I have been melting 925 jewelry, spoons, forks, etc,. Now I haven't melted a single coin due to value they hold outside of just a round or bar, my question is do they melt the same way and just as easy? Or is the 10% something harder then the 7.5% in sterling? Or something that doesn't separate as easy? Thanks
@weedsmini 90% coins are worth refining, but the later Kennedys (40%) aren't. I suggest you rid yourself of these if you have the ability, they're not very refinible.
hey qsb i am a fellow minting service we buy sell smelt silver gold platinum etc'
if there is ever a possibelity we can make a deal of .50 cents over spot per a troy oz of 999 fine silver or any lower spot area we can make alot of large transactions 1000-100000
Something else to add. Another reason to keep the American Eagles intact is that since they are legal tender, the American government guarantees their purity. You can't get that from a generic silver round.
But don't think that I am trying to promote the destruction of US Silver Eagles. Any circulated silver eagles we get we put them on the website for sale (Unless they look like a lawnmower ran over them). Have a good day!
@dannyhansen691011 hey im 12 and im also collecting but i would try ur a coin shop near yyou or ask ur parents if u could give the money and use there paypal on ebay and buy some just make shure its pure silver but ur most reliable place would be a coin shop
Silver eagles are .993 with .007 copper balance. I prefer private mint silver like Northwest territorial mint. They are .999. Also those damn Canadians are making rounds at .9999! You'll pay 2-5 bucks over spot for silver eagles, Morgan, peace etc because they are a precious metal. the value of the dollar is so low that people are finding comfort in physical precious metals thus making the demand high and in turn raising the value.
well , i look at it like this.. if most of them are worn out scratchd up bads.. and so forth.. all they are is just silver rounds.. yes i know there is still a coin price over the silver price.. but if you the one who has it and wants it re smelted in bars instead of round coins.. who is too say.. too me silver is silver i got alot of sterling bars i have mades along with .999 FINE SILVER, and such.. so its up too the person..
I have one of those 24k gold clad coin it says .999 silver on it .I guess it gold plated .I took it to a flea market,a dealer tried to get from me after he told me it's worthless.can you tell me if it worth something and also can it be melted down easy?
There have been tons of videos on youtube showing the lack of quality of "Quality silver bullion." Your quality in minting is shit and you are not very reputable at all. Don't get scammed by this "company" people! Buyer beware!
waypastprime...More food for thought. If the legal tender face value is only one dollar why does it cost me over $30.00 to buy just one? Why am I paying THOUSANDS for a monster box? Why can't I get them for a buck from tellers at any bank?
How would you feel if the IRS/US Treasury Dept asked you to pay your taxes in ASE's, dollar for dollar?
The American Silver Eagle bullion coin has never and will never be issued as circulating currency. But again...I may be wrong. I'm no expert. I just dabble
waypastprime...thanks. I could be wrong. I don't think I am...but...I've been wrong before. At a time when the US is changing metal composition, weight and design on its coinage to lessen the cost to the federal government, why would it make a one ounce .999 pure silver coin that, if used to pay a debt, public or private, is worth only one dollar? Does that mean that the one ounce gold buffalo is only worth $50? If that's the case I want my tax refund in the form of gold buffs. I'll even pay th
@ apostle...American Silver Eagles are NOT legal tender. They are simply bullion coins, an easily recognizable form of .999 fine silver. However...if I were a merchant I'd take ANY bullion coin at face value.
@junkiron1 You MIGHT be Wrong. The American Eagle silver bullion DOLLAR is marketed as an actual legal tender.... Snip from Mint: American Eagle Silver Bullion Coins are affordable investments, beautiful collectibles, thoughtful gifts and memorable incentives or rewards. Above all, as legal tender, they're the only silver bullion coins whose weight and purity are guaranteed by the United States Government. They're also the only silver coins allowed in an IRA.
Your customer is an idiot. They could sell their Silver Eagles at like 5 bucks over spot, and buy generic silver to melt. If i were you i would have kept their premium coins and melted some shit silver for them. They would have never known.
@thedamnedapostle This is true. They are currency, and it is illegal to melt them down... Furthermore, the idea to melt a coin to LESSEN it's value to bullion seems a bit odd... So you take a coin produced ft a premium for the stamping etc, then melt it to generic form to sell for less.... Very odd. Maybe I can buy some authentic Viagra and crush it down and reform it into a generic pill and sell it the public for 10% less... I will be rich...
@waypastprime They were sent to us to be melted down because of the obvious flaws in the coins. In earlier comments of this video it was stated that we did not melt them down, but sold them at a discounted price. I don't expect you to read every comment so I thought I'd let you know. Have a good day!
@JJTechHelp Sorry for the disappointment. I already sold the coins so I can't shoot them with the new camera. Any way you'd like me to make it up to you?
The big money people hold their gold & silver in .999 bars, that is good enough for me. Those high premiums are for little people to make a few bucks on those that don't understand metals,
I am really wanting to start investing/collecting silver but I dont know what to buy!!! Coins like the Eagles, Maples, etc.. or silver rounds from scottsdale, etc??? What do you think?
No need to pay for looks. I saw 550 dollar coins today like buffalo nickels and such, but I just saw them as melt value. The coin shop did not like my talk and one guy even bragged about his stocks in silver "paper silver". I asked him if he saw the silver of his in a vault with his name on it. What do you think his answer was.... ?
@woodlandcammo27 with all due respect, buffalo nickels don't even have silver in them though... those coin shops sell these types of coins for collector's value... which is why you can find old silver coins that are worth much higher than they would be if they were just some melted down bar or round or something like that. 550 dollar buffalo nickels melted down would be worth however much about 5 grams of 75% copper + 25% nickel is worth... collector's value is very independent of melt value.
@QualitySilverBullion Whats up guys? Love the vid... I just started my Silver Bullion collection a few days ago.. I live In Michigan and we have to pay sales tax on every piece we purchess... it sux!! But I got my first 50oz now and hope to build my collection fast!!! Thanks for the video!!
Why would you do that? You lose the numismatic vlaue of the silver, it is only losing money. Even the gold plated or colorized can be sold as novelty on eBay
do you guys realize, when you melt them down, you are destroying history, and making it easier for a new currency to be introduced , probably made of recycled plastic from china in the future. even if its legal or not.
remelting these great coins is an idiotic idea. Just my opinion. Buy silver bar ingots if you want to melt your own silver and make your own rounds. Why destroy or otherwilse alter a perfectly good piece of silver bullion?
I found your channel by clicking on a suggestion from another silver video. I have been buying my silver off of EBay as it is easy and has been the cheapest I have found. Luckily I found your YouTube channel and checked out your website. Your prices are the cheapest I have found and you have the cheapest shipping. I will be sure to order from you when I purchase another shipment of silver.
Well, that's a true truth, but who in their right mind would hand over a SE to pay for a one-dollar purchase?
BY the way, I was incorrect, a SE isn't 23/24 silver, but it is NOT composed of .999 silver. It CONTAINS 1 tr oz .999 Ag but technically, It has just enough copper (used to toughen up the coin) to make the blob of metal you'd get upon melting it NOT be .999. It is GOLD eagles that are 91.67% gold (22 karat), 3% silver, and 5.33% copper.
