Fractional silver

they are only considered fractional because they contain so little silver.

The main thing bout so called stackers buying the junk coins is they have no impact on the silver market whatsoever.

many threads are focused on how much silver is being bought, like how many ase's of kook's are printed up this year.

these junk stackers are simply recirculating junk around over & over, it's not helping your stack, the same 50c coins keep going round and round therefore no impact,
these people are killing it, buy new silver, silver that comes up in facts & figures, that's how silver will rise,
don't buy someone elses silver either, let them sit on it, that silver is done for, leave it and buy fresh.

the more people do that, then the bigger the bullion market will seem, you should consider someone elses silver expired, like a consumable.
 
I posted something like that idea last year in an attempt to corner the world silver market, we need to buy new silver, not the same old silver over and over again. It didn't get much traction then either! Why? Because there is an active market for cheap, low premium silver in small amounts, something that can't be done by manufacturers of new silver because it would be too expensive.

Junk silver fills this niche at a price that nothing else can.

Peoples' stacking habits change, I started off with all junk silver and now I am into Dragons and when they are done I will be getting bars. Other people think that fiat money is going to collapse and leave a void which will be filled by junk silver.

I would not be so quick to dismiss junk silver, there are people willing to buy it and while there is a market for them there is money to be made.

Silver will not go up in value just because we are buying new silver, and if it does then the price we pay for it will go up and it will cost us more, by this theory we need to buy second hand silver so we can keep the prices down.
 
miniroo said:
they are only considered fractional because they contain so little silver.

The main thing bout so called stackers buying the junk coins is they have no impact on the silver market whatsoever.

many threads are focused on how much silver is being bought, like how many ase's of kook's are printed up this year.

these junk stackers are simply recirculating junk around over & over, it's not helping your stack, the same 50c coins keep going round and round therefore no impact,
these people are killing it, buy new silver, silver that comes up in facts & figures, that's how silver will rise,
don't buy someone elses silver either, let them sit on it, that silver is done for, leave it and buy fresh.

the more people do that, then the bigger the bullion market will seem, you should consider someone elses silver expired, like a consumable.
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How many stackers started with brand new bullion? I think there's a hell of a lot who saw the intrinsic value in junk coins. The reality is that the more silver circulating the better. What's your opinion on the trade threads here?
 
why not start with brand new bullion?
you can buy 5g scottsdales for less then a 50c coin,
so I don't understand that point
 
I dont mean to be rude and pick on the new bloke but. My point is that if people get into stacking PM's by junk coins, shiny new coins it doesn't matter. Imagine if everyone decided they would not buy 2nd hand silver, does the silver still have value if no one wants to buy it?

recirculating silver as much as possible will have more effect on your take over the world with silver approach. But is there more traction to be gained through record mint sales? or through the people waking up and seeing the value in a 50c coin that worth 20x face value? Buying an Ifone or a side of beef from the forum here in silver ?
 
miniroo said:
...you can buy 5g scottsdales for less then a 50c coin,
so I don't understand that point
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I should hope so! 50 cent coins have twice as much silver in them.

How much is a 5g Scottsdale selling for? Is it better value than $1 per gram?
 
yes it is J. your name implies oddball things in my head,
does your name have a meaning appart from what it says?

but heaps better value infact.
junk silver would need to be melted down
to get the silver, it's like watered down milk in a way.

the 5g scottsdales are new silver, it doesn't need to go to trhe scrap heap, a dealer would melt the 50's to make bars before he melted 5g scottsdales wouldn't he?

well, maybe i'll just have to keep this one under my hat as 50c coins seem to be a very sensitive form of stacking, I guess it's because many started that way they kinda got all sooky lala about their 50's.
 
miniroo said:
yes it is J. your name implies oddball things in my head,
does your name have a meaning appart from what it says?

but heaps better value infact.
junk silver would need to be melted down
to get the silver, it's like watered down milk in a way.

the 5g scottsdales are new silver, it doesn't need to go to trhe scrap heap, a dealer would melt the 50's to make bars before he melted 5g scottsdales wouldn't he?

well, maybe i'll just have to keep this one under my hat as 50c coins seem to be a very sensitive form of stacking, I guess it's because many started that way they kinda got all sooky lala about their 50's.
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I understand what you are saying, but can you tell me your thoughts on fractional silver if silver was to become circulating currency again?

