Coins
 

Given the state of the economy, many are collecting coins. I have read:

Pennies pre-1982 have a melt value twice that of the face value.

Dimes pre-1964 have a mely value of a dollar.

Nickels have a melt value of about 7 cents.

I have read we should collect all quarters and dimes pre-1968. How much melt value do they have?

Anyone have any tips here?

Re: Coins
 

I think all post 64 coins are not pure. Nickels, pennies, dimes are mostly zing.

You've be better off buying silver coins. Their value is mostly dependent on the quality of the mint that remains over time. Coins that are uncirculated or proof are worth more.

Re: Coins
 

The new silver eagles and maple leafs are like 99.9% pure. The older coins aren't nearly that level.

Re: Coins
 

When buying silver, that may be true, but if you find those dimes and quarters in your pocket, you should certainly keep them. I have read only in one place that pre-1968 dimes and quarters should be saved. Everywhere else it says pre-1964.

Re: Coins
 

When talking about saving silver in the case of a dollar collapse, melt value is all that is needed. If you are talking about buying and selling for collectable's then, yes, uncirculated are worth more. I'm mostly talking about "junk" coins at present for melt value. But, any tips are interesting. :)

As far as pennies, it's pre-1982:

http://financeandinvestments.blogspo...2-pennies.html

Re: Coins
 

Ah, here's what I was looking for:

http://www.coinflation.com/

Re: Coins
 

i have a jar full of old coins. i know of some '23 and '26 silver dollars.

have not looked into any value at this point just have a jar full of them

Re: Coins
 

Well, I work a cash register at work and I thought I should be looking instead of just throwing everything in the drawer!! My husband used to do this when he worked for a convenience store. I'm sure he took in ALOT more change there. (I work in a library and we just do fines.)

Re: Coins
 

I have several hundred dollars in silver dollars hid in an old army box somewhere. I have not seen them in about ten years - can't remember where I hid them!

Re: Coins
 

I think they are much more scarce than they used to be!! I found a silver dime at work the other day, whcih got me to thinking about this.

Re: Coins
 

64 and before dimes , quarters, and half dollars are 90 percent silver, with silver at 13 bucks an ounce they are worth roughly 10 times, depends on the dealer, silver and gold are good things to collect, anytime, i have thousands of pennies, love it, dt

Re: Coins
 

Yes, I read that silver dime I picked up is worth almost a dollar at melt value. That's a pretty good profit margin!!

What sort of pennies are you collecting?

Re: Coins
 

Anyone know about gold testers? I am thinking about buying an M24 Mizar for garage saling this summer.....and training myself to see it.

Re: Coins
 

I sure couldn't retire but I do have 3 sets of State Quarters.:ursofunny

Add a few blue folders of pennies or whatever from my hubbies youth;And a handful of foreign coins that we just keep...

I suppose I should check it all out.....maybe a few coins are worth over face value. (hidden in an old hardside briefcase____but not buried :lol)

Re: Coins
 

:ursofunny

Re: Coins
 

As has been said... Dimes, Quarters, half dollars & dollar coins 1964 and before are 90% silver.

Silver eagles are 99.9% pure. I just got four in the mail today.

Nickels are not silver except for the years 1942-1945.

The current selling price for 90% silver coins (Pre 1965) is 12-15 times their face value.

A good deal on 99.9% pure US coins (Silver eagles) is 17-20 times face value.

Re: Coins
 

It's always good to say again!! :thumbsup

What do you think about the dollar? Do you think it will eventually collapse (regardless of the stock market and all the other economy stuff..)?

Re: Coins
 

This thread made me think of the book I just finished reading. The other day I stumbled across an old paperback mystery novel that I have no idea when or how I got.

It was titled "Loose Coins". The main characters were into coin collecting and one owned a coin shop in Memphis. It was a very entertaining book with very good development of the characters. It also sparked an old interest I had in coin collecting.

When I finished the book yesterday I did internet research on the authors (it had two strangely enough) to see if there were sequals to it (It had been written around 1998). Sadly I discovered that one of the authors died two years ago at the age of 81 and though he was a prolific science fiction writer this was the only mystery novel he had penned and there are no sequals. The co-authors had not written near as much and I don't see sequals from him either. Arghhh.

My mom had a boatload of silver dollars from the 1800's but a few years ago most of them somehow were lost. I have a few somewhere.