It has been said that because the Eagle is minted by the government that a merchant is only required to give you a dollar for it. This is the amount stated on the coin. This is not the case with an ordinary round.
I also do not understand why anyone would melt down US junk silver coins. They are recognizable as they are, nobody is going to counterfeit a 1963 quarter. It is not easy or cheap to extract the 10% copper. Same story with sterling silver. Anything made of sterling SAYS "sterling" on it. If you melt it into a blob of silver, it doesn't say "sterling" on it any more, so then you have to assay it.
I truly do not understand why anyone would melt a silver Eagle. They are recognizable as a SE even if they are tarnished and scratched. As such, they are assayed and their value is more than a generic silver round. Also, silver eagles **CONTAIN** 1 tr oz of .999 Ag but they are composed of an alloy that has a bit of copper in them...I think they are 23kt Ag, meaning they are 23/24 Ag = 95.8% silver. So you can't really melt them into a generic silver round because the metal itself is not .999.
@smartstuff2buy As far as I know, it is illegal to melt currency but it is completely legal to melt silver eagles. Though they are legal tender, they are not considered currency.
If these people believe it doesn't matter, why melt 1 oz Silver Eagles to make 1 oz rounds? They're not gaining anything.
Silver is just silver, but a government minted coin gives you a recognizable standard. It gives you a known design, weight and dimension to weed out fakes.
Doesn't matter if it's gold, silver, tools or collectible. The only thing that will crash in a hyperinflation situation is the paper, everything else will be valuable. By all mean visit ebay, local coins shop,... to see if you can resell before. Making 3 transaction a week (quickly) for a profit is 10 times better than loosing wealth on 1 transaction you take a month to make. Be able to sell QUICKLY for a PROFIT(or no lost) it's all what matter.
Some stuff can be melted and some should be saved for historic reasons. (I find it wrong to melt coins pre 1965, but silver eagles and bars are no problem)
Why would anyone send in their silver eagles to melt? All you end up with is an ounce of silver worth somewhere around $20 USD, when you could sell it to your local coin shop for twice that?
@xXBuccinOXx You're right, if a coin shop would buy a circulated Silver Eagle for $40 that would be a great deal for the seller! Do you mind sending me the contact information of one that will pay that much? I have some that I would love to sell to that dealer.
@QualitySilverBullion Eh, that is a complicated question to answer. It really depends on the quality of the coin. Look up the coins you have and see how much they are selling for. Present this to the dealer to show that you are no one to try and rip off. ;) You could probably sell a circulated SE for around 30 in excellent condition. But that was a long time ago. Rarity helps too. This is stuff you probably already know. Anyway, Ive never seen a SE for less than 30.
@xXBuccinOXx Thanks for your information. The SE coins I have are circulated (tarnished, scratched, fingerprinted, etc...). I don't think too many dealers would want these. I know of a few places that sell silver eagles for about $3.00 over spot. You are right if it is a graded Eagle then it might sell for over US$30, but these circulated coins aren't in the best shape.
I appreciate your comments and hope to chat with you in the future. :-) Take Care.
@amberpoovey It depends on the state. We are located in Utah and here there was legislation passed naming silver as a non-taxable product. Therefore, any silver purchased in Utah there is no sales tax charged. There are some states that require businesses to charge tax on precious metals. Where are you located? (You can send a private message if you want and I'll see if I can dig any info about your state's regulations)
@QualitySilverBullion The one issue I see with your minting operation is that you do not use any chemicals to remove impurities when melting the silver down. This is very bad because the .999 rating is no longer valid due to the impurities being introduced either by the air, tarnishing of silver, or the plating that some silver coins have. It is very important to use the chemicals that bind with the impurities such that you can scoop those impurities off the surface of the molten silver.
Silver is silver. But I love historical silver. Dont get me wrong, I am not a collector for numismatics. But I love old silver. And would hate to see something like old coins destroyed for something new. I love history. And so therefor, old silver is more than silver to me. Even though non numis graded coins arnt worth more than the silver content. The historical value to ME is worth something. Heres an idea. You should make a silver round, with the old Seated Liberty design. I would buy those!
@ihatepulltabs ._. Silver sure is silver but I don't see the relevance in such a hypothetical, but not too unlikely, situation as follows... You find a silver 1903-O Morgan Silver Dollar. ~30 dollars in melt value? Sure, go ahead and melt that sucker down, it's old and "tarnished"! (Perhaps what an appreciator of coins would call "attractively toned") But this collector would pay up to 5,000 dollars for this coin depending on the condition!! Collector's value is always a whole 'nother story...
Hey, I'm in Peru and I'm trying to buy Silver here from some local sellers as making silver jewellery is a big industry here. I can get the highest quality silver made into bars but I would like to know if this is going to serve me in the event of the coming financial collapse, will it be recognised for its value compared to minted silver coins?
YES..silver is silver .If it has .999 pure of fine stamped on it then it doesnt matter where its from or what it says.If you dont like the design or its not youre style,just go on ebay and buy a ingot mold and crucible and make your own bullion.Good luck everyone
I think silver is silver to some extent, i personally buy the Australian Perth Mint Kookaburra 1oz Coins as they are well recognised even internationally, another aspect is that they are known for their quality and lack of counterfeits.
When it comes to the day where i need to sell the Silver away, i need to know it will be recognised internationally and that it is well known amongst Silver stacker's and the like.
@PraviBosanac I think you hit the nail on the head when you visualize being able to liquidate your silver when you buy it. I think everyone should do exactly the same when buying silver.
What kind of premiums do you pay on the perth mint products?
As i am typing this spot price is $19.70 AUD, i have just purchased 10 X 1oz Kookaburra Coins for $25.50 AUD, Which is a 22% Premium, having said this an Australian Bullion Dealer is Selling them for an Average of $29 AUD a Coin, I Consider myself lucky because i can source them a little cheaper then most Bullion Dealers advertise them for.
Either way im happy with my purchases as they come in a coin case straight out of the mint, to help keep them in Prime condition
@PraviBosanac A 22% premium is pretty high in my opinion, but then again I don't know the market very well in Australia. Glad you are pleased with the purchase! :-)
@QualitySilverBullion What is the average premium for the American Silver Coins? i.e Silver eagles.
Keeping in mind the Kookaburra coins come individually encapsulated, so they keep in mint condition from my knowledge the American silver eagles do not.
@cedricalien Silver is silver, but their putting a fancy eagle on it will, in fact, change something. If, for whatever freak reason, the melt value of the silver in one of these government issued dollar coins ever drops below a dollar, it will still be worth a dollar in circulation. So I suppose one could say that these are guaranteed, to a very small extent. Then again, disregard all of this and buy generic silver if you dissent against the government. No need to fund your enemies, so to speak.
Silver is silver for me, but unfortunately not for my government. If you import or buy silver in a form which is not legal tender (ie; not American eagles or Canadian maple leafs) you are charged a 25% VAT (Value Added Tax) on your purchase.
This makes it more economically to get legal tender bullion coins for me. I live in the Norwegian nanny state.
