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Franklin Half Set Vs. Stacking

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Pillar of the Community
Canada
4374 Posts
 Posted 10/26/2021  7:37 pm  Show Profile   Bookmark this reply Add oriole to your friends list Get a Link to this Reply
LCS in my area (Ottawa, Canada) indeed have junk silver bins. When they get too full, off they go the refiners.
Valued Member
United States
354 Posts
 Posted 10/28/2021  06:15 am  Show Profile   Bookmark this reply Add NumismaticsFTW to your friends list Get a Link to this Reply
I would much rather do the Franklin set. As far as junk bins go, if they aren't visible you should ask. I recently visited a new Coin Store and I didn't see anything. So I asked and then was given a huge bin that was behind the counter hidden underneath some random inventory that wasn't accessible by customers.
Bedrock of the Community
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United States
16422 Posts
 Posted 10/28/2021  08:21 am  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply
Yes , just because you don't see what you want ,doesn't mean they don't have any . Most coin shops just don't have the room to display their entire inventory .

In Memory of Butch L.
and Jim U. rest in peace .
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United States
107962 Posts
 Posted 10/28/2021  08:39 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
As far as junk bins go, if they aren't visible you should ask.
I agree.

Dealers cannot always display everything. For what it is worth, the last Ikes I bought at a coin show were not on the table. I would have missed out had I not asked.
Pillar of the Community
United States
1807 Posts
 Posted 10/28/2021  10:56 am  Show Profile   Bookmark this reply Add NumisEd to your friends list Get a Link to this Reply
And LCS won't be miffed if you are only interested in the junk bin?
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United States
107962 Posts
 Posted 10/28/2021  11:16 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
And LCS won't be miffed if you are only interested in the junk bin?
A sale is a sale.

Why even have a junk bin if you are not expecting to profit from it?
Valued Member
United States
389 Posts
 Posted 10/28/2021  2:30 pm  Show Profile   Bookmark this reply Add carlp007 to your friends list Get a Link to this Reply
I created two Franklin sets from buying rolls and going through them and stacking the remaining. LCS also has a 90% silver bin for stackers if you ask to see it. I have gotten many Walkers and Franklins from it. I did purchase a Bugs Bunny for my set.
Pillar of the Community
United States
927 Posts
 Posted 10/28/2021  2:41 pm  Show Profile   Check jacrispies's eBay Listings Bookmark this reply Add jacrispies to your friends list Get a Link to this Reply

Quote:
Why even have a junk bin if you are not expecting to profit from it?


I was looking through a junk silver bin at a local "Gold for Cash" shops as a repeat customer. After about two minutes, the owner that was working there said "I don't have time for this" and gave me a lecture for five minutes about his problems (note there was nobody else in the store). I had many bad experiences at this one shop, and this was the last straw. There are too many nice people out there to get entangled with the salty ones.
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United States
107962 Posts
 Posted 10/28/2021  3:02 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Yeah, wise of you to take them off your shopping list!

