Veteran Member
My local coin shop has 90% silver coins available, but he is asking 25x face.
Let’s consider how far above spot that is.
A single silver dime at current spot would be $1.50. The dealer in my AO is selling each silver dime at $2.50.
Of course, spot price is a manipulated joke. We all know that, but the question then becomes, how much mark up is reasonable?
In light of the current economic conditions, I find myself struggling to gauge what is reasonable as we proceed further into this economic maelstrom. I tend to think the day will soon come when we might wish we could get silver at 25x face.
Let’s consider how far above spot that is.
A single silver dime at current spot would be $1.50. The dealer in my AO is selling each silver dime at $2.50.
Of course, spot price is a manipulated joke. We all know that, but the question then becomes, how much mark up is reasonable?
In light of the current economic conditions, I find myself struggling to gauge what is reasonable as we proceed further into this economic maelstrom. I tend to think the day will soon come when we might wish we could get silver at 25x face.
I was lucky to encounter Franklin Sanders early along. This has always been my touchstone - Ten Commandments for Buying Gold and Silver — The Moneychanger
CaryC
Has No Life - Lives on TB
You can buy them by the bag at a lot of brokerages.
This is a good one:
Something you should be aware of at any brokerage. Online probably not going to quote a price because of the fluctuation in prices, on a daily basis. There is a number to call in the above link, and they are happy to talk to you about any purchase.
Buying junk silver from a brokerage will not sell like 10 dimes and a quarter. Like I said they sell by the bag, a full bag will go between 1500.00 and 2000.00, with the value in silver being correct. Depending on brokerage you may can get a half bag or even a quarter bag. It actually doesn't come in a bag, but plastic sleeves of half's, quarters, and dimes. All pre '65.
Also getting it from a broker means the coins will be sent registered mail (meaning you will have to sign for it with ID) and Insured against loss or stolen. If you are not normally at home, when the mail runs, they will leave you an official notice and you have several days to go by the Post Office and pick up.
So if you are prepared to fork out that much, give them a call. They don't mind dealing with small sales, it's not a problem and at least Goldline has always been very helpful.
If you're not prepared to fork out that much then doc1 and pawnshops are the way to go.
Hfcomms
EN66iq
I take issue with his point about numismatics though. Certainly educate yourself and don’t buy overly expensive numismatic coins. After all the value of the coin is primarily in it’s gold content and not it’s condition or mintage. However, numismatic coins consistently sell for more than bullion coins.
The trick is to buy when nobody wants gold or silver coins and the premiums are so low that they cost only a little more than comparable bullion coins. Obviously a MS-65 numismatic coin is always going to sell for boodles more than an ungraded F or VF bullion coin. What I did was to load up on MS-61/62 Liberties when they were selling for less than a $100 more than an ungraded coin.
With graded coins anyone can check it by serial number on the grader’s websites and that along with your bill of sale can give a prospective buyer confidence in the future that the coin is legitimate. When premiums are that low factoring in the costs of shipping the coin to and from the grader and getting it slabbed is worth it. People worry about faked gold now with good copies out of China and this is only going to become more pronounced when people panic into the metals.
It's the expectation of easy money he is warning about IMO - some people are of the 'too much is not enough' persuasion. Greed and Fear are the Scilla and Charibdis here - do not be scared, do not be greedy and things will likely work better.
For the record, when premiums between slabbed pre-33 gold and bullion were small, I bought some more mint state Saints myself.
For the record, when premiums between slabbed pre-33 gold and bullion were small, I bought some more mint state Saints myself.
3 Reasons To NOT STACK Gold And Silver For SHTF
RT 15:40
=================================
Do listen to this one - important basics here.
IMO most any form of gold concentrates too much value to be of utility post-SHTF. I think even an ounce of silver (eagle) will be too hard to get change for. I suggest dimes for that reason.
I did get some 14K plain gold wedding bands from pawn shop scrap gold as a hedge. Slip one on and drop by the local we buy gold ... anyone watching just sees some poor guy having to sell his wedding ring to get by.
YMMV of course.
I did get some 14K plain gold wedding bands from pawn shop scrap gold as a hedge. Slip one on and drop by the local we buy gold ... anyone watching just sees some poor guy having to sell his wedding ring to get by.
YMMV of course.
Ragnarok
On and On, South of Heaven
They are all out of stock.If you had a couple grand to invest,
reputable outfit you might look at is...
90% Junk Silver Bags | Texas Precious Metals
The 90% Junk Silver Bag category on the Texas Precious Metals website displays all available 90% Junk Silver Bag offerings.
- Shane
Lots of out of stock on silver all over. About $22K per 1000$ face bag ,,,
www.moneymetals.com
Silver Coins for Sale - Buy Silver Coins Online from Money Metals®
Money Metals Exchange Offers Silver Coins for Sale at the Lowest Online Price. Buy Silver Coins with Confidence from a Trustworthy Source. Best Silver Prices!
www.moneymetals.com
NoDandy
Has No Life - Lives on TB
Agree. I just suggested it as a possible place to buy
My best friend owned multiple laundry mats and when he would go through them every week and would always find one or more pre-65 quarters.
He said he wasn't sure if it was worth his time to go through them but he was so good at spotting them that it really didn't take him long.
I wonder if everyone in a cash/coin business does this?
He said he wasn't sure if it was worth his time to go through them but he was so good at spotting them that it really didn't take him long.
I wonder if everyone in a cash/coin business does this?
Hfcomms
EN66iq
Too little benefit to do that today. Back when I was a kid I'd go to the bank for rolls of pennies and dimes as you could get a lot of wheat pennies as well as silver dimes but those days are long gone. I'd bet you would have to go through thousands of clad coins today to glean one silver coin.
bracketquant
Veteran Member
Look at 'em all by the edges when stacked, and one could go through hundreds of coins in a few seconds, spotting any silver ones.
Reasonable Rascal
Veteran Member
Not the case when I was coin roll hunting a few years back. It depends greatly on where you are located. East coast not so much, mountain states it can be found. I have dimes, nickels and halves galore found that way. Never ever, though, found a quarter. I used to hunt better than $2K face each week.
RR
thereisnofork
Veteran Member
Another thing to look for is to search precious metals sites for Valcambi bars. They make both gold and silver sheets that break into 1 gram chunks. Currently 1 gram of gold is $60 to $65. But these bars can give you smaller, barterable amounts in gold. The make 20, 50 and 100 gram sheets in gold, and 1 ounce/10 sections. Silver in 100 gram sheets.
bracketquant
Veteran Member
A quick search of prices for 1 gram bars of 999 fine gold is equivalent to $2,270 per ounce, with no guarantee that it isn't counterfeit.
momma_soapmaker
Disgusted
Sterling jewelry is another good investment. It will normally be stamped 925 on it.
Redcat
Veteran Member
My brother has a vending machine sideline. He also finds silver coins here and there. He saves his buckets of quarters and checks them when things are slow life wise.
psychgirl
Has No Life - Lives on TB
I inherited an entire heavy, bank bag full of wheat Pennie’s.
I was told they’re junk but I still have the bag.
I forgot all about those actually.
psychgirl
Has No Life - Lives on TB
eBay sellers have scrap gold, broken jewelry all the time.
Sold in lots of several pieces. You could probably find some steals