• "Spreading the ideas of freedom loving people on matters regarding high finance, politics, constructionist Constitution, and mental masturbation of all types"

Asking Advice On 90%

Rollie Free

Midas Member
Midas Member
Joined
Mar 31, 2010
Messages
5,275
Likes
5,324
Location
Nebraska
#1
RIght now there is a perfect storm of lower spot and lower premiums on 90%. Just for example I can go to the local shop and get a quarter spotted at $2.90 for $3.00. Or I can get Peace dollar for $16.50.

Would it be better to get some junk at nearly spot or pay a premium and get silver dollars?
 

jelly

Silver Miner
Seeker
Joined
Dec 6, 2010
Messages
905
Likes
705
#2
I would do a little of both. I love silver dollars as long as they are XF or better - no junk pieces. If you're buying quite a bit, I'd go with mostly 90%junk silver. If you're just buying a little, I'd just get the silver dollars.
 

smooth

Gold Member
Gold Chaser
Site Supporter ++
Joined
Mar 31, 2010
Messages
2,927
Likes
5,465
#6
Kinda depends on what you already have socked away. @16.50 for Peace dollars, it doesnt seem like a very good deal. But if you dont have any??? Same with your stash of Junk Silver. If you dont already have a bunch why not dive in? Other than that just buy for weight of AU with the less premium...
 

newmisty

Splodey-Headed
Midas Member
Site Supporter ++
Joined
Mar 31, 2010
Messages
25,265
Likes
35,746
Location
Qmerica
#7
RIght now there is a perfect storm of lower spot and lower premiums on 90%. Just for example I can go to the local shop and get a quarter spotted at $2.90 for $3.00. Or I can get Peace dollar for $16.50.

Would it be better to get some junk at nearly spot or pay a premium and get silver dollars?
Morgans have been off the chart round here!

Were selling for $4-12 over spot! Haven't checked in a while. If you can get Morgans near spot grab all you can.
 

savvydon

Gold Member
Gold Chaser
Joined
Dec 14, 2010
Messages
3,041
Likes
2,669
#8
Silver dollars will run you a premium over spot, even for cull examples (heavily worn). The reason is that no regular issue silver dollars have been minted since 1935. They have some history, some cachet, and one will pay a premium for this. ‘Junk’ silver is the regular old 90% that circulated as money until 1964. Typical junk includes mercury or Roosevelt dimes, Washington quarters, or walker, Franklin or ‘64 Kennedy halves. You can get junk for near or at spot. For my money, Franklin or Walker halves carry plenty of history/cachet and are a great deal, as are Mercury dimes. Then again, there is nothing like the feel of a big ol silver dollar in hand...
 

Rollie Free

Midas Member
Midas Member
Joined
Mar 31, 2010
Messages
5,275
Likes
5,324
Location
Nebraska
#9
It sounds like the wise, reasonable strategy is to secure the smaller denominations.
serveimage-1.jpeg


But, but, silver dollars
serveimage-2.jpeg


I'll try and keep my cool.

Half dollars are only a scant more. That may be a good happy medium.
 
Last edited:

edsl48

Silver Member
Silver Miner
Site Supporter ++
Joined
Apr 2, 2010
Messages
2,444
Likes
4,568
#10
+One thing to remember is that based upon today's prices one dollar in junk silver has a metal value of $11.59. The metal value of silver dollars is 12.39 because there is more silver in a silver dollar than there is in one dollar in other denominations.
Thinking on this I seem to remember that at one time a bank would exchange a one dollar silver certificate for one silver dollar. Somewhere along the line I seem to remember that during the Nixon Administration the rule was changed to provide 4 silver quarters for each silver certificate.
I am showing my age remembering the days when people did in fact use silver dollars and silver coins as currency and beautiful coins they were. Mercury dimes, Liberty walkers, Morgan dollars and Peace dollars were the norm of the day. My how things have changed.
 

needler

Silver Member
Silver Miner
Joined
Apr 13, 2011
Messages
814
Likes
251
Location
FL
#11
Personally I only pay under spot for junk silver or I coin roll hunt for them. I don't buy 100 ounces at a time so I have no problem finding spot deals on generic from dealers or private sales.

