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Topic: Investing in metals (Read 7889 times)
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purple kitty
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I changed my mind, dammit.
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« Last Edit: August 27, 2007, 12:23:18 PM by purple kitty »
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Not a TMM member
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Kent,
Are you looking at proof sets maybe?
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Not sympathetic to the tinfoil hat crowd.
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Dull'Hawk
Sr. Member
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Member #252
Posts: 2266
DullHawk.com
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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.
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« Last Edit: April 12, 2007, 03:07:57 PM by Dull'Hawk »
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Kent For LibertyFirefly militia: millions strong, one at a time.Declaration of Liberation: I hereby withdraw any and all consent (if, indeed, consent was ever given) to be subject to the whims of the murderous, criminal collective known as "government".
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velojym
Guest
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...and who says the cute ones are dumb?   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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Not a TMM member
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Threadjacker.
Sexist threadjacker.
Dirty 'ol man sexist threadjacker.
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Not sympathetic to the tinfoil hat crowd.
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Jac
Sr. Member
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Member #25
Posts: 2755
CPC? I'd tell you, but I'd have to kill you...
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...and who says the cute ones are dumb? 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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I have never regretted that I chose to "take the red pill." But there are days, just rarely, when the truth is so ugly, so brutal, so unmerciful, so relentless, that even if I wouldn't rip the truth from the wall socket and hurl it out the window to crash on the sidewalk below, I wouldn't mind if it featured a snooze button so we could savor just a few more moments in slumbered pretension and warm, fuzzy lies pulled snugly up over our heads.
--PSM
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velojym
Guest
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Yer all goin' soft! Argh!  |
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slidemansailor
Sr. Member
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Member #1838
Posts: 2540
A nation of sheep begets a government of wolves
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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
Sr. Member
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Member #2233
Posts: 1770
Acting as a Curmudgeon unless otherwise specified.
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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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If you look like food you will be EATEN.
I'd rather be judged by 12 than carried by 6.
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hangman
Sr. Member
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Member #2334
Posts: 1123
Senator, +Lampost, +Rope. Some assembly required
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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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Live Free Or Die: Death is not the worst of evils.
"Resist much, obey little." ~ Walt Whitman
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Junker
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Wow!! Good show, Hangman.
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hangman
Sr. Member
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Member #2334
Posts: 1123
Senator, +Lampost, +Rope. Some assembly required
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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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Live Free Or Die: Death is not the worst of evils.
"Resist much, obey little." ~ Walt Whitman
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TnAndy
Newbie
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Member #912
Posts: 22
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Tahn
Full Member
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Member #1614
Posts: 593
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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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"We are all travelers in this world.
From the sweetgrass, to the packing house.
Birth till death,
We travel, between, the Eternities". Prent Ritter's meme.
All human beings have two dogs within them. A good dog and an evil dog. The evil dog is always attacking and fighting the good dog. Which one wins?
The one you feed! ... Native American Story
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freethinker
Wild Woman
Full Member
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Member #708
Posts: 623
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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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People that spend all their time on facebook make me want to grab a nice big hard back and show their face what a real book looks like.
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