Coins

[coadie]

Originally Posted by Digging4Truth

How's that?

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

Spending falls, prices deflate.

Have you studdied Samuelson?

[Praxeas]

Originally Posted by ILG

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

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

[Praxeas]

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.

[Praxeas]

Originally Posted by DividedThigh

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

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

[ILG]

Originally Posted by Praxeas

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

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.

[Praxeas]

Originally Posted by ILG

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.

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

[Digging4Truth]

Originally Posted by Praxeas

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

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.

[Sister Alvear]

Originally Posted by Stephen Hoover

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!

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

[ILG]

Originally Posted by Digging4Truth

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.

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.

[ILG]

Originally Posted by Sister Alvear

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

Before or after he finds his silver??