That's the fastest way to get silver out of circulation. I usually can get one every other box, and I'm at almost a full roll of them from minimal effort
Can you ask that question to Josh and other dealers: Do refineries actually melt those %40 and %35 silver coins or they just resell them back and just change hands between dealers, refineries and stackers? Cause I really have doubts that anyone actually is melting anything nowadays! They would profit anyway buying them cheap and selling them again on the cheap? What are your thoughts Seeker?
@@amr8457 From our US youtubers all you hear is " 80% Canadian not good to stack. " Of course there is better. I've got some I kept when I was a kid many years ago.
Many canadian stackers will stack them, especially the dollars. Harder to move, sells a bit under spot or at spot if lucky. As a fractional it does the job well as you can easily sell them one at the time or in small lots in private sells
Did you delete the comment from the guy saying no matter what we’ve been paying 30$ an oz due to premiums? I disagree with him and his premise but I was clicking on your response and it wouldn’t let me, I wanted to hear what you had to say to him.
War Nickels are like Goldbacks.. they're not meant for an investment or to sell for a profit. They are for bartering in a unique situation where fractional can only be broken down so far. I don't think either or meant for stacking but a small amount of each are good to have!! By the way Josh and you make a great team🎉
@@ItsEverythingElse I don’t have any but after watching this I think I might try to get a few rolls honestly. If they keep melting them down there’s less and less of them everyday. They only made them for a few years. Unlike dimes they made for over 100 haha
In Raleigh, NC, and surrounding towns, the dealers will not pay spot for ASEs, other government minted coins, and rounds that are 999. They will pay 90% of spot.
I do have a nice pile of war nickels just from going thru nickel boxes. This year alone ive found 36 %40 half dollars as well. Those id part with first. I did find what looks like a brand new walking liberty last month. That was very cool.
I don’t understand why people pay two, three times or more for painted collector coins when the average buyer is only going to pay you spot if you ever have to sell. Those things are made for either wealthy collectors or sucker stackers.
I usually get the colored ASE’s cheaper than ones not colored, you can put it into fingernail polish remover, (acetone) and the paint comes right off..
I thought my eagles were painted, but coin shop dealer said it’s a sticker, a president. Anybody ever heard of a sticker put on an eagle? Offered me $30. I kept it for the silver
Always interesting to hear what "On The Level" Josh has to say, just waiting on him to have another flash sale on Mercury dimes as I lean more to the prepper/barter angle. Coin Of The Realm!
I learned my lesson the hard way with war nickels. bought a full tube years ago and got barely half back when I needed to sell even with silver being higher than when I bought
All that is JUNK for a reason, including 90%. You may know refiners to sell junk to, but does the average "stacker"? The dealer here said it himself you buy it cheap, you sell it cheap. If it ain't .999 then it ain't fine and won't be mine.
Pretty much the only silver I stack is 1970's one oz art bars, especially USSC. There are some good ones from the 80's also, but mostly 70's. Prices can range from $35 per ounce to hundreds per ounce of some of the vintage.
My dealers sell war nickels and 40% for spot and will give you a discount if you buy bulk. Guess call around bc I wouldn't buy or sell from this dealer. They'll give you less than melt when selling, but if you sell in bulk, you get spot.
@@stuartmoore6310I went through a phase where I bought pre 45 Australian florins (And occasionally a pre 20 British florins, but they were more expensive) Was able to find them on eBay for a reasonable price sometimes (with a little effort) and I like the design/feel of them. I doubt dealers would pay much for them but at least they’re sterling, they can’t pull the same “but muh refinery costs!” I probably have like 40 Aussie florins, along with some assorted smaller coins
You know what’s ridiculous!? We looked down on silver coins 100 years ago, comparing their value to the amount of silver therein and saying, “why would anyone save these!? It’s a $.50 coin worth $.50” Fast forward to today, we all drool over $100/oz silver which would put a face dollar of war nickels right where a face of 90% is today, inflation-I know, but a nickle is worth $1.66 and we disregard it. Point is: will scarcity and value elevate these to where 90% is today? And how stupid and shortsighted is it to poo poo these? Hell, at 80-90% of melt, it seems prudent to stack these with a 20year time horizon-I think the guy who buys all the nickels is probably on to something.
My only war nickels are what I have found detecting. Not my coin of preference for stacking. I’m more partial to pure silver rounds. It’s all good silver, after it runs out
We've heard for years and years about this, that, and the other thing "running out", yet here we are with it still available. Yes, it's getting more expensive but we all expected that to happen. It's one of the reasons why so many of us stack... preservation of wealth.
not many places would even buy those 35% coins, especially a smelter bc they clog up all their smelting devices, even 40% Kennedy halves also. Don't pass up the higher grade coins, if you get a nice buy price !
