I recently came to the bothersome realization that my portfolio, particular my precious metals portfolio, is kind of out of balance. What I mean by this is that most of the silver I own is in 0.999 pure bar or round form and I don't have that many actual silver coins that were once considered normal currency.
Just to stoke the stackitus I also came across an interesting article by SD Bullion (The Silver Doctors) about the recent trend of very historically low prices of junk silver. People are selling these coins at very low prices over spot right now which is usually not the case. The article also mentions that a good number of these coins are being melted down for their silver content, which will make them a bit more rare. And when silver and gold do go up in price, these types of coins often demand a high premium over spot price.
I finally gave in to the urge to acquire some Constitutional Silver recently when I received an email from SD Bullion promoting one of their deals on Walking Liberty half dollars at under a dollar over spot price. I got a $10 face value bag of these sweet 90% silver half dollars from the 1930's and 1940's which adds up to a total of 7.15 ounces of silver.
So Here's the Goods
Some are in better condition than others and they all look their age...but I was still very happy to open up this package and spill the coins out on the table and inspect them.
It was nice to finally add some "junk" silver to my collection as my holdings were pretty small in this particular form of silver bullion. This meager spread is all that I had before this shipment came in.
I actually used to own more than this since I collected coins when I was younger but when I was in my twenties I stupidly sold quite a few of them as they were worth a decent bit of money (or what I thought was a decent bit of money back then). Ugh, the stupidity of youth. No offense to the young, I'm mainly speaking of my younger self.
I've got another small shipment coming in soon from SD Bullionand I'm eager to stack those coins up next to this newly acquired pile and admire them...
So I now have yet another thing on my to-do list as far as silver stacking goes...I want to get $10 face value bags of dimes and quarters as well. And on top of that I've decided to start collecting the 90% silver version of the 50 State Quarters. Yeah I want one of each which come in 5 coin proof sets. I'll have to order them over the course of a few months so as not to upset my monthly budget or cut into other investing that I do, but I'll get there.
So who else has a fever for Constitutional silver? I know there's a growing number of silver fiends / stackers here on steemit / in the SSG community. What do you think? Is 90% a good investment? I think so...