0:15

Welcome back to the new hemisphere . I'm Tyler O'Connor and

0:17

I'm TJ O'Connor . One

0:19

of the benefits of what we do and especially

0:22

with the fact that we have a brick and mortar shop here in

0:24

Bellingham , massachusetts is

0:26

we have the opportunity to

0:28

really meet a lot of people

0:30

, to help them

0:33

strive to meet all kinds of goals

0:35

, whether that's collecting goals

0:37

, financial goals , goals

0:39

of liquidating and redistributing

0:42

assets and

0:44

through that we're really able to build genuine

0:47

relationships and friendships

0:49

and trust and understanding

0:52

and appreciation for everything

0:54

people go through . So

0:57

today's topic was brought up

0:59

by one of those customers . He

1:02

has been coming into the shop for a little while

1:04

and always

1:07

kind of struggled with having

1:09

a good understanding of this , as it can get very

1:11

convoluted , especially as you

1:14

look for resources to understand . Everyone seems to kind

1:16

of have their own way

1:18

to look at it . He's

1:21

currently going through a little bit of a rough

1:23

patch and we wanted him to know

1:25

that we're thinking of him and we wish him

1:27

the best and we hope for a

1:29

speedy recovery . And

1:32

with that let's kick off today's episode

1:34

.

1:35

Absolutely . So today's episode is

1:37

going to be pretty interesting , I'd

1:39

have to say , and carry some appeal for all

1:42

types that are involved in the new hemisphere . We're

1:44

going to be talking about 90% silver

1:47

, aka junk

1:49

silver or what we like to

1:51

use as a term which is a little

1:54

less dirty , constitutional

1:56

silver , and I think that .

1:58

But who doesn't like ?

1:58

dirty money . Well , I

2:00

mean , we all know that the money's dirty , but

2:03

in this case it sounds a little less dirty . And

2:05

what we're referring to here is

2:08

US coinage that

2:10

was produced prior to 1965

2:13

, particularly the half

2:15

dollar , the quarter and the dime

2:17

, and then , of course , inclusive of

2:19

silver dollars , back to the piece

2:22

dollar , and before that With

2:26

90% . I think it's

2:28

important that people gain a concept

2:31

of what does 90% silver

2:33

mean and what does

2:35

the value come to for

2:37

those dimes , those quarters and

2:40

those half dollars . So

2:42

why don't we break it down so that everybody

2:44

has a firm understanding here ? Tyler , what

2:47

is the actual silver

2:49

weight , or ASW

2:51

, of constitutional

2:54

silver .

2:55

So there's a few ways to measure this . The

2:58

standard tends to be with face

3:00

value , so it's measured

3:02

by every $1 in face value usually

3:05

equates to a price and

3:07

that price is measured off of taking

3:10

the total weight , 90%

3:12

of that weight , giving you

3:14

on average of new production material

3:16

.

3:17

Now keep in mind I'm not talking slicks or smoothies

3:19

or truly blown

3:22

out silver coins and those of you who aren't

3:24

familiar , those terms that he just used

3:26

are meant to describe

3:28

coins that have been smoothed out or

3:30

reduced in their overall mass

3:32

due to wear and exchange

3:34

in transactions .

3:36

So their ASW is a fraction of what it

3:38

should have been , but on newly minted

3:40

coins or less circulated

3:43

coins , the average is out to 0.723

3:48

troy ounces per

3:50

$1 face value .

3:53

So that's 0.723

3:55

troy for $1

3:58

, which would be four quarters 10

4:00

dimes two halves

4:02

and it all equals that

4:04

0.72 . Now , that's approximately

4:07

.

4:07

Right , because we're talking circulated , non-circulated

4:09

, so on average , that's where

4:12

it falls .

4:12

So there's some tolerance right where things get worn down . Now that's interesting

4:14

, right , because when our listeners they go out there

4:16

to the internet and they're trying to research this stuff

4:18

on their own , they could get easily confused

4:21

. When you try to Google

4:23

the actual silver weight

4:25

of a silver dollar

4:27

, what actually comes up is the

4:29

Morgan Silver Dollar or the Peace

4:32

Dollar , or even prior to that , and

4:34

they state 0.77

4:37

troy Yep . So the dollar's

4:39

a little bit different . Okay , so definitely a

4:41

distinction there . We're talking mainly

4:43

about the 50 cent , the 25

4:45

cent and the 10 cent , all

4:47

equating to 0.723

4:51

troy , and that's approximate

4:53

Now a slight other way

4:55

to think about this too is that to

4:58

achieve an ounce , a troy ounce

5:00

of silver , it's approximately $1.40

5:03

.

