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Junk Silver Coins

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Texasherb's Avatar
United States
1 Posts
 Posted 08/05/2011  2:12 pm  Show Profile   Bookmark this reply Add Texasherb to your friends list Get a Link to this Reply
I been buying silver proofs(in orginal packing for $1 under spot. I think that is a great deal. I also love what some people call junk which is vf quality or better for less than spot. While I collect numismatic coins, the practical aspect of purchasing "Junk silver" is a no brainer IMO. Respectfully, Herb
Valued Member
Changeless's Avatar
273 Posts
 Posted 08/05/2011  3:33 pm  Show Profile   Bookmark this reply Add Changeless to your friends list Get a Link to this Reply
What JMKendall said (above).
my thoughts are: How soon will which silver coins and what grades become worth more then any eventual melt value?... In ten years? 20? WHO KNOWS...

(as John1 knows) This is why the basic advice to new coin collectors (or old ones) is to build a collection by obtaining the highest grade, rarest example, of a coin within your financial means. Include with that Singleness of purpose... i.e. a well defined "vision" of your collection and collecting goals.... is also important. Take John Jay Pittman as an example. John, an ordinary wage earner, became rich (eventually) by this process of patience and careful study... NUMISMATIC EDUCATION... as we say here at ccf.
Edited by Changeless
08/05/2011 3:35 pm
Valued Member
United States
397 Posts
 Posted 08/05/2011  3:34 pm  Show Profile   Bookmark this reply Add schockergd to your friends list Get a Link to this Reply
I agree with what has been said so far , so much so that I'm hitting up guys who want to sell 'junk silver' to me at spot. I picked up quite a bit of Barber halves from a guy who bought them 5-6 years ago. He told me 'don't worry about them, they're all junk and no key dates'. Well , according to numismedia quite a few are semi-key , or atleast rare enough to warrant over spot value, all but two were G4 or higher (with one F12 in the lot). As time goes on , more coins we consider common will be melted, and eventually our commons will become keys and demand higher values. This is why EVERYTHING I get goes into a 2x2 flip for preservation. Sure I might have to break it out some day in the future, but i'd rather worry about that then scratching or otherwise damaging a coin that could be valuable in 30 years.
Valued Member
United States
397 Posts
 Posted 08/05/2011  3:39 pm  Show Profile   Bookmark this reply Add schockergd to your friends list Get a Link to this Reply
JMkendal - Are you from Jackson?

I didn't realize that they took in so much in PMs , I'm amazed by the numbers you're offering. Part of me wants to go down and ask if they let anyone sort through the 'junk' they get :D
Pillar of the Community
United States
1590 Posts
 Posted 08/05/2011  5:29 pm  Show Profile   Bookmark this reply Add jmkendall to your friends list Get a Link to this Reply
No, I'm from Newark. I sort through the bags before he ships them out. In fact the refiner is not taking new customers right now, and a most of the locals go through my dealer as he has a long term account with them. But even I have to get there before he ships them, as he does not wait for anyone!
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Sidekick-CA's Avatar
United States
509 Posts
 Posted 08/07/2011  08:18 am  Show Profile   Bookmark this reply Add Sidekick-CA to your friends list Get a Link to this Reply
On the other hand some of your junk silver could end up like this a lot sooner than you think.

http://www.pcgsblog.com/jaime/news/...w-ball-coins
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googoo's Avatar
United States
466 Posts
 Posted 08/07/2011  09:14 am  Show Profile   Bookmark this reply Add googoo to your friends list Get a Link to this Reply
thats a really cool article, I always thought the worse the example the less of a premium
I didn't even know poor 1 existed...the more you know
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andrewjconners's Avatar
United States
497 Posts
 Posted 08/07/2011  2:15 pm  Show Profile   Bookmark this reply Add andrewjconners to your friends list Get a Link to this Reply
I'm 14 turning on 15 in 8 days and everytime I buy junk silver I think about this.
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