I look at junk silver like broken jewelry with precious metals. The 2nd you don't have a date on junk silver it's like broken jewelry ready for refinement,. .999 is already ready for storage investment.
 

ZZZZZ

Gold Member
Gold Chaser
Site Supporter
Joined
Dec 23, 2017
Messages
3,447
Likes
7,334
Location
Northern Arizona
#12
In a SHTF scenario, being able to buy a loaf of bread or whatever with a recognizable dime or a gallon of gas for a quarter etc will be a huge advantage. Young whippersnappers and coin newbies may look at a Morgan and say WTF is this thing?:rotf:
.
.
 

TAEZZAR

LADY JUSTICE ISNT BLIND, SHES JUST AFRAID TO WATCH
Midas Member
Midas Supporter
Joined
Apr 2, 2010
Messages
15,548
Likes
27,723
Location
ORYGUN
#13
Kinda depends on what you already have socked away. @16.50 for Peace dollars, it doesnt seem like a very good deal. But if you dont have any??? Same with your stash of Junk Silver. If you dont already have a bunch why not dive in? Other than that just buy for weight of AU with the less premium...
Even at a reasonable premium, 90% junk coins are very desirable, because they are recognized by more people than are 1 oz. rounds of any type. You must only be aware of the numbers.
A 90% dime is .072 X spot
A 90% quarter is .1808 X spot
A 90% half is .36169 X spot.
 

needler

Silver Member
Silver Miner
Joined
Apr 13, 2011
Messages
814
Likes
251
Location
FL
#14
Recognized for their fiat currency at face value. Not the metal content.

If you knew what junk silver is then you'd know what a generic round would be and vica versa. Or you wouldn't know at all.
 

Mujahideen

Black Member
Midas Member
Site Supporter
Joined
Mar 31, 2010
Messages
11,009
Likes
19,982
Location
Wakanda
#15
In a SHTF scenario, being able to buy a loaf of bread or whatever with a recognizable dime or a gallon of gas for a quarter etc will be a huge advantage. Young whippersnappers and coin newbies may look at a Morgan and say WTF is this thing?:rotf:
.
.
Shtf silver/gold ain’t gonna have any demand.
 

ttazzman

Midas Member
Midas Member
Sr Site Supporter
Joined
Apr 2, 2010
Messages
5,452
Likes
5,580
Location
mid-usa
#16
std 90% is about as pure a market play as you can make..........silver dollars edge into a higher premium bracket and can sometimes be harder to recover the premium.....
 

savvydon

Gold Member
Gold Chaser
Joined
Dec 14, 2010
Messages
3,041
Likes
2,669
#17
Recognized for their fiat currency at face value. Not the metal content.

If you knew what junk silver is then you'd know what a generic round would be and vica versa. Or you wouldn't know at all.
I’d be more comfortable buying junk rather than rounds from someone I didn’t know. I would feel more assured that I was getting what I was paying for.
 

hoarder

Site Supporter
Site Supporter
Platinum Bling
Joined
Mar 30, 2010
Messages
11,873
Likes
12,694
Location
Montana
#18
The lower the cost per ounce of silver, the more ounces you can hoard.
 

Fatrat

Silver Member
Silver Miner
Site Supporter
Joined
Apr 15, 2018
Messages
2,880
Likes
2,342
#19
How would commemorative silver dollars be valued? Much rarer than most other silver dollars...
 

the_shootist

Midas Member
Midas Member
Midas Supporter
Joined
May 31, 2015
Messages
33,395
Likes
44,203
#20
90% 'junk' silver doesn't need a certificate of authenticity and there's not much counterfeiting of it going on either.
 

newmisty

Splodey-Headed
Midas Member
Site Supporter ++
Joined
Mar 31, 2010
Messages
25,265
Likes
35,746
Location
Qmerica
#21
How would commemorative silver dollars be valued? Much rarer than most other silver dollars...
They aren't all equal and some, being so ugly and pointless they are worth-less.
 

newmisty

Splodey-Headed
Midas Member
Site Supporter ++
Joined
Mar 31, 2010
Messages
25,265
Likes
35,746
Location
Qmerica
#22
How would commemorative silver dollars be valued? Much rarer than most other silver dollars...
They aren't all equal and some, being so ugly and pointless they are worth-less.
 