5:03

Interesting In

5:05

90% silver . So obviously

5:07

you can't necessarily achieve that with all the denominations

5:10

, right ? You could do 14 dimes , cool Quarters

5:13

, get kind of close , hit the mark

5:15

, right . So obviously that's where it's

5:17

a little difficult . But if you want to think about it as

5:19

measuring an ounce , it's

5:21

about $1.40 in face value .

5:24

Interesting , yes , very nice amino acid , chuck . We

5:26

have $1.40 would equal

5:28

a Troy ounce . And then

5:30

we have also , if we're comparing

5:32

this , we're comparing it to that single Troy

5:35

ounce round or bar that we could buy

5:37

, right , what are we looking

5:39

at for prices ? Is it economical

5:42

to be buying this junk

5:44

silver or this constitutional

5:46

?

5:46

silver . Well , that's where some other

5:49

factors come into play . Is that you have

5:51

market demand and

5:53

market supply . Okay , so

5:56

like all things , there's ebbs

5:58

and flows . I can remember

6:00

, not even that long ago , year

6:02

and a half ago premium on 90% was

6:04

insane because nobody could get it .

6:06

Right .

6:07

So replacement values were up for everybody and you were

6:09

paying 26 to one .

6:11

I recall that we were actually getting propositioned

6:13

by vendors all the way across the country to

6:15

get- .

6:16

National wholesalers were calling us for 90%

6:18

because nobody had it Interesting , nobody

6:20

was giving it up Now .

6:22

so I find that the demand

6:24

or the supply of constitutional

6:26

silver is a little bit unique , right , Because

6:29

it's not as if more

6:31

is going to be produced . They've

6:34

already been established right . It's already

6:36

been minted . There's already a limited

6:38

number of these out there . So

6:41

when that demand is present

6:43

, if the supply isn't there , you start

6:45

to see a separation in that premium and

6:48

that premium starts to climb Like we experienced

6:51

that year and a half ago .

6:53

So I don't know if you recall , but during COVID

6:55

, getting pure

6:57

silver for refineries and

7:00

for producers for blanks and everything

7:02

else , it was very , very

7:04

difficult and it was very expensive . And

7:07

I know certain refiners were actually

7:09

taking 90% coinage , melting

7:12

it down , refining it and using

7:15

that to produce their products . Wow

7:17

, so not only is there a limited

7:19

mintage , but how many times have we melted

7:21

down and repurposed

7:23

massive quantities of

7:25

these coins ?

7:26

So this is essentially a depleting supply

7:29

, slowly kind of ticking away as

7:31

it's being applied to different uses , and

7:34

that definitely makes constitutional silver

7:36

a unique animal . But

7:38

there's other pieces that make constitutional

7:41

silver a unique animal because it has an extensive

7:43

history , right Of course . So

7:45

why don't we tell the listeners here

7:48

what ? Where did this all start

7:50

? Why the silver dollar ? Why the United

7:52

States utilizing silver ? Where

7:54

did that come from ?

7:57

So it was the coinage act

7:59

of 1791

8:02

or 92 . 1792 . 92

8:05

, okay , which basically gave

8:07

the sole power , via the constitution

8:09

, to Congress to

8:11

issue and control the money supply for

8:13

the United States , and within

8:15

that they determined that there would

8:17

be certain compositions at certain purities

8:20

for different denominations , okay

8:22

, and it all basically stemmed

8:24

down from gold .

8:27

Okay .

8:28

Right . So they would start at the top , and they measured

8:30

one pound of gold with

8:33

an equivalent to 15 pounds

8:35

of silver .

8:37

That sounds familiar . Is that the standard

8:40

ratio that we've seen over

8:42

the existence of gold and silver .

8:44

It's a golden silver average .

8:46

Yes , so a 15 to one

8:48

ratio .

8:50

Okay , and that's how we started it all . And then they would

8:52

break it all down within the fractions for each of

8:54

the denominations and that

8:57

basically set what we call constitutional

8:59

coinage . Gotcha Was that

9:01

it was done in gold and silver , okay

9:04

.

