Thoughts on stacking foriegn junk silver

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Thoughts on stacking foriegn junk silver

Postby Rastatodd » Sun Mar 10, 2013 11:08 am

Was wondering about the logic of collecting/stacking foreign silver, not the traditional .90 US junk but say coins from Mexico-.720, Venezuela-.835, Australia-.925, Canada-.800. I'm finding the premiums for US junk to really be getting out of hand. When it comes time to sell would it be hard to sell foreign junk. I feel if I can get these coins say for less than melt by at least 20% it would be worth stacking. Your thoughts would be appreciated in guiding this lost soul. Thanks. :thumbup:
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Re: Thoughts on stacking foriegn junk silver

Postby AGgressive Metal » Sun Mar 10, 2013 11:20 am

If you are getting them at 80% of melt then by all means, provided they are 50% or higher purity. Even if you ended up just sending them to the refinery you aren't going to be charged 20% so far as I know. Silver is silver, especially if it spikes really high. As for SHTF barter, they aren't going to be as liquid due to widespread ignorance, but neither are numismatics or exotic metals but I think most people aren't only stacking for doomsday, they are trying to just preserve/increase wealth over the long term.
And he that hath lyberte ought to kepe hit wel
For nothyng is better than lyberte
For lyberte shold not be wel sold for alle the gold and syluer of all the world
-Aesop's Fables, Caxton edition 1484

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Re: Thoughts on stacking foriegn junk silver

Postby blackrabbit » Sun Mar 10, 2013 11:22 am

I'd buy them for 80% melt.
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered....The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
-Thomas Jefferson
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Re: Thoughts on stacking foriegn junk silver

Postby Rastatodd » Sun Mar 10, 2013 11:29 am

Thanks AGgressive. I am looking long term nest egg. With being three months into 2013 and silver hung up in the mid to upper twenties I need to stack as much as possible with the funds available. I'm not the type of stacker that can plunk down cash for a roll of US junk at a time. I need to find as much as possible with little or no premuim. Now with eBay US junk is commanding crazy premiums and is not a source for that type of silver for me. Just looking for options.
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Re: Thoughts on stacking foriegn junk silver

Postby Thogey » Sun Mar 10, 2013 11:54 am

I thought there was some decent relpies on this subject here
viewtopic.php?f=9&t=21090&p=197877#p197877
If I have the gift of prophesy, and know all mysteries and all knowledge, and if I have all faith, so as to move mountains but do not have love I am nothing. And if I give all my possessions to feed the poor, and if I surrender my body to be burned but do not have love it profits me nothing.
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Re: Thoughts on stacking foriegn junk silver

Postby Nickelmeister » Sun Mar 10, 2013 12:16 pm

Check my tagline. I'll buy all of your Canadian junk silver for 90% or spot all day long.
Standing offer: BUYING Canadian junk silver at 90% melt. PM me to lock in price and quantity.
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