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n/a
deleted
478 Posts |
 Posted - 01/22/2008 : 17:01:22
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I'm thinking 90% bullion grade peace dollars would be the best way to go? Plan on buying them with my $800 Emergency Stimulus Check from the Guv. Convince me why I'm wrong. Thanks.
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 01/22/2008 : 17:42:27
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I say go for it, but of course I'm a big fan of 90%. Do some shopping around first. Hopefully by the time the check actually arrives, Au and Ag are a little lower. Heard May or June at earliest....
Deal |
Live free or die.
Plain and simple.
"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your council or your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen."
- Samuel Adams |
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
Posted - 01/23/2008 : 08:26:43
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90% silver dollars have always been the most popular to hoard and thus carry a premium over other 90% coins. It is hard to beat the feel of a silver dollar in your hand and I doubt the premium will ever shrink, so I say go for it if that is what you like.
Personally, I have always been partial to the walking liberty half, but that is only because I like the way it looks not because I think it will gain any faster than other 90% coins...
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starwarsgeek171
Penny Hoarding Member
USA
651 Posts |
 Posted - 01/23/2008 : 10:40:07
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I must still insist that a majority of people will not understand/trust the silver content of older 90% coins. I really feel strongly about .999 American Silver Eagles. No arguments regarding weight or purity when trading for goods. Also, if selling in good times, no negotiating regarding prices paid (spot silver...period).
If TSHTF, there will be NO premiums given to older silver coins. Want to buy those supplies you need from me? You say that's a rare C.C. silver dollar you've got there? I'll give you 16.23 for it. |
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n/a
deleted
192 Posts |
Posted - 01/23/2008 : 12:34:45
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I think 90% is a great thing to buy and hold.
I recently sorted all of mine and I sold / traded in all the stuff that looks like circulating currency and bought / traded for the stuff that does NOT look like circulating currency.
I sold:
Roosevelt Dimes
Washington Quarters
Kennedy Half Dollars
I bought as replacement for these:
Mercury Dimes
Franklin Half Dollars
Walking Liberty Half Dollars
Walking Liberty Dollars
Morgan and Peace Dollars
Now my entire stash of 90% is made up of stuff that does NOT look at all like the coins that most of us grew up with.
I agree with Horgad that Half dollars are great.
When I hold a 90% silver half dollar (walking liberty or Franklin, Not Kennedy) I feel the heft of precious metal in the palm of my hand.
These half dollars sell at the same price as the dimes and quarters, while the full dollar coins cost more than that.
So in the case of half dollars, you get both, the good price and the hefty feel of a large heavy coin that can't be mistaken for clad coins.
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The market can stay irrational longer than you can stay solvent.
John Maynard Keynes,
English economist (1883 - 1946)
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starwarsgeek171
Penny Hoarding Member
USA
651 Posts |
Posted - 01/23/2008 : 17:45:27
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I know I'm opinionated, but I feel like I just need to make one more point. Many people will not appreciate the look of old silver coinage (worn, obviously cleaned or dirty-looking, scratched-up). I've sold off most of mine [(because it was ugly) the only coins with "character" that I appreciate are pennies - each one so unique]. I'm not saying that in a WTSHTF scenario you'll be bartering with me, but I wouldn't take the old 90% silver. However, I'm sure as far as melt value is concerned (and finding great bargains), they're a fine investment as long as times stay "normal" for many years to come, as I hope they do. As far as getting the feel for a silver coin, I keep a few Silver American Eagles loose for my kids and me to touch/handle. I also bring these beautiful modern coins to school to spark interest in coins and PMs, as well as using them to discuss weights and measurements, decimal calculations, etc.; the kids love them!
There is nothing quite like the feel of a large silver coin in your hand, we just happen to disagree on what form that silver coin takes.
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 01/23/2008 : 18:01:03
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I'm partial to the dollars and halves as well. The Franklin's have to be my favourite half. A full tube of Morgan's feels nice in the hand. I think the recognition of the coin would help if worse came to worse. I think counterfeiting would be rampant, and there would be a surplus of fake bars and rounds. The 90% would be recognized as people would quickly learn the years and the content of those years. Just my opinion.
Deal |
Live free or die.
Plain and simple.
"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your council or your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen."
