Junk Silver Coins are being used in Grocery Stores: George4title

[closer71]

Only a total idiot says things like "You can't eat gold." And believe me, there are millions and millions of stupid f-ing morons carping that very sentiment all over YouTube and all over the Internet. Bunch of mindless losers who just don't get it...

[TheTrueJBV3737]

@closer71 they like eating paper. º_º Honestly would you rather eat 1 ounce of gold or silver or one ounce of paper? I think the paper would go down and come out a lot easier! XD rofl.

[TexazTru]

STERLING SILVER

[celeriacmarcus]

So how much food can I get for a silver half dollar or an oz of pure silver, you think???

[TwiztedAnimator]

I want to start accepting Silver for my online services, is it legal or do I need to file additional documents to the IRS? I can't find much information on it through Google.

[RowenaLupin]

silver was only 15 dollars an ounce? I wish i could get it that cheap now lol

[SilverGoldBuddy]

Sweet!

[yup5220]

that asian dude is a genious,, so ahead of his time his parents havent met yet..

[86HinesWard2Rings]

I would have kept the silver and gave him the paper.

[GotSilver100]

check out my new GOT SILVER? shirts on ebay

[belowthepovertyline]

Yeah, this is a sure sign of a bubble. Big time. In the 1920s, stock brokerages were on every corner and on cruise ships. This is the same thing. Hope you silver bulls don't lose your shirts.

[inkey2]

@belowthepovertyline i don't think it is likely that silver will bust soon. In order for that to happen the USA would have to some how, by some amazing miracle suddenly pay of the national debt and stop over printing paper money.

[BrokenTVink]

@He101A yeh yeh degrade me call me any name you want you cant pissme off cause I know what you reall y are, your boring., FUCK OFF YOU WORTHLESS PIECE OF EXCREMENT

[BrokenTVink]

@He101A fuck off sock puppet!!!

[BrokenTVink]

the future? i think it hilarious that our glorious monetary system sucks so bad that we are actually going back to the past! all these coins were everyday money for people back in the day.

[junksilverman]

fantastic video!! thanks

[Casmige]

=OoO=

Georgie-dough-Boy...you're getting a bit Fat in the cheeks there guy...

Guess you ain't doin' so bad....I'm jus sayin'.

Mahn, Get a Bike or sum-thin'

[So1othurn]

change in fake money?!! Bullshit!

[TheKerryzzz]

I have picked junk silver out of my change for 40 yrs. So what do you do with it? Just been sitting for 40+ yrs.

[TheKerryzzz]

@starwarsblazer to starwarsblazer;, since I dont know L.A. area, it could still be Korean area as far as I know.

[TheKerryzzz]

That gook just wants to get your silver to hoard it for himself. They all hoard gold and silver. You didnt know that George???

[TheKerryzzz]

All of those Gooks hoard gold and silver anyway. Some of them even pick up and hoard aluminum cans. They love anything metal.

[TheKerryzzz]

How stupid !! They dont do this at the stores. Where are you george? some korean store. That doesnt count for the population.

[Carbonmask02]

you look like kyle hawkins

[Alucard106]

15 $ Silver Old Days :)

[mbtrader67]

@Alucard106 yeah we will be seeing $1500 silver according to Michael Maloney. So hang on for the ride and get you some more silver. If you can't afford silver don't forget Copper as well

[davidlee110]

@mbtrader67 Can't afford silver then use it for nickels and copper pennies.

[thebensammyshow]

cool video.

[1977logan]

KEEP SPENDING THAT SILVER LOVE BUYING IT UP!

[chriscich]

The easiest way to find if a coins is a 90% coin is to look at the cross section of the coins where it's reeded. The 90% have a solid silver cross-section while the 1965 and later coins have a sandwiched alloy look. Also, drop it on a table and listen to the sound it makes when it hits the table. Silver coins have a unique "jingle" sound. My wife once said "it sounds just like how money should sound".

[ManicEightBall]

Shouldn't you be holding onto the silver for later? I think you're going to want that.

[Cortezhmphll314]

did u say that the USA (dime) is 90% silver, regardles of the date on it? im new to this stuff, n i wanna know

[antifactionprogman]

@Cortezhmphll314

Dimes are 90% from 1964 and prior. The reason he brought that up is because pennies and nickels are not silver. dimes are therefore the smallest silver coin, so having a lot of them will make it easier to match the value of the product your buying. Half dollars from 1965-1970 were 40% silver. and nickels from 1942-1945 were 35% silver.

[chriscich]

@Cortezhmphll314 USA Dimes that were minted 1964 and prior are 90%. So are Quarters, Half Dollars and Dollar Coins.

[scorpionkings]

Now the dude behind the counter contacts a coin collector and makes more money from those silver coins. Their is more than just the value in the silver their also is a value in how RARE the coin is! Educate yourself in the value of the amount of silver is in the coin PLUS how RARE the coin is, otherwise you are gonna get fucked out of money.