TAEZZAR

LADY JUSTICE ISNT BLIND, SHES JUST AFRAID TO WATCH
Midas Member
Midas Supporter
Joined
Apr 2, 2010
Messages
15,548
Likes
27,723
Location
ORYGUN
#23
Recognized for their fiat currency at face value. Not the metal content.
If you knew what junk silver is then you'd know what a generic round would be and vica versa. Or you wouldn't know at all.
Needle, read these for a good explanation.

I’d be more comfortable buying junk rather than rounds from someone I didn’t know. I would feel more assured that I was getting what I was paying for.
90% 'junk' silver doesn't need a certificate of authenticity and there's not much counterfeiting of it going on either.
Now do you understand ?
 

savvydon

Gold Member
Gold Chaser
Joined
Dec 14, 2010
Messages
3,041
Likes
2,669
#24
How would commemorative silver dollars be valued? Much rarer than most other silver dollars...
The common ones go for close to spot. A few of the rarer or more popular ones command a premium. An example is the 2001 Buffalo commem, which regularly commands about $100 on the market, although it is just one ounce of silver.
 

southfork

Mother Lode Found
Mother Lode
Site Supporter ++
Joined
Mar 31, 2010
Messages
16,153
Likes
15,276
#26
Shtf silver/gold ain’t gonna have any demand.
Shit has hit the fan in Venezuela and many countries, gold and silver cant be bought with their inflated money, when the dollar gets devalued metals will not be bought in devalued dollars.
 

Mujahideen

Black Member
Midas Member
Site Supporter
Joined
Mar 31, 2010
Messages
11,009
Likes
19,982
Location
Wakanda
#27
Shit has hit the fan in Venezuela and many countries, gold and silver cant be bought with their inflated money, when the dollar gets devalued metals will not be bought in devalued dollars.
Someone farted, it didn’t hit the fan.
 

davycoppitt

Silver Member
Silver Miner
Site Supporter ++
Joined
Apr 1, 2010
Messages
679
Likes
1,438
#28
I enjoy old morgans and peace, but am staying away from them from here on out. I had to return 2 lots this month on ebay for fakes. Some were real some were fake. Not a huge problem if you can spot them, but I just worry about resale eventually.
 

nickndfl

Midas Member
Midas Member
Midas Supporter
Joined
Jan 7, 2011
Messages
13,339
Likes
12,333
Location
Florida
#29
The best thing about junk is that it is not widely counterfeited, so you receive all the benefits of that fact on the buy and eventual sale if applicable.
 

stAGgering

Site Supporter
Site Supporter
Seeker
Joined
Apr 11, 2010
Messages
958
Likes
720
#30
RIght now there is a perfect storm of lower spot and lower premiums on 90%. Just for example I can go to the local shop and get a quarter spotted at $2.90 for $3.00. Or I can get Peace dollar for $16.50.

Would it be better to get some junk at nearly spot or pay a premium and get silver dollars?

Consider during the if and when scenario, when currency is challenged, what do you wish to carry.
90%ers are like USD bills,
.10c = $1.00,
.25c = $3.00,
.50c = $6.00,
$1.00 = $12.00,
rounded out at todays spot.
The 90%ers value may increase in dollars nominally, 5 - 10 times posted amount.
Who walks around shopping now, or used to 40 years ago with a pocket full of Hundies, Ben's, of Double O's ?
Who does that in 2nd & 3rd world countries, or in US equivalent counties ?
I do not, as a cash payer, and traveler.
Not intersted in the risk or knowledge delivered to interested parties, legal or with lack thereof.

