What is your favorite denomination for 90% US Junk?

so you're buying morgans for 17 bucks, right?

 

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I believe $18 is spot, but the last batch of 11 I got, I paid 200.

 

that's not spot, and I haven't found them for spot. wish I could.

 

Its not? $17.61 is spot. 18.18 is what I paid, so yeah I guess that 50 cents could be called a premium, but seeing guys paying $25-30, I call it close enough to spot.

 

I'm not paying 25-30 with spot prices the way they are. I'll buy maples and bars for awhile. your deal was a good one.

 

I think that is the whole point of the thread. What kind of dateless (i.e., JUNK) silver coin do you like the most?

I too like the Liberty quarters. For some reason I also find them to be the junk US coin I encounter the most in dateless (junk) condition. Dateless Mercury dimes come a close second. Perhaps because of their larger size, I have yet to encounter a Morgan or Peace silver dollar in a truly dateless condition. I do see dateless Barber coins, but they usually are trading for more money than do Liberty or Washington quarters. So, I pass on them. Again, I have only a few dateless Washingtons, or Roosevelts and rarely encounter them. I think something was happening in the 1920s (the Depression?) and coins circulating in that era tend to have a lot more wear than coins from earlier or later years. Even Buffalo nickels tend to have lots more wear than early Barber or Jefferson nickels. <I recognize that the early V nickels and half dimes in fair or better condition probably were culled by collectors before the Depression began, while the others mostly probably simply totally wore out in the Depression era, to the extent we see only a few of those in Junk bins.> I suspect the coins were being passed around hand to hand in small barters a lot more prior to 1930 without making it to a bank or channels where the worn ones would be culled and melted down. Again, in that era, many of the rural banks where people had previously brought their deposits, closed and vanished, which meant the coins continued to pass from hand to hand instead of being brought to the bank.

BTW, the lack of stars on the reverse indicates to me the quarter in close up was probably a 1916 or an early 1917, but which one(?), which is why it is in my junk bin.

 

Of course you gotta also include the next step in the fantasy. In a true economic collapse most of the food, clothing and fuel distribution (etc.) corporate run systems will also be non-functional. In such a situation, what is a fare barter price in silver ounces for 20 gallons of good gasoline? How many silver dimes to have a deer or hog butchered? Will a pre butchered hog carcass be worth one Morgan, or two? One dime for two live chickens?

 

Dimes, I love the mercury dimes. Plus you can buy more for the dollar so you feel more satisfied.

 

Now breaking it down for each denominationimes: Definitely Mercuries. Nice looking coins. In fact I would not buy Rosies unless they were below spot (No political statement, it's just dimes are so small, only VF+ Mercuries seem worth it to me)Quarters: Definitely Washingtons. Easy to find in uncirculated. Standing Liberties are over rated imho. Would buy in F+ but that is unusual to see.Halves: 3 way tie! '64 Kennedys are nice lookinng and have the least wear. Not much variety though. Franklins are a more interesting series with many low mintages that could bring a premium someday. Walking Liberties are a lovely design, and with patience can be found in VF +Dollars: I like Peace Dollars and 1921 Morgans. Don't want to pay more for pre '21 Morgans. I like both designs equally, tho I know most people like Morgans betterI have one Barber dime, quarter, and half. Decent looking but grading no better than Good. Nice to have one of each, despite the wear.

 

We talking junk here, not VF. Junk as in below G3.

Barber supposedly used his daughter as the model. Can we say bow-wow? A shame the egotist didn't hire someone pretty. Standard of the time I guess. He probably liked Ruben paintings too. Whatever.

I think the attractiveness is probably why I like Mercuries over Roosies. However, undated Roosevelts aren't as common. By the time that dime emerged the banks were mostly open again.

I am torn between the liberty half dollar and the Franklin. One is from the days of my youth and they were almost always given out as part of the change when I used a borrowed dollar bill (had to return the change to Mom) to buy 10 cents worth of candy. The other is a pretty coin.