9:04

Now it didn't just stay like

9:06

this , right , because things

9:08

change , right . The economic picture for

9:11

the United States went through

9:13

many fluctuations , potentially

9:16

bankruptcies . I mean there's many things that we

9:18

can dig into Potentially .

9:19

Yeah , there's many things that we can dig

9:21

into there . Not alluding to anything there , check it out , think

9:23

about it .

9:23

Yeah , absolutely , but this

9:26

changed over time . So the

9:29

United States started this . They put out that ratio

9:31

of 15 to one , I think

9:33

when they initiated this , the

9:36

mint itself was able to

9:38

pull in silver from silver

9:40

miners that were actually

9:42

executing mining in the United States

9:44

at the time and they could simply turn

9:47

that or convert it into coinage at

9:49

that point in time , if I'm not mistaken .

9:52

Yeah , it was redeemable , for I believe it was

9:54

a half a percent under

9:56

the metal value . They

9:59

could exchange raw silver for

10:01

actual coinage no-transcript

10:03

.

10:04

That kind of persisted . But then we

10:06

had a change , right , and then we had

10:08

I think it was Coinage

10:10

Act of 1834 , right

10:13

, and we took that 15 to 1

10:15

ratio and we brought it to a 16

10:17

to 1 , which is a really strange

10:19

thing Because technically

10:21

the world was still trading silver

10:23

at a 15 to 1 ratio , but

10:26

in the United States it was designated

10:29

to 16 to 1 . So effectively

10:31

the government was Forcing the

10:33

price of silver to be suppressed compared

10:35

to its fair market value . That's

10:38

kind of the beginning , of where this thing gets interesting

10:40

, right ? Sure as we continue

10:42

to move forward through history . We

10:44

also had the coinage act of 1873

10:48

and that's where they finally removed that

10:50

ability for People

10:53

who mine that silver to turn it into coinage

10:56

right then , effectively Dislodge

10:58

people from be able being able to create

11:00

money with that constitutionally

11:03

correct silver there

11:05

at that point in time and a kind of

11:07

Leamed more on the

11:10

gold standard at that point right . So we

11:12

have well they were still .

11:14

A big part of that was supply chain issues . Okay

11:16

, right , so they wanted to make sure that they were getting

11:18

a quality product , but

11:20

also politicians were essentially stuffing

11:22

their pockets . Okay , and a lot of these politicians

11:25

that that would never happen , by the way I really

11:27

don't believe that would ever happen . They actually own

11:29

substantial stock in some of the biggest mines

11:31

in the country and those the mines that

11:33

got contracts with the government to Produce and

11:35

provide the silver .

11:38

That sounds oddly familiar , like

11:40

. Contracts

11:42

being awarded by politicians to

11:44

their buddies and yeah no , no

11:46

insider trading happening today , nancy

11:49

, nancy . What's

11:52

next ? So

11:55

we've had some evolutions here , right

11:57

, where the value of

11:59

the silver is being determined differently

12:02

by the United States , with these different coinage

12:04

acts , and then we obviously

12:06

we got into the gold standard

12:08

here and the gold standard was

12:10

developed . Then we came into 1934

12:14

and you weren't able to own anything unless it was jewelry

12:17

or collectibles , right , and they had to limit it

12:19

amount , pull all of that off . Silver

12:22

continued to be minted in

12:24

United States coinage all

12:27

the way up until when ?

12:30

Well , we stopped 90% silver in 64

12:32

. That was the last year . Okay then

12:34

we used kind of the remnants of

12:36

our supply from 65 to 70

12:39

by using 40% in our Kennedy

12:41

half dollars , gotcha . But

12:43

keep in mind that although

12:46

there was a pause in circulating

12:48

90% , that we did

12:50

still create 90% issuances

12:52

of things like Eisenhower dollar by

12:55

Centennial coins as well . Okay

12:58

, then we also bring that back for silver

13:00

Eagle and a lot of the collector

13:02

sets today gosh .

13:03

So , like for the , the mints collective

13:06

Products that they were putting

13:08

out , they were doing that in silver . And then

13:10

, of course , we had the implementation of the

13:12

silver bullion coin

13:14

, the silver Eagle , in 1986

13:18

right .

13:19

So , we were using in not intended for circulation

13:21

coinage . Okay .

13:23

Wow , that's quite the history . So , basically

13:26

, people woke up one day in 1965

13:28

and they stopped having silver in their

13:30

coinage . What I mean it

13:32

was planned .

