Buying GOLD and SILVER at the Flea Market

I buy some 90% US minted silver coins, a 1/2 British Sovereign Gold Coin, and some Gold Filled scrap at the local Flea Market

[@zenadrian4678]

Ducats are from Austria not Australia 😂

[@Ellis157]

Wow, about $800 at the flea market. You'll. turn into more money than that. That's awesome. Nice fall. That is a very cool calling.

[@DavidDavis-fishing]

Gooooood morning from central Florida! Hope everyone has a great day!

[@sreetips]

Goooood morning!

[@jameskpokou2979]

I wanna see you make some bars out of this last silver harvest 👍👏🙌

[@Joe.Rogan.]

I like these videos a lot.. keep em coming.

[@antonschulte9150]

Very cool finds! A (full) Sovereign was the first gold coin I ever bought. The Dukat has it's roots in medieval Europe and is still minted as a bullion coin by the Austrian mint (all new issues are dated 1915). For centuries the Dukat has maintained its weigh (3.49 grams) and fineness (.986), while other gold coins like the Gulden and the Zecchino got degraded over the centuries.

[@sreetips]

Tomorrow, I’ll go back and get the Dukat

[@stockleezyfosheezy491]

Nice work on the quarters. and the sov at that too. Great day to you brother

[@csp5272]

I love old coins nice job!!

[@DigemDeep]

That was really steep for a 90% silver quarter.

[@bradbarnett7747]

I am paying $24 for 4 quarters at my local coin shop. Most of those quarters he got were pretty worn as well.

[@yoyoyohihihidude]

6.25 grams per quarter. X64=400grams x~$1/g= ~$400. So he paid silver weight at ~$31/toz

[@sreetips]

Did it for the show

[@NeverEvil1]

Sreetips plays the long game with silver.

[@georgeguthrie2793]

My local pawn shop wants a dollar pre gram silver coin

[@someguy-k2h]

Converting paper into metal is only worth it if the paper price is less than the metal price. Eventually, you will have to reconvert that metal into paper, because nobody accepts metal as a currency. Those 64 US quarters contain about 360 grams of Silver. That's currently worth about $352. You paid $400. You will probably pay another $20 to convert them to .999 silver. Silver is still $38 down from it's recent high in 2011. That value of $68/oz was down from the all time high of $145/oz in 1980. The expected long term value is $20/oz.

[@sreetips]

Gold and silver are for saving. Currency is for spending.

[@someguy-k2h]

@@sreetips You have said this before, and I know you believe that between now and your re-conversion of metal into paper, you will make value on appreciation of this asset. If you overpay for the asset, it will take MUCH longer to recuperate your investment. If you bought silver in April 2011 at $68/oz, your investment is now upside down. If you bought in Jan. 1980 at $145/oz, you will most likely never live long enough to see any return. Metal isn't magic. It's exactly the same as any real asset whose value fluctuates. It's a bet you are making.

[@davidestabrook5367]

​@@someguy-k2hYou're correct about the high silver spot price, and how if you buy silver when it's valued high, you will have a long wait to sell and make a profit, after the high spot price dips. Because he makes money from KZbin, his profit equation is: (purified silver + KZbin video payments) - (scrap silver + chemicals cost). That means he can turn a profit, even buying at high spot price. Also this is fun for him, and we all love his KZbin videos. Sharing his videos gives him the ability to profit, even when the metal spot price is high.

[@SpartanONegative]

Nice flea market Sreetips 🐉 Thanks for sharing it with us 🙏 God Bless

[@Joe-mad]

We might all look back one day and wished we traded all our paper for gold and silver. Smart!

[@familyengineering5591]

I buy lead and brass. You can keep your silver and gold. Ill come for it

[@yugbe]

I love saving silver. Most are bars and 1oz coin pressed 99.999%. A crap ton of dimes, and some quarters. Good times trading fiat for something solid

[@andrewlovesu1]

Yay, acquiring more silver 🎉

[@timsmith9645]

Great video nice silver quarters and gold coin thanks for sharing sreetips

[@ryanryan3922]

r u about to experiment with those silver quarters?

[@jeffd3660]

Nice " haul " .... P.S. , I would highly recommend testing the gold 1/2 Sovereign for authenticity 🤔

[@sreetips]

Tomorrow, I’m going back to get the Dukat

[@Zendukai]

How much after it's all melted down and sorted into its gold and silver would it be worth? I assume it'll be worth more than what you bought it for minus the costs of your time and electricity and acid and whatever else you put into it. Love your videos, look forward to every video. Cheers Wish I could show you our big chunks of silver and gold bars, they weigh 120 kg each and have to be sent to the Perth Mint for further processing.

[@sreetips]

Nice!

[@RicArmstrong]

I wish we had flea markets like this. Here😢

[@Arne-ns2mw]

Alle land har jo det min venn🙂 God jul🎀🎈🎀

[@timotheegoulet1511]

Was surprised that you math didn’t work faster when counting those quarters.

[@sreetips]

Old age

[@johngalt2506]

​@@sreetips I feel ya 😂

[@Handle_number_7]

Chemistry and mathematics are different animals lol I definitely get the old age answer. Happens to the best of us. I'm 45 and feel like I'm 70 often. I fear my mental state in my 80's, if I make it...

