Whats your 90% Silver recommendation ?

Discussion in 'Bullion Investing' started by mpcusa, Jun 8, 2017.

  1. Seattlite86

    Seattlite86 Well-Known Member

    They have the highest percentage of silver value relative to face value, but they do not have the highest silver content. Basically, you'd have to collect a whole bunch of war nickels to make up one half dollar or dollar. Better to collect a dollar instead of the nickels. Dimes have more silver value and are smaller. I don't recommend stocking up on nickels.
     
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  3. sakata

    sakata Devil's Advocate Supporter

    War nickels contain about 78% of the silver that a dime does. The are not as popular and are more bulky so I would not recommend them. Not, that is, unless your motivation for stacking is as a tool for barter in the future. For many people this their reason and so they get a few. I actually have a few as part of my overall diversification but they only make up a very small percentage of my total.
     
  4. Collecting Nut

    Collecting Nut Borderline Hoarder

    It's an inexpensive way to own silver. Silver war nickels, at today's prices, have a total melt value of $.98 cents per nickel. Since I can buy a $50.00 face bag for $.19 cents over spot, per ounce, it's cheap. Despite high mintages for the era, huge numbers of them were melted in the mid 1960's, according to government reports.

    Try to find a 1 oz. Silver Eagle for under $20.00. Try and find any 1 oz. silver bullion for under $19.00. It's easy to pick up war nickels for that price. It's just a great buy for the silver content. $1.00 face of war nickels is equal to about 1.125 troy ounces of silver and that can be purchased for under $20.00.

    And lastly, I like them. :)
     
    Seattlite86 likes this.
  5. Dougmeister

    Dougmeister The Coin Scavenger © ¯\_(ツ)_/¯

    Yes, but if you have equal amounts of 90% and 35% total silver content to sell, won't you get a higher percentage back on your investment when selling the 90% because it is easier for them to process?
     
  6. Justinokay

    Justinokay Member

    The best one for me are Morgans.
     
  7. Collecting Nut

    Collecting Nut Borderline Hoarder

    Yes but then you're paying more for the 90%.
     
    Seattlite86 likes this.
  8. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER" Supporter

    Yeah, saw that on my other thread..LOL
     
  9. NickJersey

    NickJersey Member

    I like the war nickels because with the exception of wheat pennies they are the most common to find in circulation. I find 1 to 8 wheat pennies a day, usually 2 nickels (war or Indian) a week, and silver dimes or quarters less frequently. Silver half dollars less often but usually several at a time.
     
  10. myownprivy

    myownprivy Active Member

    Most 90% American junk can be purchased close to spot or a little over. Most will be bought back at just below spot.

    Most 80% Canadian junk can be purchased at spot or slightly below. Most will be bought back a little below spot.

    War Nickels and 40% halves can be purchased at spot or slightly below. All will be bought back below spot.

    Your margins selling back on 90% American junk and 80% Canadian junk will be about the same, but American 90% junk will be the easiest. Your margins will be terrible on War Nickels and 40% halves and will be hard to sell back.


    So what should you buy?
    First and foremost American 90% junk. Secondly Canadian junk if you like it and live in an area where selling it back is easy. Never buy war nickels or 40% halves.
     
    mikenoodle, asheland and Seattlite86 like this.
  11. Jax coins

    Jax coins New Member

    I beleve that dimes are the best, with little to no premium, you can get some silver. also, if you are on a budget, than these would be an awesome choice!
     
  12. KevinS

    KevinS Junior Member

    I spend Saturday mornings going through my local coin shop's "junk" silver buckets. Pay a small premium over spot. Every now and then, they miss a real beauty. Pulled a XF45 1921 Mercury dime (for less than $1) and numerous 1921 Walking Liberty Halves (P,D,S-AG-VG) over the last few years (for about $10 each). I pull a lot of the early dates with good mint marks. Can't stand the thought of them going to melt.
     
    asheland likes this.
  13. asheland

    asheland The Silver Lion

    I prefer Franklin halves with little wear when available.
     
  14. Don P

    Don P Member

    ASE's are best for me. You'll pay a premium for Morgans and Peace dollars just for the historical value, except they are not .9999 fine silver like ASEs.

    Right now, you can buy cull ASEs for about $19/coin.
     
  15. ToughCOINS

    ToughCOINS Dealer Member Moderator

    This claim seems pretty baseless to me. The rationale behind owning 90% coinage over bar silver is that it facilitates specie exchange in very small, easily identifiable units. It is neither practical, nor intended for storage and recovery of vast amounts of wealth.

    Who will actually weigh the 90% silver coinage you plan to redeem when the time comes . . . ? Probably only a large dealer buying in bulk, and buying back of silver as a fee for handling the coins.

    It is not likely that redemption by any other means will have the other party measuring the silver content on a scale. Not only would the differences in value be insignificant in small, non-bulk transactions - the very notion that someone will take the time to weigh it if not a bulk transaction defies common sense.

    Untrue . . . silver dollars are of exactly the same composition as the lesser denominations.
     
    asheland likes this.
  16. mikenoodle

    mikenoodle The Village Idiot

    I think he was referring to the fact that Silver Dollars are heavier than 2 Silver Half Dollars, nothing more.
     
  17. NickJersey

    NickJersey Member

    I think he is referring to the American Eagle Silver Dollars which are .999 silver instead of the .90 of normal silver coins.
     
  18. myownprivy

    myownprivy Active Member

    This is a junk silver thread. (I.e. circulated currency containing silver, e.g. not bullion, commemoratives, etc). American Silver Eagles have no business being discussed here.
     
  19. Seattlite86

    Seattlite86 Well-Known Member

    ehh... I generally don't mind being that guy, but since the thread is called 90% silver recommendations, then I feel inclined to tell you that your 80% Canadian recommendations do not fit the thread parameters and "have no business being discussed here". Lighten up buddy. The person who started the thread wanted recommendations for silver stacking. He even asked about war nickels, which also do not have 90% silver content. If someone wants to recommend ASEs, let them. All you (and now I) are doing is filling this thread with needless comments (my apologies to the OP for adding to it, I won't do it again!)
     
  20. rte

    rte Well-Known Member

    Id steer clear of the war nickles unless there really cheap.
    90% is easier to refine.

    Dollar for dollar, I'll buy 100 year old coins over newer 90% in a heart beat.
    I personally like dollars, halfs, quarters, dimes, etc.... At 10x face in good shape, any and all is GTG.
     
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  21. Mr Roots

    Mr Roots Underneath The Bridge

    I think everyone should have $500 face value in junk. Not to hard to do over a few years no matter your income. I like coins that your avg 30 year old has never received in circulation. The more fractional the better.

    1. Mercury Dimes
    2. Standing Liberty Quarters
    3. Walking Liberty Halves
    4. Franklin Halves
    5. Anything Barbara Head
    6. If the price is right a few tubes of Peace and Morgan Dollars
     
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