Oh, and you seem young to have your own mint. Please tell us how you started this, or how you got into this industry. :)
@qualitysilverbullion But do you, as a silver dealer, think that silver is becoming sacrce? In your opinion, is silver going to go to it's 1 to 16 ratio with gold, be so nice to tell us the truth. Thanks. :)
@rooftop0rocketz Good Question rooftop0rocketz. There are people since the great depression that have said silver is running out. There are also those that say we have plenty left for our needs. I have always been able to get .999 silver to mint, so I am not yet convinced that the supply is a problem yet. The manipulation of the markets can only hold for so long before it cuts loose; and when it does we will see the minimization of the gap between gold and silver.
@QualitySilverBullion well :0 lol im new to this business. Silver is way cheaper. So people would love to take advantage of this volatial market. But gold is to expensive so what is next SILVER. I see the gap closing between gold and silver. I hope it takes its time to go up, so we could all take advantage of the situation. As i write silver broke its 30 day high so I see more highs to come :D Do you invest in gold in these times!?
@QualitySilverBullion well :0 lol im new to this business. Silver is way cheaper. So people would love to take advantage of this volatial market. But gold is to expensive so what is next SILVER. I see the gap closing between gold and silver. I hope it takes its time to go up, so we could all take advantage of the situation. As i write silver broke its 30 day high so I see more highs to come :D Do you invest in gold in these times!?
@QualitySilverBullion from what I know is that the original goverment confictation of metals in the depression was bullion and rounds I belive. But I do agree with you that the government could and will do anything in a really bad situation if they want to, by then we are all screwed :( I really don't think they would do that anymore cause the world uses the current fiat money system they would just give us a new currency by the IMF.
@rooftop0rocketz The only way I can see a government confiscation of PMs happening is if they were to attempt to take the power away from the people. Otherwise I agree with you that a new fiat currency would be introduced.
I'm not sure I understand what you said. I would think that because it is legal tender, it is government property. That means that the government has the right to recall what is theirs, which excludes privately minted rounds. To be honest, if the government took such drastic measures to recall silver, they probably wouldn't delineate between where the silver came from. If that were to happen I assume it would be in a very desperate situation worldwide.
@rooftop0rocketz Do you have more information stating that "The eagle can't be taken away because it's legal tender?" If you do please let me know. Thanks for your comment!
One thing people aren't doing is thinking! In a economic collapse & dollar is NO longer accepted. Trying to barter to a shop owner with a 10,100 or 1000 oz silver bar or gold will be difficult.
1. They are not metals dealers & may not want the hassle of that hunk of metal as they do not own a foundry, they are SHOP OWNERS!
A junk silver quarter, dime...etc or 1 oz pure liberty or maple for example will have its melt value as well as its monetary value & is easily circulated among the public.
Hey JIm, how are you? Great job with the vids and quality silver. Just wanted to ask your thoughts in regards to me reselling QSB silver when the time is right.
. Where should I head to get my funds, do you feel that most buyers will recognize and accept and veiw it they would a ASE coins?
We only work with .999+ fine silver, therefore we wouldn't be able to melt it. Well we can melt it for you, but it wouldn't separate the pure silver from the other materials. See the conversation below with peicemakerSS22. Thanks for your question and I'm sorry that it's probably not the answer you wanted to hear. Take Care!
I would not melt them down if it were me. They have to be dated 1964 or earlier to be 90% silver. When you melt the coins it doesn't separate the pure silver from the other materials, and unfortunately I haven't seen a huge market for 90% pure silver bars. Once you melt it a coin dealer won't have a way to tell the purity unless he does some tests on it. Personally I would keep the coin as is. Coin dealer might be the best place to sell, but classified adds or ebay might get you the most money.
Again that's just my opinion, and I hope it helps a little. Actually If it were me I would hold on to the coins altogether if they are pre-1964, but if you need to liquidate that is all up to you. Sorry for the long reply!
Certification is good for A coin or small set for investing and trading. Stacking silver for wealth storage calls for generic bullion. Why build a premium stack when you can get a generic stack. If the time ever comes to liquidate or melt down, you will get below spot whether it be Perth Mint, U.S. Mint, or Private Mint. Water is water and silver is silver.
That might be true in the very distant future, but in this video ppl are melting their tarnished and circulated Silver Eagles for a generic round. Thats a big no no. QSB rounds are very nice though.
I am a preper. I buy silver as a protection against inflation. I prefer minted coins or bullion bars/coins from world renown minters just in case I have to leave the country to sell my silver. Less questions asked about known government bullion or private rounds/bars. In time of crisis the prices will be based on silver content and not collection value. If crisis never happens, I simply give to my children when I die. No estate taxes if transfer is done privately.
I did not mean to detract QSB coins because they are not widely known. I would recommend QSB for people who want precious metals but are on a tight budget. Your prices, dutch auction and shipping charges for small purchases are very competitive. These are the customers who will help QSB grow and become more well known. Someone will buy lesser known coins. Better to own QSB coins then no silver at all.
Liquidation is a concern that many silver investors have. It is likely that it will be easier to liquidate an uncirculated silver piece than one that is tarnished and scratched.
I think silver is just silver, when you buy the ASE you pay more and it sells for more (better for collectors and patriots I think) For investors or protectors...any silver is good silver. I only own a small amount but I like the private silver...
It is a small extra expense, but all of my new rounds, uncirculated ASE, 90% coins and 1 oz bars are in air-tite capsules. Silver is a relatively soft PM and is best off protected and preserved. Sadly, I have never touched 99% of my silver physically. I do have a few naked pieces to sooth my silver addicted soul, however.
I agree with that. An untarnished and unmarked silver piece would most likely sell for more that a tarnished piece (there are a few exceptions). All in all, that is why these ASE's were sent to be remelted and made into fresh bullion rounds. Thanks
i think it depends on who u ask in my case silver is silver i live pay check to pay check and just started to invest in silver so i look 4 the best prices to weight to get my dollars worth
I like that attitude! One customer of ours has been buying 5 or 10 ounces at a time every once in a while. He put himself on a steady buying program and now has over 100-oz of silver. I won't say that is a lot or a little, but it definitely adds up. Thanks for the comment :-)
Exactly...and it might be worth paying the extra for an ASE if you don't want to put in the time to find a reputable silver source. The sad thing is that even ASEs are replicated and falsified. Any investor needs to be smart in their purchases.
i dont think silver is just silver because people are prepared to pay much higher premiums for well known bullion coins ad assayers and also proofs but as far silver being a store of value at end of the day in times of a financial crises it doesnt really matter all silver is a good hedge against inflation
not really because an ounce of silver is an ounce of silver but here in the UK the dealers I know offer higher prices for the government issued bullion coins it is also easier to sell them worldwide as they are instantly recognised and guranteed for wieght and purity
But after a while private mints become just as well known and in demand it just takes more time I mean johnson matthey and englehard are now in demand they were small names at one point
First majestic are a private mint and thier rounds are becoming known ive seen well known ebay delaers selling them and people always bid but then they are maketing themselves quite heavily they are always pushing thier brochures at silver trade shows
ive seen a guy from ireland on youtube with your buffalo rounds he raelly likes them he had about 10 ounces
On the US Mint's website it states, "Although altering and defacing United States coinage generally is not illegal, doing so violates a Federal criminal statute (18 U.S.C. § 331) when the act is accompanied by an intent to defraud." (I can't post links in the comment but if you want that reference just email me at our youtube email.) Once melted, the coins would no longer be "currency."