- Samuel Adams |
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n/a
deleted
192 Posts |
Posted - 01/24/2008 : 00:17:31
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The counterfieting of 999 silver rounds is already happening.
I have some cheap knock offs that look like American Eagles in every way, but they are cheaply made.
I can't tell whether they have the right silver content or not, but they are about the right size and weight, so they are PROBABLY silver, just like they say they are.
But they are clearly made by someone else.
They are cheaply made.
They have rough edges, and a general feel of being fake.
I'm not sure what to do with them so I'm keeping them.
The issue of counterfieting is a BIG Deal.
I love to complain about the present system, the Fed Bank, the govMint, etc.
But when push comes to shove, they guarantee that their money will be acceptable and flow effortlessly through the economy.
When and if their system breaks down and we are forced to guarantee our own money, we will look back at this period as having been not so bad after all.
So--
I most certainly do NOT welcome the prospect of the S--t hitting the fan.
The fact that I prepare myself for the posssibility does NOT mean that I welcome its arrival.
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The market can stay irrational longer than you can stay solvent.
John Maynard Keynes,
English economist (1883 - 1946)
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tmaring
Penny Collector Member
USA
302 Posts |
Posted - 01/24/2008 : 08:43:00
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| Couterfeiting is indeed a problem. That's one reason why circulated common Peace/Morgans are the foundation of a good hoard. Nobody counterfeits commons! And if they do... they make them look shiny new. The fake eagles may be off metal... which is the purpose of faking them. If they look right, the final check is to flp the coin in the air to hear the ring. Real silver has a bright airy ring. This is the traditional method of checking by the way... and the origin of the phrase "ring true"! I don't particularly care for bars, it's possible to mesure the density of the coin/bar, but it's a pain, comparing weight against volume. I did this with a bar marked SILVER .999 once, and got a value of 7.7 g/cc (Silver should be around 11) I THOUGHT the bar felt a bit light and off color. It was zinc! To confirm I put it under a press and gave it about forty tons and the bar split into pieces. (silver would have just spread and flattened out, zinc is somewhat brittle at room temperature). Fortunately I had not yet paid for it, but it's clear that the substitution of zinc for silver is still alive and well. There are tales in the Ozark hills of guys knocking out silver coins using real silver from their own mines (the Yocum dollar, the Sprinkle dollar, the Bear Hollow dollar) but... there IS NO SILVER in the Ozarks. There are some showings of zinc ore however, certainly enough to smelt some and knock out a few coins. Molten zinc will readily dissolve real silver, and thereby gain a modicum of color and ring. There are references to "Ozark Silver" as a term for zinc. It's possible that people didn't actually realize it was a different metal, or it may have been a scam from the beginning... hard to tell. |
Tom Maringer
Shire Post Mint
Springdale, Arkansas |
Edited by - tmaring on 01/24/2008 08:44:11 |
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Nickelless
Administrator
USA
5580 Posts |
Posted - 01/25/2008 : 00:20:56
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Not sure why, but I seem to have developed almost an obsession with pre-'64 Roosevelt dimes. I just haven't found the same allure in quarters, halves or silver dollars. Like I said in another thread, I've been serious about PM for less than six months, but fully half the $1,000 or so metal value I have in silver so far is Roosevelts.
Of course, I'll buy any bargain-price silver coins I can find. I just paid $145 for 200 war nickels I won on eBay--about one-fourth below melt value. |
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Edited by - Nickelless on 01/25/2008 00:25:42 |
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starwarsgeek171
Penny Hoarding Member
USA
651 Posts |
Posted - 01/25/2008 : 08:42:10
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| Nickelless, I'm with you! The ONLY older coinage that I appreciate are the Roosevelt dimes (usually the cleaner ones in MS condition for a double play). It seems as though you can get great deals on these, and they would make great denominations for future trade/change, etc. Plus there's the Uncle Scrooge factor...all those dimes to swim in! |
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fiatboy
Administrator
912 Posts |
Posted - 01/25/2008 : 09:38:23
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| I'm a fan of the old Roosevelts, too. They're my new favorite coin to hunt. |
"Bart, it's not about how many stocks you have, it's about how much copper wire you can get out of the building." --- Homer Simpson |
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90% Which Denomination??
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