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slickeast
1000+ Penny Miser Member
USA
2533 Posts |
 Posted - 01/02/2010 : 19:21:01
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Did anyone ,or did anybodies family buy boxes of 90% coins in 1964?
It would have been so easy to get 90% since it was all 90%.
What about in 1981? Did anyone buy bricks of pennies?
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You don't have to be the BEST you just have to be.......SLICK
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PreservingThePast
1000+ Penny Miser Member
USA
1572 Posts |
Posted - 01/02/2010 : 19:23:25
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No and No.
Unfortunately, no one in my family had the means to do so in 1964 and in 1981 no one was as in tune to the world of coins as we should have been. Hanging my head in shame... |
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Corsair
Penny Hoarding Member
811 Posts |
Posted - 01/02/2010 : 19:28:33
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quote:
Originally posted by slickeast
Did anyone ,or did anybodies family buy boxes of 90% coins in 1964?
It would have been so easy to get 90% since it was all 90%.
What about in 1981? Did anyone buy bricks of pennies?
I think it was Country that said he bought some pennies in late 1981. Not sure though. |
So long, Realcent 1. Come visit us at Realcent.org! |
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giddyup99
Penny Pincher Member
USA
154 Posts |
Posted - 01/02/2010 : 19:53:13
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Wow..that would have been sweet! Couple $500 bricks of quarters would be nice to look at right now.
I wasn't around at the time, doubt I would have had the foresight to put any away, however.
My grandpa put a bunch of coins away, but nothing like full bricks; unless he is holding out on me. I told him of my collecting silver and copper coins and he let me sift through all his hoard a few months ago. He had about $100 in Morgans and Peace dollars and about $200 face in other 90% coinage. Nothing significant numismatically speaking. Wouldn't be surprised if he did have more stashed away in his house, he hoards everything else. |
Experience is what you get when you don't get what you want. |
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fb101
Administrator
USA
2856 Posts |
Posted - 01/02/2010 : 20:05:48
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I picked up a mint sewn bag of pennies in '78.
No big deal at the time though, so after sorting for errors, I let it all go back. |
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Country
1000+ Penny Miser Member
USA
3121 Posts |
Posted - 01/02/2010 : 21:08:03
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I got a large stack of coppers in 1980 (some were BU bags sealed by the US Mint and stamped 1980 on the canvas) when I heard that the zincs were going to replace them. In those days, you got mint sealed bags of coppers or got CWR/bank paper rolls from the bank. No need to search for coppers - 100% were coppers. Most of these are still in their original paper rolls or canvas bags and have never been searched.
I was in High School in 1964. I didn't have any money at that time since my Mom was raising the family on her teacher's salary after my father died a few years earlier. Money was scarce at that time for me. |
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The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
– Theodore Roosevelt
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 01/02/2010 : 22:08:45
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| nope did not have the cash then for all that silver did not think copper cent would be worth anything back then |
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Ember
Penny Sorter Member
USA
27 Posts |
Posted - 01/03/2010 : 01:04:36
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| I was born '81 so can't say that I did :P But neither did my parents. My grandfather had a rather large collection, but after he passed away, my uncle stole most everything of value and most likely pawned it off. |
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Hirbonzig
Penny Collector Member
USA
451 Posts |
Posted - 01/03/2010 : 04:11:58
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After talking to some family members, back in 1964 they saved a few coins and needed the rest to put in the bank and pay bills. I started going to the bank to get rolls of cents in 1979. I remember trying to balance 2 bags hanging over my handlebars of my bike. I was only looking for the Wheat cents and took the rest back to the bank. I did this only for a couple years untill I found another way to spend my cash--girlfriends!
Looking back, I never thought of saving copper cents at the time. Like my parents in 1964--I spent the money rather than socking it away. |
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knibloe
1000+ Penny Miser Member
USA
1066 Posts |
Posted - 01/03/2010 : 06:59:11
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| My in laws went around buying silver dollars. They had quite a few until one of the kids took them and spent themover a couple of months time. By the time they realized it, she had taken and spent most of them |
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n/a
deleted
478 Posts |
Posted - 01/03/2010 : 08:39:38
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Buying a $500 box of silver coins in 1964 would have been a HORRIBLE investment. $500 invested in Exxon in 1970 (the farthest back my stock calculator will go) would be worth $14,869 today. That would buy you a one thousand dollar face bag of 90% (715 oz of silver for $12,505) from APMEX leaving you enough left over to take a real nice vacation.