Could the government even if silver goes up to $300 per oz.Could Obama do what Roosevelt did to gold and make every one turn it in for face value.$1 for a $1 zine coin?
@ylesfitz8839 10% of what its 99.9% silver so when u melt its going to melt fine
ryanreardon16 1 month ago
I have been melting 925 jewelry, spoons, forks, etc,. Now I haven't melted a single coin due to value they hold outside of just a round or bar, my question is do they melt the same way and just as easy? Or is the 10% something harder then the 7.5% in sterling? Or something that doesn't separate as easy? Thanks
ylesfitz8839 3 months ago
so i shouldnt melt the eagles eh, what about the 1964 Kennedy Half Dollar
weedsmini 3 months ago
@weedsmini 90% coins are worth refining, but the later Kennedys (40%) aren't. I suggest you rid yourself of these if you have the ability, they're not very refinible.
TumisHumis 3 months ago
@TumisHumis the 1964 and under kennedys are 90% also correct?
weedsmini 3 months ago
yes. to me. Silver is silver. But there will always be a market where people value minted by so and so silver etc. That is my 2 cents.
hubbabt 3 months ago
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are any of them eagles for sale?? i want to buy some.
bisensee420 5 months ago
are any of them eagles for sale?? i want to buy some.
bisensee420 5 months ago
silver eagles re-melted.
BatusaiJack 6 months ago
hey qsb i am a fellow minting service we buy sell smelt silver gold platinum etc'
if there is ever a possibelity we can make a deal of .50 cents over spot per a troy oz of 999 fine silver or any lower spot area we can make alot of large transactions 1000-100000
matthew3558 8 months ago
Something else to add. Another reason to keep the American Eagles intact is that since they are legal tender, the American government guarantees their purity. You can't get that from a generic silver round.
Escatonic 8 months ago
@Escatonic You can depending on who mints it ;-)
But don't think that I am trying to promote the destruction of US Silver Eagles. Any circulated silver eagles we get we put them on the website for sale (Unless they look like a lawnmower ran over them). Have a good day!
QualitySilverBullion 8 months ago
@Escatonic What a waste of our history! :-(
AGDemo 8 months ago
im 13 and i need a place to buy silver cheap bc i dont have alot of money any suggestions
dannyhansen691011 9 months ago
@dannyhansen691011 hey im 12 and im also collecting but i would try ur a coin shop near yyou or ask ur parents if u could give the money and use there paypal on ebay and buy some just make shure its pure silver but ur most reliable place would be a coin shop
berlinwood39 8 months ago
@dannyhansen691011 try searching bank rolls
Silv3rCollector 8 months ago
Why the Fuck would you melt a silver eagle to make a silver round???
8to1fav 9 months ago 2
Silver eagles are .993 with .007 copper balance. I prefer private mint silver like Northwest territorial mint. They are .999. Also those damn Canadians are making rounds at .9999! You'll pay 2-5 bucks over spot for silver eagles, Morgan, peace etc because they are a precious metal. the value of the dollar is so low that people are finding comfort in physical precious metals thus making the demand high and in turn raising the value.
nickisgayyyyyy 9 months ago
Do you melt silver spoons to make rounds? I have over 80 pounds of silverware made of silver. Its like .950 i think?
Cr3ater 10 months ago
well , i look at it like this.. if most of them are worn out scratchd up bads.. and so forth.. all they are is just silver rounds.. yes i know there is still a coin price over the silver price.. but if you the one who has it and wants it re smelted in bars instead of round coins.. who is too say.. too me silver is silver i got alot of sterling bars i have mades along with .999 FINE SILVER, and such.. so its up too the person..
odenkiller 10 months ago
Why bother to melt .999 Eagles when you can be sure they are the real thing and nobody has added copper to make a profit off the new rounds?
kimmer6 10 months ago
I have one of those 24k gold clad coin it says .999 silver on it .I guess it gold plated .I took it to a flea market,a dealer tried to get from me after he told me it's worthless.can you tell me if it worth something and also can it be melted down easy?
coldpak82 10 months ago
@coldpak82 It's worth about $50. I'd hold onto it,
djnamelessmix 10 months ago
There have been tons of videos on youtube showing the lack of quality of "Quality silver bullion." Your quality in minting is shit and you are not very reputable at all. Don't get scammed by this "company" people! Buyer beware!
JizzyE69 10 months ago
so you basicly agree that you scam the shxt out of them!~?
Strange buisness... as if those customers cant see this video as well.?
Also how do you handle those coins, pretty unprofessional if you ask me
OnceForAll 1 year ago 2
@OnceForAll Sorry I didn't get that...who is getting scammed and how?
QualitySilverBullion 11 months ago
waypastprime...More food for thought. If the legal tender face value is only one dollar why does it cost me over $30.00 to buy just one? Why am I paying THOUSANDS for a monster box? Why can't I get them for a buck from tellers at any bank?
How would you feel if the IRS/US Treasury Dept asked you to pay your taxes in ASE's, dollar for dollar?
The American Silver Eagle bullion coin has never and will never be issued as circulating currency. But again...I may be wrong. I'm no expert. I just dabble
junkiron1 1 year ago
waypastprime...thanks. I could be wrong. I don't think I am...but...I've been wrong before. At a time when the US is changing metal composition, weight and design on its coinage to lessen the cost to the federal government, why would it make a one ounce .999 pure silver coin that, if used to pay a debt, public or private, is worth only one dollar? Does that mean that the one ounce gold buffalo is only worth $50? If that's the case I want my tax refund in the form of gold buffs. I'll even pay th
junkiron1 1 year ago
I'd like to know how \ if you can melt silver ore? Say I found a pile and wanted to extract \ create\ refine it to 999 silver?
mrees999 1 year ago
i live in the UK and all i buy is silver eagles, our minted silver is poor.
MorpheusWasRight 1 year ago
Info from the U.S. Mint.
Composition of ASE's: .9993 silver, .0007 copper. Net wt. 1 Troy oz. (31.103 grams) pure silver.
Silver is not "just silver". ASE's carry a higher premium above spot than bars or rounds of equal purity.
junkiron1 1 year ago
@ apostle...American Silver Eagles are NOT legal tender. They are simply bullion coins, an easily recognizable form of .999 fine silver. However...if I were a merchant I'd take ANY bullion coin at face value.
junkiron1 1 year ago
@junkiron1 You MIGHT be Wrong. The American Eagle silver bullion DOLLAR is marketed as an actual legal tender.... Snip from Mint: American Eagle Silver Bullion Coins are affordable investments, beautiful collectibles, thoughtful gifts and memorable incentives or rewards. Above all, as legal tender, they're the only silver bullion coins whose weight and purity are guaranteed by the United States Government. They're also the only silver coins allowed in an IRA.
waypastprime 1 year ago
@waypastprime
not true, I believe 1 ounce haeraeus (how ever you spell it) bars are accepted.