Unless @ 1:05
 

Joe King

Gold Member
Gold Chaser
Site Supporter
Joined
Mar 31, 2010
Messages
9,034
Likes
9,966
Location
Instant Gratification Land
#31
I enjoy old morgans and peace, but am staying away from them from here on out. I had to return 2 lots this month on ebay for fakes. Some were real some were fake. Not a huge problem if you can spot them, but I just worry about resale eventually.
Counterfeit Coin Detection: A Morgan Dollar “Super-Fake” Revealed
By Numismatic Guaranty Corporation (NGC) ……

Lest you think spotting fakes is easy, take a look at this 1884-S Morgan Dollar.

Each month in this column, we discuss some of the fundamentals of counterfeit detection, using counterfeit coins as illustrations. To date, the examples shown have not been deceptive. By that, we mean that they would never fool a professional coin dealer or a specialist collector. Before we give the impression that counterfeit detection is a simple matter, we need to introduce the super-fake.

Shown here is a deceptive counterfeit 1884-S dollar. Other than the obvious fact that it is a gem uncirculated example of an impossible key issue in higher grades, there may not be much to suggest that this coin is fake. To many, the overall look of the coin will be good. Weighing the coin also tells us that its weight is within standard tolerance for the issue (~26.7g). Few professional numismatists and even fewer collectors have seen such a high-grade 1884-S Morgan Dollar to compare it to, and most will not know how to conclusively authenticate a coin that passes the basic tests.

1884-S_morgan_obv.jpg


Fortunately, in this instance, the cheek of Liberty displays a tooling mark that identifies this coin as a fake. The long slender line on Liberty’s cheek is not present on genuine examples of this issue. In fact, some specialists will recognized that this exact die gouge appears on genuine 1884-CC Morgan Dollars, obviously the coin that served as the model for this counterfeit’s obverse.

https://coinweek.com/counterfeits/counterfeit-coin-detection-a-morgan-dollar-super-fake-revealed/


Not just Morgans and Peace Dollars either. Get your 2014 SAE's right here. $2.04 apiece. Cheap!
https://www.aliexpress.com/item/201...5f90-4b37-8f25-21b99be6ef2e&priceBeautifyAB=0


I'm kinda thinkin' that if there ever is a true "Moon shot", the proliferation of fakes will create a situation that EVERYTHING has to be assayed.
 

Mujahideen

Black Member
Midas Member
Site Supporter
Joined
Mar 31, 2010
Messages
11,009
Likes
19,982
Location
Wakanda
#32
Counterfeit Coin Detection: A Morgan Dollar “Super-Fake” Revealed
By Numismatic Guaranty Corporation (NGC) ……

Lest you think spotting fakes is easy, take a look at this 1884-S Morgan Dollar.

Each month in this column, we discuss some of the fundamentals of counterfeit detection, using counterfeit coins as illustrations. To date, the examples shown have not been deceptive. By that, we mean that they would never fool a professional coin dealer or a specialist collector. Before we give the impression that counterfeit detection is a simple matter, we need to introduce the super-fake.

Shown here is a deceptive counterfeit 1884-S dollar. Other than the obvious fact that it is a gem uncirculated example of an impossible key issue in higher grades, there may not be much to suggest that this coin is fake. To many, the overall look of the coin will be good. Weighing the coin also tells us that its weight is within standard tolerance for the issue (~26.7g). Few professional numismatists and even fewer collectors have seen such a high-grade 1884-S Morgan Dollar to compare it to, and most will not know how to conclusively authenticate a coin that passes the basic tests.