Re: Coins
 

Yes ma'am... I certainly do.

Re: Coins
 

I did a search on Joe L. Hensley. Most of what he wrote looks like mysteries and not science fiction. There are a number of them. I can get them for you if you are interested.

I found two more books by a Guy M. Townsend: To Prove a Villain and Rex Stout: an annotated primary and secondary bibliography (edited by Guy M. Townsend).

I did not find a sequel to Loose Coins.

Re: Coins
 

I am a newly self-taught economic student. I am definately coming to this conclusion. I always "felt" it but so many people say it's just conspiratorial. But, reading the facts makes me think it is anything but.

Re: Coins
 

i collect wheat pennies, any of them, which are copper, mostly, but some are rare, i have a 1911s wheat that is worth a bunch, and also my fave a 1858 dime, primo, dt

Re: Coins
 

I hardly ever see wheat pennies anymore. I remember when they were common. I guess I am going to start saving pre-1982 pennies for copper content.

Re: Coins
 

Yes ma'am... and you are not alone.

This is a growing trend.

Re: Coins
 

well have fun with it, i do, look at them , never know what you will find, keep lookin, dt

Re: Coins
 

If we all totally stopped spending money/currency of all forms that is incirculation, the value would rise.

Re: Coins
 

How's that?

Supply and demand drive currencies as well. Why would a sudden disappearance of all demand drive up the value?

Re: Coins
 

Hmmm...I may have to check Amazon for a cheap used copy of that Rex Sstout bibliography. I loved Rex Stout books when I was younger. I read all of the Nero Wolfe ones.

Now that this thread has been properly hijacked into a book thread here is a bit of author trivia. As a teen I loved Andre Norton science fiction books. Then a year or two ago I found out that she was actually living in my little town outside of Nashville and had just died at the age of 91. I would have loved to have met her.

Re: Coins
 

http://www.alibris.com/booksearch?qw...*listing*title

:D

Re: Coins
 

I met Wilson Rawls from Where the Red Fern Grows. I have an autographed copy.

Phillips curves
 

Spending falls, prices deflate.

Have you studdied Samuelson?

Re: Coins
 

Might as well just buy silver now though. Good luck finding enough pennies to support you financially. The other thing is, if the economy collapses, what are you going to do? Sell the coins for worthless money? Or use the coins for barter

I think buying silver now, or gold, is a better deal

Re: Coins
 

My grandfather years ago got a block of silver by turning in silver certificates.

He used to tell me when I was a kid that if I could lift it up, without putting my hands under it, I could have it....I could not do it. I wanted to try the next year but he sold it. He sold it at about $4 an ounce when not too long later it shot up to about 14.

I remember that very clearly because our flight had canceled on us and booked us on another airline and by law they had to reimburse us. I used to beg my dad to let me buy silver. At the time I had a nice little coin collection.....my dad was blown away when two weeks later the price of silver shot up to 14 an ounce.

Re: Coins
 

You would have to have a lot to matter and nobody is going to find a bonanza of old silver coins. I think if it's a matter of security, buy silver now. If you are just into collecting coins, go for it

Re: Coins
 

LOL! I am not implying in any way that people shouldn't buy gold or silver! Not quite sure how your answer applies to what I said.

Precious metals and other metals (such as copper) will be bought at their going rate at the time when things happen. I agree buying gold and silver is a good idea.

Re: Coins
 

I didn't say you said people should not buy gold or silver.

Re: Coins
 

Silver and gold always have worth. When paper money has no worth people will always barter for something. Bartering for services always works well for the common man. But people will always barter for something.

I someone has a sufficient quantity of a commodity to sell to others they will seek a way to exchange that commodity for something of value.

It has been estimated that, in times of severe depression, one silver dollar could feed a family for a week.

Those estimates might not ever come to exact fruition but I find the problem of how I can sell this coin which holds it's own intrinsic worth preferable to the problem of having nothing of intrinsic worth.

People often ask... well... how are you going to sell those if the economy fails. Having something to sell and finding a way to sell it is a nicer problem than having nothing to sell.

Re: Coins
 

lol...Stephen...get busy looking for such a treasure...You folks need to come visit us sometime...:thumbsup

Re: Coins
 

I completely agree. Metals and precious metals will always be worth more and more in demand than a piece of paper.

Proverbs 22:3

A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.

Re: Coins
 

Before or after he finds his silver?? :D