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ME CO
Penny Pincher Member
USA
199 Posts |
Posted - 01/03/2010 : 14:02:45
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| Old man in the coin club said they bought and searched half dollars in the 50's and 60's (in his words "When you could actually find something"), said they just kept the barbers and threw the rest back. My guess is he's got alot of Barbers. HH Mark |
"54/54/2280" |
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AGgressive Metal
Administrator
USA
1937 Posts |
Posted - 01/03/2010 : 14:12:21
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quote:
Originally posted by CuproNickle
Buying a $500 box of silver coins in 1964 would have been a HORRIBLE investment. $500 invested in Exxon in 1970 (the farthest back my stock calculator will go) would be worth $14,869 today. That would buy you a one thousand dollar face bag of 90% (715 oz of silver for $12,505) from APMEX leaving you enough left over to take a real nice vacation.
Well, horrible compared to stocks, but not horrible compared to a savings account or Treasuries - $500 at 5% for 40 years is only $3,520. The silver would be worth $6,250 at 12.5x face and you'd probably find a couple nice dates to boot. So its only bad if you have high risk-tolerance. |
And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world.
-Caxton's edition of Aesop's Fables, 1484 |
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slickeast
1000+ Penny Miser Member
USA
2533 Posts |
Posted - 01/03/2010 : 14:39:00
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quote:
Originally posted by CuproNickle
Buying a $500 box of silver coins in 1964 would have been a HORRIBLE investment. $500 invested in Exxon in 1970 (the farthest back my stock calculator will go) would be worth $14,869 today. That would buy you a one thousand dollar face bag of 90% (715 oz of silver for $12,505) from APMEX leaving you enough left over to take a real nice vacation.
What about GM or Dodge? I am sure that you could have bought a bunch of different stocks and lost your shirt. |
You don't have to be the BEST you just have to be.......SLICK
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 01/03/2010 : 14:45:24
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| At one time prior to 1982 I had about $750 of all copper boxed cents but a brother of mine stole them. Don't get me started about it since he has mental problems. |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
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Common Cents
Penny Sorter Member
82 Posts |
Posted - 01/03/2010 : 15:59:16
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| If you sold your 90% when silver hit $50 during the Hunt Brothers' gambit, after acquiring it at face value, I reckon that you would have made about a 4000% profit. Not too shabby. |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 01/03/2010 : 18:05:23
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quote:
Originally posted by Common Cents
If you sold your 90% when silver hit $50 during the Hunt Brothers' gambit, after acquiring it at face value, I reckon that you would have made about a 4000% profit. Not too shabby.
That was the problem, selling when it hit its peak. Back then few of us knew about what the Hunt brothers were up too. Remember there wasn't an Internet back then and information came to you slowly if at all. Many of us were told via newsletters that the dollar was soon to be history and were afraid to sell at the peak. At least all of our 90%. |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
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n/a
deleted
478 Posts |
Posted - 01/03/2010 : 18:51:56
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quote:
Originally posted by CuproNickle
Buying a $500 box of silver coins in 1964 would have been a HORRIBLE investment. $500 invested in Exxon in 1970 (the farthest back my stock calculator will go) would be worth $14,869 today. That would buy you a one thousand dollar face bag of 90% (715 oz of silver for $12,505) from APMEX leaving you enough left over to take a real nice vacation.
I only picked Exxon as it was a stable stock that defied the ups and downs of the market over TIME. There were many stock that destroyed Exxon over the same time period, like Microsoft from 1975 to present. What would $500 invested in Microsoft be worth today? My point is that Silver has been a DOG since 1964 with one exception...the Hunt Brothers in the early 80's. This time it may be different BUT the whole One World currency thing is gaining steam. Have a balanced portfolio is all I'm saying. |
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n/a
deleted
478 Posts |
Posted - 01/03/2010 : 18:56:40
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quote:
Originally posted by Common Cents
If you sold your 90% when silver hit $50 during the Hunt Brothers' gambit, after acquiring it at face value, I reckon that you would have made about a 4000% profit. Not too shabby.
Yes...and how many people did that? There are many stocks that have gained 4000% over a shorter time period...........IF you SOLD at the PEAK. Too bad that most buy HIGH and sell LOW. Same with Silver. I'm willing to bet that 75% or more of the people on this forum did NOT purchase ANY silver when it was UNDER $5.00 an ounce. |
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slickeast
1000+ Penny Miser Member
USA
2533 Posts |
Posted - 01/03/2010 : 19:21:18
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quote:
Originally posted by CuproNickle
quote:
Originally posted by CuproNickle
Buying a $500 box of silver coins in 1964 would have been a HORRIBLE investment. $500 invested in Exxon in 1970 (the farthest back my stock calculator will go) would be worth $14,869 today. That would buy you a one thousand dollar face bag of 90% (715 oz of silver for $12,505) from APMEX leaving you enough left over to take a real nice vacation.
I only picked Exxon as it was a stable stock that defied the ups and downs of the market over TIME. There were many stock that destroyed Exxon over the same time period, like Microsoft from 1975 to present. What would $500 invested in Microsoft be worth today? My point is that Silver has been a DOG since 1964 with one exception...the Hunt Brothers in the early 80's. This time it may be different BUT the whole One World currency thing is gaining steam. Have a balanced portfolio is all I'm saying.
