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Old 02-05-2014, 04:01 PM   #1
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Junk Silver and a Junk Silver Question

...

Engaging again in my new cheap hobby, I bought $10 (face value) of "junk silver" today while near my LCS.

They let me pick through their pails of quarters and dimes, I took three Barber dimes, two Barber quarters and six Standing Liberty quarters.

The rest of the pieces were shiny 1960s silver coins, with essentially all of their silver.

***

I wonder if any of you guys think it is "worth it" to pick through the pails for interesting pieces, or ANYTHING still left in them would be worth just "junk silver" value?

Thanks!
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Old 02-05-2014, 04:43 PM   #2
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I still find stuff in bank rolls, so I know its out there. But I would think the stuff in "junk silver" pails is pretty well picked through; likewise the 'unsearched (by me) " rolls of wheat pennies that coin dealers are always selling or the "government sealed" CC silver dollars that "may win you a fortune". I'm a dork but I know how to steam open an envelope....
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Old 02-05-2014, 06:59 PM   #3
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I doubt that it is worth picking through junk silver, especially at a dealer. Any dealer that has not already picked through it before putting it up for sale is not much of a dealer in my opinion.
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Old 02-05-2014, 08:55 PM   #4
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I liked to pick through them for 2 reasons, to get the older coins that in a SHTF scenario, some people might initially at least not believe that an FDR dime that looks just like non silver FDR dimes actually have silver. Thanks to commercials if no other reason people have heard about mercury dimes, and morgan silver dollars and walking liberty coins etc. So I think those will have a more immediate recognition of their worth, IMO at least. Then if there are none of the older style coins left, I go for the best looking most whole coins, kind of like the OP stated, they will have the least amount of silver worn away from them. I pretty much gave up on my LCS for now at least. His premium on junk silver is as high or higher than his already over priced premium on bullion.
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Old 02-06-2014, 06:49 AM   #5
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I doubt you are going to find anything of numismatic interest. I would pick the coins in the best condition (and therefore most likely to have the full original silver content).

Originally Posted by 11C1P View Post:
... in a SHTF scenario, some people might initially at least not believe that an FDR dime that looks just like non silver FDR dimes actually have silver. ...
It's actually very easy to demonstrate. Just look at the edge of the coin. 90% silver coins will be solid silver colored. Later coins have a two-tone edge with a copper color.
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Old 02-06-2014, 08:36 AM   #6
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I have been there and done that as well. I do it mostly for the fun of it, but very, very occasionally I do find something nice.
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Old 02-06-2014, 10:11 AM   #7
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Originally Posted by PMBug View Post:
I doubt you are going to find anything of numismatic interest. I would pick the coins in the best condition (and therefore most likely to have the full original silver content).



It's actually very easy to demonstrate. Just look at the edge of the coin. 90% silver coins will be solid silver colored. Later coins have a two-tone edge with a copper color.
People that are aware know that, a lot of the clueless people who do nothing to learn about PM's or their monetary system aren't going to be convinced when you show them the sandwich coin vs a silver coin. Even now when you try to explain it to people they don't believe you. My son is always telling me how kids in his school think he's full of crap when he talks about the older silver coins, I have in the past had friends/co-workers (usually younger) that either say you,re full of crap or just nod politely and you can tell they think you are just crazy.
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Old 02-06-2014, 11:23 AM   #8
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Originally Posted by 11C1P View Post:
People that are aware know that, a lot of the clueless people who do nothing to learn about PM's or their monetary system aren't going to be convinced when you show them the sandwich coin vs a silver coin. Even now when you try to explain it to people they don't believe you. My son is always telling me how kids in his school think he's full of crap when he talks about the older silver coins, I have in the past had friends/co-workers (usually younger) that either say you,re full of crap or just nod politely and you can tell they think you are just crazy.
unfortunately, that is an excellent summation of the reaction I get to ANYTHING regarding current events I try to talk to people about. If it isn't about American Idol, their smart phone or their fork they just don't care.
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Old 02-06-2014, 02:14 PM   #9
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Originally Posted by 11C1P View Post:
People that are aware know that, a lot of the clueless people who do nothing to learn about PM's or their monetary system aren't going to be convinced when you show them the sandwich coin vs a silver coin. Even now when you try to explain it to people they don't believe you. My son is always telling me how kids in his school think he's full of crap when he talks about the older silver coins, I have in the past had friends/co-workers (usually younger) that either say you,re full of crap or just nod politely and you can tell they think you are just crazy.
Easy way to shut them up is tell them that you will PAY THEM ONE DOLLAR for EVERY silver dime they can find. Usually when they see you put your money where your mouth is, they will shut up.
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Old 02-07-2014, 05:18 PM   #10
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Originally Posted by mmerlinn View Post:
Easy way to shut them up is tell them that you will PAY THEM ONE DOLLAR for EVERY silver dime they can find. Usually when they see you put your money where your mouth is, they will shut up.
That really won't accomplish anything. They could just come back with, and I'll pay you $100 for every unicorn you catch. Besides most of these people I I never see since I no longer have to work outside the house.
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Old 02-07-2014, 06:00 PM   #11
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Originally Posted by 11C1P View Post:
That really won't accomplish anything. They could just come back with, and I'll pay you $100 for every unicorn you catch. Besides most of these people I I never see since I no longer have to work outside the house.
From time to time the people in the grocery store I work for approach me and ask me if I'll pay twice face value for whatever they have found in their till. They think they have gotten a steal. We had an old lady come in one day with two rolls of mercury dimes and want to know if we still took them. I got two sacks of silver Washington quarters from bookkeeping at face because they "sounded" different. But yeah, the general public I see doesn't care anything about pre-65 silver and most folks don't even know what a silver American eagle is.
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Old 02-08-2014, 12:16 AM   #12
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...