13:34

It's not like , hey , let's turn the water off , but

13:36

it was planned .

13:38

In part of that too , with that planning is people

13:41

were actually Horting yes

13:43

, a lot of the coins because they knew

13:45

it was coming to an end that might

13:47

explain why it is that we see

13:49

a lot of these collections from

13:52

Baby boomer generation

13:54

that's been handed off to the next . They're

13:57

gonna be incorporating Quite

13:59

a bit of this constitutional silver

14:01

if not a lot of times

14:03

. The majority of these collections are presented in

14:05

In constitutional silver , so that's

14:08

a generation that definitely saw the value

14:10

and saw what would happen while

14:12

it was being taken away .

14:14

Right and they had the opportunity right , and that's

14:16

where we get some of the so

14:18

many roles of BU 63 , 64

14:21

Right . It's like as soon as they announced that , everybody

14:23

started to hoard that silver and

14:25

now we have really nice examples but

14:28

there's not a collectability to them .

14:29

It's really a less like premium over at silver

14:31

Right it is just simply because of

14:33

the fact it's commonplace to find

14:36

well-conditioned 63 64's

14:39

, because people were taking these

14:41

straight out of Circulation and

14:43

putting them right into their safe where they were never

14:45

touched . Never transaction transacted

14:47

after that . That would make

14:49

sense as to why we see it . Yeah , I was .

14:51

I was on the sixties .

14:55

Imagine so

15:00

we talked a little bit about the monetary

15:03

value , or $1

15:06

face having a specific

15:08

one quantity of silver knowing

15:10

that we can get to $1.40 with a Troy

15:12

ounce , where does

15:14

constitutional silver kind of

15:16

fall in Price-wise compared

15:18

? Like what is a better choice for me

15:20

, tyler , if I were a new investor and and

15:22

I just wanted to get into a few ounces

15:24

of silver , sure , but I

15:26

wanted to get the most coins I could for it

15:29

.

15:29

Where would you direct me ? I mean again , that goes

15:31

back to ebbs and flows and when you're buying

15:34

. But most generally your

15:37

90% is going to be comparable to

15:39

generic . Lately

15:42

it's been a little bit over a

15:44

generic price , okay . But

15:46

if you play your ratios right , depending on

15:48

when you're buying in , you can leverage

15:51

90% To actually kind

15:53

of move up the ladder right , so you can

15:55

go from 90% to pure silver and

15:57

take that pure silver and go into gold . But

16:01

in all reality , I

16:03

think that you would need to ask yourself a few

16:05

questions . Okay , why are

16:07

you interested in 90% ? What's your overall purpose

16:09

? Are you playing the ratio game ? Are

16:12

you wanting this just in

16:14

case ? Are you Just

16:17

like 90% silver ?

16:19

I'm so glad you asked that question , tyler , because

16:21

as a new buyer , I'm scared

16:23

. I'm thinking that everything's gonna go

16:25

down . I don't even know if the debit

16:28

cards are gonna work . I don't know if cash

16:30

is gonna work . So I

16:32

want to be able to exchange and transact with

16:34

people in the case of an emergency .

16:37

Right . So with the intent of barter

16:39

ability , there's

16:41

several factors that come into play with 90%

16:43

that are Substantial benefits

16:46

.

16:46

Okay .

16:47

You have multiple denominations , right

16:49

, right ? So , just like we use today

16:52

, you've got your diamond quarters and half

16:54

dollars Mm-hmm versus

16:56

. If you're trying to trade someone a

16:59

solid , pure ounce of silver

17:01

, you might be overpaying

17:03

, right ? So you

17:05

want to go get a haircut , but an

17:07

ounce of silver is at 50 bucks , right ?

17:11

I don't want to pay for my piece off , like taking pieces off

17:13

of you like an eight rail or something ?

17:14

I mean , we just don't do that . So

17:16

, being able to

17:19

have multiple denominations To

17:22

fulfill whatever transaction you

17:24

need , mm-hmm . Substantial

17:26

, substantial benefit for 90% .

