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Cody8404
Penny Hoarding Member
USA
602 Posts |
 Posted - 10/15/2007 : 16:48:21
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I have:
10 commemorative silver dollars from the 1980’s,
10 silver commemorative silver halves from 1982,
a few silver dimes.
a box of Nickels
two boxes of pre 1982 cents.
When I can afford it I am planning on getting a few boxes of cents to just keep, not to sort.
1 silver liberty
20 one dollar liberty coppers
I have two questions:
1- What do you think of my hoard? Do you think I am too far over board?
2- Have you seen the site that sells NAU coins? Yes, I know they are not real but do you think we should get some?
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Awake, O kings of the earth! Come ye, O, come ye, with your gold and your silver, to the help of my people, to the house of the daughters of Zion, to the help of the people of the God of this Land even Jesus Christ.
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aloneibreak
Penny Hoarding Member
USA
672 Posts |
Posted - 10/15/2007 : 17:21:56
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i think it looks like a well diversified hoard which, in my opinion, is exactly what you want. i would keep adding to it as your finances allow.
i personally dont plan on getting any of the amero coins or the liberty dollars for that matter. they seem to be more of a collector/novelty item than a bullion piece and i prefer to spend my collection budgeted dollars elsewhere. if they interest you though, by all means, pick a few up.
lots of good reading on that site and the links they give also. |
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TenBears
1000+ Penny Miser Member
USA
1021 Posts |
Posted - 10/15/2007 : 18:50:32
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*****Do you think I am too far over board?*****
I don't think anyone on this forum would say that you are overboard. Nice collection. I think you would find many, including a number in this forum, with significant silver and other PM holdings -- in the hundreds if not thousands of dollars in junk silver alone. And, as you know, several in this forum have literally tons of copper pennies, and I would suspect that many have at least a few hundred dollars of copper pennies. No, you are not overboard in this group. Keep building your hoard, especially if you enjoy it. I think most of us here do. I would like to get a few of those Ron Paul Liberty coppers myself.
*****Yes, I know they are not real but do you think we should get some?*****
Regarding the Ameros, they do not make sense for bullion purposes. If you want a few for novelty/numismatic purposes, fine. One or two of each would be fun just to have. But, for those prices, you could get at least two ounces+ of junk silver for each ounce of Amero silver. Given the foregoing, junk silver seems the much better play to me. |
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pencilvanian
1000+ Penny Miser Member
USA
2209 Posts |
Posted - 10/15/2007 : 20:07:06
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1- What do you think of my hoard? Do you think I am too far over board?
I wouldn't say overboard in any way, shape or form.
Financial advisors (the ones who are worth their salt) suggest 5%to 15% in precious metals as a solid foundation for your investment portfolio.
Some on this forum have more silver, some less, but the fact you have a silver hoarde is something to be proud of since so many people don't even bother to own any silver at all or even have anything resembling a savings plan for that matter.
2- Have you seen the site that sells NAU coins? Yes, I know they are not real but do you think we should get some?
I have to say no only as my personal opinion goes.
My reason: This saturday I was at my source of silver when a gentleman came in wishing to sell some silver he had.
I stayed in the background while choosing what to buy while overhearing the customer talk to the owner of the shop.
(It is a small shop, it wasn't like I could leave the store and come back later.)
The gentleman had brought in a replica of the $100 bill produced in silver (I think it was the one with the native american chief on it) and the owner told him it was only worth its weight in silver, not one cent more.
I remembered seeing something like what the gentleman had, a silver copy of a 100 dollar bill offered for sale in a coin magazine, I think they wanted $30 or $40 for each one (it might have had a higher price tag, I can't recall)
The gentleman decided not to sell his silver and left the shop, probably a bit poorer for having overpaid for what he considered a valuable buy at the time.
The NAU prices are steep compared to what you could buy in a coin shop for either the silver or gold.
Keep an eye on that website from time to time and see if they offer any year end clearance specials or reduced priced items.
If you can get silver for not too much over spot then buy a coin or two, otherwise save your money for affordable silver.
(This applies to other blogs/forums, didn't mean to annoy anyone here with this)
Starve the Trolls, don't feed or encourage them.
Destroy the Moonbat breeding caves.
Moonbat, A winged troll. |
Edited by - pencilvanian on 10/15/2007 20:09:40 |
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just carl
Penny Hoarding Member
USA
601 Posts |
Posted - 10/22/2007 : 14:23:50
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1. Nice and Yes.
2. No and No.
Someday when you get time attempt to sell commemoratives just to see how far down in value they are from you purchase prices.
Carl |
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NAU coins should we get some?
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