Or do you think this is impossible to happen again.

SS77
 
Im with miniroo here i wouldnt touch anything thats not st least 99.5% its junk . Maybe thats why they call it junk silver :p:
 
I've only been stacking for a couple months, so I'm still a novice and can't give really great advice.

But I've read posts here and on other forums that suggest buying in 1-10 oz for easily liquid sizes when silver prices take off.

Some think it will be difficult to offload a kilo bar if silver hits $100/oz, or $3200 for the bar.

But gold is selling for $1650/oz right now with no problem, so I don't see an issue. At $100/oz the kilo bar will cost the price of 2 oz of gold today.

But, if the reason you are stacking is for the Zombie Apocalypse, maybe smaller sizes would be much more appropriate.

As with any investment, diversification is the key. Think abut the percentage of fractionals to large pieces in your stack that fits the reason you are stacking. Always good to have some of everything "just in case."

And best of all, have fun in The Great Silver Adventure! I know I am.

Bill
 
miniroo said:
junk silver would need to be melted down
to get the silver, it's like watered down milk in a way.

the 5g scottsdales are new silver, it doesn't need to go to trhe scrap heap, a dealer would melt the 50's to make bars before he melted 5g scottsdales wouldn't he?
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Plenty of scrap metal dealers would melt the Scottsdale products before they melt the round 50c coins - there is a healthy market for round 50c coins because they're well known and the Commonwealth government guarantees how much silver is in them.

You don't need to melt a round 50c to get the silver. The silver is in the coin. If you have the coin, you have the silver.
 
renovator said:
Im with miniroo here i wouldnt touch anything thats not st least 99.5% its junk . Maybe thats why they call it junk silver :p:
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More for the rest of us!

Actually I think I have enough of the stuff!

So Renovator, can you see no use for old coins, you do not believe in a global financial breakdown, massive hyperinflation and the death of fiat? Not everyone does and I think it is people hedging against the possibility of that who are buying the junk silver in case they need it to buy bread after the fall!

The main argument against pre dec is moot, sure it costs money to refine it, but no one does refine it, it is always sold in the same form so there is no need to pay to have it converted to 999. Sure there is a hypothetical person at the end of the line who may need to convert it but that may never happen.

I was lucky to pick up 20+ kilos of junk at $19, some I have done a Gold to Silver swap and the rest is now priced at $26. It is still a decent entry level product.

I could see the point of only stacking 999 if you are going to use it to make pure silver electrodes or for some other industrial application, I can even see the point if your main buyer is going to be in an industry who needs pure silver but let's be honest, most people here are not going to do any of that, most people are going to sell it to other individuals. The price will be based on the silver content plus any applicable premium. If only half the coin is silver, then you only pay half the weight. You don't lose any of the value and you get some copper for nothing. Plus with zero premiums and often available for less than spot you get really cheap silver, cheaper than paper silver.

Does anyone know if the Perth Mint buys pre dec? I know they refine gold but I couldn't find anything about silver.
 
Big A.D. said:
miniroo said:
junk silver would need to be melted down
to get the silver, it's like watered down milk in a way.

the 5g scottsdales are new silver, it doesn't need to go to trhe scrap heap, a dealer would melt the 50's to make bars before he melted 5g scottsdales wouldn't he?
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Plenty of scrap metal dealers would melt the Scottsdale products before they melt the round 50c coins - there is a healthy market for round 50c coins because they're well known and the Commonwealth government guarantees how much silver is in them.