17:28

Yeah , absolutely so . Barter ability is

17:30

a plus and if you have goals

17:32

of wanting to be able to transact

17:34

in an emergency , having flexibility

17:37

in the sizes of the silver that

17:39

you hold gives you flexibility in

17:41

your form of payment . So you won't have to

17:43

be distributing that one ounce of silver for

17:45

a bag of groceries when you have

17:47

that mercury dime that could take

17:49

care of the , the value that you need to exchange

17:52

right ? That's one of the solid benefits

17:54

that are there . Now , what

17:57

about the fact that it

17:59

was minted by the United States ? I

18:02

mean , don't get me wrong . I'm sure

18:04

outside of the United States Maybe less

18:06

people are familiar with the coinage that was produced

18:08

here , but in the US these coins

18:10

are very recognizable .

18:13

So I think we're at an interesting time in history where

18:15

, yes , it's recognizable , but

18:18

to so many it's not

18:20

okay . So they

18:22

may say , yes , this is a Washington quarter

18:25

, right , because they they know the head of Washington

18:27

, but that's about it , right

18:30

? They don't understand that 1964 and earlier

18:32

was 90% silver . Okay

18:34

, so I Think there's

18:36

half the population Hopefully a little

18:38

more than half the population right now that would have absolutely

18:41

no issue understanding what

18:43

that coinage is , that it's silver

18:45

, it's US minted , it is a

18:47

good quality product . They can trust

18:49

it and do business without concern . But

18:52

if you're dealing with

18:55

, let's say , young millennials , gen

18:59

Z and everybody else after , that right . They

19:03

use debit cards , right ? That's all they

19:05

know .

19:05

Let me just swipe this or I'll Venmo you , right

19:08

, they , they just don't know well

19:10

, I think that you know , just in the perspective

19:12

of being able to transact

19:15

, having the recognizability even

19:17

if it is just amongst the community of

19:20

previous generations or those that

19:22

are included in investing

19:24

in silver or stacking silver , that

19:28

goes quite a ways , right , they don't have to doubt

19:30

what it is that you have and and

19:32

it's easy to To

19:34

move that across and exchange that value

19:36

with trust , and I think that

19:38

that definitely appeals to people . It's

19:41

also appealing you know Wherever

19:43

you go for a coin shop etc

19:45

. They're gonna know what that product is . You

19:48

should be able to know what that product is . Everybody

19:50

understands its value between those two parties

19:52

and you guys are able to settle On

19:55

a good deal or a good value for

19:58

for the silver that you're exchanging . Absolutely

20:00

. Now , what

20:04

may be some of the downfalls

20:06

that are attached to

20:08

silver

20:10

. Actually , you know what . I have one last thing to

20:12

talk about for the attributes before we get

20:14

to the potential negatives . So

20:17

this is appealing to people who are

20:19

collectors as well , because if

20:22

you are actually on the search and sifting

20:24

through constitutional silver on a regular

20:26

basis , you can find

20:28

some pretty amazing things in here . You're

20:31

talking about 16D

20:33

, mercury , dime , the 2121D

20:36

. You're talking about conditions

20:39

in walking liberty . Half dollars

20:41

that can get you thousands of dollars

20:43

in value . That never happens .

20:45

What are you talking about

20:47

. But it does FYI 1933

20:50

S and MS-65 walking lip

20:52

half dollar was acquired

20:55

here within a junk bag , so

20:58

please , look , it'll be on the site .

21:00

You guys can check that out . It's a beautiful coin .

21:02

But those things Agecoincocom .

21:03

Yeah , those things come

21:05

up quite frequently as you're sifting

21:08

through that silver and a lot of times if you

21:10

find those key dates , those varieties

21:12

, those exquisite condition coins

21:14

while you're sifting , they can be far

21:17

more valuable than

21:19

just the silver content that's there , of

21:21

course . So handling this stuff , dealing

21:24

in this stuff , it creates additional

21:26

opportunities to find more value

21:28

than just that silver . That's

21:30

definitely a benefit in handling

21:33

the 90% or the constitutional on

21:35

a regular basis . What

21:37

about the downfalls ?

21:41

Are there any ? No , the

21:44

biggest one in my opinion would be that

21:46

you're very much pegged to the commodity

21:49

value . So you might get in

21:51

at 20 to 1 and suddenly silver's

21:53

rapidly declining and

21:56

you're tied very closely with

21:58

that value because it is a

22:00

lower premium product generally .

22:02

Gotcha . So you're going to see a lot more

22:04

volatility in that pricing as

22:07

compared to that standard collectible or

22:09

numismatic coin that may be in the rotator

22:11

next year .

22:12

Right , which would tend to hold its value more consistently

22:14

, not pegged to the commodity Gotcha

22:17

.