MrNeoAleus 11 months ago
Your customer is an idiot. They could sell their Silver Eagles at like 5 bucks over spot, and buy generic silver to melt. If i were you i would have kept their premium coins and melted some shit silver for them. They would have never known.
a10fjet 1 year ago 6
@a10fjet And that's exactly what happened, and they did know about it. Thanks for sharing your opinion.
QualitySilverBullion 1 year ago
@QualitySilverBullion
So you basically say you aren't a trustworthy person :)
DemisGruzzinos 9 months ago
@a10fjet Your are one idiot ,is cool Silver what i do selve have !
dennie6666 10 months ago
You could easily just sell the coins as silver bullion. There's no reason to melt them.
KenMacMillan 1 year ago
Since eagles are legal tender, is it legal to melt them down? It seems equivalent to melting down pennies for their copper value.
I think I'd just keep the eagles...to me they are the most recognizable silver bullion
thedamnedapostle 1 year ago
@thedamnedapostle This is true. They are currency, and it is illegal to melt them down... Furthermore, the idea to melt a coin to LESSEN it's value to bullion seems a bit odd... So you take a coin produced ft a premium for the stamping etc, then melt it to generic form to sell for less.... Very odd. Maybe I can buy some authentic Viagra and crush it down and reform it into a generic pill and sell it the public for 10% less... I will be rich...
waypastprime 1 year ago
@waypastprime They were sent to us to be melted down because of the obvious flaws in the coins. In earlier comments of this video it was stated that we did not melt them down, but sold them at a discounted price. I don't expect you to read every comment so I thought I'd let you know. Have a good day!
QualitySilverBullion 1 year ago
@waypastprime only illegal to melt CERTAIN coins. Not all. Can't melt pennies and nickels for sure.
w0tm 1 year ago
No, we cannot see. We can't se anything with your 240p camera. I know this video was made a year ago but STILL.
JJTechHelp 1 year ago
@JJTechHelp Sorry for the disappointment. I already sold the coins so I can't shoot them with the new camera. Any way you'd like me to make it up to you?
QualitySilverBullion 1 year ago
@QualitySilverBullion I know it was suppose to be a joke, and you don't have to make it up. BTW your prices on the silver is awesome!
JJTechHelp 1 year ago
Чёрт возьми, какие здоровенные монеты у вас !!! и из Серебра !!!!
Sergey946 1 year ago
@Sergey946 Um ok
JJTechHelp 1 year ago
I think I'd keep the eagles and melt down some other bullion I had laying around.
flaunttnualf 1 year ago
The big money people hold their gold & silver in .999 bars, that is good enough for me. Those high premiums are for little people to make a few bucks on those that don't understand metals,
buzzz121 1 year ago
how many silver eagles does it take to make a kilo bar of silver?
dopephat 1 year ago
@dopephat 32.15
buzzz121 1 year ago
I am really wanting to start investing/collecting silver but I dont know what to buy!!! Coins like the Eagles, Maples, etc.. or silver rounds from scottsdale, etc??? What do you think?
clevmartin 1 year ago
Do ppl want their eagles melted & made into so that they may look beeter if
tarnished?
rogertayloRRR 1 year ago
No need to pay for looks. I saw 550 dollar coins today like buffalo nickels and such, but I just saw them as melt value. The coin shop did not like my talk and one guy even bragged about his stocks in silver "paper silver". I asked him if he saw the silver of his in a vault with his name on it. What do you think his answer was.... ?
woodlandcammo27 1 year ago
@woodlandcammo27 with all due respect, buffalo nickels don't even have silver in them though... those coin shops sell these types of coins for collector's value... which is why you can find old silver coins that are worth much higher than they would be if they were just some melted down bar or round or something like that. 550 dollar buffalo nickels melted down would be worth however much about 5 grams of 75% copper + 25% nickel is worth... collector's value is very independent of melt value.
phr4nk3rd00d13 8 months ago
This has been flagged as spam show
Ron Paul 2012!
woodlandcammo27 1 year ago
oh snap i thought it was justin beiber. lol
BMWg84 1 year ago
@QualitySilverBullion Whats up guys? Love the vid... I just started my Silver Bullion collection a few days ago.. I live In Michigan and we have to pay sales tax on every piece we purchess... it sux!! But I got my first 50oz now and hope to build my collection fast!!! Thanks for the video!!
dirtydirty505 1 year ago
Why would you do that? You lose the numismatic vlaue of the silver, it is only losing money. Even the gold plated or colorized can be sold as novelty on eBay
phdharok 1 year ago
That silver could be HOT, thats the only reason I could see why anyone would want to melt down a silver eagle.
Armahx 1 year ago 16
@Armahx Ich sehe das genau so wie du es schreibst (i do like SE to first) ,Gruss aus Deutschland (München) !Silver the next Roket to the future !!!!
dennie6666 7 months ago
do you guys realize, when you melt them down, you are destroying history, and making it easier for a new currency to be introduced , probably made of recycled plastic from china in the future. even if its legal or not.
smartstuff2buy 1 year ago
remelting these great coins is an idiotic idea. Just my opinion. Buy silver bar ingots if you want to melt your own silver and make your own rounds. Why destroy or otherwilse alter a perfectly good piece of silver bullion?
drumrun 1 year ago
I found your channel by clicking on a suggestion from another silver video. I have been buying my silver off of EBay as it is easy and has been the cheapest I have found. Luckily I found your YouTube channel and checked out your website. Your prices are the cheapest I have found and you have the cheapest shipping. I will be sure to order from you when I purchase another shipment of silver.
Metallicafan6611 1 year ago
Well, that's a true truth, but who in their right mind would hand over a SE to pay for a one-dollar purchase?
BY the way, I was incorrect, a SE isn't 23/24 silver, but it is NOT composed of .999 silver. It CONTAINS 1 tr oz .999 Ag but technically, It has just enough copper (used to toughen up the coin) to make the blob of metal you'd get upon melting it NOT be .999. It is GOLD eagles that are 91.67% gold (22 karat), 3% silver, and 5.33% copper.
I still see no reason to melt them down.
pneumatic00 1 year ago
It has been said that because the Eagle is minted by the government that a merchant is only required to give you a dollar for it. This is the amount stated on the coin. This is not the case with an ordinary round.
B5Inquisitor 1 year ago
I also do not understand why anyone would melt down US junk silver coins. They are recognizable as they are, nobody is going to counterfeit a 1963 quarter. It is not easy or cheap to extract the 10% copper. Same story with sterling silver. Anything made of sterling SAYS "sterling" on it. If you melt it into a blob of silver, it doesn't say "sterling" on it any more, so then you have to assay it.
pneumatic00 1 year ago
I truly do not understand why anyone would melt a silver Eagle. They are recognizable as a SE even if they are tarnished and scratched. As such, they are assayed and their value is more than a generic silver round. Also, silver eagles **CONTAIN** 1 tr oz of .999 Ag but they are composed of an alloy that has a bit of copper in them...I think they are 23kt Ag, meaning they are 23/24 Ag = 95.8% silver. So you can't really melt them into a generic silver round because the metal itself is not .999.
pneumatic00 1 year ago
i thought it was illegal to melt us coins?
smartstuff2buy 1 year ago
@smartstuff2buy As far as I know, it is illegal to melt currency but it is completely legal to melt silver eagles. Though they are legal tender, they are not considered currency.
