PDA

View Full Version : Anyone buying 40% junk? If so, what is the constant to use?



Silver Tiger
1st June 2008, 08:38
.715 is the constant for 90% junk.

Just doing some simple cross multiplication, I come up with .317 for 40%. Is this correct?

The reason I ask about 40% is because I just bought more 90% halves from my dealer and when I got home I noticed one was a 40% halve (my fault). At first I was upset, but then I started pondering actually buying up 40% silver to compliment my 90% and pure stashes.

:rolleyes:

Renegade
1st June 2008, 10:55
Pretty much the going rate for 40% is .1479 per 1965-1970 Kennedy half. For $10 face bags it is 2.958. I have something like $120 face of these. They are pretty easy to find below spot also, so an easy way to accumulate in small quantities.

Renegade

Silver Tiger
1st June 2008, 13:04
Pretty much the going rate for 40% is .1479 per 1965-1970 Kennedy half. For $10 face bags it is 2.958. I have something like $120 face of these. They are pretty easy to find below spot also, so an easy way to accumulate in small quantities.

Renegade

What does .1479 mean?

Silvercaper
1st June 2008, 15:07
What does .1479 mean?
.1479 represents the pure silver content in each (Uncirculated) 1965-1969 Kennedy half.

Renegade
1st June 2008, 17:49
So in other words, take Silver Spot price x .1479 to get the silver value per half dollar. so at 17.00 spot,,,,,17.00*.1479=$2.51 silver value per 1965-1970 half dollar.

Renegade

Irons
1st June 2008, 18:04
I recently bought a bag of 40% junk silver at a yard sale only because there was a handful of late 1880's morgans and large cents in the mix that made it worth it to buy.
I'm going to unload all the 40% on the next spike, its not worth the space to store it, and refiners hate the stuff.
If you have the $$ buy silver not ore.

Silvercaper
1st June 2008, 19:13
I recently bought a bag of 40% junk silver at a yard sale only because there was a handful of late 1880's morgans and large cents in the mix that made it worth it to buy.
I'm going to unload all the 40% on the next spike, its not worth the space to store it, and refiners hate the stuff.
If you have the $$ buy silver not ore.
As I have previously posted in another thread, with approximately 32 pounds of copper in a $1000 face bag of 40% there's approximately $128 worth of copper at $4 per pound. Soon, when people become enlightened to this reality, 40% will be looked upon for the value it possesses. With copper prices continuing to increase in value don't be quick to sell yourself short. Just a little food for thought.

Irons
1st June 2008, 22:03
As I have previously posted in another thread, with approximately 32 pounds of copper in a $1000 face bag of 40% there's approximately $128 worth of copper at $4 per pound. Soon, when people become enlightened to this reality, 40% will be looked upon for the value it possesses. With copper prices continuing to increase in value don't be quick to sell yourself short. Just a little food for thought.

Its all good, I just like .999.When I buy silver I expect to get silver not copper Dont get me wrong, There is plenty of folks who will pay for all the 40% Ikes I happend to stumble across and I'm happy to sell them, some folks like them.
I don't, 40% is a waste of effort and space.
I f I want copper I will buy copper bars, heck that may be next along with nickel/

Renegade
1st June 2008, 22:10
Well if Ikes is where you are finding 40% it's likely better you don't bother with them!

Renegade

Irons
2nd June 2008, 06:31
Well if Ikes is where you are finding 40% it's likely better you don't bother with them!

Renegade

The bag I got was full of bicentennial silver proof sets, quarter half and dollar.Some are loose and some still in the felt.A card in the felt says they are 40% but to be honest I dont know!:confused:

JesterJay
2nd June 2008, 16:11
If the IKE is a 1971-1976 S, then it is 40%. They made both Proof and UNC coins. Kind of a cool coin. BIG and Heavy. Though not the "Cha-ching!" of a Morgan or Peace dollar.
I would trade mine for 90% if I had any 40% left. Or sell for cash and buy .999 silver. I just like the PURER stuff better.
Though I have carved out a nitch in my "collection" for 90% coinage for smaller bits of silver. Hard to find .999 Ag in small increments. I have a couple half ounce coins but that is it for less than 1 ounce rounds.
I never met a silver coin I didn't like!
JesterJay



The bag I got was full of bicentennial silver proof sets, quarter half and dollar.Some are loose and some still in the felt.A card in the felt says they are 40% but to be honest I dont know!:confused:

Irons
2nd June 2008, 17:39
If the IKE is a 1971-1976 S, then it is 40%. They made both Proof and UNC coins. Kind of a cool coin. BIG and Heavy. Though not the "Cha-ching!" of a Morgan or Peace dollar.
I would trade mine for 90% if I had any 40% left. Or sell for cash and buy .999 silver. I just like the PURER stuff better.
Though I have carved out a nitch in my "collection" for 90% coinage for smaller bits of silver. Hard to find .999 Ag in small increments. I have a couple half ounce coins but that is it for less than 1 ounce rounds.
I never met a silver coin I didn't like!
JesterJay

Thanks for the skinny on the ikes, there is 9 1971 uncirculated ikes in the mix I bought, the ones in cellophane with the blue disc on the opposite.I thought they were 40% but wasn't sure.I bought the bag of them mainly for the damn near uncirculated 1883 and 1884 morgans in it.:cool:

Renegade
2nd June 2008, 23:53
Well if Ikes is where you are finding 40% it's likely better you don't bother with them!

Renegade

JJ is correct on the Ike 40%, what I meant by the statement above was, if 40% is what you are looking for, it's much easier to find in the 65-70 kennedy halves.

Renegade

goldminer
5th June 2008, 06:07
If by "constant" you are asking what multiplier is used to determine the value of silver contained in "average" circulated coins, it's .295 x current spot per USD$1.00 face value.

Use .295 for 40% as you would .715 for 90% "average" circulated .10, .25, and .50 coins.

Use .592 for 80% Ag Canadian dimes, quarters, and halves.
Use 1.117 for 35% War (1942-1945) nickels.

There is about 1 oz. of silver in:
$1.40 face value 90% "average" circulated coins,
$1.75 face value 80% "average" circulated coins,
$3.40 face value 40% "average" circulated coins, &
$0.90 face value 35% "average" circulated coins.

Hope this helps.