22:18

So what happens with collectible

22:22

markets ? If collectible markets are contracting

22:24

, do we see the value

22:27

of constitutional or the premiums

22:29

on constitutional silver contracting

22:31

?

22:33

In the market right now we see that has definitely

22:35

been reducing with the premium Because

22:39

, again , as supply

22:42

increases and

22:44

yet that demand goes down because people may

22:46

not be having the expendable

22:48

income or purchasing right now

22:50

for whatever reason , right , so

22:52

then you balance it back out , your premiums are going to come

22:54

down . Makes it a much better time to purchase

22:57

Gotcha .

22:58

So there's definitely you know , not

23:01

necessarily as much of a correlation tied

23:03

to that collectible market , but it's all about

23:05

that supply and then that

23:07

demand . Hard

23:10

to tell how it's going to move , but it seems

23:12

to be that usually when the collectibles

23:14

market is shrinking , you see

23:16

the market for bullion or

23:18

the market for silver and gold

23:21

increasing . So it's

23:23

almost like an inverse reaction , at least

23:25

from time to time .

23:26

Right . So it's the majority of the time when

23:29

people have less expendable

23:31

income they tend to spend it less

23:34

on the kind of frivolous hobbies and

23:37

they start to question what they should be

23:39

doing with their actual value or

23:41

their wealth and money . And

23:43

oftentimes you kind of look

23:45

back at God's money and you say it's gold

23:47

and silver and that's the

23:49

best hedge historically against

23:51

inflation , not just against the

23:54

dollar but against many other currencies as well

23:56

, and that's a

23:58

great opportunity for anybody in the industry

24:00

and for collectors to

24:03

kind of protect that wealth

24:06

and acquire it . And

24:08

the 90% is a great opportunity

24:11

to get in at a low entry point

24:13

.

24:14

I like it . So

24:16

how do our listeners get a hold of

24:19

constitutional silver ? Where

24:21

can they find it ? Where do they source it ?

24:23

I mean easiest route . You find a shop

24:25

like us and you just

24:27

build a relationship , go in , acquire some Online

24:31

retailers . Everybody's got them , but

24:34

I think the hardest but

24:36

yet most affordable way for

24:38

people to look for 90% is actually to do role

24:40

hunting from the banks .

24:43

Oh , okay , Now talk to me about that

24:45

. What is role ?

24:45

hunting . So the banks hate this

24:48

because it's inconvenient to them . Okay

24:50

, right , so they order

24:52

you a box of half dollars

24:54

. Okay , right , so

24:56

they order you in a box . You're cracking every single roll . You're

24:59

checking that edge , looking for that nice bright white

25:01

, 90% silver piece . Okay , you

25:03

might find one . Unfortunately

25:05

, this has been happening for a while . There's

25:07

not a lot out there . But

25:11

when you can get that $10.50

25:14

, right , it depends how much time

25:17

and effort you're willing to put in , but that's

25:19

going to be the cheapest way that you can do it .

25:21

From my understanding role hunting has been pretty popular

25:23

for like 20 years now .

25:24

Very much so .

25:25

So a lot of that circulating supply

25:27

is definitely getting weeded out by those that

25:30

are consistently going through and

25:32

doing this either on a weekly basis

25:34

or a monthly basis , where they purchase that box

25:36

of half dollars quarters , whatever it might be

25:38

, cycled them , bring them back

25:40

or

25:42

, as far as being

25:44

able to pull this , currently

25:47

something interesting is happening

25:49

, right . So we have baby boomer generations

25:52

that are now liquidating their collections

25:55

, right , these are going off to the next

25:58

generation . Some may not know what

26:00

to do with said coins that

26:02

have been inherited , and sometimes

26:04

these coins end up going back into the bank

26:06

. So occasionally you can be

26:08

graced with a surprise , right

26:10

?

26:11

Well , I mean , I'm also thinking , you know , when grandpa

26:13

walks in the house and he's empty in his pockets

26:15

and throws his change in the five gallon water

26:17

jug , right , most people are going to sit

26:19

there and go through that . So they're going to take that to the bank , they're

26:21

going to dump it in the machine , yeah , and nothing

26:23

twice about it . Right , how much silver was

26:26

in there , right ? So if you can hit that at the right

26:28

time , you can get that batch that came in .

