The Federal Reserve won’t let them do it as it will take their profit away. It was the Federal Reserve that was the cause of the demise of the the silver coinage. Back then your paper dollar was backed by silver not anymore.
Im not completley sure on this, but, the ferderal reserve has no control over the mint.
If the Fed controlled the mint, I imagine ASE`s Buffolo`s and the like would be stopped. These items are given a dollar face value, of one denomination or another.
My whole reason for the original post was to show just how important coinage was, everybody had it, we knew what it was worth, and we safeguarded it. We usually had to trade work for coins, and damit we knew we had a valubale item in exchange for the work.
I started rat holeing coins in 1959, by 1963 we had a pretty good idea that the coinage was going to change. By 1964 the announcment of new coins was made, we went into full scale rat holeing. It was easy then, go buy a small item with a dollar bill, get 90% silver coins in change. When the new stuff came out, I kept myself very busy trading the newest most modern currency, for the old stuff people still had. That lasted about 2 years, and then it was pretty much over.
I just think coins with at least some siver content would bring back respect to the coinage, and in turn to thoese who issue it
In a perfect world the government would use honest money. But lets be real for one second… when was the last time any government was honest about their monitary system and how many of those governments still use the silver and gold coinage anymore.. Its the morals that have changed along with our perception of what real money is.
Silver Dollar, thank you for your post and for making those points, but note that if a 90% Silver coin the size of a dime has a Silver value of over two dollars, a one-dollar coin would have to be even smaller.
I sometimes get rolls of half-dollars from the bank and go through them, searching for 40% or 90% Silver halves (haven’t had any luck so far). But when I spend them, cashiers often seem a little bit perplexed at seeing half-dollars, as though they do not see them very often.
Also, keep in mind that the drawers in cash registers have a place for pennice, nickles, dimes & quarters. Halves and dollar coins are the ‘ugly stepchildren’ here.
But anyway Silver Dollar, thanks for starting this thead about 90% Silver. I like accumulating Silver in this form – it is easily recognizable and easy to sell when the time comes to do so.
I sort through my stacks and set aside the key date coins, as well as the ones that are in better condition. The worn, scratched coins, and those damn dateless Standing Liberty quarters and Barber ‘smoothies’ immediately get tossed into the ‘sell-when-Silver-crosses-over-$40/oz‘ jar.
My favorites? The Morgan Dollars, of course…followed by the Walking Liberty Halves.
Yeah, according to Chris Duane (and history) a 10th of an ounce (dime basically) is worth a day’s wage. A full size silver dollar would still be in order to keep you from carrying so much loose change, especially when you need to make a large purchase.
" I picked up a few semi-numismatic coins a couple of days ago. Did not have any of them in my stack so I wanted to round it out a bit with a few of the prettier coins. I am still a fairly young guy at 35 so I am keeping my glass half full. I am certainly discouraged but I do believe that eventuall... "Reply To: My Faith in Silver is Just About Broken
" Shortwave ham frequencies provide worldwide communications daily. VHF/UHF has its place in local comms. No morse code to get a license anymore. Doesn't hurt to know it tho because it will get thru jamming and interference voice can't. All my antennas are emp grounded, it is called lightning prot... "Reply To: Ham radio
" PS: GROUND your EMP Shielding, that cannot hurt and likely helps.
I bet MaryB already has though LOL!
Is Morse Code still part of the HAM License?
They cannot really shut down the frequencies, but may attempt to jam them.
But more likely they will monitor these channels.
... "Reply To: Ham radio
" There goes the idea that I could get in cheaply! I knew that was too easy.
Would I be able to contact anyone worldwide? That was my thought going with this idea in the first place. What's the point in buying one if it doesn't go worldwide? I thought they all had global abilities. I may ha... "Reply To: Ham radio
" I have thought about this. If it is not in the US, it is a risk IMO.
Even in the US, it could still be seized in a bank holiday. hard to say
Thanks for perspective, Mammoth "Reply To: Chinese yuan bank account
" Silver Dollar - if I cash out now I cannot buy silver in Ecuador for anywhere near this ridiculously low price. Its just that I have been concerned that when things collapse all I will be able to get over here is the cash. And I have to worry if some government will steal all funds in goldmoney.
... "Reply To: What will happen?
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