Tenth, quarter, and half Troy ounce American gold eagles be are fine and quite useful in a survival type of situation if the shit hit the fan, that way you don't have to trade an entire ounce, same could be said for holding 90 % silver coins, nice convenient size if you're a survivalist sort.
The smaller AGEs or similar bullion coins will cost more in smaller denominations, not so with small silver.
The smaller AGEs or similar bullion coins will cost more in smaller denominations, not so with small silver.
The $2 bill used to be a decent chunk of change at one time. While still emerging from the Great Depression a Federal minimum wage of 25 cents/ hour was implemented in 1938, or that $2 bill for the lowest paid workers, it was a decent midpoint between 1 and 5 bucks, probably would fill your gas tank and buy lunch
Roll it back to like 1830 and you might make 50 cents a day, maybe a $20 gold piece in a month, which would probably buy you a horse !
Roll it back to like 1830 and you might make 50 cents a day, maybe a $20 gold piece in a month, which would probably buy you a horse !
One thing you want to avoid is selling gold/ silver/jewelry, etc. To these buyers that pop.up out of the woodwork, these clowns while doing nothing illegal often pay 5-10 % of what a fair price would be.
The fact is nobody wants your old gold jewelry or grannie's wedding band...it all gets melted and turned into bullion coins, which then get locked away in vaults, because, well...they are gold ! It's kind of insane really !
True, there isn't a shitload of gold around, it's rare, really heavy and shiny, kind of special and symbolic, but not terribly useful, most of the world's gold is locked up in various sorts of vaults, main use being jewelry.
If you insist on holding physical gold, don't hold in in the form of old jewelry, various bullion coins, or even bars are the preferred form. Don't worry about space in your safe deposit box with round coins vs. rectangular bars, the shit is super heavy, fill the smallest sd box with gold, you won't be able to lift it !
Coin dealers are the best place to sell unwanted gold and silver in most cases, pawnshops pay less, sometimes far less, if gold jewelry involving possibly valuable stones considering a reputable jeweler for an estimate beyond the coin guy, avoid the street corner buyers unless you want a laugh.
With silver at around $18 ounce,a fair buy price for silver coins is
11x face value for 90 percent coin silver that being dimes, quarters, and halves dated 1964 and earlier
Said coins could be worth more than junk value
40% silver halves dated 1965- 1969 are junk silver and 4.4 X or $2.20 a coin is fair
1943-5, and some 1942 war nickels are about 50 cents
Beware of the we buy gold guys, almost all are thieves that will pay you 10 for something worth 80, then they sell it to the honest guy.
ointer:
Not overpriced when you look at all the factors involved. First of all it's not meant as a buillion coin, it was a real circulating coin minted 1878-1921, a lot of politics involved with that, I'll try to address that later.
Anyhow a real silver dollar contains more silver than a dollar in minor coins, it's old and the important thing is people like them, rarity and age alone don't equal value. Morgan dollars are fairly common, of course there are rare dates.
In order to sell something you need someone that wants to buy it. A 1974 Ford Pinto is probably very rare, but nobody wants it, make it a 60's Vette and plenty of buyers.
Real silver dollars were used as dollar gaming tokens in Vegas until the late 60's, even very early 70's before they had to be replaced by casino issued copies when the supply dried up, people collect those too, which is great for casinos.
There is a beancounter's term called
Seniorage, I'm sure Willie knows it well.
If you're a casino and produce various tokens at minimal cost and tourists take them home or even better to a foreign country, they never hit the cashier's cage, you made money, it might still be on the books, but it's an interest free loan at worst.
If the USPS puts bugs bunny on a commerative stamp and people buy sheets of them, free money for USPS. They will never get used.
The mint and BEP, are the same, except that the mint loses on pennies and nickels.
I'll post more on the history and politics involved
Coins are extremely political items nowadays, that all changed in 1909, the 100th anniversary of Abe Lincoln's birthday, when he got placed on the ubiquitous Lincoln cent, replacing the rather not too artistic Indian Head cent that had a 50 year run, it wasn't really a work of art, anyway , but started a bad trend...
Skipping forward to the 60's. JFK got whacked on 11/22/1963, very few know the exact date, I always fuck with doctors receptionists types that ask your for your DOB, like 6 times, I always say 4 days after JFK was assassinated, normal reply is I wasn't even alive then !.... Neither was I is the response, most couldn't put in within 10 years, especially millennials. I only ever encountered one person that knew the date.
I like fucking with people's heads.
Kennedy was highly popular, he gets whacked , gotta put this guy on a coin, pronto ! A stamp won't do that's for Donald Duck !
You can't bump off Lincoln, Jefferson, and FDR, who isn't too long deceased, oh yeah then that George Washington dude...
The odd man out is Ben Franklin, he never was president anyway, they ruined the beautiful walking liberty half by putting Franklin on it in 1948.
The Kennedy half was rushed into production in like 6 weeks, it's basically just the presidential seal type of emblem as the reverse , and some previous photo of Kennedy engraved on some coin dies and rushed into production faster than imaginable.
Skipping forward to the 60's. JFK got whacked on 11/22/1963, very few know the exact date, I always fuck with doctors receptionists types that ask your for your DOB, like 6 times, I always say 4 days after JFK was assassinated, normal reply is I wasn't even alive then !.... Neither was I is the response, most couldn't put in within 10 years, especially millennials. I only ever encountered one person that knew the date.
I like fucking with people's heads.
Kennedy was highly popular, he gets whacked , gotta put this guy on a coin, pronto ! A stamp won't do that's for Donald Duck !
You can't bump off Lincoln, Jefferson, and FDR, who isn't too long deceased, oh yeah then that George Washington dude...
The odd man out is Ben Franklin, he never was president anyway, they ruined the beautiful walking liberty half by putting Franklin on it in 1948.
The Kennedy half was rushed into production in like 6 weeks, it's basically just the presidential seal type of emblem as the reverse , and some previous photo of Kennedy engraved on some coin dies and rushed into production faster than imaginable.
Believe me people , I not only know US,coins, but I know why they exist in many cases, often tied to political reasons, I'll save the silver dollar politics and mining interests behind it for later.
Ok, getting to more modern times...
Eisenhower was a 2-term popular Republican president that preceded JFK.
I like Ike, yada yada yada
Well the dude croaked in 1969, Nixon is POTUS, it's the height of the Vietnam war, you put guys like this on a coin, right !
Problem is the coins are taken, you can't bump off the others, so what to do !
Well you bring back the " silver dollar " , last minted in 1935 and for a nice touch have the required eagle flying over the moon, obviously touting the moon landing, they had more time to work on this one !
Ok, getting to more modern times...
Eisenhower was a 2-term popular Republican president that preceded JFK.
I like Ike, yada yada yada
Well the dude croaked in 1969, Nixon is POTUS, it's the height of the Vietnam war, you put guys like this on a coin, right !
Problem is the coins are taken, you can't bump off the others, so what to do !
Well you bring back the " silver dollar " , last minted in 1935 and for a nice touch have the required eagle flying over the moon, obviously touting the moon landing, they had more time to work on this one !