The "Cash for Gold" shops are seldom comparable to the LCS. The ones around here make the sold on TV stuff look like a bargain!
Valued Member
United States
251 Posts
 Posted 11/08/2021  6:04 pm  Show Profile   Bookmark this reply Add Dowhat to your friends list Get a Link to this Reply
NumisEd, do not be dissuaded by the term "junk" silver. Also referred to as constitutional silver. The term refers to pre 1965 dimes, quarters, and half dollars containing 90% pure silver that have lost any numismatic value due to wear from circulation or desirability. Silver dollars are not normally sold as junk, referring to Morgan's & Peace dollars. That is because the silver content is higher and most retain some numismatic value regardless of condition.
Any LCS that I have visited in the last 40yrs has had a junk silver bin. Such as a bin of dimes, a bin of quarters, and a bin of halves. Simply ask the dealer if he has any "junk" on hand and is so, the denomination you desire. The common practice, in my experience is that the dealer brings you the bin or tray, and you select the coins within that you want to purchase. I avoid shops that do not let you browse the bin. Some ask what you want, like $10FV quarters, and they will go in the back and bring you out 40 quarters. The shops that give you the bin and let you browse are the best bet.
You would be surprised at what you may find on any given day. There are shops that purchase from wholesalers exclusively as well as others that purchase collections from estate's as well. Or perhaps melt price exceeds numismatic value, so people Crack open sets to sell the silver because it is worth more than the intact set.
Then you come in a few days after the dealers purchase, and those coins are in the junk bin. I have many proofs acquired right after liberation. Many, many nice hole fillers for many type sets. Very nice winged liberties, nice Walkers. And on and on.
Sometimes, I do not know how I came across this. Most dealers will examine collections for key date but not for varieties and errors. They don't have time for that.
In the end, when you use your silver for barter, no one will care if it is VG-20 or MS-65.
Go find a LCS that let's you leisurely browse the bins and makes you feel happy when you get home. If you stack silver it is for barter. If you plan to sell for fiat money when the price rises, you are an investor. I am not an investor.
I hope this helps.
Pillar of the Community
United States
1807 Posts
 Posted 11/08/2021  7:46 pm  Show Profile   Bookmark this reply Add NumisEd to your friends list Get a Link to this Reply
Last Friday I went to a LCS about 45 minutes drive away (really a bit too far, IMO) and bought a 2008 Proof Silver Quarter set to complete my Statehood album.
I also asked if he had junk silver coins for sale and for how much they went. He said: 22x face value. I said: no, thanks.
It makes no sense to me to spend 1.4 x $22 = $30.80 per oz. on halves, quarters or dimes, when I can buy a 1 oz Philharmonic for $28, a 1 oz Britannia for $28.80 or a Maple Leaf for $29.80.
Bedrock of the Community
Australia
19339 Posts
 Posted 11/08/2021  8:06 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
In the face of Philharmonics Britainuas or Maple Leafs, it only makes some sense if you are able to pick through a silver junk box of 100 or more examples of Franklins and pick out the best of them, to make a date set at 22X face.

Nevertheless, you need to be picky in terms of condition, at the lower grades.
Probably best to go through this sort of exercise at a coin show, where the cost of the journey to get there, is less of a consideration
Pillar of the Community
United States
1807 Posts
 Posted 11/08/2021  8:11 pm  Show Profile   Bookmark this reply Add NumisEd to your friends list Get a Link to this Reply
The last coin show I went didn't really have any junk silver (nor proof sets for that matter).
I only saw slabbed coins, coins in coin flips, and loads of bullion.
Valued Member
United States
251 Posts
 Posted 11/09/2021  4:55 pm  Show Profile   Bookmark this reply Add Dowhat to your friends list Get a Link to this Reply

Quote:
It makes no sense to me to spend 1.4 x $22 = $30.80 per oz. on halves, quarters or dimes, when I can buy a 1 oz Philharmonic for $28, a 1 oz Britannia for $28.80 or a Maple Leaf for $29.80.

I agree. I would have walked away at 22xFV as well. I do not know where you are located, but availability to LCS's does not sound to local.
I am fortunate to live in a location that offers dozens of LCS's within a 45 minute drive. I purchased the same day you did and found a range between $19.50-22.25 x FV. I opted for 20x as I was 5 minutes away.
The premiums are way up, agreed. But @ $20xFV I got some US silver about the same price as the Brits, Canadians, and at the same time look for fillers.
I wish someone could show me where I can buy for melt price. Those days are gone. Dealers cannot purchase for under melt today. There ain't enough for that no more.
Pillar of the Community
United States
1807 Posts
 Posted 11/09/2021  5:04 pm  Show Profile   Bookmark this reply Add NumisEd to your friends list Get a Link to this Reply
After the Holidays, I will visit the nearest LCS (5 minutes away, but last time he didn't had a 2008 proof silver quarters set) and see what he charges for junk silver halves.
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