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Junk Silver

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Valued Member

Canada
68 Posts
 Posted 06/29/2012  12:35 am Show Profile   Bookmark this topic Add joboman to your friends list Get a Link to this Message Number of Subscribers
Do any of the circulated ones have any numismatic value? Or is it purely the silver value? I recently bought a bunch of KGV quarters at spot on ebay. My local pawn shop was selling similar ones for $8-$10 dollars each. So what's the deal and what's the value? I don't hear a lot of talk about Canadian junk so just curious.
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sel_69l's Avatar
Australia
21788 Posts
 Posted 06/29/2012  02:20 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
I'll betcha there are no scarce types, dates, varieties or examples in better condition for date in the junk silver you may buy. Each coin that you buy in this category has been assigned to the junk bin after careful examination by a collector or dealer, somewhere sometime, on the basis of the above criteria.

That does not stop an accumulation of such coins from being interesting, however. I collect World coins, with finensss ranging from .250 to .925, and the variety in the accumulation makes it fun to review occasionally.

Almost all of my accumulation are left overs from job lots, which originally included coins of ALL metals. I have about 200 pieces of junk silver, accumulated over many years, the ASW would be around 25 ounces.

I don't specifically go looking for junk silver or bullion.

Rest in Peace
Dcadon's Avatar
Canada
1360 Posts
 Posted 06/29/2012  09:20 am  Show Profile   Bookmark this reply Add Dcadon to your friends list Get a Link to this Reply
I'm thinking...maybe not now...but in a few years, after this recent spiking of silver prices have put thousands upon thousands (if not millions)of dollars in old coins in the melting pot, the rarity of what is left could turn the tables on what is considered collectible and what remains as "junk".
Edited by Dcadon
06/29/2012 09:21 am
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trout1105's Avatar
Australia
7096 Posts
 Posted 06/29/2012  09:33 am  Show Profile   Bookmark this reply Add trout1105 to your friends list Get a Link to this Reply

Quote:
I'm thinking...maybe not now...but in a few years, after this recent spiking of silver prices have put thousands upon thousands (if not millions)of dollars in old coins in the melting pot, the rarity of what is left could turn the tables on what is considered collectible and what remains as "junk".



There are a lot of "junk looking" early US silver and copper coins that are getting good prices now.
Who knows what our so called junk will be worth in a few decades.
I presume that there will be a larger collector base with only a limited supply of old coins to go around in the decades to come
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swrbxxx's Avatar
Canada
834 Posts
 Posted 06/29/2012  09:51 am  Show Profile   Bookmark this reply Add swrbxxx to your friends list Get a Link to this Reply
I have bought close to $2000 fv of silver junk over the last few years
I can tell you I've obtained many BU rolls at spot, a bunch of BU coins at spot, have put together a roll of 1948 quarters and dimes from the junk bins, as well I have obtained some low grade rarer coins such as 1947 dot quarter
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kuh_85's Avatar
Canada
2366 Posts
 Posted 06/29/2012  12:25 pm  Show Profile   Bookmark this reply Add kuh_85 to your friends list Get a Link to this Reply
If you take a spin through the prices shown here http://www.coinsandcanada.com/coins-prices.php you'll see which ones have additional numismatic value (they stand out as having higher prices at the lower grades) and be able to check if you have any of them. You'll see that most of them have to be at least VG8 to have value higher than spot with only a couple of exceptions (1927 & 1936 particularly). Remember, those prior to 1920 are sterling .925 silver and those 1920 and later are 80% silver. Also, with the Mint's Alloy Recovery Program running (that I saw mentioned in another thread) these might start to become rarer over the years.
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