JUNK SILVER OR .999 FINE SILVER? - DAVID MORGAN

[zxlp69]

Junk silver is property of the U.S. Government and, as such, can be legally confiscated by the government. Canadian junk silver can also be confiscated by the Canadian Government. You are forewarned.

[lowpross11]

Sounds like common sense to me....

It all depends on what YOU want to do with it....

What's your reason for buying?, etc...

Good Video Post.

[CollectingSilver]

I think there is NOTHING to think about. Its really a common sense to buy junk and a lot of it, also buy bars, and rounds... You have to have a good variety, because when shit hits the fan you got to pay for food, and its much better to pay with dimes rather than a 100 oz bar, because change you will get is in fiat money... So smaller silver currency you have so you don't have to get change back is better. Investment way is bars and rounds!!!

[Johnnyrockva]

I absolutely love pre-64 american 90% silver. Its cheaper to buy, and if silver goes to zero, the junk silver is still legal tender

[Bravesfan4500]

@Johnnyrockva in 6,000 years of human history silver has never gone to zero.

[ArgentPure]

Personally, I've traded off all my larger bars and now have nothing but 1 oz bars/coins/rounds and also junk silver with an emphasis on dimes!

[IJustLikeToPlay]

I would say buy silver that is most recognizable with people, which would be 1 oz rounds (ex. Silver Eagles), 5 oz bars, and 10 oz bars. These will be very easy to sell & already have their weight listed on them for zero confusion. I've noticed also buying 10 oz bars also tend to have a lower premium.

Shop craigslist! Def. cheaper than dealers around here in NC. Thanks~!

[33commonsenseguy]

I think they need to rename "junk" silver. 90% isnt "junk". What a misnomer. I like the coins as apposed to bars regardless if they are 90% or 99% .......

[LetsgetphysicalAg]

I tend to think that a solid investor is diversified in all types of silver! From junk silver all the way up to 100 oz bars! You never know what kind of scenerio you are going to be in where you might need one or the other...so might as well have all (just in case) !!! :o)

[warmoviesboy]

junk silver is the easiest way to get silver for cheap and it doesn't carry a premium price like Silver Eagles. Just go buy a few dimes.

[SilverHedgeInvest]

I like this!!! Buy Silver Dimes and Keep Stacking!!!

[tracygonecrazy1]

I don't think that it matters worth a damn what form you buy metals in, really it's simply (spot X weight) forever and always and worrying about whether it's in this or that form is silly. No dealer cares or will ever care. probably people are paying way to much for it now at $40 or $50 an ounce and people who do are likely going to be burned.

[D33Lux]

Whymewhysilver makes a great vid on why everyone should own a mix of junk silver. I have nickels, dimes, quarters and dollars. I'm looking for more small denomination junks silver for a SHTF scenario and need small barter money.

watch?v=FrX3qjgy1IY

[acuriousbeast]

Diversification is good idea even if it's just in your silver. One point many stackers miss is the need to 'make change'. If all one has is 1 oz. and the other one 'say's sorry no change' and one really needs the product one leaves money on the table.

Also the distinction between .999 and .9999 is lost on most people. If the price is 1 oz. most people are going to shave some off and give it back to you if it's .9999. They'll just say tough @#$!.

[silverexplosion]

I buy junk and 999 fine, they are both winners.

[weelgunny]

100oz bars seems a little large to me. 10oz are my biggest ones because of ease of selling.

[Uwiluz60]

I think its a safer buy to buy Morgans at $25 to $30 each, even if its over melt. If silver would tank the coin value would never be less than collection value at $25, With rounds you are always betting on a raising silver market .Of course the better condition the Morgans the better. But I buy Rounds and Eagles too, believing the government won't do the right things to bring back a strong dollar and silver will most likely go north of 100..But Morgans are safer.

[djoctopus70]

I got a mix my goal is $1000 is us silver coins

[ScrapGoldBusiness]

GO TO COINFLATION GOOGLE IT

REALLY COOL PRICING CALCULATORS!

[CollectingSilver]

@ScrapGoldBusiness Great site, I would recommend this to anyone who is buying junk silver from pawn shops or ebay, so you don't get f over.

[MegaSnowman35]

If thing in our lives do get messy how is one to cash in a 10oz bar if silver goes to 100 dollars an ounce what store going to except this as true? A thousand dollars! Silver bar can be forged, but silver coins in small donations are more difficult to be forged and are stamped by the government. Real money to the public and will be recognized so.

[budb11]

What's the common price for junk silver? 20x face? 15x face? I noticed that Bullion Direct, last week, was like 19x bid and 21x ask. Thanks for your videos.

[silverexplosion]

I have a few hundred 1964 and older dimes...about 30 silver dollars...and LOTS of 999fine rounds and bars...lots.

[ericlepiq]

silver is silver low premium mean more silver

[GONECRUISING72]

i have about 50 pre 1964 silver coins i have a fair amount of silver rounds and coins as well only one ounce though. so i have both but, i like the pre 64 stuff because i buy old coins i have a morgan dollar from 1879

[endlessmountain]

for the same reason Mr Morgan likes scrap silver, I do also

I would rather use the name Scrap Silver coins rather than Junk silver.

[TheChiefSteel]

It's all Silver. I like both. I own both.

[Rizky06]

I would think a Scrap Gold-Silver dealer who does this for a living day-in and day-out (such as Greg) would have the best answer.

[ScrapGoldBusiness]

@Rizky06

I WILL BE DOING A VID ON THIS AND OTHER COMPARISONS IN THE FUTURE:)

[JOConnor100]

A mixture of both .999 silver and 90%(junk) is desired. I personally like to have variety. The 90% is cheaper to buy than .999 silver.

[endlessmountain]

@JOConnor100 i have a ratio of 9 to 1 on 999 to scrap coins

[Bigoldjeff1956]

I have a mixture of junk silver and .999 silver bars and Government bullion. I would say about 75% in junk silver (dimes, quarters, half dollars, and dollars) for bartering purposes and 25% in .999 silver bars, U. S. silver eagles, and Canadian silver maples. The junk silver though good for bartering, does get a little bulky for storage. I tend to go where I can get the best prices, and that's usually in junk U. S. coins, but ocasionally I do find silver bars at fair prices.