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Re: Buying silver
Posted: Wed Nov 19, 2014 12:32 am
by carlson1
philip964 wrote:I only buy US coinage. Gold or Silver. Two years ago I was in a antique store and I saw a single US silver dollar for $25 In a case. I snapped it up immediately. Amazing what a couple of years can make.
Most of my silver I paid face value for. Wish I had gone into serious debt in ' 64 to get more. But who would have loaned money to a kid.
I was in a coin store a while back and a man came in with a big cloth bag of US silver dollars to sell. He bought them in India or some place over there. Got them real reasonable. The first thing the man behind the counter did was put a known silver dollar on a digital scale. Then he put the mans silver dollar on there. It was light.
He then said they were all fake. Sorry.
He then said look at the edges. When you looked carefully at the ridges at one point there was a seam where the first ridge started and the last one ended. No seams on the edges of a US silver dollar. It was perfect. No beginning or end, perfect.
Investors will pay more for US coinage as it is difficult to fake. Safer.
I'm not sure how far down metal prices will go, but any good investment plan should have 5 percent metals. But it is important to buy low sell high. (Duh) when they are saying metal buyers are fools is a good buy signal. When the adds on the radio are non stop or the news has stories about the mint can't keep up with demand , is a good sell signal.
Collectible coins are for experts. When metal prices are high, collectible coins are depressed. When metal prices are low collectible prices go higher.
This is not an easy investment and can give you a head ache trying to make sense out of all of this.
I am learning - just slowly.
Re: Buying silver
Posted: Sat Nov 22, 2014 11:17 pm
by WildBill
AndyC wrote:These arrived:
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Image ]
I might drill a hole through the copper coin and hang it on my car keychain.
1 oz .999 Fine Copper - I never thought I would see the day.
Re: Buying silver
Posted: Sun Nov 23, 2014 8:39 am
by knotquiteawake
carlson1 wrote:
This is not an easy investment and can give you a head ache trying to make sense out of all of this.
A family member gave me 7 one oz rounds of silver coins (they are legit silver bought from Dallas Gold and Silver) for watching his dog while he was out of town... Pretty much don't know what to do with them, I think in the quantity I have them they're not really any kind of amazing investment. I think at current price they're worth about $115... I'd rather use them to buy bullets or radio equipment. Pretty sure I like cash better.
Re: Buying silver
Posted: Sun Nov 23, 2014 10:17 am
by The Annoyed Man
I just bought 5 1-oz "Stagecoach Bars" this morning from Northwest Territorial Mint.
Re: Buying silver
Posted: Sun Nov 23, 2014 2:47 pm
by WildBill
AndyC wrote:Better used as bullet-cladding, IMO, but what the heck ;)
If you are interested I have some 24kt copper for sale.
Re: Buying silver
Posted: Sun Nov 23, 2014 4:17 pm
by WildBill
AndyC wrote:I only bought the copper rounds for my amusement, but now that you mention it...
Description: Lincoln Zinc Cent 1982-2014 Cent (97.5% zinc)
Face Value: $0.01
Metal Value: $0.0059737
Metal % of Face Value: 59.73%
In the past the US Mint has suggested getting rid of the penny as well as making it out of aluminum.
Re: Buying silver
Posted: Sun Nov 23, 2014 5:45 pm
by 92f-fan
surprised no one has recommended silver in this format
.45 are 1 oz
http://silverbulletbullion.com/45-acp.php" onclick="window.open(this.href);return false;
for some reason they are expensive per ounce but you can get fractional silver designed to be used as currency when the zombies attack
http://bullion.nwtmint.com/specials.php" onclick="window.open(this.href);return false;
Re: Buying silver
Posted: Sun Nov 23, 2014 7:02 pm
by LDB415
My parents saved a bunch of rolls of silver quarters and dimes in 1964 plus a few dollars and certificates. Back then gasoline was about 25 cents a gallon. Right now a silver quarter is about $2.98 silver value and gasoline here is around $2.50 so it's even better than in 64 in the gas/coin ratio. I hope to eventually divide it among my grandsons.
Re: Buying silver
Posted: Sun Nov 23, 2014 8:40 pm
by sjfcontrol
During WWII they used to make pennies out of steel.
http://en.m.wikipedia.org/wiki/1943_steel_cent" onclick="window.open(this.href);return false;
