Welcome everyone, on this channel I will be sharing my scrapping and recycling journey with you. Besides that, I will be showing you how I recover different types of commodities from other people's waste and turn it into money.
I don't normally respond to old videos, but since this was in my feed and hopefully my comment helps someone else, I'll leave a comment. I disagree with the video's sentiment. First of all, I buy silver and gold as a form of savings. I am not a numismatic guy...I buy bullion as a savings vehicle, not an investing vehicle. If I make a few bucks along the way, great! If not, then I can write the loss off in my taxes. If you have a choice to buy a tube of silver buffaloes or a tube of silver eagles, and price is the same, you are buying eagles! Hands down. You want that additional value, if you can afford it and/or it's on sale! Between Costco, Walmart and eBay, there are tons of opportunities to stack bullion at near spot prices. No one has to "hawk tuah" the owner of an LCS to get a good deal...😂
Please learn about silver. If you scrapped that small gilt spoon, that is historical vandalism. Probabaly William Chawner and worth a lot more as an antique. That's the real fail.
No. It's not. Nothing historical there, quite new stuff. Wilkens. So... don't want to be rude, but I guess I'm not the one that needs to learn about silver. Besides that, you are of course right that it would not be financially smart to scrap historical silverware. However, it would still be mine, and I can do whatever I want with the things that belong to me, and you can do that too. That's not vandalism, vandalism is intentionally damaging other people's property.
@@scrappingadventures290 Be rude. I have thick skin when it comes to these matters. History belongs to us all. Saying you can do what you want with it, though true, displays a lack of maturity. I have been a collector for 40 years and can tell a nice piece when I see one, even if the marks are not clear on the video. I repeat, it is historical vandalism of the highest order. I have said all I have to say on the matter and would only implore you to not be a Philistine in your future endeavours.
Sure, but like I said, that thing was Wilkens, maybe 30 years old, nothing historical. History of course belongs to us all, but physical items do not. After all, if someone wants to buy something, all of my stuff is for sale. I'd very happily make a few extra dollars on something that's still in demand. No one wanted to, so that's that as far as I'm concerned. By the way, without people like me, none of those old things would be worth anything today, as they would all still be around and there wouldn't be enough demand to justify pricetags outside of melt value. So, you're welcome, I guess 😂
I came here to hear what reason you had why not to buy bullion. After listening to the end. I can totally relate. Buying semi-numismatic just makes sense.
I don't think so. Life it too short to buy ugly stuff. Sure, some low premium coins are OK, but most of them are very much mediocre. I'd rather get something that I like for the money I spend, but that's just my opinion. I don't think that a few bucks will matter one bit, considering where silver is headed in the future.
I really don't know the US Precious metals market, but I think you are missing one important aspect of Bullion coins: Liquidity. This means they are well recognized coins/rounds that are easier to sell in case of a hurry in need for cash or even an emergency. Collectibles can be very expensive and rare, and because of that, far harder to sell by the same price you paid for them or take profit, in case you could need cash quickly at a given moment. I think having the best of two worlds (Bullion/Premium) is a good thing and they don't have to be in oposition.
Nope, seems to be really hard to understand, most people don't understand this, but it is literally worth less when you take it apart. See, when you bring electric motors to the scrap yard, you are paid for them by weight. They can't process them and then give you your money based on the amount of stuff that was actually in there, so the guess and pay a fixed rate. This fixed rate is more than the metals would be worth individually. So they take a loss here, but make it back twice with the next one that has more copper in it. Got it? :)
Hey Bubba can we get something I know it seems like it's pointless however I really enjoy your videos. So do it for a friend you really don't know. Thanks in advance plus it's a new year
If you like shiny things (like me) they’re nice to have. I’ve got SE’s and Maple leafs along with some Buffalos and a few others. I like having a little bit of BU coins in capsules. But for the most part, I buy silver as a hedge. Bars, rounds, barter bits etc. I’m not even what you’d call an investor in gold and silver. It’s just a hard asset, put away for HARD times.
Absolutely, and you probably are in the US, so you can do that somewhat easily, unfortunately we have to pay 20% tax on silver, that was the reason why everything was trading at at least 35% over spot at the time I made the video, but it has gone down quite a bit since then, fortunately.
Damn! A 20% tax on silver? Each state in America has its own sales tax policy. In my state there is no sales tax, so grateful for that. But the state just south of me charges 6 1/2%. Man that’s a bummer. But it’s still well worth it to keep buying! Best wishes for the new year to you.
That's really nice, I hope we can get rid of this damn tax again in the future, typical left wing government, said oh, we will tax the richt! Then they figured out that "the richt" are paying their bills and just taxed the middle and working class, way easier 🤣🤣 I hope we can get rid of them and this bogus tax in the next election, let's see.