YouDiddntSeeAnything 1 year ago
If these people believe it doesn't matter, why melt 1 oz Silver Eagles to make 1 oz rounds? They're not gaining anything.
Silver is just silver, but a government minted coin gives you a recognizable standard. It gives you a known design, weight and dimension to weed out fakes.
stereokid 1 year ago
@stereokid they may want to melt it into a bar :)
YouDiddntSeeAnything 1 year ago
This has been flagged as spam show
Yo bro whatsssup!...
I wana learn some stuff about silver??
Can we be friends?, email me on virji1988@hotmail.com so we can talk
By the way what state are u in?
virji1988 1 year ago
Silver is not always silver.
Doesn't matter if it's gold, silver, tools or collectible. The only thing that will crash in a hyperinflation situation is the paper, everything else will be valuable. By all mean visit ebay, local coins shop,... to see if you can resell before. Making 3 transaction a week (quickly) for a profit is 10 times better than loosing wealth on 1 transaction you take a month to make. Be able to sell QUICKLY for a PROFIT(or no lost) it's all what matter.
didou776 1 year ago
Some stuff can be melted and some should be saved for historic reasons. (I find it wrong to melt coins pre 1965, but silver eagles and bars are no problem)
Tacocat21 1 year ago
$40 for an S. Eagle?!?!?!? I don't think so. Maybe two of them. Maybe. P.S. Jim thanks for the rounds. They're beautiful, MJ.
clarion7258 1 year ago
Why would anyone send in their silver eagles to melt? All you end up with is an ounce of silver worth somewhere around $20 USD, when you could sell it to your local coin shop for twice that?
xXBuccinOXx 1 year ago
@xXBuccinOXx You're right, if a coin shop would buy a circulated Silver Eagle for $40 that would be a great deal for the seller! Do you mind sending me the contact information of one that will pay that much? I have some that I would love to sell to that dealer.
QualitySilverBullion 1 year ago
@QualitySilverBullion Eh, that is a complicated question to answer. It really depends on the quality of the coin. Look up the coins you have and see how much they are selling for. Present this to the dealer to show that you are no one to try and rip off. ;) You could probably sell a circulated SE for around 30 in excellent condition. But that was a long time ago. Rarity helps too. This is stuff you probably already know. Anyway, Ive never seen a SE for less than 30.
xXBuccinOXx 1 year ago
@xXBuccinOXx Thanks for your information. The SE coins I have are circulated (tarnished, scratched, fingerprinted, etc...). I don't think too many dealers would want these. I know of a few places that sell silver eagles for about $3.00 over spot. You are right if it is a graded Eagle then it might sell for over US$30, but these circulated coins aren't in the best shape.
I appreciate your comments and hope to chat with you in the future. :-) Take Care.
QualitySilverBullion 1 year ago
Since silver rounds are not legal tender are they then subject to taxation at point of purchase?
amberpoovey 1 year ago
@amberpoovey It depends on the state. We are located in Utah and here there was legislation passed naming silver as a non-taxable product. Therefore, any silver purchased in Utah there is no sales tax charged. There are some states that require businesses to charge tax on precious metals. Where are you located? (You can send a private message if you want and I'll see if I can dig any info about your state's regulations)
QualitySilverBullion 1 year ago
@QualitySilverBullion The one issue I see with your minting operation is that you do not use any chemicals to remove impurities when melting the silver down. This is very bad because the .999 rating is no longer valid due to the impurities being introduced either by the air, tarnishing of silver, or the plating that some silver coins have. It is very important to use the chemicals that bind with the impurities such that you can scoop those impurities off the surface of the molten silver.
EETechs 1 year ago
I would never melt a coin in good shape
tlaza1317 1 year ago
Do you melt Morgan Silver Dollars into new rounds? What do you do with the Copper?
rockvpaper 1 year ago 4
@rockvpaper No we don't. The only silver we work with is a minimum .999 fine purity.
QualitySilverBullion 1 year ago
@rockvpaper Are you sure you wouldn't want to just keep the Morgan Silver Dollars for their extra collector's value?
phr4nk3rd00d13 8 months ago
What did u melt the silver into? I was looking forward to see what you melt it into and yet you did not show it....
Drav1212 1 year ago
Can you melt Walking libery coins? i believe they are 90% silver and look similar to this coin.
Erika445566 1 year ago
Silver is silver. But I love historical silver. Dont get me wrong, I am not a collector for numismatics. But I love old silver. And would hate to see something like old coins destroyed for something new. I love history. And so therefor, old silver is more than silver to me. Even though non numis graded coins arnt worth more than the silver content. The historical value to ME is worth something. Heres an idea. You should make a silver round, with the old Seated Liberty design. I would buy those!
ihatepulltabs 1 year ago
@ihatepulltabs ._. Silver sure is silver but I don't see the relevance in such a hypothetical, but not too unlikely, situation as follows... You find a silver 1903-O Morgan Silver Dollar. ~30 dollars in melt value? Sure, go ahead and melt that sucker down, it's old and "tarnished"! (Perhaps what an appreciator of coins would call "attractively toned") But this collector would pay up to 5,000 dollars for this coin depending on the condition!! Collector's value is always a whole 'nother story...
phr4nk3rd00d13 8 months ago
I checked your web site. Cool. I like the Indian Head round, thinking of purchasing.
PukkPukk 1 year ago
Lulz. Silver maples are purer.
maugustyniak 1 year ago
Hey, I'm in Peru and I'm trying to buy Silver here from some local sellers as making silver jewellery is a big industry here. I can get the highest quality silver made into bars but I would like to know if this is going to serve me in the event of the coming financial collapse, will it be recognised for its value compared to minted silver coins?
breando1 1 year ago
Thanks for the vid, i plan on investing in silver.
1freedomfighter11 1 year ago
Are you able to reclaim the gold from the plated coins?
telefreak2009 1 year ago
YES..silver is silver .If it has .999 pure of fine stamped on it then it doesnt matter where its from or what it says.If you dont like the design or its not youre style,just go on ebay and buy a ingot mold and crucible and make your own bullion.Good luck everyone
c4t2f0 1 year ago
Nice informative video (and the host is super cute, wow) , I just started collecting Silver Eagles.
ThePinkCustard 1 year ago
did you keep any 1996 you found?
Decoy8 1 year ago
Hi
Silver is Silver
But i prefer Australian Perth Mint 1oz Kookaburra coins as they are well recognised and known internationally.
As far as i know there is no Counterfeits of the Perth Mint Coins.
When it comes down to the day when i need to part with my silver i like to know that it will be easy to sell due to reputation of the coin.
Lemme know what you think
PraviBosanac
PraviBosanac 1 year ago
Hi Mate,
Loved the video,
I think silver is silver to some extent, i personally buy the Australian Perth Mint Kookaburra 1oz Coins as they are well recognised even internationally, another aspect is that they are known for their quality and lack of counterfeits.
When it comes to the day where i need to sell the Silver away, i need to know it will be recognised internationally and that it is well known amongst Silver stacker's and the like.
