You have small denominations,and it's recognizable by the general public. And it's very illegal to counterfeit it has the same protection as current us money.
And they don't make it anymore. I bought most of mine last year when it was cheep and avalible.
That makes some sense. In the case you actually need to barter with it its not likely to be forged and it easily verifiable at 90% without additional tests.
The illegal to counterfeit part not as convincing because in the situation where it would need to be used as tender would be a SHTF situation and the concern over illegality of counterfeits goes out the window.
So a dime is worth either 10 cents (as legal tender) or $1.88 in silver (.0723oz at $26/oz)? I don’t understand why the legal tender part makes it worth more.
Being legal tender doesn't change it's official worth. But in an environment where you are required to use legal tender, junk silver qualifies, silver rounds don't. Or a seller might be more comfortable with the former.
What value you and the seller chose to assign to a silver dime is up to you, in that the seller can, for example, reprice his item from $1.88 to one silver dime.
Whether this will be actually useful remains to be seen.
Junk is not “Constitutional” silver … ie - Coinage minted by the US govt. I know a lot of people mistakenly reference ‘junk’ as coinage. Junk is stuff like silverware, electronics components with silver.
What im seeing its about 30x face for 90%. $100 FV is $3,200 right now. That $100 FV is 71.5 oz or $44.78/oz which is $18.88 above spot. As a comparison silver rounds (0.999) are at $30 - $33 ish per oz.
What’s the advantage to junk silver vs silver rounds? For some reason the spot price for junk is crazy high.
You have small denominations,and it's recognizable by the general public. And it's very illegal to counterfeit it has the same protection as current us money.
And they don't make it anymore. I bought most of mine last year when it was cheep and avalible.
That makes some sense. In the case you actually need to barter with it its not likely to be forged and it easily verifiable at 90% without additional tests.
The illegal to counterfeit part not as convincing because in the situation where it would need to be used as tender would be a SHTF situation and the concern over illegality of counterfeits goes out the window.
In a SHTF situation, almost no one will have the resources to fake us coins. Good ones are hard to make.
Among other things, junk silver is legal tender.
So a dime is worth either 10 cents (as legal tender) or $1.88 in silver (.0723oz at $26/oz)? I don’t understand why the legal tender part makes it worth more.
Being legal tender doesn't change it's official worth. But in an environment where you are required to use legal tender, junk silver qualifies, silver rounds don't. Or a seller might be more comfortable with the former.
What value you and the seller chose to assign to a silver dime is up to you, in that the seller can, for example, reprice his item from $1.88 to one silver dime.
Whether this will be actually useful remains to be seen.
Junk is not “Constitutional” silver … ie - Coinage minted by the US govt. I know a lot of people mistakenly reference ‘junk’ as coinage. Junk is stuff like silverware, electronics components with silver.
Isn't it 10X face?
What im seeing its about 30x face for 90%. $100 FV is $3,200 right now. That $100 FV is 71.5 oz or $44.78/oz which is $18.88 above spot. As a comparison silver rounds (0.999) are at $30 - $33 ish per oz.