A Local Bullion Shop Owner talks about Junk Silver. Should you invest? 

Junk silver is the gateway drug to coin collecting.

My 90 percent doesn’t get offended. It just raises its premiums! Expensive personality complex!! Have a great New Year everyone

Back in the 70's I talked to an LCS owner and he said he would send loads of coins for melt. I asked him about the numismatic value and his answer was he was running a business with overhead and if melt was higher it was sent to melt to have cash available as soon as possible. This was at the time frame the Hunt Brothers had many selling off silver like crazy. Lines out the door with sellers.

Don't overextend yourself, that's a lesson I had to learn the hard way when I was much younger. Needless to say, I'm much more calculated with my buying decisions now, which helps me keep my silver for longer after I buy it rather than having to sell it a few weeks later to raise money for food.

Thanks, Speg. I've been watching Brian's videos with Vermillion for well over a year now and have been impressed with his integrity. He consistently advocates for rational approaches to stacking. No doubt because he has seen hundreds if not thousands of folks overextend because of the incessant fear and hype advanced by many PM channels and retailers. Brian is a voice of reason while bringing high levels of transparency to his buying/selling process. I'd never live in Florida but if I did, he'd get all my business.

I'll be coming to see you again soon.

I always appreciate how down to earth Brian is. Thanks for this interview, as always!

My collection of Morgan and peace dollars is on his table, in the cherry wood boxes . Actually was my dads collection . Didn’t want to see it go but property insurance is ridiculous in price. Grateful for your channel speg. Take care

It was beneficial for you to interview with this fellow. Thank you. You mention the idea when silver gets to be so high that it will go to the smelters. This brings to mind when I was fresh out of high school in 1963 working for REA. My boss come up to me and gave me a 38 special revolver telling me that I am to be a guard for a shipment of bags of silver coins going to the Denver Ment to be melted down for the 1964 Kennedy half dollars. There were heavy canvas bags of silver dimes, quarter and half dollars along with silver dollars. They were piled on skids to be put in reefer cars. If my memory is correct there at least four reefer box cars with floor covered with these skids. I tried to lift one bag. It took great effort for me to do so. My fellow works laughed saying they could see someone trying to steal this stuff running down the street. They couldn't get very far. thanks for taking time to video this. JH

I’m frequently in Florida and visit as many coin shops as possible every time. I love talking to knowledgeable shop owners! I enjoy buying and selling 💪😎👍🇺🇸💰🙏

unstable currency=unstable prices. We didn't sign up for being scammed. 1913 was a bad year for us

Thanks Spectacular and Brian . Great video and information. I noticed some Toning in the junk bin . Nice love 90%

So excited to see this video here-I have been wondering about junk silver FOREVER!!! I always see lots of interesting things on eBay!!🙂

Thank You for being honest and transparent

Speg! Another interesting topic and interview. Thanks.

Wow $1950 is a good price these days on a mint state liberty double eagle! I like the discussion you had, it's the debate I have and I want more pre-33 but believe the premium values will likely vanish after this hot period. And FYI, NGC's price on that coin is indeed exactly $2,200, you can definitely quote Brian on that!!!

This video is going to be my go to primer for anyone I try to get into stacking. I wish Brian wasn’t so busy every time I call. I wish you guys had clarified how much value was lost between a cleaned (cull) peace dollar and an uncleaned one. I polished a $20 double eagle gold piece (1896 VF) by mistake and I really want to know how much value I lost by doing that.

Great Interview and Information... Thanks!

Great Video and Content learned so much. Thank You

Great analogy as the price of constitutional silver is X's 24 unless YOU WANT TO SELL then it's back to spot price minus 10% 🧐🧐🤔😂🤣😉

Great video! Great information! I wish I still lived in Florida I would would definitely visit this shop! Keep stacking 🤘

Great info 👍 Thank you Guys.

Learned a lot. Thanks

You guys are really helpful to a green hunter. Thank you

Great job and enjoyed the insights of Brian and explanation of pre-33 gold vs. bullion

That’s great advice about beginning collections. I just started collecting coins a year ago and I started building albums with common coins in pocket change . As I learned more about the coins I was able to narrow down what I was interested in and now as I advance into costly coins from lcs im more knowledgeable about what they should cost

Great interviewing skills from both of y’all. Great information and show!

Cash is king right now. I'm a collector at heart so love pre 33. So... Wait for the numismatic value to get removed and then buy at bullion prices. Patience is what's needed. Great dialogue, thank you. Very refreshing!!

Two of the best on RU-vid, thanks!

love the vermillion vids ... thanks again!!

Outstanding Video, very informative. Thank You!

Always love Brian's videos. Straight shooter. Thanks Speg and thanks Brian!

I was so close to your shop last week I had to go to weeki wachi. I just didn't have enough time. Next time I will for sure.

Great video sir!

