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How to Buy U.S. Constitutional Junk Silver Coins for MELT VALUE!

Patriot Stacker 10 views

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Correction: SLQ’s had recessed dates in 1925 I had the date incorrect in this video 🤪😎
Comment from : @PatriotStacker

If I was a coin dealer I would weigh them out especially a large quantity and pay by weight not denomination
Comment from : @firstbigbarney

So why not melt it down to Pez Dispenser size
Comment from : @righteyeartistry156

It would be interesting for you to weigh those coins to see exactly how much silver is gone, could be, you've paid a hefty premium
Comment from : @michaelramsey3986

INTERESTED!
Comment from : @coinzphilly

Most shops in my area buy and sell by face value There is one shop that buys by weight but sells by face valuekind of "inconsistent" in my opinionnever do business with that oneLOL!
Comment from : @tucsonbubba1574

Bs
Comment from : @charlescalhoun6297

Hey Patriot! Thanks for the education Didn’t know this
Comment from : @DavidFowler

cool video!
Comment from : @edselegantcoins

I also try to find less than desireable junk But I must point out that based on the info you provided you did not buy them at "melt value" Those slicks combined could easily weigh only 90 of their original weight Maybe a little less So their melt value is not the standard spot divided by 14 formula, which assumes a 116 ware factor and 715 ozs of silver If your coins have a ware factor of 10, they contain only 65 oz of silver So their melt value at a $24 spot price would be $15429 rather than their face value $17143 Maybe some dealers would buy a bunch of slicks for face value and you'd get $17143 Butwhen it comes to slicks, face value and melt value are apples and oranges
Comment from : @rufferto5429

I got one of the slick standing liberty with the type 1 no stars under the eagle today I will be making a video tomorrow about what I got today, and if I get something tomorrow
Comment from : @Tomscoins2021

Buying slicks for my treasure chest challenge They can often be bought for a lower price than the ones that will grade g-4 Any that are g-8, F or better will cost extra Keep stacking
Comment from : @Tomscoins2021

i do like dated coins but sometimes a deals a deal
Comment from : @dukenukem001

Good video Junk silver is junk silver But I don't agree that most silver reclaimers don't use weight to determine melt value, but rather just use the face value In fact, most of the silver reclamation companies in my region weigh and test the silver before offering a price And that price is almost always below at or below spot
Comment from : @jryan3906

O probably because you got standing liberty quarters that are underweight and so thin they are maybe half the weight
Comment from : @chrisdadigger1018

Run in the LCS and rub them till they are slick! LOL
Comment from : @SilverScorpion

My local shop sells walking liberty’s for 11$ is that good?
Comment from : @OneLove92626

I’d like to buy below melt value How about face value might get lucky at the bank 🏦
Comment from : @cyberwolf9192

This is why it's best to check the bank tellers as ppl deposit them because most Young bank tellers don't always necessarily know this information 👉Anytime a bank gets a pre-1964 silver coin and realizes what they have, they are to remove it from circulation and return it to the Federal Reserve Bank serving them for further return to the nearest US Mint for melting and silver reclamation The same goes for 1943 steel pennies and 1942-45 silver nickels
Comment from : @toolsmetals2148

