Latest Score of Constitutional Silver

Picked up $30 face in Walking Liberty and Franklin halves along with $25 face in Mercury dimes. Local seller was willing to part at what worked out to 9x face so of course I bought it all.

Found this very nice condition common Walker in the bag and set it aside. I don’t think Ive ever found one this good in a “junk” buy before so that made me happy.

 

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Always sweet to get a deal.

 

Congrats! The 1942-s appears to be in the AU-55 to 58 range. Nice haul!

 

A nice pile of wonderful goodies!

 

Constitutional silver?

 

Not sure if you’re messing with me or not? I’m pretty sure you know what that pile of coins is called though

Take your pick...

90% Silver
Constitutional Silver
Or just plain Junk Silver

I may be missing a couple other names for it?

 

I had heard that term before. I believe from the investor houses and the like. I knew what you were talking about when I saw the thread title. I believe it to be more "investor speak" than numismatic lingo.... Though I do believe your description to be accurate....... Just wishing I could find a pile like that under spot!

 

I've never heard the term constitutional silver before. Thought maybe that you found some silver while on your evening constitutional.

 

I had to follow a beagle around for two days once for a similar infraction. Never a corgi though.

 

Well, if and when you do, you won't find any silver! lol

 

A link explaining the term
http://www.mnmworldadventures.com/2017/01/18/the-pros-and-cons-of-constitutional-silver/

I thought it was a common term?

 

Nice haul.
CONSTITUTIONAL SILVER
Lady liberty, Ben Franklin....yeah they have a little to do with the constitution.

I had pictured the uss constitution rounds in my head....
Then there is a bar version.

 

great find

 

great deal!!!

 

Nice find , but is 9x face value a good deal? Is that $495.00 total?

 

It’s the best deal ive gotten in years. Every online dealer is much higher...especially for walkers and franklins. If you go to a LCS here you’ll pay 10-10.5..hell I even went to one on Monday and he wanted to charge 12x!! I told him to have a nice day.

 

I figured it was going to be a fiat vs legal tender thread, lol.

 

That. The phrase "Constitutional silver" makes perfect sense, since it is right there in Article 1 Section 10. It's just that discussions featuring that phrase often lead off into certain overgrown fields that I try not to wade into anymore. (It's those darn chiggers.)

 

It uses the term, but doesn't explain or define it. Its use comes from those groups that mistaken believe that according to the Constitution the only legal money is gold or silver coin. The Constitution gives the Federal Government the power to "coin money and regulate the value thereof". Coin is a verb meaning "to create" so the Constitution gives the government the power to create money and regulate its value. It does not restrict it to gold and silver coins only.

Yes Article 1 section 10, that refers to the STATES not making anything but gold or silver a legal tender. Does not relate to what the Federal government can make a legal tender. And the phrase "constitutional silver is NOT in the article.

 

All I know is that the term is used everywhere from LCS’s to every YouTube video on silver out there. I just like the sound of it much better than Junk. It’s not that big of a deal really...just another name for 90%.