I love Constitutional Silver, and I always buy any Morgan’s I can find for $32 or less, and I buy all Peace Dollars I can find at $25 or less, in addition to keeping several hundred Dimes onhand in the event we ever revert to a barter style economy in difficult times..

A long video of stacking and collecting entertainment at a local coin shop, I love it thank you

YES, better to invest constitutional coins..gold and silver..it is precious metals ..

I love pre 33 gold the most.

I'm not really a "stacker" as such--more of a "type collector", but if I were socking away "silver for silver's sake", I might still prefer "Constitutional" just for its numismatic interest, and beyond that I might favor types where no clad variants exist to confuse matters (i.e., Mercuries vs. Roosevelts, Franklins or Walkers vs. Kennedys, and perhaps "visibly dated" Standing Liberties vs. Washingtons). A Mercury will always _look_ like old silver, even to the "unsophisticated", whereas even a pre-'65 Roosevelt too closely resembles any other humdrum clad dime.

Thank you gentlemen for the video.

I really have to commend you on your interviewing skills Speg! Very entertaining and insightful!

Great video. Very informative.

Outstanding Speg 😊

Speg love this vids on site. The more the merrier

Thank you Speg.

Great video👌 Lots and lots of coins 🙂

Here in the Northern California/S. Oregon area, the dealers buy YOUR 90% for more than generic rounds and 90% halves for more than 90% dimes and quarters. I wish ALL my past stacking was "junk"......

Mr. Brian said that $40. oz. silver would go to the refiners! Makes me sad. Never thought about that. Can't replace an obsolete coin, so I''ll probably just hang on to it for the grand babies. Thanks for the eye opener video.

Nice one speg. 🎉 love constitutional.

As always it's been a pleasure

I like the gold coins you bought ,

Great content.

It’s Brian 🎊 🎉

I prefer mercury dimes to Roosevelt dimes, and prefer Walking Liberty & Franklin halves to Kennedy halves, simply because you will immediately know they are 90% silver without having to check the date.

Good video!!

If you've never been to the South Brevard coin show in Melbourne, I'd like to invite you. We usually have over 30 dealers and several hundred people attending. Our shows are on the second Sunday of each month (including tomorrow Dec. 11th). I think you'd enjoy it! Mike Smith, President SBCC

Louisiana is impacted by the home insuarce debacle also. this year more that half of the policy writters dropped people in the middle of hurricane season.

This was excellent. Thank you.

It’s “junk” silver in that it has no numismatic value. In other words, it’s junk from a collector’s perspective. Its “only” value is its intrinsic value (from the metal content)… and that of course is the only value that matters to those of us who stack.

Hey it’s vermillion I like his content.

great video 👍👍👍

Of you can be good at quickly knowing and learning how to quickly buy small amounts of silver I think I would imho that is.. be kind of def buying if I had a store nearby that I know sells just pre 65 coins. Especially for timing as a hobby.. kind of like how I like to do with copper hence I well and for just for ig sentiment or sentimental value ig fwiw of one gallon ziploc bag of bare copper wire in my room fwiw just like back when I was doing at random every occasional not often but ueah scrapping of sutff.

Peace dollars are my favorite to collect.

I take "junk silver" as payment for service rendered right now. Basically dimes are $2.50, quarters are $5.00, halves are $10.00 and dollars are $20.00

I can only lock in a price over the phone (whether it's up or down) for 45 minutes. 😂♥️🙆🥳

I rent 4 houses and the county assesor and insurace company raiaes there rates every year! It sucks because I have to raise the rent. The government is not your friend.

Great interview words of wisdom for sure......years and years ago My LCS owner told me to stick to gold, and not buy silver. He advised you are always going to lose with silver he told me regardless of the silver generic or premium he would never pay over spot price regardless of what type of silver. I have purchased some silver throughout the years but mainly stuck to gold.

I actually love the toned worn look on 90% silver. What I don't like is when the coins get too worn out where the rim and parts of the design get worn down, especially if they are paper-thin slicks. That is why my favorite coins are in the F, VF, and XF grades. I even prefer them over AU and BU coins.

My lcs owner told me last week that a lot of people are selling a bunch of junk silver and some gold. He said this worries him

Mercury Dimes are a bonus because every one made is guaranteed to be 90%. Unlike Roosevelts there’s no guessing about it when the shtf.

Spot price should be your indicator when you should buy

90 percent that's what it is

Hello Jesse the old man here had to fall and break his hip very painful so now I can catch up on videos take care buddy

The problem is businesses seek this ridiculously high.

Yes this is why I buy 90 percent every chance I get. I can't have enough.

