1964 Kennedy Half Dollars and other junk silver?

Discussion in 'Bullion Investing' started by appliancejunk, Sep 17, 2012.

  1. appliancejunk

    appliancejunk Silver Bullion Investor

    As a bullion investor do you feel the 1964 Kennedy half dollars are worth stacking for the 90% silver?

    Most of my bullion collection consist of ASE and ML's, but I have a small hand full of junk silver I'm trying to decide what to do with.

    I'm taking a road trip to a coin shop this week and I'm trying to decide if I should see what the coin shop will give me for my junk silver or just keep them and start putting together some rolls to put away with my ASE and ML rolls.

    Here is what little I have in junk silver. I have checked the dimes for key dates and did not find any.

    1x 1923 Dollar

    2x 1944 Walking Liberty Dollar

    2x 1964 Kennedy Half Dollar (90% Silver)

    8x 1965-1970 Half Dollar (40% silver)

    3x 1932-1964 Washington Quarter

    26x 1916-1945 Mercury Dime

    6x 1946-1964 Roosevelt Dime

    I'm thinking of...

    1. Selling it and using the funds to buy more ASE/ML's.
    2. Add to it until I get enough for a roll and then put them away with my ASE and ML's.

    As a bullion investor what would you do with this small collection of junk silver?
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  3. Irish2Ice

    Irish2Ice Member

    True "Junk" silver coins, regardless of what they actually are, ARE bullion. They are round gobs of 90% silver.

    Why would a bright shiny ASE be more "bullion" than a ratty old dirty 64 kennedy?
  4. rickmp

    rickmp Frequently flatulent.

    .900 vs. .999 is the only difference.
  5. appliancejunk

    appliancejunk Silver Bullion Investor

    That is true, but the more I spend on junk silver the less I have to spend on ASE's.

    On the other hand I have never sold a silver U.S. coin and don't know if I could get myself to let go of them, lol...

    Thinking I best just hang onto them for now. I just know if I sell them I will be sorry. Don't think I will ever be sorry for keeping them. ;)
  6. beachbum99

    beachbum99 Member

    Keep the 90%.

    Always good to have both (90% and ASEs/Maples)!
  7. InfleXion

    InfleXion Wealth Preserver

    ASE's are nice because they are legal tender in the US so if silver is remonetized they will be more desirable here at home. Also being 999 fine means that they are more desirable than junk silver for refiners who will not have to expend efforts to further refine the 90% coins.

    The nice thing about junk silver is that it's roughly the same composition as sterling silver and can be useful if that is the goal. Plus they are more liquid being in smaller weight, and they are also recognizeable worldwide.

    As such, I like to have both. I prefer eagles for stacking, but I do love 90% Kennedy's.
  8. appliancejunk

    appliancejunk Silver Bullion Investor

    Keeping them won't turn me into a coin collector will it? ;)

    I don't really consider myself a coin collector now, but a bullion investor.
  9. Irish2Ice

    Irish2Ice Member

    LOL, yes it does. hehe
    True investors don't mind selling when they know they should. :D
  10. rickmp

    rickmp Frequently flatulent.

    Will one suck on the meth pipe make you an addict?
  11. appliancejunk

    appliancejunk Silver Bullion Investor

  12. Prime Mover

    Prime Mover Active Member

    When I first started going through the collection, I was getting rid of the 90% coins, and converting them to .999 bullion (had a good contact who was giving me spot on buy and sell). I've regretted doing that since, and have started to re-build my stash of 90%. I just happen to like having the variation of coins as well as bullion.

    You've got PM.
  13. appliancejunk

    appliancejunk Silver Bullion Investor

    Prime Mover,

    Reply sent to both your PM. The new one and the old PM.
    Sorry for not getting back to you sooner on the older PM.

    Anyway you guys have talked me into keeping the junk silver and I'm going to work on adding to the 1964 Kennedy Half's.
  14. DarioEM

    DarioEM Member

    I'm in the same boat, once they're gone there's no turning back or much harder to get back into your possession.
  15. easj3699

    easj3699 Well-Known Member

    95% of my bullion buying is 90% silver. buying silver for spot beats paying a few bucks over an oz. in my opinion. and if you shop you can usually sell to a dealer 2x back of spot.
  16. Cloudsweeper99

    Cloudsweeper99 Treasure Hunter

    At one time, 90% junk silver was just about the only game in town and therefore worth buying. But now one ounce bullion coins are the preference of a lot [most?] bullion collectors and will probably always command at least a slight premium to the junk. That said, 1964 Kennedys are still silver and worth having as long as you can buy at a discount to, say, ASEs on a per ounce basis.
  17. aandabooks

    aandabooks Member

    At the price we are at now, mid-$34, buy whichever has the lowest premium to spot. The ASE/ML bullion will probably sell at spot or just a little back of spot. The 90% will take a $3-8 below melt hit if you go to sell.

    I am just about done buying at the price we are at now. I did stop by my LCS and picked up 5 older Libertads for spot + $2. They didn't have any junk or I would have bought that and paid melt.

    If you're going to stack halves, go with WL or Franklins. 1964 Kennedy's are uninteresting.
  18. appliancejunk

    appliancejunk Silver Bullion Investor

    What else you looking at buying then?

    I was thinking the same thing, but it's hard to stop buying.

    Yesterday I was in a coin shop and asked how much for the 2012 ASE?

    $40.00 each!

    I was kind of shocked at the price, but I had my mind set on picking some up well I was there because I don't get to the coin shop often.

    I have been picking mixed dates of ASE's off of ebay for less then that with shipping included.

    As I was still in shock over hearing $40.00/each I said, "I'll take five".

    He then ending up selling them to me for $39.00/each. Made me feel a bit better. Then I got home with them, added them to a tube and felt really good about my purchase. :)

    The lady in front of me at the coin shop sold him a bunch of Kennedy 1964 halves for $10.00 each.

    He counted them out, gave her a total price and said that's 20x face value and asked if she would like to go ahead and sell them for that, she did.

  19. Prime Mover

    Prime Mover Active Member

    Damn. I would've turned to the lady and offered $10.50... melt on them is $12.50, a much better per-ounce value than the ASE's.

  20. appliancejunk

    appliancejunk Silver Bullion Investor

    Yes I know, the thought of coarse entered my mind, but I did not feel it was the proper thing to do.
  21. wgpjr

    wgpjr Collector

    If you would have done that, you would have probably been kicked out of the store.
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