[antifactionprogman]

@scorpionkings

Junk silver is common coins not rare ones. But your are right that you should check in case you have a high sought after coin.

[boipinoi604]

Long ass transaction

[Torgo1969]

I'm not a fan of "junk silver" in the form of older dimes and quarters and dollar coins, but what is immensely fun IMHO is using a hammer and chisel to divide splittable fine silver bars and rounds available from many sources. When TSHTF, it seems to me that these pieces with "1/4 oz .999 fine silver" stamped right on them will be superior for bartering. But then I've always been a purist. BTW, I traded 3 silver eagles for a muscle massage the other day and got someone new into the game!

[GManGT]

GREAT....lead the thieves right to the money/gold room.

[47gomez47]

i have 2 1964 half dollars, how do i know if there 90 OR 40% silver?

[rllang01]

@47gomez47 if the are 1964 or earlier, they are 90%

[Tacocat21]

What do you think silver eagles are worth in that time for their weight ($1 of us stuff = .77oz , silver eagle $1.40??)

[potboy321]

Awesome and interesting. But I sure wouldn't give my silver junk coins like that....LOL

[JRCrowley]

"Instead of money... I actually got some silver here..." Actually, the silver is the REAL money while the fiat is the GARBAGE. ;)

[MoneyIsSilver]

First Law of Competing Commodity Currencies:

"To be circulated, the exchange value of a commodity currency against a fiat currency must exceed its intrinsic value denominated in the fiat medium "

[telephotousa]

I'm a 25 year+ coin dealer. at $18.00 silver that stuff melts at 52 cents per gram, not the 39 cents/gram he told you. Meaning you just paid $25.83 for your $19 worth of groceries, that he was making a profit on to start with I might add. You got hosed, Mr. expert. and I'll bet he boned you on the scrap gold as well.

[2010LOC]

@telephotousa

note that he said silver was at $15oz

this video was made over a year ago and your comment was posted 1 week ago.

[telephotousa]

@2010LOC OK, so it was a year ago and silver was $15.00. At the 39 cents a gram he was paid, that still only comes out to $12.12 per ounce. Plus, he was trading it for groceries priced at retail, so the other guy was making money on both ends of the deal. This 'expert' still got hosed.

[2010LOC]

@telephotousa

then either hes talkin about 39 cents per gram of 90% silver, OR he got ripped off.

i think he did anyways over an oz of silver for the shit he got seems foolish

[MoneyIsSilver]

@telephotousa YEP! Trading silver at melt value is a bust. There has to be a trade value above the melt value for it to circulate.

[jasmatk]

@telephotousa this video was made over a year ago when silver was 39 cents/gram

[delyparker777]

In case anybody is NOT familiar with Bob Chapman, he has worked in Wall Street for 28 years. He says that the junk silver will be used for barter and those who have prepared for this economic collapse with dehydrated food, water, water filter, gold and silver coins will become the new "middle class" after everybody else is wiped out. I remember being told many years ago that during the 1970's oil crisis that the gas stations would put you ahead of the line if you paid with junk silver dimes.

[markdonofrio]

Metal is money!

[MzProgressive]

Good work "saving" the vid that got G4T "kicked off" youtube, Clayvessel! NICE!

This vid will be more and more pertinent as we watch inflation turn into hyperinflation.

Please note: Spot silver is $3+ higher than when this vid was made just a short time ago.

Keep stackin' (silver, food, & etc.) girlfriend!

[nashnosh]

Wow, hasn't your CIA blown-up this store yet?

Killin for the Rothschilds - A fine CIA tradition.

[MrEnergyCzar]

Great junk silver video. We may see this in certain areas should hyperinflation hit the states...I made a film to help people prepare for peak oil. It's called, "Preparing for peak oil"...

[ANTIDALLARD]

@MrEnergyCzar And oil never peaked. Huh? Turns out there could be more oil than we know what to do with.

[AnnoyedDragon]

I'm sure it would be "fun" buying food during hyper inflation. Assuming riots hasn't destroyed all the local shops, good luck getting home with the supplies when there are desperate people everywhere.

[MzProgressive]

@AnnoyedDragon

Damned good point

[DetroitLove4U]

Silver & Gold have always backed the American Dollar. At this point - I would not run around endeavoring to purchase nothing in such a manner although the point of this video was to prove that one could and that our economy is fleeting thus adumbrating as such stated therein. I for one believe that the best approach right now is to hoard most notably silver. In 2009 - the government minted no Silver Eagles proof varieties. Thus such would suggest even the government now had low silver reserves.

[MYAR15SaysImFree]

Only til they abolished the gold standard in the 70's. Then our dollar started its nosedive into the oblivion. Whats startlying is that so many people dont know about old silver coins and prbably unknowingly spent lots of coins at face value. As people catch on, Silver coins will be harder and harder to find

[MzProgressive]

@MYAR15SaysImFree Correction - We went off the Gold stasndard in the FIRST Grate Depression ... it was the Silver Standard that Tricky Dick Nixon dumped in 1964.

