silver coins

Momof2kids · #1 08/31/10, 09:52 AM

people are saying now silver is going up as much as gold. What yrs should I be looking for in silver coins
thanks

Wolf mom · #2 08/31/10, 10:11 AM

If you're really interested in collecting, here's a good place to start reading & asking questions.

http://forums.collectors.com/categories.cfm?catid=26

You need to look at the sides of coins in your change, and save the old, non-sandwich coins as a basic beginning. You can buy bags of coins from the bank & go through them, too. I doubt you'll find many that way though as pickers have been picking for years. But you never know...

Here's an article about picking through pocket change:

http://coins.about.com/od/uscoins/tp/errorvarieties.htm

The last year coins were minted with 90% silver was 1964 to answer your question.

TnAndy · #3 08/31/10, 10:18 AM

http://www.youtube.com/watch?v=FSqA1...embedded#at=14

Common Tator · #4 08/31/10, 10:53 AM

There have been a number of discussions on this in the Survival & Emergency Preparedness forum. You might want to visit there.

Shadow · #5 08/31/10, 10:59 AM

From 1964 back dimes, quarters, half dollars and dollars were 90% silver. Forget finding them in your pocket change or bags of coins from the bank. Waste of time. I know some people do find a few but in the long run there is a much better use of your time. David

TnAndy · #6 08/31/10, 11:07 AM

http://www.coinflation.com/

texican · #7 08/31/10, 12:26 PM

It's not really a good time to be investing/hoarding silver or gold... unless you believe both are going to keep going up. Realize, that you're not investing anything... gold and silver won't magically grow into more gold and silver. What your doing is protecting yourself from inflation. Gold and silver are still worth the same they always were... it's the fiat currency that's lost it's value.

Visit the S&EP subforum... a whole monster sticky thread on gold and silver.

Much wiser, in most S&EP'ers minds to get your real goods (stuff you know your going to need next week, next month, next year... Now!) while the price is lower. If the dreadful SHTF or TEOTWAWKI occurs, gold and silver will have value down the road, if you survive the intervening years... during THAT time, stored food and supplies will be worth more than any silver or gold.

If I have two years worth of food stored, and you have a bag of silver or gold, who do you think is going to fare better? I like silver And gold... but I like to eat a lot more often than I do fondling precious metals.

TnAndy · #8 08/31/10, 01:05 PM

Quote:

Originally Posted by texican

I like silver And gold... but I like to eat a lot more often than I do fondling precious metals.

Exactly everything he said, and especially that last part.

Buying silver/gold is for when you are totally debt free, and have plenty of everything else squirreled away. I'll take a physical coin over a paper promise like a CD or a stock certificate any time, but don't miss the first part of the plan.

pancho · #9 08/31/10, 02:50 PM

Silver and gold can be used anytime. You can decide to sell it next week, next month, or next year. Most of the time you can make a profit on it. A sack of beans might be alright but there are really not many times you can sell them when you need a little extra cash.

Gercarson · #10 08/31/10, 02:57 PM

Quote:

Originally Posted by TnAndy

Exactly everything he said, and especially that last part.

Buying silver/gold is for when you are totally debt free, and have plenty of everything else squirreled away. I'll take a physical coin over a paper promise like a CD or a stock certificate any time, but don't miss the first part of the plan.

Ditto!
There will be a time when you CAN buy gold or silver with a sack of beans.