@@tho464 I agree 💯. Tim talks about politics pretty much 90% of the time.. none wrong with it but I mean if we wanted to watch and hear politics, we'd tune in to Fox news or NBC 😬 Either way Tim has tons of knowledge too. 👍
Trust me, if silver price goes much much higher, smelters wouldn't mind melting down war nickels and 40% Kennedy's though I still think they're perfect the way they are and ready for barter. It's obvious, the reason they prefer melting 90% as the spot price is so ridiculously low even mining industry will mostly only mine silver as a bi-product. If they will scrap old PC boards, then they'll definitely do War nickels and 40%.
These two guys are 100% awesome. If I'm ever in Oregon, I will stop by and buy some silver. Great video. I would love to listen to Harry and Tim have a sit down. Please keep interviewing Harry. He's a rock star. The other gentleman is awesome too.
@@Bobbydazzlla We were there at the perfect time for the 2000 millennium year 50 cent piece to be just hitting circulation, So I have about a half dozen that are perfect.
@@earlgendron4893 Check out the coloured 50 cent coin in the proof set that was brought out in 2012. One of my favourites. Those Millennium flag coins are fetching a good price. The rarer ones have an incused flag on them. That means if the cross in the center of the union jack on the flag goes in instead of out, it's super rare. Might pay to check them.
I bid on lots of 90% silver and 999 fine daily, typically win average of one auction per day. Its fun getting home from work checking the mail for silver....tracking says I get 3 packages today!
Why is Dragons talking like he has no idea what he's looking at? Is this really your first day? If so, welcome to stacking outside of poured silver, Dragons.
Just a few years back, 90% would be bought and sold for spot or under spot. No that people are seeing Gresham's law at work, bullion shops are buying 90% at $1 to $1.50 OVER spot. Smelters do not see %40-%35 silver as desirable at THIS time, but as the industrial demand for silver rises in the electrical market, particularly with the edict to go green, spot will go up and so will the demand for %40-%35 silver.
I remember in the 90's, Morgan silver dollar went for about spot. Then 90% was the "sleeper" deal for the last couple of decades. 40% and 35% are the new sleeper deal....
The war nickels will remain undesirable for smelting, because of the 9% manganese content in addition to silver and copper. It is hard to refine out and gives off toxic fumes when melted. That said I think they will become popular as a affordable way for people to stack, especially as other junk silver becomes increasingly unavailable. 40% halves however are just 40% silver 60% copper which is easy enough to separate out, same principles as 90% more or less. I think those will definitely become much more desirable.
Of the roughly 100 different dates/mints in the Morgan dollar series, I can easily remember when nearly half of them could be bought in UNCIRCULATED BY THE ROLL, SOLID DATE AND MINT (20 pieces per roll) for under $200 a roll as late as 1977, just before all of the certified grading began starting with ANACS. Those were the days as so many rolls were still not 'cherry picked' and they were at least MS 60, so one could sometimes get real nice pre 1905 Morgan dollars for as little as $10 each. The 1921 P dates could be had for $140 a roll. I regret not saving a few old Coin World or Numismatic News papers with those ads selling solid date uncirculated rolls at that time and the low prices, but didn't want to clutter up the house with papers. Oh well, it's only money!!!!
@2:37 - I thought it was illegal to melt US coins? Unless it's being done by the government. If I'm wrong, there's money to be made melting pre 1982 pennies for their genuine copper content.
i saw that during the big melt. i was young but i remember and remember my dad telling me not to buy 35 or 40%. this was before the release of eagles and i just bought morgan and peace dollars as well as franklin and walker halves. i didn’t buy the 64s that much as i didn’t care for looking at the date every time. ive said it over and over, that when it shoots back up and everyone is selling, the smelters won’t offer you much of anything if anything at all for war nickels and 40% halves. some people are still pushing them. stack what you want but if the smelters are flooded with 999, junk should go down somewhat (but they are becoming like collector pieces now with the premiums being so ridiculous. so maybe junk will hold) but one thing is for sure, smelters will not accept 35 and 40%. if they do, it would be close to nothing. i really like this shop! these guys not only know what they are talking about but are genuinely good people. please continue to interview them if you can. if i’m ever in the area, i’ll be stopping by their shop for sure. great video
Learned a few things that will definitely help me in sorting out a large volume of old Jefferson nickels and Washington quarters. Great interview. Keep 'em coming!
