I voted for 90% halves because: 1. Bigger is better, but 2. I have trouble thinking of silver dollars as "junk"
I'd prefer to have quarters, seems they'd be more recognizable in any situation where you'd want to barter (if that would ever actually happen). As far as finding silver though, I go through halves, as I've only ever found 1 silver quarter.
I voted quarters, since that is mostly what I have, but in reality I don't decriminate. I have dimes and dollars in sealed bags aswell.
I am curious because it seems to me that silver dollars, halves and dime are much more available than silver quarters. Also, my grandfathers collection contained several dollars, halves, and dimes but very few quarters. My experience is very limited so I was wondering if others have similar or completely different experiences. Personally, I prefer quarters mostly due to George Washington.
I prefer 90% Kennedy halves as they typically have less 'wear loss' than other types of junk bullion. The amount of wear is not that significant compared to the others, but it's there. I believe most $1000 junk silver bags are just weighed to 715 oz. and sold that way.
I noticed no one voted for 40% silver halves. I have more of these than anything else just because I have pulled them from circulation. There is one advantage they have if you buy them over other types of junk. Let's say you bought a bag of 40% silver halves and the bottom fell out of the silver market. Silver would have to fall to $3.38 an ounce before it would be economical to spend them. For a 90% it would have to fall to $1.38. Last time silver got close to $3.38 was in 1991. Last time it was was in 1973. I'm just saying you're downside is less if you decided to get out. If silver's industrial uses suddenly tapered off it could fall. It doesn't carry the magic gold does.
This is the same reason I go for quarters and I also find more silver halfs from my bank than anything else,(There making me rich.) And I have never pulled silver quarters,dimes from circulation.
May I ask what is the general re-sell value of these "junk" silver coins, like somewhere below, at, or above the silver spot price? I am only thinking in terms of bullion investment rather than collection, and I am just curious if the "junk" silver coins can be considered a reasonable option for bullion investment, and what would be the reasonable buy-in price. Thanks!
I just started buying some 90% dimes and quarters. They are for fractional use / barter of silver for SHTF insurance. But most of my silver is in 1 oz and 10 oz sizes. Don't plan on buying too much of 90%. Maybe $150 face in dimes? $100 in quarters? Or if Sunshine mint comes out with 1/4 oz silver that may do. One guy said that if silver ever gets to $100 each 90% dime will be about $9. So that is good small change. http://www.coinflation.com/silver_coin_values.html 90% on ebay sells for 13 to 14.5 times face. Pretty high priced. A local shop has it for 13 x face, but it is all presold to old cusomers ...so I never see it.
I like the larger coins: halves and dollars, but I would have been more likely to vote in this poll if there was an option for just 40% or 90% (junk) silver with no denomination associated. As for the 'silver dollars' choice in the poll this is not clear which percentage I would be voting for, plus there are ASE silver dollars that are .999 (sometimes sold in low quality as bullion that sells below premiums asked for BU bullion ASEs), Ike Silver dollars that are 40% and the other dollars that are 90%, which includes commemorative silver dollars (occasionally sold as junk by bullion dealers when they are banged up and not considered salable as a collectible). So, generally speaking, I prefer 90% in the larger coins or the .999 fine ASEs -- even in low quality condition.
