dannyboy602
Well-Known Member
Coins have 90% silver here in the US if they were minted before 1965
Silver! Who Is On This Train?
- Thread starter NoDrama
- Start date
Mr Neutron
Well-Known Member
Yes, I know that but that doesn't answer my question. Is that 90% .999 silver or sterling or something else? This is what I'm trying to find out. If a coin or bullion is made of something less than .999 pure silver, does it affect the price/value?
Since posting the last message, I have found some more coins here that are of .720 silver. Just want to know if these are priced accordingly to their actual silver content, are they a good buy?
BTW, I'm not in the US.
DelSlow
Well-Known Member
I think the .### refers to the % of silver in the coin? Like .999=99.9%, or .9=90%, or .720=72%. I could be wrong, I am most of the time
PeachOibleBoiblePeach#1
Well-Known Member
It's the weight of pure silver, You pay below market price in order to sell.....UNLESS It" a nuministic coin,,,than still the market's rule...and in the end it's cool to look at . I just forget my stuff and look back and am amazied how it looks''''valuable...
DelSlow
Well-Known Member
Yeah, sterling is 92.5% silver. Not bad at all.
Sorry dude, when only .02% of investable assets are used to Purchase silver tells me we aint in a mania, far far far far far from it.
Those old mexican Silver Peso coins are just as valuable, they contain real silver. I own quite a few of the 1944 cinco peso coins. Any decent dealer will buy them at market value of the silver contained in them.
Dirty Harry
Well-Known Member
From the site I use, I see silver is in the $40's again.
I think I am going to take my 9 troy ounces of .999 to the local coin/metal collector and see what he offers. I bought 10 troy ounce rounds on a whim about 15 years ago. I think silver was in the $3.00 range plus shipping.
Money is very tight and I forgot about them until seeing this thread. Last winter I dropped one of them in the Salvation Army kettle thinking they could get maybe $15-$20 out of it.
I think I am going to take my 9 troy ounces of .999 to the local coin/metal collector and see what he offers. I bought 10 troy ounce rounds on a whim about 15 years ago. I think silver was in the $3.00 range plus shipping.
Money is very tight and I forgot about them until seeing this thread. Last winter I dropped one of them in the Salvation Army kettle thinking they could get maybe $15-$20 out of it.
Mr Neutron
Well-Known Member
Thanks ND. I knew you would understand.
I wish I had kept all the American silver coins that I sold prior to moving here.
gold is the hedge against a bad economy.
people buy gold when the going gets rough.
Does the economy look better to you in the short term?
Does the world economy look like it is getting better in the near future?
Might need/want to rethink shorting gold stocks
people buy gold when the going gets rough.
Does the economy look better to you in the short term?
Does the world economy look like it is getting better in the near future?
Might need/want to rethink shorting gold stocks
dannyboy602
Well-Known Member
Love gold
Gold good
Silver good
Stocks baaaaad
Gold good
Silver good
Stocks baaaaad
Balzac89
Undercover Mod
Silver is a better long term investment than Gold.
Silver is a heavily used industrial metal where as Gold isn't.
For the past 70 years the yearly production of silver does not meet industrial needs. The price of silver will only increase heavily over the next 20 years.
Increasing demand from India and China will drive the prices up no matter what.
Just bought more this morning its back below 40
Silver is a heavily used industrial metal where as Gold isn't.
For the past 70 years the yearly production of silver does not meet industrial needs. The price of silver will only increase heavily over the next 20 years.
Increasing demand from India and China will drive the prices up no matter what.
Just bought more this morning its back below 40
has any country ever used silver to back their currency?
Ever hear of gold plating in industry especially in high tech jobs? NASA? Hospitals?
and as far as demand from china and India. China is home to the largest silver supply in the world, dont think they really are going to demand ours.
Ever hear of gold plating in industry especially in high tech jobs? NASA? Hospitals?
and as far as demand from china and India. China is home to the largest silver supply in the world, dont think they really are going to demand ours.
Balzac89
Undercover Mod
When demand does not meet supply they will.
Silver is used far more than gold.
Try it high
Member
70% Silver, 30% Gold is how I split metal investments.
Silvers awesome.
Gold is cool for stabilizing and counteracting inflation. But silver develops stronger (of course largely due to its multitude of industrial uses).
Silvers awesome.
