Not only what he said but it is also the most recognized, purchased, and traded, silver coin in the world. If not piece of silver. All that comes backed with a “guarantee” of sorts that the government is preventing counterfeit coins.
When the shit hits the fan and we are trading silver American minted silver is simply the most trustworthy, especially, in America by Americans. It is recognized by everyone. Only problem is the premium on them now. It’s roughly $10.
Another factor is silver value. If silver becomes worth say, for fun, $500 an oz. It will be allot easier to barter with trusted American coins worth $500 than say a 10oz bar worth $5k.
They are legal tender backed by the government as long as it stands but it would obviously be foolish to spend an oz of silver as $1 or an oz of gold as $50.
There was once a country, I don’t recall, that put a large face on their gold coins and the value of gold dipped below the face value so people traded them in and it cost the government some money. This is why the low denominations. FYI.
Fact, though the premium is also very high on those at the moment. It’s like $23-28 for $1 face/.715oz. Silver is about $24 an oz now. Honestly, it does not look like it will get much cheaper any time soon. Is a 1/4oz tax on your silver holding worth the recognizability, idk. Depends on how the stars decide to line up I guess.
Not only what he said but it is also the most recognized, purchased, and traded, silver coin in the world. If not piece of silver. All that comes backed with a “guarantee” of sorts that the government is preventing counterfeit coins.
When the shit hits the fan and we are trading silver American minted silver is simply the most trustworthy, especially, in America by Americans. It is recognized by everyone. Only problem is the premium on them now. It’s roughly $10.
Another factor is silver value. If silver becomes worth say, for fun, $500 an oz. It will be allot easier to barter with trusted American coins worth $500 than say a 10oz bar worth $5k.
Which I also heard in those coin ads on Fox News. "Each coin is legal tender!"
They are legal tender backed by the government as long as it stands but it would obviously be foolish to spend an oz of silver as $1 or an oz of gold as $50.
There was once a country, I don’t recall, that put a large face on their gold coins and the value of gold dipped below the face value so people traded them in and it cost the government some money. This is why the low denominations. FYI.
1964 and earlier silver coinage,is much cheeper and still legal us currency. And you can buy it in much smaller denominations.
Fact, though the premium is also very high on those at the moment. It’s like $23-28 for $1 face/.715oz. Silver is about $24 an oz now. Honestly, it does not look like it will get much cheaper any time soon. Is a 1/4oz tax on your silver holding worth the recognizability, idk. Depends on how the stars decide to line up I guess.