I have my assets in many different areas. PM's, 401K , and other areas. Some are stronger than others, but I would never put all my eggs in one basket. |
You don't have to be the BEST you just have to be.......SLICK
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Common Cents
Penny Sorter Member
82 Posts |
Posted - 01/04/2010 : 09:07:52
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quote:
Originally posted by Ardent Listener
quote:
Originally posted by Common Cents
If you sold your 90% when silver hit $50 during the Hunt Brothers' gambit, after acquiring it at face value, I reckon that you would have made about a 4000% profit. Not too shabby.
That was the problem, selling when it hit its peak. Back then few of us knew about what the Hunt brothers were up too. Remember there wasn't an Internet back then and information came to you slowly if at all. Many of us were told via newsletters that the dollar was soon to be history and were afraid to sell at the peak. At least all of our 90%.
My intent wasn't to second guess people for not selling at the peak. Instead I wanted to refute the notion that another poster made that investing $500 in a box of quarters was a 'horrible' investment. Even if you missed the absolute peak and settled for 30 X face value for your 90%, you still would have earned about a 3000% return over a span of about 14 years. Again, not too shabby. |
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JobIII
1000+ Penny Miser Member
USA
1507 Posts |
Posted - 01/04/2010 : 16:36:52
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I often wondered what it would have been like to buy silver coins at fv in the 70's but there were recessions leading up to now, so I probably would have sold it off by the 90's if not during the 80's spike.
It would be amazing to actually witness a seemingly worthless item spike in value during your life and be able to make a profit on it...but that's what speculation is. |
Selling Copper cents. $0 FV available at 1.4xFV. Also interested in trading for wheat pennies and other coins Please pm me for requests or inquiries.
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Nickelmeister
Penny Hoarding Member
Canada
588 Posts |
Posted - 01/04/2010 : 16:46:44
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quote:
Originally posted by JobIII
I often wondered what it would have been like to buy silver coins at fv in the 70's but there were recessions leading up to now, so I probably would have sold it off by the 90's if not during the 80's spike.
It would be amazing to actually witness a seemingly worthless item spike in value during your life and be able to make a profit on it...but that's what speculation is.
Isn't that exactly why you hoard pennies!?! |
www.WinnipegGoldBuyer.com
Standing offer for sale of quality, second-hand solid gold jewellery:
<$100 USD worth - spot +25%, plus actual shipping
$101-500 worth - spot +20%, plus actual shipping
$501-1,000 worth - spot +15%, plus actual shipping
$1,001+ worth - spot +10%, plus actual shipping |
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dougefresh
Penny Sorter Member
34 Posts |
Posted - 01/04/2010 : 19:54:36
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I was just a kid in the late sixties. My middle brother was a little older. We used to save our weekly allowance money and our odd job money and then buy silver out of my Dad's change when he came home from work. We would mail order the ones we couldn't find when we could save up a dollar or two. As all kids do, we moved on to other interests. I was only somewhat aware of the Hunt situation and silver prices in 1980, so I did not really get tempted to sell.
Sometimes people will say to someone they want to label as really cheap, "Oh he still has the first dollar he ever made". I guess its true with me. That brother is gone now, so that little modest part of my collection means a lot to me now. Happily, I have added to it nicely since. I have been stacking copper pennies a little lately and am would like to put any new money in silver/gold stocks. |
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thogey
1000+ Penny Miser Member
USA
1617 Posts |
Posted - 01/04/2010 : 20:31:43
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I knew a guy who did just that.
I have a landscape maintenance business and had been working for an elderly couple for several years. I would also do favors for them. At the time, the man was 95 and about 6 months from receiving his eternal reward. The woman was 86.
She said to me "could you pick that bucket up off the back porch and put it in my car?"
Of course I will. The 5 gallon steel bucket was heavy I could barely lift it.
I said jokingly what the hell's in this 'gold'? The man laughed and said "open it".
The bucket was packed with 90% silver US coins. Then the woman said, "do you think I have to roll those before I bring them to the bank?"
I don't think at95, the husband had any idea why he saved those coins.
Long story short: I educated them. Did not load the bucket and immediatley told their daughter and son-in-law ,who are also of retirement age what they had, in a paint bucket, on the back porch. |
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Edited by - thogey on 01/04/2010 21:07:42 |
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thogey
1000+ Penny Miser Member
USA
1617 Posts |
Posted - 01/04/2010 : 20:39:06
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| You also have to remember, in the 50's and 60's coins were real money. You could take a quarter go the market and feed yourself. They weren't like .25 in 2010 money. People generally could not afford to "hoard coin". We are in a unique situation with the copper pennies in circulation today. The situation won't last |
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1964 Coin buying
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