Today ANY pre-64 Washington Quarter is worth $3.31+

Go figure!

[chrisdotwynn]

@tozak1

Hey bro, anything you need that you want to pay in junk silver coins with (or any type of silver) just let me know and I'll work it out for you if I can

[chrisdotwynn]

Oh yeah, you gave that man WAAAAY more than $19 in silver buddy

[RileyE104]

@chrisdotwynn

With today's silver price of $16.19 it would take 17 pre-65 dimes to make $19.91.

At the time he bought this stuff, silver was at $15, so it would have taken 18 dimes to equal $19.54, which is apparently what he paid in dimes, seeing as how his total was $19.19 and he got $0.35 in change.

From the looks, that's what he gave the guy, and he only gave him what was on the scale, not the other stuff. So why are you saying he gave him more than that??

[chrisdotwynn]

I didn't realize that he paid in all dimes. I thought that he gave him mixed coins

[4freespeech]

Remember that junk silver is being traded for goods at the same rate paper dollars are that same day. People got to get over this "antique value" sh*t. Either your coins are collector coins or they're not. There's no difference in that situation with a "plywood door" than there would be if he had envelopes with paper money in there. The difference comes when you KEEP the silver, which rises in value every time the paper money goes down. Hope this idea goes nationwide.

[dave997]

wow nice bags of silver and gold behind a shitty plywood door and probably no real security. and you show the name of the store

[mreisma]

isn't this illegal

[arrroman]

no, any legal us money no matter what material they used are legal to use in the us

[chromethink]

If a store wants to accept gumdrops as currency they're free to do so. What the tender laws require is that they have to accept official US currency also.

[MsIMListening2U]

I read an article about a guy who was paying his employees in gold and silver and the IRS is pissed because the face value of the money is what was declared as income, not the market value! It is ingenious to navigate around income and employee taxes but definitely an IRS nightmare! LOL

[chrisdotwynn]

@MsIMListening2U

Wow that is smart man! I don't know why I never thought of that! I'm gonna pass it on to my boss,lol

[duenyen]

Will this store allow you to exchange dollars for silver (or gold) coins? What is the spread?

[aaronsegura]

I've paid for gas and groceries in silver before. Just make sure they accept it before offering it, or have reserve notes on hand in case they don't.

No law says they have to only accept "fake money". It's up to the business and the consumer to decide the currency they want to use for trade.

[gvarhelyi]

ha ha ha "fake money" I call it counterfeit money.

[andrewjconners]

@aaronsegura stores are required to take all US currency

[aaronsegura]

@andrewjconners You obviously misunderstand my statement. No law says you *have* to use US legal tender (AKA Fake Money) if both parties agree to use alternate currency.

[polygamous1]

@aaronsegura well i think anyone who will accept fake money wont accept real money their tough luck when fake money becomes bog paper n Silver will be the king

[MegaPudster]

@aaronsegura any currency is fake. including gold and silver. who says anything has value? the banks. they say gold and silver are valuable, and we go along with it. anything can be considered currency, but we accept paper money and gold and silver as having value but in reality, anything which is agreed on can have value.

[aaronsegura]

@MegaPudster Not really. Gold and Silver have been used as currency since long before banks were around. Otherwise, we basically agree.

[inkey2]

@MegaPudster well gold and silver have about a 5000 year track record so I am going with that.

[sportyj2420]

@MegaPudster ,and the only thing that has been agreed upon for 5000 years that didnt loose its value,which covers 100's of different paper currencies,beads,shells,tally sticks,ect is gold and silver.

[puapake]

How does he make a profit if he pays the straight spot price everyday? Shortly after this video was made, the spot price went from $15/oz to $12.65. Today it's $14. I would like to know where his store is, it looked like Long Beach?

[cdltpx]

The reporter on this video bought maybe $7 worth of merchandise for $19 I assure you the merchant is making money when he sells his stock he could take in a key date in change worth much more. As for gold for cash he has a curve installed to insure he is paid. The merchant has considerable risk in making these transactions and should take additional precautions. When you deal in the hood it is best to do so in a back room this is out there sure he has a strong room to me that is not enough.

[RileyE104]

@puapake

I imagine very few people are using silver to buy things there, so he probably just takes the silver he gets and adds it to his own personal savings and pays for the merchandise he trades for it with his own cash.

Looks like the store owner in this video figured out a good way to buy silver at spot price!

[POWERSALVATRUCHO13]

fake video~

[cammoguy]

Thank you for showing this!

[george4titIe]

Thanks guys for the comments.

[crasster1]

Absolutely FANTASTIC.

Hopefully he didn't charge you sales tax and made it an even trade.

[randallsellis]

Thank you for posting this video. Best.