Jackson Metals

[Codes]

Does anyone know how many halves Jackson Metals bought and if they're still buying them and searching for silver?

 

Amazon Forum Fav 👍

A History of Mining on the Kenai Peninsula, Alaska - Grab it through Amazon!

[photogame]

hello, i had read an article a while back, i think it was in the range of 12-20 million in half dollars that they seached at that point. whether they are still searching, i dont know, and dont know if i want to know. you wonder how much silver they pulled out of the system?

 

[jewelerdave]

apparently they got a lot. enough that they were sure in the news to mention that they "Got it all"

Quite frankly, anyone who has millions and can afford millions also knows that new stuff would enter all the time, I am quite sure they search still. And will continue to do so. as there are no laws against melting silver US Coins.

 

[pronghorn]

The line below was taken from this article dated Monday November 12, 2007

http://www.cleveland.com/news/plaindealer/index.ssf?/base/news/1194860297146820.xml&coll=2

"They've also been sorting through $14 million worth of half-dollar coins from throughout the country to cull silver coins made before 1964."

Can't see why they would stop. Maybe it doesn't pay for itself, sorting silver.
Employees wages etc, anyone got the inside story, I would also like to
hear more on this.
Someone should find out where they are buying and everyone should
dump in that area. lol

 

[Codes]

I think people are making too much of this Jackson Metals hear-say. Has anyone else actually independently confirmed they're doing this? $14 million dollars worth of half dollars isn't that much, even if all of those coins were silvers. Also, they state they're looking for coins made before 1964. So if anyone has done the math, their story shouldn't cause much worry at all.

Here's my math:

$14 million in halves = 28 million coins
In 1963 alone they made approximately 89 million silver halves. Also, in 1964, around 273 million silver halves were made. In my opinion, there is NO WAY Jackson Metals has recovered even 1% of all silver coins in circulation. There's just no way. If they cleaned out all silver, no one would ever find silver, not to mention the silver that goes back into circulation.

Let's take a look at the profitability of this venture. They state they have gotten halves from "throughout the country" to search through. Lets say Jackson Metals sent a representative to each state capital of the 50 states to get all the halves they have and bring them back to their sorting facility. They would have to pay 50 people, supply 50 vehicles to get the coins back to their facility and also pay for fuel. The fuel alone would make it too way too expensive to get any type of profit.

In conclusion, I believe Jackson Metals would have a VERY VERY VERY hard time in making a profit from this venture and that it is nothing but talk. I would love to hear other's opinions on this thought.

 

[jewelerdave]

You have to remember that people have been melting down pre 64 coins since even before 64.

This gives more than 40 years of melting coins here and there.
US silver coins have been accepted by people in other countries for decades, mainly becuase coin silver is good stuff.
Why do you think most mexican silver is under %
Several reasons.

First being, who the heck checks silver jewelry to see if its really .925

And second, who the hell if melted large amounts of silver is going to check for accuracy when money is involved on something no one checks anyway.

Third, 90% coins were the norm for a lot of jewelry for many years. Find old stuff marked "Coin" its for Coin silver or 90%

Forth, In many places coin silver became .800 fine, or .720 fine or as in the US for halves from 65 to 70 .400 fine

If a few lower fine coins get mixed into the melt...who cares right? no one will know.


As far as Jackson Metals is concerned. In there fed district it was probably worth it, if considered a one time shot or boon to business, they must have done well.

I have to say, they are a perfect example of an All American company, In it for the short run and fast profit, and screw the future. Get and take what you can take NOW!!!!. Make a quick buck now and FU<* the future.

Its no wonder they keep asking if they can make it legal to melt pre 82 cents and nickels. They would make a lot of money of the tax payer now. But after some time. As with any limited resource, It will be depleted for good.
Its the patriotic American way to do things....ie. No long term thinking.

This is exactly why we will lose in the long haul to the rest of the world, particularly against China. We love short term thinking and quick bucks, even if its at the expense of our own future.
Why else would the dollar be collapsing before our very eyes...hence why gold and silver is so expensive right now....
its not, 40 years ago, a gallon of gas was 3 silver dimes.
A silver dime is now worth a buck. And gas is over 3.
So has the price gone up...no. But inflation has.

Same with gold, when gas was just over a dollar a gallon gold was at $300 or so.
now here we are, Gold as tripppeld. and so has gasss.
FRIKKIN DUH!!!!!