Thanks, guys! Yes, it's crazy, but maybe we are the weirdos....?

Naah!
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Old 02-08-2014, 12:25 AM   #13
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Originally Posted by DoChenRollingBearing View Post:
...

Thanks, guys! Yes, it's crazy, but maybe we are the weirdos....?

Naah!
We ARE abnormal. Normal is defined as whatever is in the majority, regardless whether it is right or wrong. That makes O normal, even though he is way off his rocker, and this is the new normal for the USA until everything collapses and people wake up.
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Old 02-08-2014, 03:54 AM   #14
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If there was ever any question as to my "mental stability" it's been settled two or three years ago when they tried to get me to sign the paper-work for my kid to get the bird flu shot.
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Old 02-08-2014, 06:43 AM   #15
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There is a reason that people have given life to such thoughts as:

""People will not look forward to prosperity who never look backward to their ancestors." - Edmund Burke, Reflections on the Revolution in France

"Those who cannot remember the past, are condemned to repeat it." - George Santayana, Reason in Common Sense

There is, I think, a level of hubris inherent in the human condition that supports an arrogant world view - that we are always smarter and better than those who came before us. That we can manage where our ancestors failed (even if we don't understand any of that history). Maybe it's a misplaced trust in our dear leaders. In any event, it seems that a recognition of the problems inherent in the current world order and monetary system is left to the vangard thinkers and those who see beyond the box.
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Old 02-08-2014, 11:01 AM   #16
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Originally Posted by PMBug View Post:
There is a reason that people have given life to such thoughts as:

""People will not look forward to prosperity who never look backward to their ancestors." - Edmund Burke, Reflections on the Revolution in France

"Those who cannot remember the past, are condemned to repeat it." - George Santayana, Reason in Common Sense

There is, I think, a level of hubris inherent in the human condition that supports an arrogant world view - that we are always smarter and better than those who came before us. That we can manage where our ancestors failed (even if we don't understand any of that history). Maybe it's a misplaced trust in our dear leaders. In any event, it seems that a recognition of the problems inherent in the current world order and monetary system is left to the vangard thinkers and those who see beyond the box.
It's weird cause to me society as a whole now is much less knowledgeable than they were even just a couple generations ago. The knowledge that makes our great technology to run is so compartmentalized that few people if any really know how to keep things running. One person understands programming a computer, another how wiring works, etc. Then another person understands his little piece of the puzzle, and maybe has a general knowledge of some of the others but if there was something like another flu pandemic lets say, it could be quite easy for their not be enough speciailists in a given field for certain technologies to keep running. Years ago most people were fairly self sufficient, today that number is very few. This might be one of the reasons why most of the stuff I watch on TV is history, science and shows about people doing the most with the least. I always have the utmost respect for people that can get by with seemingly nothing, while those in the media and many in the big metropolitan areas laugh at these people and mock their lifestyle. I think I better go put on "a country boy can survive" or "copperhead road" now.
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Old 02-08-2014, 11:29 AM   #17
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yeah we discussed specialists vs generalists here a while back.

Its part of what Chris Martenson identifies as brittleness.
Others have referred to it as the fingers of instability as it all works brilliantly until it doesnt, then theres no one can get to grips with a failed system cos it involves too many specialists able to agree with what went wrong and how to get the system back up.
Its one of the reasons we hang out here (-:
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Old 02-08-2014, 11:39 AM   #18
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Originally Posted by rblong2us View Post:
yeah we discussed specialists vs generalists here a while back.

Its part of what Chris Martenson identifies as brittleness.
Others have referred to it as the fingers of instability as it all works brilliantly until it doesnt, then theres no one can get to grips with a failed system cos it involves too many specialists able to agree with what went wrong and how to get the system back up.
Its one of the reasons we hang out here (-:
It's kind of like a having an $80k Mercedes. Beautiful, runs great, relaible, then a $2 part that had a slight flaw goes kaput early and it's useless. Right now there are usually enough spare parts and people that can fix it, probably even under warranty. I kind of see our whole infrastructure and society in general as an engine like that. They were showing the attacks on those power grid in CA on the news, and that's like an attack on the spark plug wires of our engine. What happens when these attacks become more frequent and effective, pretty soon we might not have enough of the spare parts and people to fix them in place and we are broke down, and the longer we are broke down, the more things start to rot, then people start stripping us for parts. Next thing you know the us is sitting on blocks on the side of the road. Then the question is are we a classic car worth rescuing and re-building or are we just some random automobile not worth putting the time and effort into?
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Old 02-08-2014, 12:26 PM   #19
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none of the options work if the fuel lorries stop

What kind of power grid attacks occurred and who was behind them ?
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Old 02-08-2014, 03:21 PM   #20
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Originally Posted by rblong2us View Post:
none of the options work if the fuel lorries stop
Shutting down the power grid is even more effective. If the pumps for the pipelines quit working, there is no fuel no matter how many delivery vehicles that you have available.
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