Don’t buy paper metals. If you don’t hold it in your hand you don’t own it.
Silver Eagles and Canadian Leafs are typically seen as premium coins. People know them well and I don’t think there’s any reports of fake or low quality coins coming from them. Other governments offer coins and of course anybody can make and sell one, but they have lesser reputations.
Bars are heavier, and their higher value makes them a little more difficult to use. They stack better, though.
Sterling can often be found at estate sales and auctions at good prices. I think it’s 90% silver. It can also have additional value to collectors. But oz to oz, you should be able to get about 90% of silvers market price. Figure it’s a bit harder to move and stack than a coin or bar.
It’s harder to find these days, but junk silver is an interesting play. Our coins used to have or be made entirely of silver. I think Morgan dollars are 90% pure, roughly 0.7 oz of silver. Pre-1965 dimes are worth about $2 each and would be really easy to trade if SHTF. When I was a kid my dad used to pay me to go through change to find the silver coins. I’d open a role, pull silver and roll it back up. He’d take the change back to the bank and get more whenever I felt like working.
I used the Coinstar machine at my Credit Union, and it rejected some of my coins. When I went to the teller he said the machine rejects pre 1964 coins because they have a different weight, so it assumes they’re counterfeit.
The teller said I could, of course cash them in for face value, but they’re worth more than that, so I hung on to them. A few weeks ago I was selling something to SD Bullion, and mentioned the 90% silver quarters I had, and asked if they buy them. They paid me $17 per four quarters, so my $4 in quarters turned into $68.
Don’t buy paper metals. If you don’t hold it in your hand you don’t own it.
Silver Eagles and Canadian Leafs are typically seen as premium coins. People know them well and I don’t think there’s any reports of fake or low quality coins coming from them. Other governments offer coins and of course anybody can make and sell one, but they have lesser reputations.
Bars are heavier, and their higher value makes them a little more difficult to use. They stack better, though.
Sterling can often be found at estate sales and auctions at good prices. I think it’s 90% silver. It can also have additional value to collectors. But oz to oz, you should be able to get about 90% of silvers market price. Figure it’s a bit harder to move and stack than a coin or bar.
It’s harder to find these days, but junk silver is an interesting play. Our coins used to have or be made entirely of silver. I think Morgan dollars are 90% pure, roughly 0.7 oz of silver. Pre-1965 dimes are worth about $2 each and would be really easy to trade if SHTF. When I was a kid my dad used to pay me to go through change to find the silver coins. I’d open a role, pull silver and roll it back up. He’d take the change back to the bank and get more whenever I felt like working.
I used the Coinstar machine at my Credit Union, and it rejected some of my coins. When I went to the teller he said the machine rejects pre 1964 coins because they have a different weight, so it assumes they’re counterfeit.
The teller said I could, of course cash them in for face value, but they’re worth more than that, so I hung on to them. A few weeks ago I was selling something to SD Bullion, and mentioned the 90% silver quarters I had, and asked if they buy them. They paid me $17 per four quarters, so my $4 in quarters turned into $68.
I'm torn between coins and bricks. Coins are easier for financial negotiations, but you also pay a premium for their smaller size.
Why not own both?