[@Antonowskyfly]

Real shopping for reales. 👍👍🤟

[@oscarherrera9049]

Nice job man

[@ericcobb8225]

Question. If i came to you, would you be willing to mentor me on the crystal cells and such?

[@sreetips]

Unfortunately I don’t offer any training or tutoring services. This is my hobby.

[@ericcobb8225]

​@@sreetipsi appreciate your response sir.

[@Justicesdad]

@@sreetipsbut you are actively selling on eBay no?

[@Tailss1]

Watch his videos and ask questions in the comments, I already learned enough from watching his videos to confidently refine silver with electrolysis like he does.

[@ericcobb8225]

@@Tailss1 they are great videos. I'm just monkey stupid with things. Just don't want to mess it up

[@jimirk6226]

Smart move , very nice

[@ObsoletePencil]

I've heard of gold fever, is silver fever a thing?

[@sreetips]

Yes, I have it.

[@bobwerner6512]

So how much copper out of the E.P.?

[@sreetips]

I don’t know

[@youssefzouine8191]

Waiting for a new video ❤

[@johnnyb3126]

Nice Coins 😃😊

[@sreetips]

I’m going back and getting the Dukat.

[@jayupstateny13650]

now i gotta look up what a gram of gold is going for, lol, you got me curious

[@Hill-13]

A little more than 85$ a gram

[@ZoonCrypticon]

Are you going to smelt the coins ?

[@sreetips]

Smelt: rendering metals from ore.

[@VerucaPumpkin]

That coin is pretty send it off nicely lol

[@mahlapropyzm9180]

EPNS is electroplated nickel silver - so yeah, silver plate.

[@purusottamadas4314]

Perfekt!

[@tonydalton6756]

I just managed to buy a half sovereign ring in England for £400 Total weight 12g. 4g 22kt 8g 9kt. I couldn't believe my luck. There seems to be much more available in the US.

[@sreetips]

People in America are clueless about real money: gold and silver.

[@DigemDeep]

You can buy Krugerands for $2750 at lots of places. That a full oz of gold 31.1 g of gold. It seems to me you paid way more than you should have for that coin.

[@sreetips]

Did it for the show

[@ifindmetal]

Damn those sellers cut you no breaks there

[@sreetips]

Doesn’t matter, did it for the show

[@darkunicorn1208]

So do you just keep the silver coins or can you refine them?

[@sreetips]

The coins should be held as is. No need to refine them. One of those quarters will buy a couple gallons of gasoline.

[@GokouZWAR]

I’m surprised flea markets even have gold. The markets I do, none of the vendors have gold they say it’s too big a risk to bring it on site. They will have silver but well above spot price.

[@rudypoo4370]

1/2 sovereign 👍🏻

[@cristianstancu1707]

Is it allowed to extract silver from these coins? In some countries it is forbidden to destroy the money, because it belongs to the issuing bank.

[@sreetips]

I remember thinking it was a crime to destroy currency. I wouldn’t recommend extracting the silver from the coins. They contain a known quantity of silver minted by the government. They should be held just like they are.

[@cristianstancu1707]

Thank you sir! I must recognise that inside I wished to see a video with coins melted. Naw I am a little bit desapointed, but I am sure that soon you will make other great videos. Have a good day!

[@StefanShorko]

Good purchase team. Time to use the nitric acid and sodium hydroxide.

[@jamesloghry8083]

I have a civil war bar been through the battle its missing the ends

[@alanpecherer5705]

I don't think you did well on the Sovereign. At 7.323 grams The Sovereign is made of 22 karat gold, consisting of 11/12 gold and 1/12 copper, giving a gold content of 0.9167. The coin has a standard weight of 7.98805 grams and given that the fineness is 0.9167, the gold content is 7.323 grams or 0.2354 (Troy) ounces. So you have 1/2 a sovereign or .1177 troy oz, 1/10th of an ounce is $267. Good work passing on the E.P.N.S. = ElectroPlated Nickel Silver = nothing. Sterling forks and spoons are the best, IMO, if priced right.

[@yoyoyohihihidude]

Slight premium from spot for a coin he didn’t have and wanted. Coins will carry premium.

[@Arne-ns2mw]

Hello Mrs and Mr Sreetips. Soon i go to bed for the night. Lovely whit a clip before sleep🎈 God bless you🙏

[@x0j]

melt the quarters off camera lol

[@sreetips]

If you melt the quarters then their purity, and therefore their value, becomes questionable.

[@familyengineering5591]

You got robbed on the silver. Its worth $350

[@sreetips]

Today, I’m going back and buy all the dimes, and the Austrian Dukat. Watch for the video.

[@richardchayer6597]

Hello

[@sreetips]

Hello

[@lamarkelsaw8923]

Man….. Your ERA is just ANOTHER…..TYPE OF MONSTER!!!! THANK YOU FOR ALLOWING A BLACK MAN FOR SEEING SOMETHING I’d NEVER be able to see in my PUNY…. Little world. My entire family loves you! FACTS!!!! Watch out for Superman!!!