I find the Morgan front more artful than that of the Peace, but I like the reverse side of the Peace too.

 

I don't believe G3 exists, that's AG3

 

"Junk" typically means 90% with little or no numismatic value. Can be BU 1964 quarters or slick AG3 Barbers. I don't find VF Mercuries and Walking Liberty Halves every time I buy 90%, but with patience they can be found.

 

I voted for half dollars, but I like dimes as well.

 

According to the prices shown on cointrackers i.e., at http://cointrackers.com/coins/494/1964-washington-quarter/ a BU 1964 quarter with a numismatic value ranging from $6 - $14 but a current (as of this weekend) melt value of only $4.03 could not be considered junk.

To me, junk is junk. No value at all beyond the melt value. If you wish to swap BU 1964 quarters for some worn silver quarters with no date please let me know. I would be happy to assist with that as an even 1 for 1 trade. If that doesn't appeal to you, then perhaps the BU 1964 quarters aren't as valueless as you intimated.

 

why would I like a slick franklin more than a slick standing liberty?

 

You'd like it to emanate the shine like Ben's head?

 

What I think he means is that you can sometimes find 1964 Quarters BU for melt or a little north of melt. And I wouldn't use cointrackers, their prices are not very accurate. They list a 1998 P quarter in poor condition to be worth 65 cents...

 

Yes, WRSiegel. When I buy 90%, I can pick what I want from the bin. One of the reasons I love 90%. The best local price for 90% I have found in the last few weeks is 19.5 X faces value with no sales tax. You can do a little better online but then you don't get to choose your coins one by one. 90% premiums are a lot higher than they were a few months ago, but that is another topic. Anyway, I have found LOTS of BU quarters for no additional premium. Superc, you like me would rather have BU quarters than dateless ones. The good news is they don't really cost you more if you look around so you can get some easily. I would like to think that someday I can get a little more $ when selling them, but I think it is problematical. The best chance may be to sell them by the roll to a collector for maybe $20 more per roll. But no matter what I just LIKE, them, that is why they are one of my favorites!

 

I threw Cointrackers up there because it is fast, easy and accesible to anyone. Do they have disputable prices for some coins? Heck yeah. In fact one of my favorite frustrations there is two of my Morgan dollar variations (year & mint) aren't even listed in the selection box. Some users may have the Redbook. All of us have the Internet (or we couldn't be here). Truth be told none of the what is it worth sources, be they printed or online can be used to predict how much you will get for this or that coin. There are too many wildcards in the selling game. They just provide a general guide to determine if the coin is worth buying or keeping or not, and does it tend to bring more than a dateless junk coin? Will I accept dateless coins? Sure. I have a collection goal of acquiring 250 #s of easily liquidated (i.e., undated US silver coins) silver, and a long way to go. Dated coins don't count towards that goal with me and are for trading, acquiring, holding then selling so I can buy something else. I usually sell through Ebay. That place is impossible to predict. Pick a coin, find it on Ebay, then if your access is high enough check out the 'closed auction' and 'completed auction' screens. Prices all over the rainbow. One guy sold it for $10, but someone else got $130, etc., etc. Just last night I watched a one ounce 2012 ASEs in VF go for $75 there while another one described as MS69 went for $40. You can't predict in that atmosphere.

Absolutely I would prefer dated coins to non-dated coins. I almost always get more (and anticipate continuing to do so) selling something I can point to a Redbook or cointracker price vs. something undated I can only advertise as silver Liberty quarter (for instance), no date. Not that I am selling the junk yet.

Where we live makes a difference. I am in (outside really) a small town. There is a small coin shop, but that place doesn't carry undated quarters or dimes. Just coins with dates. He has no 90% bin. So, I buy those online. Like you say I can usually find the 'junk' coins for close to spot (plus a handling shipping fee). Doing so, I have yet to recover a BU anything.