You don't need to melt a round 50c to get the silver. The silver is in the coin. If you have the coin, you have the silver.
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I contacted a refiner on the Gold Coast, they didn't want my 50% junk (unless I had 100 tons of it) but they would accept really small amounts of gold and as many 50 cents as I could get them. They didn't even want the 925 pre dec despite it being purer silver than the 800 50 cents so I am guessing they had no intention of refining the 50 cents.
 
Lots of predecimal does get refined. Spoke to someone in that side of the industry today that melts the stuff buckets at a time.
 
goldpelican said:
Lots of predecimal does get refined. Spoke to someone in that side of the industry today that melts the stuff buckets at a time.
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Any idea of what % of spot they pay for 500? Minimum volumes etc?
 
is it 80% silver? to ship a tonne of 50c coins in by truck costs the same as a tonne of .999, but they are only getting 800kg silver out of 50's to melt, they pay for a tonne of scrap .999 silver and get a tonne of silver, so if you were a manufacturer ect, you would have to cost that in thus reducing the value of a 50c coin i'm sure.

how do they seperate the copper from the silver?
does the copper burn away or do they actually have to do something special to seperate the metals?

and if they do, would that also be an extra cost?
or at least an inconvenience? surely they would just prefer .999 if that's the case.
 
If I had the choice to choose a tonne of .999 (generic bars) silver or a tonne of round 50c I would choose the 50c any day of the week, and I think I can speak for any seasoned stacker on this site.
Correct me if im wrong.

SS77
 
miniroo said:
is it 80% silver? to ship a tonne of 50c coins in by truck costs the same as a tonne of .999, but they are only getting 800kg silver out of 50's to melt, they pay for a tonne of scrap .999 silver and get a tonne of silver, so if you were a manufacturer ect, you would have to cost that in thus reducing the value of a 50c coin i'm sure.

how do they seperate the copper from the silver?
does the copper burn away or do they actually have to do something special to seperate the metals?

and if they do, would that also be an extra cost?
or at least an inconvenience? surely they would just prefer .999 if that's the case.
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50 cents are 80% silver.

They don't melt it, it is already in its final manufactured form. They just buy them cheap and sell them at a higher price, plenty of buyers! If they can sell it for its silver price anyway, why would they go to the expense of refining it?

Silver coins dissolve in nitric acid, you then get the silver out by adding copper metal. You can then get the copper back by adding aluminium. You are right, it is expensive and you need dangerous chemicals, which is why not many people bother.

A refiner doesn't need 999, there is nothing to refine. Dealers won't melt 999 down they just sell it, individuals just sell it on but mints will melt down other company's silver but they just resell their own products.

You don't buy junk silver with a view to refining it, if you want pure silver you just buy pure silver an pay the extra 30% or whatever the mark up on Perth Mint coins are. If you want cheap silver at up to -10% you buy junk.
 
Last time silver hit such highs there was some concern about it becoming unaffordable.

Who is going to buy your 10oz bar at that price, are you going to have to saw it in half and sell it that way?

Back in 2011 we started seeing small bars of silver, Valcambi were selling slabs of 1g bars and you could just break off a bar when you wanted to sell it. Other companies were selling ounce rounds that had a deep groove and with a bit of a wiggle you could split it into four quarter ounce wedges https://i.ebayimg.com/images/g/7lIAAeSwYXpoVs95/s-l1600.webp.

These were all gimmicks of course and the premiums were very high.

But nothing this time around, no one seems to be concerned that the large silver items will be out of the price range of most stackers. The only thing I have heard is that we might get silverbacks, similar to the goldbacks, so that we can get even more fractional silver.

Is everyone less excited this time around?
 
ozcopper said:
All the dealers I listen too on podcasts say the general public is not involved in this bull market yet!
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All the YouTubers are saying the same thing. But they are also trying to sell silver to me on the grounds that even though it is very expensive, I should buy it anyway because as soon as the general public wakes up it will go up dramatically. Something about momentum traders keeps coming up as well.

I am just happy that it hit $66!
 
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