TexasCHLforum.com

I'm about to buy some myself.
Anyone interested in pooling a buy to get the deeper deal?

I stick to pre-1964 "junk" silver US coins. I have some bullion but I try to limit it.

gregthehand wrote:I stick to pre-1964 "junk" silver US coins. I have some bullion but I try to limit it.

Good places to buy the junk silver coins?

bblhd672 wrote:

gregthehand wrote:I stick to pre-1964 "junk" silver US coins. I have some bullion but I try to limit it.

Good places to buy the junk silver coins?

Other than a walk-in local trader, your best bet is probably the same places that sell the bullion. But take note that there are ZERO "deals". Remember that everyone who is selling is a speculator, and they are trying to maximize their profit, especially in uncertain times. I have both bullion and junk silver - not a ton of either, but some - and bullion has always seemed to be the better price.....at least to me. All of my bullion is in the form of 1oz "stagecoach bars" which are pre-scored into quarters, so that they can be easily reduced into lower "denominations".

But also remember that in that kind of economy, other items have high barter value too, and can be thought of in "denominations" as well - most obviously, ammunition.

Another consideration from a short-term prepping standpoint, and this is something that someone brought to my attention just a few days ago, stemming from a conversation that was originally about asset forfeiture...... In the context of that conversation, I mentioned to my friend that my wife and I always keep around $2,500-$3,500 in cash on hand at home for emergency purposes. It is securely tucked away.....out of sight, out of mind, and all that. My friend asked me what denominations it was in, and my reply was most of it is in $100 bills, with maybe $500 in $20s. He said, "so in a situation where all power is offline, there's no more refrigeration, the supermarket shelves are mostly bare, and they can't get the register open to make change, and you need to buy food for your granddaughter, that $3.29 loaf of bread just became a $20 or $100 loaf of bread.....not necessarily because the other guy was trying to screw you, but because that's the money that you had. Point being, convert a few hundred $$ of that to singles, fives, and tens.

AndyC wrote:Silver at $18.44 - seems folks are worried that Brexit is going to lead to a storm of financial uncertainty.

That means my 1oz coins that I paid $12 and change for and $13 and change for have gone up for now.

Almost $20.00 an ounce. Unbelievable.

carlson1 wrote:Almost $20.00 an ounce. Unbelievable.

It was more than double that not too many years ago, so totally believable.

Be aware commercial/institutional silver traders are currently hold the largest short position in history. At the same time the hedge in gold has barely moved.

bblhd672 wrote:

gregthehand wrote:I stick to pre-1964 "junk" silver US coins. I have some bullion but I try to limit it.

Good places to buy the junk silver coins?

I buy mine from a local guy in Spring, TX. His business is simply called "The Coin Shop".

https://www.facebook.com/The-Coin-Shop-177215665655575/

I was going down I -10 near Bingle Voss, so I bought a 2021 uncirculated Silver Eagle today. Didn’t have a 2021 yet.

It was $34. Ungraded loose US silver dollars were the same price.

Seemed previously Silver Eagles were more than generic silver dollars.

Seemed during Trump, generic silver dollars were around $17.

So that would be a 100% increase.

Interesting.

silver is up now to $24.87

$25.59 today.