I sold 20 rolls, all 40% silver halves. All accumulated from CRH and as change from local businesses who didn't want it. This was January 2015 when silver was trading near $20 oz. The guy paid me over spot at $950.
I like the war nickels and found it interesting and accurate the owner mentioned that it was actually the work horse and would buy a lunch, despite silver war nickels only minted for 3 years. I think the silver dollars were more like $50 dollar bills and $100's especially when a days labor earned a man only $0.30 on average in the mid 1800s.
I'm older then you because I remember when 90% silver was worth 3.3x face. So a 90% Kennedy half was worth about $1.65. My mom used to take me to the bank to buy rolls (usually dimes) and I'd pick out the silver ones and trade them in at the local coin shop. This was in the mid to late 70s. Silver exploded in 1980 and I didn't find silver in my change anymore.
Love your videos and Harry's shop. Hate the sdbullion sponsoring. Especially since it talks about sweepstakes but it's unavailable to 192 out of the 193 countries that might be on RU-vid.
I happen to really enjoy these videos with the coin shop guys. They always have a great range of questions and answers are direct and to the point. The products that they offer are all reasonably priced and their banter with the silver dragon is always about business . I feel that I could always just roam around the store and they would pop right in and answer any questions that I might have before I even asked them. I know that I could do business with them over the phone and I would be very satisfied with the amount and coins that I have bought from them.
I've done business both buying and selling with these gentlemen, they are very knowledgeable, and personable. They have given me a fair price when I was selling, and are great to work with when buying.
Harry has assembled a great crew...each and everyone of them are extremely knowledgeable, humble and have warm non threatening personalities! Thus a successful business! Harry, Adrian and Richard...
Whenever my budget got extra tight over the past 3 years, I bought 40% HDs and war nickels. Glad I did. They will still be barterable when the dollar is worth nothing.
During the last great silver run, when silver price was going to an all time high, I sold just about all my war nickels for over 2.50 apiece. I made a small killing that day. Now I’m waiting for the next big silver price so I can sell my 40% Kennedy halves, except for the 1970 dates. In regards to pricing coins,especially Morgans and Peace dollars the best reference is the Grey Sheet. This is made primarily for coin dealers but you should look into buying one, even if it is a few months old. They give you an idea of what dealers pay and thus give you an idea of what you should pay.
I appreciate their knowledge of the coins. It really helps me to listen and learn. I have always liked morgan dollars but I don't buy them because I'm buying for my stack, however, with the higher premiums, I may dabble a little into the collectable realm to try an get some deals. Thanks for the great video.
I'm shocked that you've never seen the Ike's, and other 40% sets! Like the Bicentennial set, and the other mint sets. I would have thought at this point you would have seen at least a few examples.
5:03 nothing screams luxury in the 1970s like woodgrain. Everything then was faux wood grain, TVs, station wagon car panels, alarm clock radios, the Atari 2600. 😂
Yeah, the problem is that, sure, you can buy them without a premium or a low premium, but you can't sell them for even spot. The whole "silver is silver" concept doesn't work. The silver in a 35% nickel or a 40% Kennedy is NOT worth as much as an equal amount of silver in pre-1965 quarters and dimes and halves because no one will buy them for the equivalent price per ounce.
The eBay sellers will disagree with you, because they sell those items over spot all the time. I just checked the "sold" listing myself. They do have to eat the shipping cost, however.
@@jeffw1267 They have to sell it well over spot to make up for the the 13.5% ebay fee. For example, a $200 sale plus $7 shipping charged to the buyer costs the seller $27.95 and they net only $179.05. If they eat the shipping and charge only the $200 they net $173.
I bought a few slabbed/graded Eisenhowers from Harry's Coin Store. One or two of them are deep cameo. I have quite a few Morgans---most graded but a few raw. I've always enjoyed collecting things---just part of who I am. I actually don't have much knowledge of coins/paper money - I just appreciate the items in a number of ways i.e. value, beauty, art work, history, novelty and absolutely love the store.