26:30

Yeah , that's where you hit the money Absolutely

26:32

and of course you know every time you get changed . You

26:34

want to make sure you're looking through it , of course , right , every

26:36

time . That's standard . So

26:41

for best strategies

26:43

, right ? If I am gun

26:45

hoe on silver , let's say I got

26:47

a thousand ounces in bullion and

26:49

I come to you and I talk about I

26:52

want some smaller stuff . I need a little bit of

26:54

fractional here . I just want a small portion

26:56

of my barter ability . What

26:59

strategy would you suggest

27:01

for me ? Am I going the root of constitutional

27:03

silver ? Am I going the root of fractional

27:06

Britannia's ?

27:07

Well , with all things , you need diversity . So

27:10

if you are

27:12

someone who's had larger bars , a lot of weight

27:14

, you want to make sure you have your one ounce pieces

27:17

. Those are really the foundation , in

27:19

my opinion . But then if you are looking

27:21

for fractional , honestly your best bang

27:23

for your buck is going to be 90% constitutional . Okay

27:26

, there's no question .

27:27

Okay , so it

27:30

sounds like constitutional silver has got quite a bit of value

27:32

for us , just a bit Well

27:37

. Is there any questions that you had

27:39

come in from listeners that you wanted

27:42

us to approach or answer ?

27:43

I think the common question really is

27:45

how do they understand what they're

27:47

paying for ? So like

27:50

, for instance , depending on the product , you

27:52

could be paying anywhere from 17 to

27:54

21 dollars

27:56

per face value . Okay , and

27:58

then breaking down the math and understanding

28:01

that right . So again , taking that one

28:03

dollar face value , multiplying

28:05

it by.723 . Understanding

28:08

that ? that's your excuse me , that's

28:10

your actual weight that you're receiving , right

28:12

, and then measuring that against spot , breaking

28:15

down the math . That's always the headache , right

28:17

? Yeah ? So I

28:19

just always want to remind people that one dollar in

28:21

face is not equal to one ounce . That seems

28:24

to be a big hiccup , right ? So

28:26

please keep in mind you're getting less

28:28

than a quarter of an ounce . So if you're paying $25

28:30

to one for circulated coinage , you're

28:33

paying too much , yeah , right . So

28:35

keep that in mind and don't be afraid

28:38

to ask , because , as you're getting

28:40

into it , it's a very confusing math

28:42

for a lot of people . Just talk

28:44

it through and if you're not getting the answers

28:46

they're looking for , ask more questions .

28:49

The squeaky wheel gets the oil Right

28:51

Absolutely . When it comes to this thing and don't

28:53

be deterred , no matter how grumpy your

28:55

local LCS owner may be . Don't

28:57

be deterred from asking questions because , truthfully

29:00

, knowledge is what's going to make it right for both you

29:02

and the LCS owner , and that transparency

29:05

between you on what deal is being brokered

29:07

is extremely important . So make sure that that

29:09

clarity is there for you before you engage

29:11

in any transactions .

29:13

And they shouldn't mind the questions , and

29:16

if they do and they're bothered , just

29:19

call us , we'll help you out .

29:20

Absolutely . We'd be happy to help you . Speaking

29:23

of engagement with us , what

29:26

types of things are coming up for

29:28

us in the future where our listeners can

29:30

engage ?

29:31

So we have a kickoff

29:33

to a big show season for us . We're

29:36

going to be out in Colorado at

29:38

the A&A show shortly . Okay , we're going

29:40

to be down in Baltimore , we're going to be in Manchester

29:42

and then we have some others coming up

29:44

shortly after that . So

29:46

if you see us , please come by . Absolutely

29:49

, we'd love to meet you in person .

29:50

It would be great to get to hear

29:52

from some of those listeners face to face

29:55

out there while we're traveling around .

29:56

And if we can't see you face to face , then please , in

29:59

the comments below , let us know any topics

30:01

or questions or anything

30:03

that we can do to help bring more information

30:06

to you , and it will definitely

30:08

help us to continue making content that you

30:10

guys actually would like , absolutely .

30:12

We really enjoy being

30:14

able to deliver this information to you in a

30:17

raw and realistic form and

30:19

hopefully it's easily digestible and

30:21

you're walking away with a firm understanding of

30:23

what you're dealing with before you enter

30:25

into any financial engagements , before

30:27

you fork over your cash Absolutely

30:30

Well . With that being said , my friend

30:32

, I think it's time we sign off . All right

30:35

Until next time . Until next time .