Foreign obsolete silver coinage is worse than war nickels and 40% halves. I took some sterling silver Panamanian Balboas to a coin shop and got offered scrap which was 65% of melt which is insulting when you consider the percentage of silver content is high and known. Unfortunately, I've got a bunch of foreign silver coins.
Haha, about the cutting coins. As a kid our parents were EMT's. They had scissors meant to be able to easily cut your clothes open in an emergency. You could cut pennies rather easily but my parents always said it was illegal.
I bought 2024 eagles early in January and got a heck of a good deal on them, but I would not buy eagles now! I just waiting for an order of the D-Day 1 oz silver. They look spectacular! My dad fought in world war II and so did three of my uncles. I'm giving one to my sister so we can remember D-Day and what our family gave to that. 🦅
I live in The Netherlands and a couple of days ago i have bought 8 silver 1 oz Maple Leafs (2024) and 8 silver 1 oz Brittania's (also 2024). In total i paid 541 EURO for them. (including the shipping) That comes down to a premium of 23,08 % at the time of buying the coins. Was that a bad buy i have made and should i move on to gold because of the lower premiums? I would appreciate an honest answer because i am new to coin collecting. Nice video. 👍👍👍👍👍👍
1941-1945. They will have a letter like D on the back over Monticello. I believe there were some 1941 that had no silver. They also did not have the mint mark on the back.
Just look at it as denominational bullion for trade or barter. With war nickels at $1.50, the market only needs a 20-30 percent jump and see it nearly double. A tube of 40 is handy and $120 in hand. Silver in the .10oz sizes like pesos are good as well.
The 1 thing I like about 35% nickels, 40% & 80% Canadian is its cheap & part of how I give my kids allowance. They get their choice of silver or dollars for the week. Both earn up to $7 per week (their 6&8) usually they both take 2 nickels & $4 cash. I've told them it's like a savings that will appreciate as they get older.
I'm Canadian, so I stack 80% coins. I've been trading my foreign bullion for Canadian bullion. I have a handful of Type ASEs, and my only weak spot is Norfeds. I buy those for my own enjoyment.
They're coming from the angle of investing, trying to resell them to dealers, or trying to refine them back to 99%. These sound like great options for people who are thinking about barter.
The War Nickel is a bad investment for its return value on silver. However, if you believe the dollar is at great risk of being devalued, and that we will someday be like Venzuala, the War Nickel is a great hedge against this threat. With this country printing large amounts of money, rampant inflation, and Saudi Arabia not renewing its 50 year petrodollar agreement with the U.S.... things seem to be going in the wrong direction. My constitutional, which includes many War Nickels, are considered a hedge not an investment. My investments is precious metals, which is the bulk of my PM holdings, is gold.
I do wonder. If you're planning on selling/swapping at a swap meet I'm guessing you would get melt & the other person would be OK with that. The other person might not be OK giving you more than spot for other silver.
Copper has the biggest potential out of all the commodities and its cheap. Copper bullion not as liquid but is great too you can get your money out of it similar to gold bars.
I once heard a coin shop owner (here on youtube) mention that he'd prefer to NOT buy 100 oz. (or heavier) bars, not being certain that the bars are fully (".999") silver. He'd prefer that sellers bring in 10-oz. bars, instead.
@@UKDark_Mark Probably easier to fake some of the silver in a large bar. I saw a video here on YT years ago where they had a fake silver bar that they cut into pieces and you could see where some other substance was shoved into the bar. Part of it was silver but maybe 1/3 or so was not. None of the chemical tests would have spotted this fake unless they drilled into it and tested the drill turnings.
@@bairdmacintosh7402if it takes a $1.40 in face value to make 1 oz with 90% you're going to need a lot more than 18 nickels. Its closer to 50. I believe you're correct on 7 @ 40% 50-cent pieces to make an oz.
Why anyone today would buy U.S. Silver Eagles is beyond me when you can buy a superior product in a Canadian Silver Maple Leaf with higher purity (0.9999 vs. 0.999), lower premiums, and the highest level of counterfeit security.
@@SilverSeeker I had tons of collectible coins …ms69/70 ….Disney low mintage sets …Godfather silver coin sets , the list goes on and on ….then I tried to sell and noticed the market was limited and slow trying to get my money and sometimes make a profit - so I had someone list my coins on eBay - I was clueless- I would say I got 75% of my money back when it was all said and done ….my goal was to make the process for my relatives easy as possible selling when I’m gone to lala land …so basic bullion is the ticket….by the way those collectible silver coins were awesome and beautiful…-