Silver Prices

[FrankT]

give me $30 in meat and you get 1 silver round

 

[Sandspur6]

I still think ammo is a better investment than gold or silver. If things ever get really, really bad, gold and silver might not be worth all that much. Ammo will ALWAYS have intrinsic value, either as a medium of exchange, or for practical application. Just my $.02 worth.

 

[FrankT]

I still think ammo is a better investment than gold or silver. If things ever get really, really bad, gold and silver might not be worth all that much. Ammo will ALWAYS have intrinsic value, either as a medium of exchange, or for practical application. Just my $.02 worth.

They may be a good hedge but nothing as stable or welcomed as gold and silver

 

[Sandspur6]

Like I said, Things would have to get very, very bad, indeed, for this to occur. But.....ammo has about doubled in the past couple of years. How much has gold / silver gone up? Jus' sayin'.

 

[FrankT]

well IF you can sell your gun and IF you can sell your ammo at prices desired in say 2 hrs, even 1 day or a week as I can gold and silver it would be comparable, but it is not and yes gold and silver have doubled. Retailers make all the $$, you got to get it somewhere so I have seen guns unless deeply discounted languish for months and years for a fair price. I do think you should have both but wealth is in gold and silver

 

[8654]

So if a silver eagle has not been graded then is its value just dependent on spot price of silver ?

 

[DFSgunner]

where do you buy that and what is it in silver weight over face value?

Here's $100 face value junk silver.

 

[FrankT]

REALLY????

 

[DFSgunner]

REALLY????

Yes sir, available now for purchase. That is also with the cash discount, credit cards cost extra

 

[FrankT]

So that is the silver weight of those coins 90% with no premium?

 

[DFSgunner]

Advertised as "As low as $3.15 over spot". They are a dealer so there is still a premium. You can find individuals selling on the secondary market without a premium which is normal. But the premium is part of the reason I never had much interest in junk silver. Lots of folks love it, I just personally don't have much interest in it. Some folks say the small denominations would be easier to barter with if necessary but that's not a reason why I choose to buy.

 

[DFSgunner]

I think Caveman knows the formula to calculate the value of the different coins, silver percentage wise based on spot but I do not

 

[FrankT]

yeah that is a terrible premium

 

[fl57caveman]

where do you buy that and what is it in silver weight over face value?

How much silver is in an US Silver Dollar? Old coins

new silver eagles contain a full troy oz, approx. 33 grams, 12 troy oz to a troy pound.
or maples, which I like, kooks, Mexican libertads, british coins, or Austrian coins.

screw the Chinese pandas




Made with 90% silver these older silver dollar coins usually contain just over 24.05 grams of silver content. In troy ounces, which are measurements more commonly used than grams in the USA, older circulated silver dollar coins weigh 0.8593 troy ounces in total.

every dollar face value, whether in a dollar, or $1.00 in coins contains that same amount.
a $200 bag of face value coins will set you back about 4 large ones...based on current spot

Roberts and Roberts, tim is a local source. hint: pay cash, no paper trail that way.

the accepted formula for worn coins is .715 x current price x face value will give you value of the silver only in each coin. or

coinflation.com

spot price:

Silver Price Today | Price of Silver Per Ounce | 24 Hour Spot Chart | KITCO

Live 24-hour Silver Price Spot Chart from New York, London, Hong Kong and Sydney. Silver Prices Updated Every Minute.

www.kitco.com

I buy from others, face to face, at spot, but am holding off right now, due to some repairs I have to make soon.

 

[fl57caveman]

Why are the Eagles more popular? When it come down to crunch time , isn't silver just silver? Are they going to give you more on the cash out for Eagles ??

because they are us govt coins, yes, they get a little more than generic rounds or bars if in good shape...scuffed coins not so much

I like maples , kooks and libertads when I can find them

 

[fl57caveman]

So if a silver eagle has not been graded then is its value just dependent on spot price of silver ?

unless it is a low mintage year, it is all just silver to a bullion dealer


silver and gold have been money for 6000 yrs, it will always have a intrinsic value

 

[Jhunter]

Great website with gold and silver coin calculators. Lots of good info here http://www.coinflation.com/

 

[M60Gunner]

Why the drop in value for worn coins, do they lose silver content with age?

 

[fl57caveman]

Like I said, Things would have to get very, very bad, indeed, for this to occur. But.....ammo has about doubled in the past couple of years. How much has gold / silver gone up? Jus' sayin'.

a multi year chart, it is on the move up again, when it goes parabolic, $25 will seem like a bargain.

https://www.kitco.com/scripts/hist_charts/yearly_graphs.plx?ag85-pres=on&submitagC=View+Charts

Ag& Au are not so much an investment, as they are a store of value..


the old rule is one oz of gold will buy you a complete mans suit, outfit, tailor made, fine quality material, it did in 1920 when it was $20, and an Italian tailor made suit, will prob run an oz today.


3 1964 dimes will, in silver content, still buy a gal, or more of gas today, as it did in 1964

 

[fl57caveman]

Why the drop in value for worn coins, do they lose silver content with age?

it wears off, same as a gun finish....

i have a 1838 dime, in pretty good condition, but a 1857 half , is a slick, barely the date can be made out....