Posted on 10/31/2020 4:32:49 PM PDT by blam
Junk silver in the form of Pre-1965 US Coinage. From top left: Silver dimes in paper 2 x 2 holders, a roll of dimes and a mixed-loose lot of half dollars, quarters, dimes and "wartime" nickels.
Silver is a commodity (like gold). Commodities do not do well against a strong US dollar index - which it is.
Maybe, maybe not.
There’s one thing that’s certain about silver - in 1964 a silver US quarter would buy you a gallon of gas. Today that same silver quarter will still buy you a gallon of gas. I expect this will continue to be the case for the foreseeable future.
Give that 90% silver quarter to the gas station attendant and demand a gallon of gas. He will laugh at you. A quarter is a quarter, regardless of its silver content.
Unfortunately my local gas/beer station doesn’t seem to take junk silver.
junk silver bookmark
nope. ammo will be the currency.
If the author is right about massive civil unreast, you could just buy silver futures in an Ameritrade or Tradestation, etc. Or short the S&P index futures.
I’m sitting on 2600 ounces that I bought some years back at a bit over $11/ounce.
Would not mind tripling my money.
I will take the things I’ve made from silver and make small sterling ingots. The made things no longer sell.
Isn’t there a shortage of coins?
“How many years are the silver pumpers going to do this?”
Amen
Back in the old days, this was called “front running” and was illegal in the securities industry.
Troy ounces, yes?
Do you have it physically with you or on paper?
I know, right?
They’ve been telling us that for 20 years.
Right now the best metals investment is in lead, copper and brass in various calibers.
I got a 1909S Barber quarter last week in change at the local pump and munch.
Worth a whole $4.
I stand corrected - a quarter is indeed just a quarter. If anyone wants to send me all of their tarnished old pre-1964 quarters and dimes I will cheerfully send you back crisp dollar bills for those exact face-value amounts. I’ll even pay postage!
My point was that prior to 1964 American coins had intrinsic value. The value of a 1964 silver quarter now is pretty much exactly what it was in 1964 - $3.50 in today’s money. A 1965 quarter made from nickel and copper is still worth 25 cents.
silver has been hanging around 23-24 for a week or two. Was up to 28-29 a few about a month ago. Sold some years ago for around 40. That is when you sell a fork or spoon or two. Will be interesting to see what happens. At $30 a roll of pre 1965 quarters is worth $217.
👍 I've heard red dots aren't too bad of an investment either.
Silver is a small market. If it can be played like a ponzu scheme, it can go to the moon.
Otherwise.....pffft
-30 yr finance career
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