I saw a video where a coin dealer had a contrary opinion regarding junk or constitutional silver. The prevailing wisdom is that, originally being US currency containing 90% silver this would be good to stack, and I understand there was some good sense to that argument.

Had someone stacked it from way back when silver was priced much lower there probably isn’t much downside. I just wouldn’t pay the multiples of face that the current market dictates given what rounds or even eagles and maple leafs go for.

The reason being, and while this may be a longshot, the dealer threw out the argument that if the government decides to recall those coins, since they issued the currency in the first place, they would do so at face value and the holders would take a beating if they paid above face.

Of course, you could decide not to redeem at a bank and melt the coins down for the silver value, but that is against the law and would involve a cost. Someone willing to take the risk would likely buy the coins but at a steep discount from the silver content value.

Don’t know if that ever happens but I wouldn’t put it past the government when a silver shortage appears and they are desperate to get their hands on silver in any way they can.