Author Topic: EOTW what to prepare for?  (Read 2027 times)

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Offline Victor3

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Re: EOTW what to prepare for?
« Reply #30 on: March 28, 2010, 10:32:10 PM »
We are even discussing maybe 10oz gold coins for the parents gifts this year. 

 Bilmac - You are either very generous, or you meant to say 1/10 oz coins.  ;D

 You had asked about silver. I think it's a good idea to have some for small purchases. I like the Walking Liberty 1/2 dollars and Mercury dimes. All pre-1965 dimes, quarters and halves are 90% silver + 10% copper, but the more recent Roosevelt dimes, Kennedy halves and Washington quarters are (since 1965) also made in non-silver, so not immediately recognizable as silver coins. You also may have the advantage of the 'ooh-ahh, it's an antique' factor when you pull one out and show it to someone for trading.



 You can pick up common circulated Walking Liberty halves for <$8 and Mercury dimes for <$2 now. There's a guy on ebay who auctions them in small and medium quantities and they generally go for close to that price. That's not a bad deal since melt value for a half is ~$6 and for a dime ~$1 these days.

 I stay away from most silver bullion coins/bars. They look cheesy, are sometimes counterfeited and cost near the same as real US silver coins.
"It is a capital mistake to theorize before one has data. Insensibly, one begins to twist facts to suit theories, instead of theories to suit facts."

Sherlock Holmes

Offline Victor3

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Re: EOTW what to prepare for?
« Reply #31 on: March 28, 2010, 11:12:04 PM »
BTW- Silver is useful, but not nearly as tradeable as gold. The coins landing on the table need to be recognised by somebody as being silver to have any worth other than their face value- the beauty of gold coins is, anybody can hear it is gold when it hits the table!

 Hi Don. (I musta been posting the same time you were above).  ;)

 On recognizing silver coins - I've been collecting pre-1965's out of US coinage since I was a boy. Every once in a while you'll still get a US silver quarter or dime in change (probably due to some kid raiding his parents' stash for a candy bar).

 I can jingle a handful of mixed change and tell 100% of the time if there's a sliver coin in there. I imagine if our standard clad US coins become worthless (they're nearly worthless now anyway) and people start using US silver coins for trade, everyone may develop an ear for them.

 But as you note, gold is still at the top of the heap even after 1000's of years...

2 Chronicles 9:27
The king made silver as common in Jerusalem as stones....
"It is a capital mistake to theorize before one has data. Insensibly, one begins to twist facts to suit theories, instead of theories to suit facts."

Sherlock Holmes