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What Is Better Junk Silver Or Silver Bullion ?

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New Member
United States
36 Posts
 Posted 06/16/2015  4:04 pm  Show Profile   Bookmark this reply Add grinx76 to your friends list
I like junk silver because it is like a box of chocolates that doesn't melt (easily). You never know what you are going to get.
I recently (past week) bought 6oz from your ebay store, I'm also local to you but have never brick n mortared you.
You took away the 'Make Offer' on your ebay junk listings a few days ago. I died a little that day. Was it my fault you took it away? =p



Pillar of the Community
United States
711 Posts
 Posted 06/16/2015  4:12 pm  Show Profile   Bookmark this reply Add BuckeyeCoinGuy to your friends list
Other items I like while on a roll.

I enjoy it when a dealer posts both his buy and sell prices. Only ever seen one dealer do this but it works great it seems. Guy had a great selection of junk silver by type, foreign silver, capsule commems, and even generics. All pre packaged in various lot sizes and posted with buy and sell prices. I don't go to many coin shows and they are all small, but this guy had his game down to me.

I also like junk gold and think the same $/ounce logic from junk silver marketing would apply. Great deals to be had on gold commems, old US gold, and world gold.


There is an intimidation factor that needs to be overcome for all new collectors walking into a coin store for the first time. Some of them are stackers in search of a hobby, quote them coins in a language they can understand immediately.
Pillar of the Community
United States
1158 Posts
 Posted 06/16/2015  4:38 pm  Show Profile   Bookmark this reply Add tkbslc to your friends list
I don't really like generic rounds. I like "real" coins with silver that sell at the lowest possible premium over spot.

I can't really say why. I feel more emotional satisfaction when holding a coin produced by a national mint, especially if it was for circulation, vs a random silver bar or round that anyone could make.


Edited by tkbslc
06/16/2015 4:48 pm
Pillar of the Community
United States
509 Posts
 Posted 06/16/2015  4:54 pm  Show Profile   Bookmark this reply Add CLS12 to your friends list
I've been buying 90% at store bc I like to pick it out and look at options. I prefer buying rounds and ASE/maples, etc online bc I can generally find it significantly cheaper online and not in rush to have it in my hands instantly.
Bedrock of the Community
United States
94367 Posts
 Posted 06/16/2015  5:23 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list
Yes, junk silver for me as well. You really can buy unsearched lots from many dealers, who often just dump them into a bag after they go through the counting machine. I've seen this at local shops many times. They know the odds and are usually past the point of looking for a needle. Too much else to do.
Valued Member
United States
61 Posts
 Posted 06/16/2015  7:38 pm  Show Profile   Bookmark this reply Add BullionPirate to your friends list
I personally prefer bars and rounds. There's something about junk silver that doesn't excite me, plus I tend to pick out a piece occasionally and just stare at it. I like how perfect struck bars are.

That said.... I can't say no to a deal most of the time
Rest in Peace
United States
18456 Posts
 Posted 06/16/2015  8:25 pm  Show Profile   Bookmark this reply Add T-BOP to your friends list

Neither one ! but if I have to pick one it would be 90% silver coins. because some of the older ones would most likely have good history behind them.
Valued Member
United States
100 Posts
 Posted 06/16/2015  10:10 pm  Show Profile   Bookmark this reply Add Hibernias to your friends list
I think that junk silver is more fun to look through, and is also more collectible. To me, coins have a higher aesthetic appeal, and are more fun to look through.
Pillar of the Community
Canada
3692 Posts
 Posted 06/17/2015  8:08 pm  Show Profile   Bookmark this reply Add Libertad to your friends list
10 oz bars. It's not a big investment and it saves you the most money. It's also very compact, fits in your pocket should you need to transport it. People talk about divisibility, well a 10 ouncer is easy to cut up any way you like. Selling one ounce at a time is just sad, you can get a pack of cigarettes and half a meal with an ounce of silver so it's a desperate move.

