Collecting Silver

[zach70287]

This may be old news to some of you, I just started doing it. Any quarter or half dollar that was produced before 1965 is 90% silver. So if you go to your bank and get as many rolls as you can afford you can start your hunt. Look though them all and just return the other ones right back to the bank. No money loss. So you can make money at no risk of losing any. I am not saying your going to get rich because you probably will only find one here and there but its a free hobby to make you a little money. I know that a 90% silver quarter on today's market goes for 5 dollars. You can also do this with nickels just wasn't sure on the dates you have to look for.

[PA PATRIOT]

My father stated his collection in 1965 and has thousands of quarter and half's sitting in a safe. I told him now was the time to convert the silver to cash and use the money for what ever he needed. But he told me I could do what I wanted with them after he passes and ended the conversation.

I do see silver coins once or twice a year but most bank tellers pull the silver coins out of their draws as they come in then swaps a normal coin in its place. This is how my father got his coins from 1965 to 1980 as my mom worked in a large bank and all the girls pulled the silver coins for her.

[ffusaf23]

It's kinda rare nowadays finding coins containing silver. As mentioned, the banks usually pull those coins but they can still slip through.

I gave a presentation in college telling everyone to buy silver as a way to save money and possibly make a profit.

Silver was $16 then (probably not even two years ago), now it's around $30 I believe - haven't checked lately.

[Blstr88]

It's at $29.xx, down from $40 only about 6-8 weeks ago.

I look through every single coin that passes my fingers for the past 6 weeks now, since I started buying silver...I've found only two pre-65 quarters. Oddly I've found quite a few 1965 quarters, unfortunately they're useless.

Another interesting thing, pre-1984 pennies are copper, and apparently with $0.023 each in copper. Might be kinda silly but Ive started putting pre-84 pennies aside as well...

[ryr8828]

I pretty much stash all my change, mainly because I'm too lazy to roll it up and cash it in I guess.
In a disaster or armageddon scenario I don't think money means a lot though.

[Dave L.]

The beauty of Silver is that history has shown that when fiat currency becomes hyperinflated, Gold goes up, but Silver can go up to 1/16 the price of Gold. Right now it's 1/53 the price of Gold; Silver will only go up.

The current sell off of Gold was all "paper Gold" to increase the liquidity of banks; physical Gold did not change hands. Now is a good time to buy Gold and Silver.

[hunt_ak]

The beauty of Silver is that history has shown that when fiat currency becomes hyperinflated, Gold goes up, but Silver can go up to 1/16 the price of Gold. Right now it's 1/53 the price of Gold; Silver will only go up.

The current sell off of Gold was all "paper Gold" to increase the liquidity of banks; physical Gold did not change hands. Now is a good time to buy Gold and Silver.

^^^This^^^

[shua713]

I have been collecting silver for a couple years now. It is a great way to invest. There is less silver in the earths crust right now than there is gold. also silver is the most reflective most conductive metal known to man. because of this they use around 90% of the silver mined for industrial uses. using it up and throwing it away. that means only 10% of the silver mined is going into jewelry and investments. gold is the exact opposite, they only use about 10% for industrial uses. I believe that in 20 years or so, there will be a demand for silver and that it will skyrocket above gold in value. I believe this will be know as the greatest wealth transfer in the history of mankind. If you are interested in more info on this, read "the guide to investing in gold and silver" by mike maloney. He is "rich dad, poor dad's" precious metal advisor. I also believe that youwant to collect and invest in 999 fine silver. In the 80's when the hunt brothers were trying to corner the market and buy all the silver, it got to just over $50 an oz. At this time refinerys where overloaded with 90% silver coins and the refining rates skyrocketed. there fore if you have 999 fine silver you will not be succkered into paying those expensive refining costs, or be penalized for not having pure silver b/c of refining costs. Just my 2 cents, take what you will from it.

[Dave L.]

I realized that when it comes to buying physical metal, most people are hesitant because they don't know how. Then when asked why they don't buy any, they spout off some silly shit they heard on Fox/CNN/WSJ. Most of the mainstream financial news outlets have a disgusting stock bias.
Also, many metal brokers will tell you that your purchases must be in the thousands of dollars. Not true.
This is my favorite site for small purchases:
http://www.gainesvillecoins.com/
Buying metal here is easier than buying ammo online. This site is also nice because it updates the prices of metals every 5 seconds when trading is open.
It's SO F$CKEN EASY there is no reason not to buy a few coins here and there.

My new favorite site for alternative financial info is www.zerohedge.com , it may be the "ultra-right wing" of financial news, but it's another angle you wont read about anywhere else.

[North]

I did coin roll hunted at one point, not much luck at all. I could go get $100-$200 in quarters at a time (usually once a week). I went to various banks. I found it easier with todays prices to buy silver eagles at $3 over melt from my local dealer. My grandmother started buying me silver eagles when I was younger and I have just continued the collection.