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Author Topic: Investing in metals  (Read 15233 times)

purple kitty

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Re: Investing in metals
« Reply #15 on: April 12, 2007, 01:51:34 PM »

I changed my mind, dammit.
« Last Edit: August 27, 2007, 12:23:18 PM by purple kitty »
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Re: Investing in metals
« Reply #16 on: April 12, 2007, 02:48:49 PM »

Kent,
Are you looking at proof sets maybe?
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Dull'Hawk

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Re: Investing in metals
« Reply #17 on: April 12, 2007, 03:02:21 PM »

Sorry.  I was mistaken.  I kept reading about "40% silver coins from 1965 - 1970" and had never seen that it only meant one kind of coin.  Oh well.  I think if it was only the half dollars, they should say that somewhere.  I suppose I have a lot of change to spend now.

Kent

PS: on the Monex site 90% silver coins are $13.75 per ounce and 40% silver coins are $13.85 per ounce as of right now.  Still doesn't make sense.
« Last Edit: April 12, 2007, 03:07:57 PM by Dull'Hawk »
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Kent For Liberty

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velojym

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Re: Investing in metals
« Reply #18 on: April 12, 2007, 04:16:59 PM »

...and who says the cute ones are dumb?  :read2: :wacko:

I notice that the 1965 - 1969 quarters and dimes (with 40% silver) are worth more than the pre-1965 quarters and dimes (with 90% silver content) on many of the precious metals sites.  This seems counterintuitive to me, but these are fairly common in the change I receive so I hold onto them.  Is there any good reason that these have a higher value than the older coins?

Kent
Quarters and dimes were never minted with a 40% silver composition. Half-dollars were 90% silver before 1965 and 40% silver between 1965 and 1970. 90% silver half-dollars are currently $4.98 in metal value while 40% half-dollars are currently $2.04. My calculations tell me that $4.98 is greater than $2.04, therefore, I must conclude that the 90% silver coins have a greater metal value than the 40% coins.
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Re: Investing in metals
« Reply #19 on: April 12, 2007, 04:27:10 PM »

Threadjacker.
Sexist threadjacker.
Dirty 'ol man sexist threadjacker.
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Jac

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Re: Investing in metals
« Reply #20 on: April 12, 2007, 04:38:35 PM »

...and who says the cute ones are dumb?  :read2: :wacko:

I notice that the 1965 - 1969 quarters and dimes (with 40% silver) are worth more than the pre-1965 quarters and dimes (with 90% silver content) on many of the precious metals sites.  This seems counterintuitive to me, but these are fairly common in the change I receive so I hold onto them.  Is there any good reason that these have a higher value than the older coins?

Kent
Quarters and dimes were never minted with a 40% silver composition. Half-dollars were 90% silver before 1965 and 40% silver between 1965 and 1970. 90% silver half-dollars are currently $4.98 in metal value while 40% half-dollars are currently $2.04. My calculations tell me that $4.98 is greater than $2.04, therefore, I must conclude that the 90% silver coins have a greater metal value than the 40% coins.
See, I'd've said something like that before, but I'm the nice Certain Person now...

I've reformed.
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velojym

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Re: Investing in metals
« Reply #21 on: April 12, 2007, 05:02:10 PM »

Yer all goin' soft!
Argh!
 ^_^
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slidemansailor

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Re: Investing in metals
« Reply #22 on: September 20, 2007, 12:00:40 PM »

Yesterday I paid cash for a little shed-door lumber and received a 1964 quarter among my change.  I can't remember that happening to me anytime in the last decade.  Boy do I feel lucky. 

The poor guy giving out change recognized it just before he  got back to me from the cash register.  He did this weird hesitating-half-step dance that I didn't understand until he handed me my change and pointed out the real silver quarter in it. The other four guys within earshot all knew that the quarter was worth more than one fourth of a FRN.

According to coinflation.com, it is worth $2.34.  According to me, it will be worth a lot more than that when ownership finally transfers to someone else.
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kirgi07

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Re: Investing in metals
« Reply #23 on: September 21, 2007, 07:03:41 AM »

Our local dealer is paying 7 to 8 times face.A little over the top yes,I think he's rolling the dice and takens his chances.I prefer junk silver it's easier to use in a SHTF society more so than gold.I get on the average of $3-5 a week in change,or local cashiers watching for it and letting me know.I give-em 2-3 times face and be done with it.Take it home put up and forget about it.I also get a good deal more out of dollar change machines,laundries pool halls and the such. Ought 7.
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hangman

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Re: Investing in metals
« Reply #24 on: September 21, 2007, 11:06:48 AM »

I got real lucky a couple of years ago. A friend who had sold his pawn shop and then went traveling with his wife found himself short of cash. He called and said he had some silver coins he needed to sell quickly. There were over 150 Morgan silver dollars in very fine condition, over 100 Peace dollars, bags of mercury dimes, bags of Liberty quarters, and silver rounds. All pre-1965 with many of the Morgans minted circa 1882very beautiful coins. I bought the whole boxful at bullion prices when silver was at $4.98. The whole thing cost me $3785.00.

Same friend is a jeweler in a busy store. He had piles and piles of cut-offs, small pieces of gold jewelry after sizing, repairing, etc. I got it when gold was under $300.00.

At the time Karen was livid with me. Now, she's kinda glad I bought the stuff.
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Junker

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Re: Investing in metals
« Reply #25 on: September 21, 2007, 11:18:13 AM »

Wow!! Good show, Hangman.
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hangman

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Re: Investing in metals
« Reply #26 on: September 21, 2007, 11:51:50 AM »

Like I said Junker- I got real lucky! Right place, right time. I've found a few more caches at bargain prices. The key is to have plenty of FRNs when these steals come along.
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TnAndy

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Re: Investing in metals
« Reply #27 on: September 25, 2007, 02:37:32 PM »

Good feedback on many dealers at Goldismoney forum....never bought from Northwest Mint, but they get a very poor rating at GIM.

http://goldismoney.info/forums/forumdisplay.php?f=150
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Tahn

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Re: Investing in metals
« Reply #28 on: September 25, 2007, 04:13:05 PM »

Just a note concerning the web page that TnAndy posted a link to.

This question has been asked on other places in this forum. One of the posters asked "How do you tell if the gold coins you are buying are real?"

 The answer is on this link.  http://www.fisch.co.za/  It is a set of small devices that measure the weight, thickness & diameter, to assure that it is the exact ratio of size to weight. I have ordered a complete set. What a wonderful device for hard times. Anyone can be an expert in determining if a gold bullion coin is authentic.
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freethinker

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Re: Investing in metals
« Reply #29 on: September 26, 2007, 12:06:03 AM »

My grandma gave my sisters and I a silver Canadian dollar each when we were young. Kept it safe all these years.
I think that's when I began my fasination and love of silver.  In my mind, it's better than gold.  Much prettier...and I don't know, I just am very attracted to it.

Plus it's shiny.  Like some birds, most female humans like shiny things, me definately included. ;)


-  freethinker
 
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