Gold is cool for stabilizing and counteracting inflation. But silver develops stronger (of course largely due to its multitude of industrial uses).
http://www.goldandsilverexchange.info/investment-potential.html
Should a person wanting to preserve wealth buy gold or silver? Which one has the best investment potential or multiplier, or are other factors in the choice between the two more important? Most people I talk to want to buy silver because they say it has a greater multiplier than gold or a better investment potential. They always site the numerous big name silver advocates when they say that silver has a multiplier of 11 to l, whereas gold will only multiply at a rate of 5 to 1.
No doubt, in the natural, what they are saying has some validity, that silver will outperform gold in the long run. And when the dollar finally collapses and becomes worthless, silver and gold values will find their final resting places dictated by world-wide supply and demand. For example, using the arbitrary numbers of $10 per ounce for silver and $600 an ounce for gold, silver could easily reach $110 per ounce ($10 per ounce times 11 = $110) and gold could easily reach $3,000 ($600 per ounce times 5 = $3,000).
Besides silver having a greater multiplier or investment potential than gold, many people site the second big reason for buying silver as the much greater industrial demand for silver than for gold. No doubt that argument has some validity also, but both of these major arguments totally collapse when the dollar collapses. Why? First, when the dollar collapses and has no value, and silver reaches that hypothetical $110 per ounce, and you have a mountain of silver in your living room, who are you going to sell it to, and what kind of currency are you going to get in exchange?
Now realize, when the dollar reaches worthlessness as the German Marc did in Germany after World War II, our country will be in physical and financial chaos. People will use dollars to light fires to keep warm - - that will be about the only useful function of the dollar bill at that point. Bottom line - - there will be no currency for you to make money on your silver.
Again the second big reason for buying a ton of silver, industrial demand, with no currency, and consequently no more commerce, manufacturing will shrivel up like a grape in the scorching sun. The investment potential of silver will be useless. Long ago, with the government’s introduction of trade treaties like GATT and NAFTA, we have already sent to shipped over 90% of our manufacturing overseas or to Mexico. About the only manufacturing this country has left are the big three car manufacturers, General Motors, Ford, and Chrysler - - and all three of them are stumbling like blind men, dying of thirst in the desert, looking for a well of water.
As I have mentioned before in my paper, 90% junk silver, that is the dimes, quarters, half dollars that were minted in this country up until 1964, are essential for barter. When the dollar collapses, people are going to need small denominated silver coins to buy smaller things like a loaf of bread, a dozen eggs, or a gallon of milk, and those dimes, quarters and half dollars will be ideal for those barter situations. You can’t use your gold coins for those situations - - they are simply going to be worth too much per ounce to be practical. For example, how will people make change if you give them a half ounce gold coin worth $1,500 to buy a loaf of bread that costs $10? It just won’t work.
My basic recommendation is that people buy up to a half bag or a full bag of 90% silver coins for barter. A full bag weighs 55 lbs, and a half bag is about 28 lbs. But silver, along with its benefits, must be purchased in moderation for it has some very obvious disadvantages: weight, bulk, volume, storage, and portability. In the days that are soon to be upon us, we will be faced with financial and physical calamity that we have never experienced as a country or as a people.
First, where are you going to store or hide hundreds of pounds of silver so a robber won’t find it if he breaks into your home? And in the midst of the imminent financial chaos we will probably have to be mobile, and we need a practical plan to take our loved ones and our wealth with us if we have to leave quickly. None of the big name silver advocates address this problem. They think our country will never be in that kind of place, but they don’t look at history, and they don’t look at the reality of where our country and our dollar are headed.
That said, what are you going to do with literally hundreds of lbs of silver in your house if you have to leave in haste, and on foot at that? What about its investment potential then? I have talked with many people over the years who have bought into this silver investment potential, carrot-in-front-of-the-horse scenario, and they have 5 bags of silver (275 lbs), 20 bags of silver (1,100 lbs) 37 bags of silver (2,035 lbs). One man bought 44,000 ounces of silver (2,750 lbs) and had it stored in a depository 2,000 miles from where he lived. Do you think he will ever see an ounce of it when the government closes the bank doors?
On the other hand, if you have a good bit of wealth, you need to put the bulk of it into gold coins. Gold is a very compact store of value, and it is easy to store and very mobile if you have to leave quickly. As history teaches us, many Jews bought safe passage during the Holocaust to the United States or to Great Britain with a gold coin they had hidden in their clothes or on their person somewhere. Don’t be duped into getting rich by buying a mountain of silver -- you might have to leave that mountain and all its investment potential to someone else.