Oh damn I never thought of taxes being a thing for buying metal.. but fwiw ig because of the fact it is not fopd letalone unpreppared food. So naturallh ig it makes sense.. lol or cents

When it comes to dimes I prefer mercury dimes, not only because I like the dimes but it’s also easier to distinguish from the non silver dimes than the Roosevelts. Same reason that I prefer the walking liberty halves and Franklin halves. As for the quarters most of my 90% are washingtons since my LCS gets very few of the liberty quarters

Regarding the premiums why do dealers typically only buy junk coins at spot price and not willing to pay a premium to buy coins ? I feel dealers take advantage of their customers when buying only at spot and reselling at such high premiums……

Today's prices what's a good sale price on quarters and dimes?

I'm curious if junk silver is still worth stacking, given the current silver prices and high premiums on those coins compared to other silver coins or rounds. What are your thoughts? Thanks for sharing your expertise!

Visited Brian today! Got me some gold!!

"Junk Silver" terminology goes way back. It used to refer to ANY silver product that was less than 92% pure. Sterling is 92.5% silver.

Bee 🐝 well all

My point of view on pre-65 Silver is , if you want to call it junk great , but like the Coin Dealer said if it's junk you should give it to me or throw it in the trash , because that's where junk belongs ! Basically it's a by gone description that people just can't let go of , because the value that's placed on pre-65 Silver today is huge and I firmly believe in the coming decades that " junk silver " will no longer be used as people realize it's actual value .

Personally, while I agreeing there is a "numismatic premium" on Pre-33 I don't believe that premium will ever be completely wiped out. Innately the coins have a historic value and are MS (or high AU) compared to "junk silver" which is always very worn or incredibly common. The premiums definitely did get ridiculous but have come down pretty nicely. $1950 for a $20 Lib is a great price. Only 6% premium for something in that nice a condition over 100 years later. It's not in "MS condition" because it was taken straight from the mint and encapsulated and never touched like all bullion.

I want some culled gold coins. Those don't seem to pop up.

One thing I don't understand. The supply of gold and silver bullion is not limited. I'm reminded of the old Jay Leno Cheetos commercial where he says "Crunch all you want, we'll make more." Meanwhile the supply of 60-120 year old gold and silver coins is finite. Even in junk grade, there are people like myself who are willing to buy certain coin types or dates when we can afford it even if we get a tiny amount less precious metal than for collectable grades or standard bullion. Also in a crisis, the government may once again decide to ban private ownership of bullion whereas they can't ban actual legal tender coins. Furthermore, for anyone wanting fractional coinage for barter or whatever, the premiums on old dimes or quarters are generally much cheaper than 1/4 or 1/2 oz bullion items. So if the price of either metal was to shoot way up, I get it that the general public would be wanting to buy bullion because they know virtually nothing about junk coinage. But after those sales had been made, wouldn't there still be other stackers who were eager to buy junk coinage at a low premium just above melt? Why wouldn't a dealer choose to send his unsold non-collectable and replaceable bullion to the melt before sending constitutional coinage? And wouldn't a melter prefer to deal with .999 fine metal instead of having to separate out the different metals in 90% configuration? Please explain.

Brian is the GOAT!

I just bought X30 $10 libertys because you will not be able to find pre-33 in a couple years

I love my ms 65 st goudens Not for sale 💪😎👍🇺🇸💰🙏

Great info, although I'm a noob, I do question the statement of the kangaroo not having collectible status (maybe some time...); isn't anything affiliated as sovereign considered to have numismatic value? (granted, you'd want the run to be limited)

The problem with junk silver is that it is not marked as silver, so most people will not know or believe it has more value than face value, very risky for barder or shtf scinerios, ask some random person what a silver dime is worth and your answer will be 10cents almost every time

So old boy is selling junk for slightly under 20x is that right? Which isn’t bad that’s what I’ve been buying it for with no regrets

There is approxemently 10 times more silver than gold on earth. Thats all the math I know.

36:59 what do you mean 2022 is going to be a very interesting year?

How can I get my hands on some of those dimes, and quarters?

What if the coin has what looks like black tar covering the whole front of the coin so you can't see the date or anything else? What about the quarters you get stuck with that look like they were run over by a lawnmower? I wouldn't be asking if I hadn't come across them.

Wasn't it the banker scammers that called it "junk" ?

I'm in uk ....it used to cost me £180 per 3 months..now its £860 every 3 months I cannot afford to even turn my gas on...I'm thinking of getting it capped ....iv bourt a few electrical fires to compensate my 1 bed 1 room 1 kitchen bungalow to just electric......I cannot av my belongings or me going moldy or me dyeing ov the cold whether because iv ad newmonier twice in past I cannot stand the cold...hope are governments help us out as they av done 4 this first payment 4 times over my old bill...I'll av it capped the GAS I MEEN N WASH AT MY MAM N DADS HOME JUST SLEEP THERE AT MY HOUSE BE AT MY FAMILYS THROUGH DAY....HOPE WORLD GETTS BETTER 4 US ALL...GODBLESS UK N USA....

But tax will get you on sliver so if you're retiring make sure you don't forget to pay your taxes You know Uncle Sam has to have his