I've also learned this right here Some ppl if not most are still unfamiliar with what 90 Silver US Constitutional Coins are So what I've found is that ppl who are unaware of the precious metals space at times come across these coins and still turn them in too banks 🏦 Now check it out right even some bank tellers are unfamiliar especially if they are younger tellers so what I do periodically is make bank runs 🏃‍♂️ every other day and I ask my tellers do you have any 50cent pieces or Big Dollar 💵 Pieces Now some Tellers get confused and will assume you are talking about Gold Clad dollars until you point out exactly what you are looking for What helps them identify what you want in exact is if you establish a relationship with your teller and show them a actual specimen of either Eisenhower Dollars , Franklin Halves , Walking Liberty’s Ect Ect Now what happens is that either sometimes they may have in there register or Vaults or if they may not necessarily have them at that very moment what they do is they will hold them for you too the side depending upon how frequently you actually walk into the bank The best part about this is that they can only exchange it in transaction at face value for face value brI have Wells Fargo and one time someone turned inn $12000 face value the bank gave it to me for $120 fiat now think about that because we know how much $120 90 silver is on a secondary market with premiums the bank can not profit from it so they have no other choice but to give it too you if you ask for it And like I said if you get a young teller oh man and they actually hold on too it as it periodically walks through the bank doors to be deposited and it accumulates over time ⏲ forget about it I use to walk in and just ask for Pre-64 but when I realized some of them didn't necessarily understand I knew from right there it was a green light and for me to come back and show them two coins so that they knew exactly what I was looking for
Comment from : @toolsmetals2148

Helpful tip Thanks for sharing !!!
Comment from : @CoinHound

How do ya calculate the price for slicks like this? I’m trying to get an idea what I could expect to pay for, $10 or $20 face? Is there a formula for that? brI’m not 12 and I’m not asking for a friend 😊brbrAny help is greatly appreciated from one of your newest subscriber
Comment from : @everettwhite9874

Great info! I usually invest in stocks but with everything going on, I have been adding gold/silver into my portfolio Thanks for sharing your knowledge
Comment from : @sortarican1604

I do the same thing when I can find culls
Comment from : @bretd641

I'll try that out Thanks for the idea
Comment from : @00_BUCK_671

Great video! It’s all about the deals
Comment from : @CapitalCurrency

Slickers are fun, and cheap
Comment from : @LenHere

Wow, great pickup Pick me up some
Comment from : @SilentSilver24

Buying at melt (Awesome) brBuying by weight (better)brSelling by face (a plus)
Comment from : @arte9855

If I’m buying coins for the silver value alone I have no issues buying slicks I will take them all day long at melt value
Comment from : @willstreasures7986

Always great when you can find a deal especially if your LCS is willing to buy them based on melt without weighing slicksbrGD
Comment from : @GDSavingThePast

I love junk SilverbrSome of the premiums I see places gettingIts nuts
Comment from : @dontask8979

Some of those coins are more than a century old, what a great find! Good job Patriot, thanks for sharing!
Comment from : @SGTStacking

Thanks for sharing this information Colorado Silverback777 Stay Healthy keep Stacking
Comment from : @mikehernandez264

So what did melt value equivalent to what you paid for how many times faced
Comment from : @Leakywaders54

I wouldn’t pass up the slicks if they are at melt
Comment from : @TtheSilverStacker

Awesome pickups my friend especially at melt value! Thanks for sharing
Comment from : @jparkersilverstacker5128

Great pick up at that price I normally pass on dateless/unreadable mint marks, but my LCS doesn't get that many of them and they don't discount them either
Comment from : @Stackinginvestments1

Very good info for picking up silver at melt value Great dates on those Walker's
Comment from : @dalestoner2928

People will pay $12 - 20 for each of those Walking Liberty half dollar early dates
Comment from : @willb2664

I heard from someone if you can't read the dates There no longer consider to be a coin And more like just straight up so bullion
Comment from : @silverfan2196

I’d be curious what the lot weighs Nice score
Comment from : @losinglouie

It is illegal to melt down money
Comment from : @neilshahndynasty8882

SLQ dates were actually recessed in 1925 I only know that because of all the research I had to do for my constitutional silver series episodes I did But getting any SLQ's for melt price is amazing Great score
Comment from : @silverscrounger

Love 💕 my constitutional silver It’s awesome that you can get them at melt price silver is silver
Comment from : @SilverHonda0767

I’m always on the hunt for junk silver as well bro Great video Hopefully when the mandates end in Canada the coin shows will start back up so I can work on my treasure chest of junk silver
Comment from : @scotiastacker5238

Congratulations 🎉🎈 to the rookie Austin Cindric who won the Daytona 500 yesterday
Comment from : @SilverHonda0767