What do you think is going on anyway people? Either you have fallen for whats happening to this country as nothing or your own lying eyes are telling you otherwise.

I think I am going to opt for peoples eyes must be lying too them. that makes the most sense.

 

[50centman]

Nothing like a good liberal reply from Mr. knowitall to enlighten us to what a horrible country we live in. Perhaps you should move to China. It is the fun of the hunt and the mystery that moves a lot of the people on this board. There will always be greedy people in this world. Where is that whinnnnnnnning sound I here coming from!!!

 

[pronghorn]

I have to say, they are a perfect example of an All American company, In it for the short run and fast profit, and screw the future. Get and take what you can take NOW!!!!. Make a quick buck now and FU<* the future.

Interesting quote from the same person who on Feb. 22 in another thread wrote...
"I also make it a point to poach halves from others when ever I can. I am not too proud to admit it. I have taken many peoples "orders" or partials where they come in a couple times a week to get say $100 to $200 worth.
The Idea is to limit competition and demoralize them."

Can you say...Get and take what you can take NOW!!!!. Make a quick buck now and FU<* the future. Yeah I know, one doesn't have anything to do with the other right.
Or does it. It is alright for you to take what you can get now but not alright
when an EVIL "All American company" does it.

someone sell their silver too early?

 

[Silver_Fox]

I have to say, they are a perfect example of an All American company, In it for the short run and fast profit, and screw the future. Get and take what you can take NOW!!!!. Make a quick buck now and FU<* the future.

Interesting quote from the same person who on Feb. 22 in another thread wrote...
"I also make it a point to poach halves from others when ever I can. I am not too proud to admit it. I have taken many peoples "orders" or partials where they come in a couple times a week to get say $100 to $200 worth.
The Idea is to limit competition and demoralize them."

Can you say...Get and take what you can take NOW!!!!. Make a quick buck now and FU<* the future. Yeah I know, one doesn't have anything to do with the other right.
Or does it. It is alright for you to take what you can get now but not alright
when an EVIL "All American company" does it.

someone sell their silver too early?

You 2 need to jump into a mud wrestling pit together.................LOL

 

[blurr]

I think people are making too much of this Jackson Metals hear-say. Has anyone else actually independently confirmed they're doing this? $14 million dollars worth of half dollars isn't that much, even if all of those coins were silvers. Also, they state they're looking for coins made before 1964. So if anyone has done the math, their story shouldn't cause much worry at all.

Here's my math:

$14 million in halves = 28 million coins
In 1963 alone they made approximately 89 million silver halves. Also, in 1964, around 273 million silver halves were made. In my opinion, there is NO WAY Jackson Metals has recovered even 1% of all silver coins in circulation. There's just no way. If they cleaned out all silver, no one would ever find silver, not to mention the silver that goes back into circulation.

Let's take a look at the profitability of this venture. They state they have gotten halves from "throughout the country" to search through. Lets say Jackson Metals sent a representative to each state capital of the 50 states to get all the halves they have and bring them back to their sorting facility. They would have to pay 50 people, supply 50 vehicles to get the coins back to their facility and also pay for fuel. The fuel alone would make it too way too expensive to get any type of profit.

In conclusion, I believe Jackson Metals would have a VERY VERY VERY hard time in making a profit from this venture and that it is nothing but talk. I would love to hear other's opinions on this thought.

Totally agree. There was another thread that claimed that the feds are doing the same thing. Tinfoil hat stuff

John

 

[Whyme]

Totally agree. There was another thread that claimed that the feds are doing the same thing. Tinfoil hat stuff

John

Hey! Don't bad mouth tinfoil hats!

http://zapatopi.net/afdb/

Read the testimonials!

 

[klava]

I think people are making too much of this Jackson Metals hear-say. Has anyone else actually independently confirmed they're doing this? $14 million dollars worth of half dollars isn't that much, even if all of those coins were silvers. Also, they state they're looking for coins made before 1964. So if anyone has done the math, their story shouldn't cause much worry at all.

I find this comment quite funny since I see your posts in other threads stating how you won't show your finds so other poeple wont get into the hobby because of them. Kinda funny you are worried about average joe but not a huge corp with a crapload of resources.

Anyway I say roll with the punches. Do it aslong as its fun and youa re finding stuff and dont fret to much over what others are doing youc ant control it anyway.

-K