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 Replies: 9 / Views: 2,480 |
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Pillar of the Community
United States
586 Posts |
The best deal on $100 face junk silver today, is Provident Metals with $3.83 premium. And also from them, is the best price for ASE with $2.95 premium. Usually $100 face bag includes dimes (mostly rosie) or occasionally quarters (mostly washington); please don't tell me those have numismatic values.  |
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Bedrock of the Community
Australia
21788 Posts |
Buy junk silver World coins instead.
They will still always be junk, just like worn Roosies and Washingtons, but at least you can have fun building a rather interesting collection of World silver coins. When I am in the mood for buying this stuff, I search through dealers' junk boxes.
As a bonus I occasionally come across some interesting silver coins well over 100 years old for which I may be very happy to pay a numismatic premium. As another bonus I occasionally buy some very nice bronze coins as well, which have a purely numismatic value.
One of the problems with this approach, is you have to have some sort of practical working knowledge of the ASW of a wide range of World silver coins.
I only buy one or two silver coins at a time in this way, where I have guesstimated that the silver value is less that what I am paying for, in other words negative premium.
VERY slow method of building a junk silver collection. After 30 years of doing this, the total silver weight would not be much more than a kilogram, but that still works out to around 200 coins in the junk silver collection..
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Bedrock of the Community
United States
11951 Posts |
It's pretty simple
People buy what they like
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Valued Member
292 Posts |
I would pay it! I've actually seen some places drop junk silver prices as of recently. APMEX had a deal on $100 bags for under $13:1 face. |
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Pillar of the Community
United States
4333 Posts |
I'm seeing only a $2.65 premium on 90% with Provident, 12.9 X face.
It's cheap. Many preppers are buying this stuff up, and building stacks of recognizable US junk silver for if SHTF, and for possible use in barter, or just a safe storage of wealth.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
 United States
586 Posts |
@fistfulladirt,
The $2.65 premium you saw, was per $1 face; not per oz. This is a trick usually played by the dealer; when they specify premium by coin, not by oz.
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Pillar of the Community
United States
4333 Posts |
@leon1998
You are correct.
Those tricky devils.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
United States
586 Posts |
@fistfulladirt,
I am NOT trying to demonize bullion dealers; after all it is them who provide us the product and service. The LCS I frequent, they're honest people and never lie to me on any coins that I don't know. But you do have to watch out for those sales gimmicks online.
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Pillar of the Community
United States
509 Posts |
I guess it depends on the purpose of your stacking.. I try to fill albums through junk bins and cherry pick better looking or lower mintage coins so I don't mind paying my LCS a premium (14x as of last week) to pick through 350 dimes to pick up $3 FV or $120 worth or quarters to get a dozen coins. If I was buying rolls to sit on and they were all bent and dateless I'd likely have a different feeling.
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Pillar of the Community
United States
586 Posts |
@CLS12,
Agree. Sometimes I also cherry picks Silver proof quarters (states and territories) from LCS for 13X or 14X. Ocassionally I finds Washington half dollar BU/proof; at the same multiples.
I gladly paid the premium.
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Replies: 9 / Views: 2,480 |
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Posted 11/23/2015 10:04 pm