Should a person wanting to preserve wealth buy gold or silver? Which one has the best investment potential or multiplier, or are other factors in the choice between the two more important? Most people I talk to want to buy silver because they say it has a greater multiplier than gold or a better investment potential. They always site the numerous big name silver advocates when they say that silver has a multiplier of 11 to l, whereas gold will only multiply at a rate of 5 to 1.
No doubt, in the natural, what they are saying has some validity, that silver will outperform gold in the long run. And when the dollar finally collapses and becomes worthless, silver and gold values will find their final resting places dictated by world-wide supply and demand. For example, using the arbitrary numbers of $10 per ounce for silver and $600 an ounce for gold, silver could easily reach $110 per ounce ($10 per ounce times 11 = $110) and gold could easily reach $3,000 ($600 per ounce times 5 = $3,000).
Besides silver having a greater multiplier or investment potential than gold, many people site the second big reason for buying silver as the much greater industrial demand for silver than for gold. No doubt that argument has some validity also, but both of these major arguments totally collapse when the dollar collapses. Why? First, when the dollar collapses and has no value, and silver reaches that hypothetical $110 per ounce, and you have a mountain of silver in your living room, who are you going to sell it to, and what kind of currency are you going to get in exchange?
Now realize, when the dollar reaches worthlessness as the German Marc did in Germany after World War II, our country will be in physical and financial chaos. People will use dollars to light fires to keep warm - - that will be about the only useful function of the dollar bill at that point. Bottom line - - there will be no currency for you to make money on your silver.
Again the second big reason for buying a ton of silver, industrial demand, with no currency, and consequently no more commerce, manufacturing will shrivel up like a grape in the scorching sun. The investment potential of silver will be useless. Long ago, with the government’s introduction of trade treaties like GATT and NAFTA, we have already sent to shipped over 90% of our manufacturing overseas or to Mexico. About the only manufacturing this country has left are the big three car manufacturers, General Motors, Ford, and Chrysler - - and all three of them are stumbling like blind men, dying of thirst in the desert, looking for a well of water.
As I have mentioned before in my paper, 90% junk silver, that is the dimes, quarters, half dollars that were minted in this country up until 1964, are essential for barter. When the dollar collapses, people are going to need small denominated silver coins to buy smaller things like a loaf of bread, a dozen eggs, or a gallon of milk, and those dimes, quarters and half dollars will be ideal for those barter situations. You can’t use your gold coins for those situations - - they are simply going to be worth too much per ounce to be practical. For example, how will people make change if you give them a half ounce gold coin worth $1,500 to buy a loaf of bread that costs $10? It just won’t work.
My basic recommendation is that people buy up to a half bag or a full bag of 90% silver coins for barter. A full bag weighs 55 lbs, and a half bag is about 28 lbs. But silver, along with its benefits, must be purchased in moderation for it has some very obvious disadvantages: weight, bulk, volume, storage, and portability. In the days that are soon to be upon us, we will be faced with financial and physical calamity that we have never experienced as a country or as a people.
First, where are you going to store or hide hundreds of pounds of silver so a robber won’t find it if he breaks into your home? And in the midst of the imminent financial chaos we will probably have to be mobile, and we need a practical plan to take our loved ones and our wealth with us if we have to leave quickly. None of the big name silver advocates address this problem. They think our country will never be in that kind of place, but they don’t look at history, and they don’t look at the reality of where our country and our dollar are headed.
That said, what are you going to do with literally hundreds of lbs of silver in your house if you have to leave in haste, and on foot at that? What about its investment potential then? I have talked with many people over the years who have bought into this silver investment potential, carrot-in-front-of-the-horse scenario, and they have 5 bags of silver (275 lbs), 20 bags of silver (1,100 lbs) 37 bags of silver (2,035 lbs). One man bought 44,000 ounces of silver (2,750 lbs) and had it stored in a depository 2,000 miles from where he lived. Do you think he will ever see an ounce of it when the government closes the bank doors?
On the other hand, if you have a good bit of wealth, you need to put the bulk of it into gold coins. Gold is a very compact store of value, and it is easy to store and very mobile if you have to leave quickly. As history teaches us, many Jews bought safe passage during the Holocaust to the United States or to Great Britain with a gold coin they had hidden in their clothes or on their person somewhere. Don’t be duped into getting rich by buying a mountain of silver -- you might have to leave that mountain and all its investment potential to someone else.