Most scrappers are like that tho ;) Think about it, you are just never going to hear anything about good scrappers, as they come when there are little to no people around and disappear again, taking stuff that's literally trash, so no one cares if it got taken by the garbage men or a scrapper. Usually it's a scrapper that took it, we just assume that the garbage men took it, because we've never seen scrappers around. I can guarantee you that you are visited by literally hundreds of scrappers every year if you live in a city, they are just a bunch of not very social, hard working people that don't want to just live on government aid, eventhough they got into an unfortunate situation. It's like a tiny world right below your world that doesn't want to be noticed, so you only ever notice it when something goes wrong or someone screws something up, that's why some people have a negative idea of scrappers, eventhough they don't know 99% of the ones right under their nose. Hope that clears the situation up for you, scrapping got me out of a situation in life and I'm very thankful for it.
You need major shifts in the market to even break even 10oz and 1 kilo bars only. Don’t ever listen to all the major Chanel’s advising otherwise they all work for the mints and Ofcourse the coins are where they make the most profit
If you have Hires who know the Value , it's ok to Die with it . Most folks will need the Money and Sell it . The Thing is if you sell on the right day you can get a few Dollars Extra . It's a fun Hobby .
I came to the same realization a couple years ago, I wish I watched this video a year ago 🙂 What coins do you believe are the best for low premiums when they released but have incredible! Increase in value a couple years later?
Depends on the design honestly, that's what makes or brakes the profit. I am excited for the new lunar 3 dragons that are coming out next, if that design is good, they'll be good in the future. But don't hold them for too long, the lunar 2 started going down again after some time. I also like the Wedgetailed Eagles, they've been good for me too. But there are lots of good coins out there that have the potential to be sought after in the future, depends on what you're looking for :)
i have 2 yards near me and they pay about 12¢ a lb (steel) for these things, "they" call them electric motors... i can't bring myself to get such a lousy price so they're piling up, haven't really tried to get the copper yet, there seems to be several ways to go about breaking these things down... one of these days i'll find the time to figure something out. i doubt it'll be worth the labor but there's more than one way to factor worth/value, like calculating what you get compared to what the copper adds to the value, then you have to calculate how many you have and how much more you made by breaking them down, sans a per/hr calculation.
True, but as I'm getting 50 cents a kilo, so like 30 cents a pound, I get less money for all the different metals in there if I scrap those. So I would loose money if I scrap them, not a great plan 🙃 But of course, if you get next to nothing for them, you may as well scrap them, that'll be worth it. But be careful, there's no reason why they would scam you on that and give you good prices on the separated metals.
To make money you need to keep a constant eye on the spot price using live graphs. Buy when cheap and sell when high, buy the coins at various prices and then get the mean price of each coin. So if you have 6 coins of the same type (sovereign) then divide total paid price by 6. This gives you a starting guide to price when selling. I add at least 20% as this is what my local dealer takes as a cut I made the mistake of not keeping proper records when starting and found it hard to judge selling price The above method works for me, I only collect sovereigns as I find them easy to sell.
Your local dealer takes 20%!?!? Are you kidding me? I'm a precious metals and jewelry dealer now, that's why I'm not posting videos at the moment, but I'm taking 3% on a gold bullion coin, on a good day! Damn, that guy must have some really bloody loyal customers. You'd be out of business in a heartbeat over here with prices like that. But hey, good for him, I guess 😬😅
Think of it this way. A tenth ounce gold coin typically has about a 20% premium. You go out and buy 20 coins, you then throw away 4 of those coins. You then take the 16 coins you have left put them in a box and bury it. Then, sometime in the future you dig up the box and hope that there is more that 16 coins in your box.
Well, that's not the case here, soooo... no. Premium is 6-8% here. If I only buy 1oz Coins and I want to sell a little bit, I can't and have to sell the whole thing. Premium is not completely gone when you sell, the more premium something has, the more you get payed back. How do I know? I'm a bullion and jewelry dealer now, that's why I don't have time for videos right now.
I think there is value in a government backed currency because the government is actively going to go after and prosecute fakes. You actually have the secret service to discourage faking US BU coins, what does X non government mint have? If you can get at basically the same price I think BU is best. But if you can get at a much better deal, a generic round I think it good in terms of stacking a X amount to trade. The average Joe when it's SHTF with hyper inflation isn't going to care whether it's an Austrian BU or if APMEX silver round, to them 1 oz of silver is going to be 1 oz of silver and trade as such as long as they believe both are equally real silver.
Well, I guess they just don't care about chinese fakes then? I run a bullion company now, the amount of chinese fake eagle, kangaroos krügerrand and so on is astounding, so they either don't care, or it's not the case. Would be cool tho, I'll give you that. Thanks for watching 👍
Definition of a bullion coin: A coin thats struck to the lowest standard in order to keep production costs minimal in which can be passed to the customer whos looking to buy silver closest to spot as possible. Definition of a PROOF coin: A coin that is struck to the highest quality a mint can produce. If your a coin collector you should opt for proof finish coins. If your a stacker then you buy bullion. Simples, hope that clears up any milk spotting tears for american coin collectors buying the wrong grade of coin.
How much you pay for those coins in the video? And how much are they worth now? Where do you sell most of your coins at that you said you made 200-300%? Ebay?
Thank you, means a lot! Yes, I am, I want to start posting again at some point this year, I'm just very busy at the moment, I founded my own bullion company back in april and have had a lot of stuff to do ever since.
