I want to know the price so that this way, I can make sure that I’m not getting ripped off by the dealer. Today, I bought a 1929 American silver quarter for 6$ and I’m not sure if it’s worth it or not. In the US, how much does a silver dime, a silver quarter and a silver half cost for each of them?
@jaxxas If that’s the case then it didn’t matter if I paid 0.20$ over spot. At first, my dealer wanted to sell the coin for 8$ because of the collection value but then He has offered me to buy it for 6$. I think it’s because it wasn’t in very good condition to be worth 8$.
@MaryB The American junk silvers are very hard to pay for only their metal content. If you want to buy one, you will actually have to buy it for their collection value and not for their melt value. The problem with the collection value is that they are worth way more than their melt value. Even if I do find American junk silvers that doesn’t have any collection value, they have high premium. For example, a silver half dollar cost 15$ while their melt value is only about 10$. I was lucky to find one that is really close to the spot price and it was my first American junk silver purchase!
@undeRGRound I can also use Coinflation to check the value of the American silver coins but anyway thanks. Now, it doesn’t matter if I paid over spot for my American silver quarter because silver went higher and my silver quarter is now worth 6.09$.
@undeRGRound Also, the reason why the junk silvers cost a lot in Canada is because there’s taxes on them since they are not 99% pure silver. My dealer doesn’t charge taxes even if He’s not suppose to do that since it’s illegal. If you want to sell junk silvers in Canada and make a profit, then go to Toronto and list your items on Craigslist or even better, Kijiji. Then, a lot of buyers will contact you. Don’t sell your coins to a local coin shop in Canada cause you won’t get enough profit.
My American silver quarter is also in a cardstock collector’s sleeves.
Even if you have to pay a premium for 90% silver coins they will be the best unit of barter, especially dimes. They are more recognizable to the average person and much more useful than a suspect one ounce coin or bar. I use to buy larger bars and eagles and have started to buy only dimes, even trading in some of the bigger stuff for them. Makes much more sense when you think about it in bartering terms.
" The error I see stackers making is the value of their stash in fiat. Fiat that is rapidly losing any purchasing power and is losing its usefulness. Price your stack in real world goods to see how you are doing. $4 silver years ago bought 8-16 gallons of gas, $21 silver still buys 8 gallons of gas... "Reply To: My Faith in Silver is Just About Broken
" There are many ways to view this one way is insurance, you pay for policies don't you? I hope my home never get blown away in a storm but if it does I have a policy to cover it. I like insurance, it's not always cheap but I sleep better at night knowing I have it. "Reply To: My Faith in Silver is Just About Broken
my avg price was $32-33 an oz but a recent Doc buy was about $25 and that made me satisfied with DCA
My take on the fallout of these price smashes is one that tells me there are more reasons that just taking down silver prices to unwind a TBTF bank silver short contracts. That sa... "Reply To: My Faith in Silver is Just About Broken
" If everything collapses, then who is going to power up the Internet? Not everyone will accept precious metals right away for payments after the collapse so by that time, the Internet will disappear as well. "Reply To: Will The Internet Be Up?
" It still cannot be used like "normal" currency. I can't take it to the bank and use it like a 100$ bill. There was a guy who wanted to pay his bills so he tried to exchange a few 20 for 20 coins at his local banks and they won't take it even if it is legal tender. The Royal Canadian Mint told him... "Reply To: Candian $100 silver coin
" I do not mean to insult anyone but 'NSLOOKUP' is a excellent tool built into Windows that allows easy conversion of DNS naming conventions to numeric addresses. I have 'NSLOOKUP' assigned to the taskbar and with a click of the mouse you just enter the URL and the numeric equivalent is presented.... "Reply To: Will The Internet Be Up?
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