Junk Silver, 90%, Constitutional, whatever you call it, it has value and this is how you calculate it. I hope this is an easy explanation how to calculate your actual Silver content on your junk silver.
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@silversleuth007Ай бұрын
The learning curve is not as steep as it used to be with generous teachers like you putting good information out there. Kudos.
@sherieward77075 күн бұрын
Awesome breakdown and explanation my friend. Thank you for taking the time to share this I appreciate you. Best wishes
@homesteadaquarius5 ай бұрын
Great job breaking this down for people, this makes it easy to understand. Yes sir, I love my stack of historic, fractional silver. Keep stacking!
@TheBrokeStacker5 ай бұрын
Thank you. You never know when you may find key dates in the junk bin. Enjoy the hunt 😊
@mikhailkalashnikov45995 ай бұрын
Sometimes it hard to see the forest because of the trees. Beginner stackers always get twisted up around "how many ounces is it"? Just know this: $1 face is supposed to weigh 25 grams per specs. To figure melt value of $1 face, simply multiply spot price x .715. Morgan and Peace dollars are an anomoly, and are not "junk" silver. They weigh 26.73 grams and contain .7734 OZT. Don't mix them, they get a higher premium anyway. Any combination of halves, quarters, and dimes goes with the face value/25 gram rule. Sellers will try to sell old worn coins by face value, buyers should be trying to weigh the coins to ascertain actual melt value. A bargain should be struck in the middle somewhere. FYI
@TheBrokeStacker5 ай бұрын
That is also an excellent way to access your holdings. I've found teaching new stackers, especially those that struggle with math, the easier way to remember is the $1.40:1ozt ratio for trading on the fly. Perhaps in the future, I'll do a video on specific coins potential weights. 😁
@heyzooz26 күн бұрын
Great video very informative. I learned a lot. I have lots of 1oz rounds and bars but wanted to get into junk silver but wasn't sure how it worked. This cleared up a lot of questions. Thank you
@TheBrokeStacker26 күн бұрын
Glad to help
@soulpatchjackson30765 ай бұрын
I scored 261 Roosevelt dimes and 3 quarters at a auction last Saturday. For 362.00... I did quite well. Just waited for everyone to run out of money.
@TheBrokeStacker5 ай бұрын
That's called playing the long game 😉.
@AnxiousStacker5 ай бұрын
Great explanation. I had a stack goal of having $140 face value in constitutional to make it easy and i thankfully got there before the prices on constitutional went crazy, but its nice seeing more and more deals on it in the community. Since im up to my 100 ozs silver weight in constitutional im not getting anymore until i see it much closer to spot than anything else. Its certainly a great way accumulating fractional silver for less than actual fractional silver premiums.
@TheBrokeStacker5 ай бұрын
Excellent. Reaching goals or exceeding them is always a great feeling. Diversification will help cover your ass. 🙂
@AnxiousStacker5 ай бұрын
@@TheBrokeStacker definitely right. Thanks mate
@SerpentSilver5 ай бұрын
Great video. I've seen others like it but I think you're the first I've seen put it on a scale and show the math.
@TheBrokeStacker5 ай бұрын
Thank you. I'm just showing a quick way to get a rough idea of how much silver you're buying with premiums
@darrensoldan59725 ай бұрын
Good explanation by far! Here in Canada they sell 90% by the gram and have a price based on spot price. Cheapest I've seen was $1.01 a gram cad = 0.75 cents usd.
@christophermccormick86705 ай бұрын
What’s not to like about Constitutional Silver?🤷🏽♂️
@veritasfiles5 ай бұрын
I just memorized the actual Silver weight for dollars, halves, quarters, and dimes so I just have to multiply the number I have by that number and then account for a bit of Silver loss. Good video though!
@TheBrokeStacker5 ай бұрын
Excellent. Not everyone is going to remember the exact decimal on the fly out in the field. That's why I made the focus of this video the easier to remember ratio of $1.4:1ozt for beginners. Thank you for the positive feedback 😊
@hotheadedjoelhaha5 ай бұрын
Good explanation!
@M.RInvestorChannel5 ай бұрын
Cool
@bobegan21215 ай бұрын
Thank you, but just so you know, a dollar as a peace dollar or a Morgan is going to weigh a tad more than 4 quarters Like Washington quarters. Also, There will always be a little bit of a premium with constitutional silver. So even though the spot price is 22.77, you will always pay a little premium over that.
@joshmarksberry22742 ай бұрын
Spot is way above 22.
@shufflesilver5 ай бұрын
You'll want to check my numbers and math but Silver dollars (Morgan and Peace) have a different silver content than $1.00 face of dimes, quarters, halves. IIRC... Halves, dimes, and quarters .730 troy oz UNC, .715 circulated Morgan's, Peace .773 troy oz UNC, .770 circulated
@TheBrokeStacker5 ай бұрын
All junk silver weights vary, especially after decades of use. This is just a vague ratio to get you close. Perhaps one day, if silver goes to thousands per ounce, we'll need to measure in micrograms. 🙃
@shufflesilver5 ай бұрын
@@TheBrokeStacker Take wear out of equation and these are the numbers... The amount of silver in a silver dollar is .7734 troy ounces of silver. The amount of silver in $1.00 face of quarters, halves, and/or dimes is .7234 troy ounces. Not sure why the mint would do it this way but they did.
@shufflesilver5 ай бұрын
@@TheBrokeStacker do you have a red book? If not let me know I will gladly mail you my extra one free of charge. It's a must have for any stacker and/or collector that deals with us coins.
@TheBrokeStacker5 ай бұрын
@shufflesilver Yes, when verifying the legitimacy of certain coins to rule out counterfeits, exact weights are important and these numbers can be found in the red book. Excellent point. As far as everyday constitutional silver goes, the $1.40: 1ozt is a useful tool for beginners to help get started on their stack. Perhaps in the future I'll do a video illustrating more exact numbers on 90% 😁
@stackerMannsrabbithole5 ай бұрын
Did you have to pay tax on your purchase? Ugh I hope I heard wrong. Good purchase tho, love that constitutional!
@TheBrokeStacker5 ай бұрын
Yes. It's the 6% sales tax of Idaho. I know, taxing the exchange of currency for real money is ridiculous
@bobegan21215 ай бұрын
In California, you pay tax for the first $2000 of silver. It went up from I believe $1500 at the beginning of 2023. Just like you now pay tax on eBay, or Amazon, or those kind of sites as of I believe 2020. In a state like Nebraska, as long as it is shipped to Nebraska, there is absolutely no tax charged, so that is good. You will usually find that the liberal states have a lot more tax charged. I Realize Idaho is not liberal, but if you buy it in a store in Idaho, as a walk-in, that probably is why you paid the 6% tax. If you purchased it from say Montana, I would not think that you would have tax but that’s just a guess.
@jeffw53334 ай бұрын
I have been buying half dollars. Since the premiums of them were higher than dimes and quarters a few months ago. Hopefully it will happen again soon.
@Userhfdryjjgddf23 күн бұрын
@@TheBrokeStackeryou should take a drive to montana on your next big purchase of silver. No tax
@mangotango29094 ай бұрын
65 to 71 were not clad they were 40%ers
@TheBrokeStacker4 ай бұрын
Yes. If memory serves me correctly, 1965-1970 and 1976 Kennedy half dollars are 40% silver.
@jayhaddan79275 ай бұрын
Only the dollars have .77 the other coins have less then that, it’s like .74. Misinformation here