Thoughts 90% junk silver

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#1 Mon, Aug 22, 2011 - 12:50am
rckymtn
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Thoughts 90% junk silver

I've always stuck to 1 oz coins, 5/10 oz bars but wondering if it makes sense to get some smaller denominations just in case. If silver goes crazy higher and I'm spending this money, I'll need smaller amounts of coins. I noticed APMEX has bags of junk silver and I was thinking of getting one...nothing big like $3-5,000 but I wanted to hear some opinions from people who have bought it or are against owning it.

Thanks in advance.

Edited by: rckymtn on Nov 8, 2014 - 5:08am
Mon, Aug 22, 2011 - 1:04am
jrobb316
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There have been several

There have been several discussions on this before, my personal thoughts are:

I buy .999 for "investment" purposes.

I have $100-$200 face value 90% on hand in case the SHTF, possible barter, etc. Most of my 90% is in dimes, but I have quarter and halves too. I have a bunch of dollars, but due to the fakes that have been surfacing recently, I no longer buy them unless they are from a completely reputable source. Plus the premiums for dollars is usually too high, and the resale very low on all 90%. I also stay away from the excessively worn coins, which is what you may receive in a mixed bag from APMEX, etc. I bought all my 90% off the local craigslist, that way you can sort through what you really want.

check out this previous thread

https://www.tfmetalsreport.com/forum/1540/90-silver-coins

IMO, you can't go wrong either way, Good Luck!

Mon, Aug 22, 2011 - 8:47am
Tecumseh
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Junk Silver and Jacketed Lead

For SHTF/TEOTWAWKI, a $1000 face value bag will be useful. Lots of coins of all sorts of denominations, but also, critically, manageable/moveable. 

It goes well with a few thousand rounds of .223, 9MM, .45ACP, .22LR, and a variety of shotgun ammo. There will be people in a genuine collapse SHTF scenario who will prefer 20 rounds of .223 ammo in exchange for the food that they have and that you need. Cannot have too much ammo.

Mon, Aug 22, 2011 - 9:01am (Reply to #3)
Mikey
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90% coins are the most

90% coins are the most recognizable by people and the smaller denominations will help to make sure you don't have to overpay for something you want or need. Having lived for years in S. Fl it was not uncommon to hear of people buying a gallon of milk for $50 cuz that was the only bill they had and the store couldn't make change.

Mon, Aug 22, 2011 - 9:13am
Vypuero
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what do you guys think of these .999 gaming tokens?

Mon, Aug 22, 2011 - 4:34pm (Reply to #5)
Sterling
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I think your link is wrong. 

I think your link is wrong. Otherwise, that is .925 Sterling and not .999

Can I offer you a drink? How about this expensive prostitute?
Mon, Aug 22, 2011 - 6:26pm
No1Hunter
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90%

I usually have about a 50/50 ratio, which is where I am at right now. Now, I am talking about troy oz's, with a total being a little 1,000 oz. As for lead, I have lots, .22, .223/5.56x45mm, .30-06, .308, .357 mag, .45 as well as cases of 12 & 20 gauge shotgun shells and the means to reload. I do rotate my stock replacing what I use at the range each week.

Mon, Aug 22, 2011 - 6:37pm
Vypuero
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used the wrong link

I meant to link the gaming tokens

Tue, Aug 23, 2011 - 1:03pm
Eman Laer
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I like 90%

Low premiums - I've been able to buy, mostly from Apmex, close to or even under spot. On some level and under some circumstances at least, silver is silver. 

Taxes - I'm not sure about this one. Is there a difference in the tax rate for 90% compared to bars and SAE's?

SHTF - As said, known quantity and purity in small denominations. If/when we experience rapid social breakdown I think maybe 90% will sell at a premium.

Confiscation - It doesn't seem likely that the gov. would ever try to confiscate silver, but if you worry about that then it seems less likely that they would try to confiscate US currency. 

Please comment or correct me on any of this.

I swing trade by the seat of my pants, but I do make a little profit somehow. Any comments I make about my trades should be taken with a grain of salt, and maybe as a contrarian indicator.
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