I used to get half dollars from the bank before the coin shortage in 2020. Every once in a while I would find some silver. One time I got really lucky and found a silver bicentennial among about 20 other bicentennials that were not silver. Really cool/rare stuff
I have a bunch of Stirling silver cutlery but I think the cutlery is more expensive just the sliver content is . I saw a 4 piece set online for 900.00 dollars. That's 1 knife one large fork one small fork and a spoon.
7:42 I find it incredible that a coin store would set up a light, tray, magnifying glass, and a cushioned chair to actively encourage people to search through their bargain bin coins. My store certainly isn’t like that 😭
People forgett cion collecting is a habby but so is stacking, i do both. I only buy coin, i will not stack round, I only stack silver coins. I am we Waiting for a new a coin from Ampex (10 oz. Silver coin it is a 2014 Noahs Ark coin. It is not a around , a silver bar , it is A 10 oz. Coin, it cost me $312.60 that is $ 31. 60 a oz. No shipping charges. That is buying in the dip.
Did Harry say refiners just aren't interested in 80% silver or less coins? I have some 80% silver, 20% copper Canadian sovereign AU Queen Elizabeth dollars. They look great! I can't believe dealers wouldn't pay at least spot or higher for these.
There was similar incident in the Manhattan Project. They needed 10 tons of wire for centrifuges or something. The planning bureau said they didn't have it. Not they couldn't have it, but they didn't have it. Was there anything else they could use? Aluminum? Sorry, that's all going to aircraft. Anything else? Well, silver would work, but there's no way you'd give us 10 tons of silver. No, silver is easy.
Less politely, the mine owners found so much silver in Nevada that the price of silver would have crashed dramatically if they dumped it on the market. Instead, they loaded railroad freightcars with silver to haul to Washington DC to bribe the Congressmen to MANDATE the purchase of silver by the mint to produce silver dollars, because once it was a $1 coin it was worth a dollar toward paying bondholders and creditors regardless of the silver value. Moreover, most of them were held in vaults for almost a hundred years - keeping them away from the silver markets, too. It even caused both political parties to split internally among metal-supporting lines. When the US government started recalling silver certificates in the 1960s, the vaults started to empty and they discovered all these uncirculated silver dollars that were mostly worthless to collectors due to sheer volume available. But, any commodity with excess inventory is open to marketing and THAT is where the hypergrading phenomenon originated and the grading services were more than happy to develope to meet that market. But nearly every date/MM of Morgan is a common coin priced off of ginned up demand.
I've known of at least one smelter who would not take war nickles at all. Taking the manganese out is more messy, or so he claimed. Also worth noting that during the run up in price in 2011 selling 35% nickels and 40% half dollars wouldn't net you anywhere close to spot at the dealers I knew. Basically no one wanted that stuff.
The reason the Redbook is higher is because inflation. Those coins been sitting on the shelf for years, five years ago that $80 Morgan silver dollar was worth $60 in the redbook... now the sticker price seems low because it hasn't sold. That's just a t my opinion, and I've never opened a redbook....but it would be interesting to see how the prices change. Remember, these guys don't make money selling $80 coins once a year. They make money on dummies trading in their silver change or gold
I got a 1976 quarter in my change from a sports memorabilia store which was ironically my first stop after leaving a coin store near Virginia Beach. I first noticed it because it looked like a proof. Still have it but haven't added it to my stack because I'm not 100% that it's one of the 40% ones and even if it is 90% is really the minimum I'm interested in.
CNt afford to play .Spotbprices is one thing but paying 10% premiums or more to buy and to sell does notake itvwoorth wile for me .Sold my siover at $21 and i paid $9 usd for it .The royal canadian mint is a rip off .what they charge for what they mint .Not for me any more
Red book values are based on the value of silver stated in the book. If the price of silver at that time is higher or lower than the price stated in the book then the coin will be worth less or more than stated in the book. You must know the stated price in the red book!!! My red book for 2022 states a silver value of $27. oz. ...so if silver that day is $22. oz. then the price in the red book is too high. Nice vid. Wish I lived closer to you.
