what junk silver is" too good" to call junk ?

I know what you mean, I found a pair of 1935 d washingtons, good dates and mint marks , everything else is wore

I have them listed with a reserve just to see what happens 90 % SILVER

Will let you know what happens

 

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The question has still not been answered. Would Sterling, .90 fine, .825 fine., .750 fine, .5oo fine ??? Where do you draw the line ????

 

For me I don't see "junk" or think "bullion" but rather a piece of history and maybe a little extra "silver weight" incase I ever take the notion to cash it in but that's about as far as it goes (as I could never really bring myself to do it). I just love collecting silver U.S. coinage even though to some of you they are probably rated mostly junk but I don't mind not 1 iota when I hold a silver coin I always wonder what stories it could tell about it's journey through time and space on it's way to my hunble little collection. I don't know, it may sound a little whimsical but it's true. I just love history and think coins tell a little bit of the story, even if it's only to me I'm happy.

 

What is "junk silver"

Gentlemen;

I buy and sell coins on a part time. Depends on how long I have had the stuff in inventory and can it sell above melt? My interest is in turnover. I try to turn my collector inventory 3-4 times annually. On the other hand, well worn stuff is separated by fineness, then sold at a percentage of melt almost immediately.:greensmile:

The Old Sarge

 

Full-weight, high-mintage coins in extra-fine condition, HIGH GRADE stuff. Beyond what you can reasonably sell today a dealer for a dollar or more over intrinsic, anything less is JUNK: just not worth your time to "collect." Now's the time to start trading up, get the very best quality and rarest of whatever, IMO. (Or buy junk silver at scrap rates, not a penny more.) Why? In the USA, coin-collecting is becoming a regional and generational demographic. You really don't need to wonder if the next generation (in Bz, India, China) will want to collect your worn US silver coinage: assuredly, they won't.

I might be a heretic here, but the US numismatic racket is dying. Even reasonable 'collectibles' are tanking right now - that's the established trend, as Boomers liquidate to survive. (Older, out-of-print books' values are also plummeting - resale buyers offer 15% what they think they can get. And to think how VALUABLE personal libraries once were!) As I see here how folks are actually burning gas to hit banks and scavenge through dozens of coin rolls for that last thin dime, OH GAWD IT'S PEAKED. btw, those are the same geezers who bought Beanie Babies "as an investment" back in the late 1990s: follow them I will not.
http://www.forteantimes.com/features/articles/1508/banking_with_beanies.html

Attention Junk Collectors: yer crud is worthless.
http://finance.yahoo.com/news/pf_article_113722.html

 

Do higher quality condition coins fall into the junk category>|? It seems so fo some. How do MS-66 or proof silver Kennedy half dollars, Roosevelt dimes, Washington quarters, etc rate? Worth hanging on too or junk?

 

THIS is what the gasoline-wasting 'Thin Dime Chasers' need to know: real dealers won't pay what they imagine it's "worth." Refiners pay LESS.*

a) In fact, they UNLOAD lousy Merc wafers by the thousands, in bulk lots of 0.90 Fine troy pounds.
b) "Sold at a percentage of melt" means DISCOUNTED TO SPOT/ BID. Refiners will pay less* to cover their costs (how much the discount, depends.) And if you go through a middle-man (LCS), s/he'll take his cut too.
c) Not to be confused with a 'collectible,' 'junk silver' is effectively worth-less: literally, it's JUNK. (And I'm not denying even manure has some value.)

Very low margins means it's just not lucrative to open hundreds of dime coin-rolls. I'm shocked so many rank amateurs miss that obvious, glaring truth. Can you think of anything more pathetic than someone wasting Hours/Days/Weeks of Life, manically chasing that elusive Last Silver Dime? Think of poor Keno gamblers, Scratch-&-Losers and the like, or Oxy addicts scrambling for the next fix. Pity them! There are other of means to collect much greater amounts of valuable Silver at low cost, without burning lots of ga$ and time (that most precious commodity.) And has anyone stopped to consider at least one alternative: that refining one's soul might be an infintely more valuable excercise & endeavor at this point in Life?

I'm certainly not opposed to scrap-metal collecting (on the contrary, I've been on the real asset bandwagon since 2002) or 'the PM business,' but I see here how 'Silver Lust' can blind a man or woman to Reason. I hope (pray) I never lose my mind that way.


* Look at this refiner's site and see what you'd REALLY get paid (Minimum lot: $250, 2 Troy Pounds) : http://www.midstatesrecycling.com/refining_schedule/silver-metallics-80-95-sterling-silver

When the Silver Price is USD 31.61, .925 Silver is $29.24 >>> Refiner's BID, net all costs: just $19.33 per Troy Ounce.