As I've mentioned in another thread, coins are a waste of space, and nothing but .999 is the smart move, none of this .900 silver here and there, buying junk and talking it up like it has numismatic value; coinage with numismatic value is not even in the same ballpark as bullion because PMs are money. Buying .900 as if it were bullion: you got taken by the salesman hook line and sinker with their constitutional coinage nonsense because the common person will not understand how coins that look the same as modern ones will be more valuable, and unless people carry scales everywhere they go people will start shaving their coins again. Saying that the value will always be face value, well then why not just stack modern coinage, because even if that "goes to zero" it will still be worth face value and you don't have to invest heavily as with .900 coins.

I think that this is apples and oranges. It all goes back to "why are we collecting silver". Once that's answered, the reasons behind our collecting is much more clear. People collect for very odd reasons, it's like any other collection.
Pillar of the Community
United States
1913 Posts
 Posted 06/17/2015  8:34 pm  Show Profile   Bookmark this reply Add Bret to your friends list
Libertad, stop beating around the bush. Tell us what you really think. BTW, I agree with what you've said.
Pillar of the Community
Canada
3692 Posts
 Posted 06/20/2015  11:27 am  Show Profile   Bookmark this reply Add Libertad to your friends list
Bret, how much better can I explain it?
Here are the key points:
- you want silver, then get silver. .999 is the only way to do that without the extra weight of alloys, and no you don't get the value of your alloys because it has been "spent" on making this new alloy.
- from a volume perspective, round objects waste space because there's no way to fill the gaps.
- face value is what a government deems it to be. And if one does rely on that, wouldn't collecting modern coins be more effective without the crazy investment of buying silver coins?
The main thing is, if you can physically chop it (cut it) then you can see the inside of the bar, therefore there's no need to have it tested. People who know what silver is can feel the difference as they are cutting the bar. Short of tasting it there's no need to rely on what has been stamped or imprinted on the bar or coin because they can be deceptions. See it, feel it, listen to it. One can literally take a sharp knife to a gold bar and shave it to test the malleability. So get to know your metal and you won't need to rely on markings. But to each their own, junk is not numismatic, and it's not easy to calculate unless one has scales, in which case get .999 anyways to measure what you're chopping.

Basically, if you really disconnect yourself from the internet and think about silver coins, you'll realize that they are not useful in hyperflationary times, or in times of non-government. Only .999 bullion can fill that gap, even in good times.
Pillar of the Community
United States
1913 Posts
 Posted 06/20/2015  12:58 pm  Show Profile   Bookmark this reply Add Bret to your friends list

Quote:
Bret, how much better can I explain it?

I was being sarcastic. I thought you did a really good job.
Valued Member
United States
61 Posts
 Posted 06/20/2015  3:30 pm  Show Profile   Bookmark this reply Add BullionPirate to your friends list
couldn't have said it better myself Libertad.

Valued Member
United States
194 Posts
 Posted 07/03/2015  2:17 pm  Show Profile   Bookmark this reply Add GoldenIslesCoins to your friends list
I want to thank all of you who replied. It seems most of you like the 90% Junk Silver better. We have listed much more 90% Silver coins and we will continue to add to our listing both on our website and on ebay. FYI we really don't have the time to sort thousands of coins for stuff like key dates or Varieties. I hope you can find some and leave feedback saying such. Thanks again
Valued Member
Australia
208 Posts
 Posted 07/12/2015  10:52 am  Show Profile   Bookmark this reply Add Misterpostman to your friends list
I much prefer "junk" - far more interesting, decent chance to find better dates etc
The only real downsides I see are:
A. Higher premiums the past few years. To offset this, I have bought a little .999 at LCS's and lots of sterling silver items cheaply at garage sales, thus lowering overall costs
B. Not readily usable for industry, like .999. Could be a problem if industrial demand gets so intense that it exceeds stackers' demand for 90%, in which case refining costs would hurt some. In that scenario silver prices would be rising sharply, so owning 90% would be still be a good thing, though not as good as owning .999.
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