Lemme know what you think?
PraviBosanac
PraviBosanac 1 year ago
@PraviBosanac I think you hit the nail on the head when you visualize being able to liquidate your silver when you buy it. I think everyone should do exactly the same when buying silver.
What kind of premiums do you pay on the perth mint products?
QualitySilverBullion 1 year ago
@QualitySilverBullion
As i am typing this spot price is $19.70 AUD, i have just purchased 10 X 1oz Kookaburra Coins for $25.50 AUD, Which is a 22% Premium, having said this an Australian Bullion Dealer is Selling them for an Average of $29 AUD a Coin, I Consider myself lucky because i can source them a little cheaper then most Bullion Dealers advertise them for.
Either way im happy with my purchases as they come in a coin case straight out of the mint, to help keep them in Prime condition
PraviBosanac 1 year ago
@PraviBosanac A 22% premium is pretty high in my opinion, but then again I don't know the market very well in Australia. Glad you are pleased with the purchase! :-)
QualitySilverBullion 1 year ago
@QualitySilverBullion What is the average premium for the American Silver Coins? i.e Silver eagles.
Keeping in mind the Kookaburra coins come individually encapsulated, so they keep in mint condition from my knowledge the American silver eagles do not.
PraviBosanac 1 year ago
@PraviBosanac i could kookaburra coins for 23 us you got ripped off
andrewrosso 1 year ago
@andrewrosso
The Perth has high premiums but I would and do pay it simply for show. Its looks better than any jewelry I ever seen.
Anothercoilgun 1 year ago
silver is silver. putting a fancy eagle on it won't change anything.
cedricalien 1 year ago
@cedricalien Silver is silver, but their putting a fancy eagle on it will, in fact, change something. If, for whatever freak reason, the melt value of the silver in one of these government issued dollar coins ever drops below a dollar, it will still be worth a dollar in circulation. So I suppose one could say that these are guaranteed, to a very small extent. Then again, disregard all of this and buy generic silver if you dissent against the government. No need to fund your enemies, so to speak.
phr4nk3rd00d13 8 months ago
Silver is silver for me, but unfortunately not for my government. If you import or buy silver in a form which is not legal tender (ie; not American eagles or Canadian maple leafs) you are charged a 25% VAT (Value Added Tax) on your purchase.
This makes it more economically to get legal tender bullion coins for me. I live in the Norwegian nanny state.
Oh, and you seem young to have your own mint. Please tell us how you started this, or how you got into this industry. :)
MatteNoob 1 year ago
@qualitysilverbullion But do you, as a silver dealer, think that silver is becoming sacrce? In your opinion, is silver going to go to it's 1 to 16 ratio with gold, be so nice to tell us the truth. Thanks. :)
rooftop0rocketz 1 year ago
@rooftop0rocketz Good Question rooftop0rocketz. There are people since the great depression that have said silver is running out. There are also those that say we have plenty left for our needs. I have always been able to get .999 silver to mint, so I am not yet convinced that the supply is a problem yet. The manipulation of the markets can only hold for so long before it cuts loose; and when it does we will see the minimization of the gap between gold and silver.
What's your take on it?
QualitySilverBullion 1 year ago
@QualitySilverBullion well :0 lol im new to this business. Silver is way cheaper. So people would love to take advantage of this volatial market. But gold is to expensive so what is next SILVER. I see the gap closing between gold and silver. I hope it takes its time to go up, so we could all take advantage of the situation. As i write silver broke its 30 day high so I see more highs to come :D Do you invest in gold in these times!?
rooftop0rocketz 1 year ago
@QualitySilverBullion well :0 lol im new to this business. Silver is way cheaper. So people would love to take advantage of this volatial market. But gold is to expensive so what is next SILVER. I see the gap closing between gold and silver. I hope it takes its time to go up, so we could all take advantage of the situation. As i write silver broke its 30 day high so I see more highs to come :D Do you invest in gold in these times!?
rooftop0rocketz 1 year ago
@QualitySilverBullion from what I know is that the original goverment confictation of metals in the depression was bullion and rounds I belive. But I do agree with you that the government could and will do anything in a really bad situation if they want to, by then we are all screwed :( I really don't think they would do that anymore cause the world uses the current fiat money system they would just give us a new currency by the IMF.
rooftop0rocketz 1 year ago
@rooftop0rocketz The only way I can see a government confiscation of PMs happening is if they were to attempt to take the power away from the people. Otherwise I agree with you that a new fiat currency would be introduced.
QualitySilverBullion 1 year ago
i would love to chat about all things silver
NeverThat 1 year ago
If the government were to call in all bullion and rounds. The eagle can't be taken away because it's legal tender. :)
rooftop0rocketz 1 year ago
@rooftop0rocketz
I'm not sure I understand what you said. I would think that because it is legal tender, it is government property. That means that the government has the right to recall what is theirs, which excludes privately minted rounds. To be honest, if the government took such drastic measures to recall silver, they probably wouldn't delineate between where the silver came from. If that were to happen I assume it would be in a very desperate situation worldwide.
QualitySilverBullion 1 year ago
@QualitySilverBullion
Gov't has no such "right" to recall
- though a lack of legal basis has never stopped them before.
"Legal tender" coinage does not mean gov't ownership.
Though sometimes the gov likes to assume ownership.
Constitutionally, money belongs to the people.
Problematic with legal tender laws.
Gov likes the current lack of clarity and public ignorance.
If they clearly said, "it's ours" then who would want to keep their wealth in it?
Jyoyo1 1 year ago
@rooftop0rocketz Do you have more information stating that "The eagle can't be taken away because it's legal tender?" If you do please let me know. Thanks for your comment!
QualitySilverBullion 1 year ago
People who accumulate small amounts at a time really like the low shipping and discounts.
Buying from APMEX in small amounts really adds to the price per coin.
Looking forward to my 1st purchase at QSB.
Does a minter have to get any certifications on the quality of the bullion? Or is a mint built up on progressive reputation?
just wondering.
karmiclaugh2 1 year ago
One thing people aren't doing is thinking! In a economic collapse & dollar is NO longer accepted. Trying to barter to a shop owner with a 10,100 or 1000 oz silver bar or gold will be difficult.
1. They are not metals dealers & may not want the hassle of that hunk of metal as they do not own a foundry, they are SHOP OWNERS!
A junk silver quarter, dime...etc or 1 oz pure liberty or maple for example will have its melt value as well as its monetary value & is easily circulated among the public.
D33Lux 1 year ago
Hey JIm, how are you? Great job with the vids and quality silver. Just wanted to ask your thoughts in regards to me reselling QSB silver when the time is right.
. Where should I head to get my funds, do you feel that most buyers will recognize and accept and veiw it they would a ASE coins?
thanks
Counter8 2 years ago
1. i have 6 old quarters that contains 90% silver can i send them in to you to remelt if so how? thank you.
woodlandman105 2 years ago
@woodlandman105
We only work with .999+ fine silver, therefore we wouldn't be able to melt it. Well we can melt it for you, but it wouldn't separate the pure silver from the other materials. See the conversation below with peicemakerSS22. Thanks for your question and I'm sorry that it's probably not the answer you wanted to hear. Take Care!
