Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: samtheman

One thing you can do if worried about fakes is buy “junk” silver coinage. Pre 1965 dimes, quarters, and halves are 90 per cent silver, and can be bought and sold easily. Technically, one thousand dollars face value in US coinage has 725 ounces troy of silver. Because they are worn, the actual content might be around 715 ounces - this is the figure used by most dealers. I have always liked the Walking Liberty half dollar, easily one of the coolest looking coins ever. In fact the Eagle coins stole the design. Anyway, you can figure out the price by moving the decimal - 100 dollars face equals roughly 71.5 ozt, times the spot price, equals cost in current greenbacks. That makes a silver dime “worth” over four bucks. Amazing. Spot is over $47 right now.


67 posted on 04/24/2011 4:43:33 PM PDT by Freedom4US
[ Post Reply | Private Reply | To 66 | View Replies ]


To: Freedom4US
That's exactly what I have been buying, all quarters, mostly George Washington, but some Liberty Quarters (which tend to be thinner which I don't like when I buy by face value but is ok when I buy by weight).

However, I have seen some scare-sites on the subject, such as: The 'Almost' Perfect Counterfeit

68 posted on 04/24/2011 6:39:56 PM PDT by samtheman
[ Post Reply | Private Reply | To 67 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson