[blam]

Going in a few minutes to look at these:

Bulk Silver SALE - $26 (Summerdale)

[count-your-change]

“precious” metals are where we find them. I've made good money from gathering up old lawn furniture and t.v. antennas to be sold for the scrap aluminum in them.

[Orange1998]

$6.50 for one silver quarter? 26 times the value. The cost of a 15K house in 1964 should cost $ 390,000 today. No wonder economist say housing is cheap.

Or price of silver is a bubble. My guess would be silver is priced right.

[Hugin]

FYI, silver coins are not pure silver. IIRC, a quarter has about .18oz, not .25, so that’s not $26 an oz, more like 33. Still, ot a bad deal though.

[Manta]

How did you arrrive at 6.50?

http://www.coininfo.com/

Shows about 5.75 as current price

[Manta]

13 % premium to silver spot. Ok I got it. a $1000 bag face value which is standard unit have become very scarce in the past month

90% Silver Coins $500 Face Value Bag
Product details
USD $ 11,829.68 ea.

[PA Engineer]

I have purchased a number of junk silver quarters, but I have a difference of opinion in regards to junk dimes. One of the issues of junk dimes is the wear over the years. Silver weight will become and issue as the appearance of value increases.

One of the junk silver coins that has not suffered circulation wear nearly as bad as the dimes is wartime nickels. Todays melt value is $1.8 USD.

One of criticisms of war nickels is their recognizability. I would counter that these will become the most recognizable and identifiable coins during an inflationary period. First, the mint mark above Monticello makes them easy to identify. The mint mark was prominently displayed so the US Treasury could pull the coins after the war. My theory was this backfired. Many who were burned by the gold confiscation had the same idea.

The second reason is more anticipatory. The value of the nickel is low enough to prevent counterfeit minting, while at the same time providing a means of making change in an inflationary economy. I think this is already happening as demand for war nickels is now outstripping supply.

An example would involve filling up with 10 gallons of gasoline at $3.60 per gallon (todays dollars). The silver melt value of silver quarters (todays value) would require 6.24 quarters. We can't split the quarters, but we can provide change in nickels and combinations of copper or we can pay in 6 quarters and one war nickel. Better yet, we can fill up a tank of gas (10 gallons) with $1.00 USD (20 silver nickels).

I believe there will be demand for the silver nickels in the coming years as the unit basis for a precious metal economic system. This is no different than the dollar as the unit basis for the current fiat currency system.

JMHO. YMMV.