QualitySilverBullion 2 years ago
@woodlandman105 They'd probably be worth more unmelted if they have any collector's value...
phr4nk3rd00d13 8 months ago
I would not melt them down if it were me. They have to be dated 1964 or earlier to be 90% silver. When you melt the coins it doesn't separate the pure silver from the other materials, and unfortunately I haven't seen a huge market for 90% pure silver bars. Once you melt it a coin dealer won't have a way to tell the purity unless he does some tests on it. Personally I would keep the coin as is. Coin dealer might be the best place to sell, but classified adds or ebay might get you the most money.
QualitySilverBullion 2 years ago
Again that's just my opinion, and I hope it helps a little. Actually If it were me I would hold on to the coins altogether if they are pre-1964, but if you need to liquidate that is all up to you. Sorry for the long reply!
QualitySilverBullion 2 years ago
Amen! Nothing else to add! Thanks!
QualitySilverBullion 2 years ago
Nothing against QSB, but I would rather have a US Certified Silver Coin than a bullion round that not much people know of.
pokermon919 2 years ago 12
@pokermon919
Certification is good for A coin or small set for investing and trading. Stacking silver for wealth storage calls for generic bullion. Why build a premium stack when you can get a generic stack. If the time ever comes to liquidate or melt down, you will get below spot whether it be Perth Mint, U.S. Mint, or Private Mint. Water is water and silver is silver.
Anothercoilgun 1 year ago
@Anothercoilgun
That might be true in the very distant future, but in this video ppl are melting their tarnished and circulated Silver Eagles for a generic round. Thats a big no no. QSB rounds are very nice though.
pokermon919 1 year ago
Comment removed
cervantessssssssssss 2 years ago
Comment removed
cervantessssssssssss 2 years ago
What's the chance some of the legal tender being sent in for melting was acquired through less than legal methods?
silvermediastudio 2 years ago
I am a preper. I buy silver as a protection against inflation. I prefer minted coins or bullion bars/coins from world renown minters just in case I have to leave the country to sell my silver. Less questions asked about known government bullion or private rounds/bars. In time of crisis the prices will be based on silver content and not collection value. If crisis never happens, I simply give to my children when I die. No estate taxes if transfer is done privately.
fee1776 2 years ago
Thanks
QualitySilverBullion 2 years ago
I did not mean to detract QSB coins because they are not widely known. I would recommend QSB for people who want precious metals but are on a tight budget. Your prices, dutch auction and shipping charges for small purchases are very competitive. These are the customers who will help QSB grow and become more well known. Someone will buy lesser known coins. Better to own QSB coins then no silver at all.
fee1776 2 years ago
This has been flagged as spam show
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MLMGlobalization 2 years ago
Silver being silver is not really the point. If I decide to sell any of what I have, I will get a better price than something that is all scruffy.
TheSilverHolder 2 years ago
Liquidation is a concern that many silver investors have. It is likely that it will be easier to liquidate an uncirculated silver piece than one that is tarnished and scratched.
QualitySilverBullion 2 years ago
I think silver is just silver, when you buy the ASE you pay more and it sells for more (better for collectors and patriots I think) For investors or protectors...any silver is good silver. I only own a small amount but I like the private silver...
qlcmusic 2 years ago
Thanks qlcmusic!
QualitySilverBullion 2 years ago
It is a small extra expense, but all of my new rounds, uncirculated ASE, 90% coins and 1 oz bars are in air-tite capsules. Silver is a relatively soft PM and is best off protected and preserved. Sadly, I have never touched 99% of my silver physically. I do have a few naked pieces to sooth my silver addicted soul, however.
TheSilverHolder 2 years ago
I agree with that. An untarnished and unmarked silver piece would most likely sell for more that a tarnished piece (there are a few exceptions). All in all, that is why these ASE's were sent to be remelted and made into fresh bullion rounds. Thanks
QualitySilverBullion 2 years ago
i think it depends on who u ask in my case silver is silver i live pay check to pay check and just started to invest in silver so i look 4 the best prices to weight to get my dollars worth
sidssitten 2 years ago
I like that attitude! One customer of ours has been buying 5 or 10 ounces at a time every once in a while. He put himself on a steady buying program and now has over 100-oz of silver. I won't say that is a lot or a little, but it definitely adds up. Thanks for the comment :-)
QualitySilverBullion 2 years ago
damn dude your madd young how do you own your own mint and bullion company??
Sarombi 2 years ago
Silver is silver. Government issued silver is less likely to be fake.You're paying for reputation.
eurohim 2 years ago
Exactly...and it might be worth paying the extra for an ASE if you don't want to put in the time to find a reputable silver source. The sad thing is that even ASEs are replicated and falsified. Any investor needs to be smart in their purchases.
QualitySilverBullion 2 years ago
i dont think silver is just silver because people are prepared to pay much higher premiums for well known bullion coins ad assayers and also proofs but as far silver being a store of value at end of the day in times of a financial crises it doesnt really matter all silver is a good hedge against inflation
prepare2008 2 years ago
I like the way you word that. In your opinion, is it smart to pay more for a Govmt Issued 1-oz coin than a bullion 1-oz round?
QualitySilverBullion 2 years ago
not really because an ounce of silver is an ounce of silver but here in the UK the dealers I know offer higher prices for the government issued bullion coins it is also easier to sell them worldwide as they are instantly recognised and guranteed for wieght and purity
But after a while private mints become just as well known and in demand it just takes more time I mean johnson matthey and englehard are now in demand they were small names at one point
prepare2008 2 years ago
Well put, and if you have any other info or opinions on this subject please share. Thank you!
QualitySilverBullion 2 years ago
First majestic are a private mint and thier rounds are becoming known ive seen well known ebay delaers selling them and people always bid but then they are maketing themselves quite heavily they are always pushing thier brochures at silver trade shows
ive seen a guy from ireland on youtube with your buffalo rounds he raelly likes them he had about 10 ounces
prepare2008 2 years ago
I think everyone need to have a bit of everything. I certainly got some govt minted coins and I also got lots of generic rounds.
chimpanchu 2 years ago
A valid opinion! Let me know if you ever do any videos showing off your collection.
QualitySilverBullion 2 years ago
Comment removed
silverjunky999 2 years ago
In this case, a customer would rather have a new silver round, than their circulated ASE.
What's your thought? Which would you rather have?
QualitySilverBullion 2 years ago
i bought silver from qsb before
scgoquj86 2 years ago
Thank you!
I hope you had a good experience.
QualitySilverBullion 2 years ago
I thought it was illegal to melt government minted/ legal tender coins??
ev06dre 2 years ago
On the US Mint's website it states, "Although altering and defacing United States coinage generally is not illegal, doing so violates a Federal criminal statute (18 U.S.C. § 331) when the act is accompanied by an intent to defraud." (I can't post links in the comment but if you want that reference just email me at our youtube email.) Once melted, the coins would no longer be "currency."
Did that make any sense? Good question.
QualitySilverBullion 2 years ago
Could the government even if silver goes up to $300 per oz.Could Obama do what Roosevelt did to gold and make every one turn it in for face value.$1 for a $1 zine coin?
moomman89 2 years ago