View attachment 106383

Fortunately, in this instance, the cheek of Liberty displays a tooling mark that identifies this coin as a fake. The long slender line on Liberty’s cheek is not present on genuine examples of this issue. In fact, some specialists will recognized that this exact die gouge appears on genuine 1884-CC Morgan Dollars, obviously the coin that served as the model for this counterfeit’s obverse.

https://coinweek.com/counterfeits/counterfeit-coin-detection-a-morgan-dollar-super-fake-revealed/


Not just Morgans and Peace Dollars either. Get your 2014 SAE's right here. $2.04 apiece. Cheap!
https://www.aliexpress.com/item/201...5f90-4b37-8f25-21b99be6ef2e&priceBeautifyAB=0



I'm kinda thinkin' that if there ever is a true "Moon shot", the proliferation of fakes will create a situation that EVERYTHING has to be assayed.
This is why I switched to the bulk of my bullion to maple leafs.

Real
ADB1DA7D-1AC9-48F8-9392-36CD73E71E70.jpeg


And the fake
 

Mr Paradise

Midas Member
Midas Member
Joined
Dec 3, 2011
Messages
8,523
Likes
9,382
Location
Lake Superior
#33
Grocery stores shelves are empty, fuel stations closed, emergency services non existent, violent gangs and DHS troops battle for control of the inner cities .....but my family and I are prepared cause I bought a bag of mercury dimes from Apmex for spot.

“Honey, that survivalist weirdo down the street might have some MRE’s, I’m gonna go down and see if he’ll trade me a case for this 1963 quarter.”

Wake up gentleman.
 

Joe King

Gold Member
Gold Chaser
Site Supporter
Joined
Mar 31, 2010
Messages
9,034
Likes
9,966
Location
Instant Gratification Land
#34
This is why I switched to the bulk of my bullion to maple leafs.

Real
View attachment 106386

And the fake
Yea, those fine lines seem to mess the counterfeiters up.
Added bonus on Maples is the spotting they tend to develop. Can the counterfeiters duplicate that? lol
 

Buck

Gold Member
Gold Chaser
Site Supporter
Joined
Apr 13, 2011
Messages
6,538
Likes
6,147
#35
IDK about what you may have locally, but, 90% silver coins obtain wear, some much heavier than others

When procuring 90%, think 'weight'
They've become a bit boring, but, it's tough to beat the weight of a 1964D Kennedy Half Dollar, fresh from a bank roll, especially when compared to a 1955 Franklin Half Dollar that's been through hundreds of merchants hands, countless banks and counting machines, kids dirty pants pockets, that all takes a toll and
I've watched my LCS both weigh and then toss all 90% into a counting machine and he takes his buy price from that, oh yeah, and his calculator that he always has nearby

There's nothing wrong with thinking Roosevelts and Kennedys, and anything else that shows minimal sign of wear, hits, cleaned, etc as they are heavier than, no date dimes or worn Franklin halfs
 

needler

Silver Member
Silver Miner
Joined
Apr 13, 2011
Messages
814
Likes
251
Location
FL
#36
I have some coins that have heavy wear and don't weigh what they were originally. I have a mercury dime almost two decimals off it's original weight.

Wear and tear can depreciate the metal content.

Depends how you buy junk silver. Not every seller is weighing them. Just selling as rolls or face value.

With generic or government bullion you won't have weight problems just higher chance of counterfeits. Buy from reputable companies and dealers though.
 

Mujahideen

Black Member
Midas Member
Site Supporter
Joined
Mar 31, 2010
Messages
11,009
Likes
19,982
Location
Wakanda
#38
Educate yourself about your 90% as the fakes continue to pour into the market.

People say only buy from reputable dealers... I doubt apmex or other dealers are checking every single junk coin.
 

Buck

Gold Member
Gold Chaser
Site Supporter
Joined
Apr 13, 2011
Messages
6,538
Likes
6,147
#40
I have some coins that have heavy wear and don't weigh what they were originally. I have a mercury dime almost two decimals off it's original weight.

Wear and tear can depreciate the metal content.

...Just selling as rolls or face value.
Next time you're rolling up some dimes, put 50 worn into a roll and then put 50 near unc's into another roll, then compare the length of the roll

There's quite a difference
It matters also with plastic tubes
If you use plastic tubes, you'll get more worn dimes into the roll