Junk Silver Picking

Discussion in 'Coin Chat' started by Mkm5, Jan 13, 2021 at 9:21 PM.

  1. Mkm5

    Mkm5 Active Member

    Found this one in a pile I was searching through. IMG_20210113_211757.jpg IMG_20210113_211821.jpg
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  3. -jeffB

    -jeffB Greshams LEO Supporter

    I will never consider AU Walkers "junk silver", whether or not they carry a numismatic premium.
  4. Mkm5

    Mkm5 Active Member

    Agreed! I usually refer to it as constitutional silver.
    TonkawaBill likes this.
  5. -jeffB

    -jeffB Greshams LEO Supporter

    Hmm. I think of "Constitutional silver" and "junk silver" as synonyms, just directed at different audiences or moods. I wouldn't use either term for a nice Walker or Merc -- unless, of course, I were making an offer to buy. ;)
    TonkawaBill, Kentucky and Mkm5 like this.
  6. RoseWesche

    RoseWesche Official "Crazy Cat Lady"

    Nice piece of “junk”!
    TonkawaBill, Bayern and Mkm5 like this.
  7. Collecting Nut

    Collecting Nut Borderline Hoarder

    Nice looking, especially for junk grade.
    TonkawaBill and Mkm5 like this.
  8. 1865King

    1865King Active Member

    Most likely the dealer had way more in stock than he wanted. This is very common. I have a dealer friend that would toss extra fine Morgan dollars in his junk silver dollar bin. When I asked him about it he told me that most collectors of Morgan dollars will only buy common date Morgan dollars in high AU and mint state grades. They have no interest in lower grade Morgan dollars. He told me they sell very fast when he does it. If he put them in his display case they could sit there for years. This is most likely the case with the Walker.
  9. Mkm5

    Mkm5 Active Member

    Yep, I've seen that too.

    This one I found in a lot of 100 Walkers the local jewelry shop just got in for scrap.

    Bought them all and sorted through finding a few nice ones, and also a few decent Barbers.

    Its kinda like coin roll hunting and stacking combined!
    TonkawaBill and Bayern like this.
  10. Mr.Q

    Mr.Q Well-Known Member

    Like Morgan's, all walkers are keepers. Thanks for the post.
    TonkawaBill likes this.
  11. 2x2 $averKrazy

    2x2 $averKrazy Hopelessly coined in

    I find the term junk silver insulting for a beautiful piece of american history such as Morgan's,liberty's,mercs ,etc,
    TonkawaBill and Jeffjay like this.
  12. Mkm5

    Mkm5 Active Member

    Same here.

    When I started this thread I typed constitutional then switched it to junk thinking it was the more familiar term.

    I often get funny looks when referring to constitutional, as not everyone is familiar with the term!
    TonkawaBill likes this.
  13. 2x2 $averKrazy

    2x2 $averKrazy Hopelessly coined in

    Yes to me ,if something is junk it's trash, and old iconic coins silver or not are definitely not trash, whom ever coined the term (no pun intended) should be ashamed!
    TonkawaBill likes this.
  14. Mountain Man

    Mountain Man Well-Known Member

    Wonderful find. That would bring me back, numerous times.
    TonkawaBill likes this.
  15. ja59

    ja59 Missing the Beach just not as much as ...

    LCS has got me calling all of it "90% silver". He doesn't like the term "junk". It's rubbed off on me. :happy:
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  16. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    I been playing with coins a mighty long time but never heard the term “Constitutional Silver” until I joined CT. Is that a new term? Something that sounds more marketable than junk silver?
    TonkawaBill likes this.
  17. -jeffB

    -jeffB Greshams LEO Supporter

    It plays into a certain popular mindset for a large subset of precious-metal enthusiasts. I've come across it fairly frequently, usually along with a lot of other opinions that aren't subjects for discussion here. ;)
  18. mike estes

    mike estes Active Member

    jeffB couldn't have said it better. beautiful coin.
    TonkawaBill likes this.
  19. dltsrq

    dltsrq Grumpy Old Man

    Cherrypicking better "junk" is a smart way to hedge against volatile metals prices.
    TonkawaBill, -jeffB and jb10000lakes like this.
  20. Mkm5

    Mkm5 Active Member

    Yes, that is exactly what I strive for!
    TonkawaBill likes this.
  21. thomas mozzillo

    thomas mozzillo Supporter! Supporter

    Nice pick up. If I saw coins looking like that, I'd buy them at "spot price" all day long.
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