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$33.14 per ounce

MaxOHMSMaxOHMS Member Posts: 14,715
edited February 2011 in General Discussion
[8D]
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  • coltpaxcoltpax Member Posts: 7,516 ✭✭
    edited November -1
    So that's how much pots fetching nowadays...[:D]
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  • cpermdcpermd Member Posts: 5,273 ✭✭✭
    edited November -1
    Roll em
    Roll em
    Roll em

    Keep those presses rollin

    CP
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  • joshmb1982joshmb1982 Member Posts: 8,228 ✭✭
    edited November -1
    silver??
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  • tneff1969tneff1969 Member Posts: 6,682 ✭✭
    edited November -1
    It's been on a steady rise for the past couple of days, wouldn't be surprised if it hits $35 by mid week.
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  • MaxOHMSMaxOHMS Member Posts: 14,715
    edited November -1
    quote:Originally posted by joshmb1982
    silver??


    ding ding ding !!!
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  • MaxOHMSMaxOHMS Member Posts: 14,715
    edited November -1
    Most of the coins I have, I bought when it was at about $26-$27 per oz.

    Though I wish I had purchased a long while back, I am very pleased to see it coming on up.

    I know someone is about to come along and say how the silver bubble is about to pop.

    Hang on real tight to your FRN's.

    Toilet paper is much softer.
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  • fishkiller41fishkiller41 Member Posts: 50,608
    edited November -1
    How many '64 Kennedys to the Oz.?
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  • MaxOHMSMaxOHMS Member Posts: 14,715
    edited November -1
    Here is what the melt value is right now:


    http://coinflation.com/

    Description Denomination Silver Value Silver % of Denomination
    Silver War Nickel Value 1942-1945 Nickel **
    $0.05
    $1.8375
    3675.15%
    1916 Mercury Silver Dime Value 1916-1945 Mercury Dime
    $0.10
    $2.3625
    2362.59%
    1964 Silver Roosevelt Dime Value 1946-1964 Roosevelt Dime
    $0.10
    $2.3625
    2362.59%
    Liberty Silver Quarter Value 1916-1930 Standing Liberty Quarter
    $0.25
    $5.9064
    2362.59%
    1964 Silver Quarter Value 1932-1964 Washington Quarter
    $0.25
    $5.9064
    2362.59%
    1947 Silver Walking Liberty Half Dollar Value 1916-1947 Half Dollar
    $0.50
    $11.8129
    2362.59%
    1962 Silver Franklin Half Dollar 1948-1963 Franklin Half Dollar
    $0.50
    $11.8129
    2362.59%
    JFK silver half dollar 1964 Kennedy Half Dollar
    $0.50
    $11.8129
    2362.59%
    40% JFK silver half dollar 1965-1970 Half Dollar (40% silver)
    $0.50
    $4.8301
    966.03%
    Morgan Silver Dollar 1878-1921 Morgan Dollar
    $1.00
    $25.2608
    2526.08%
    Peace Silver Dollar 1921-1935 Peace Dollar
    $1.00
    $25.2608
    2526.08%
    Silver Ike dollar 1971-1976 Eisenhower Dollar (40% silver) ***
    $1.00
    $10.3282
    1032.82%
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  • matwormatwor Member Posts: 20,594
    edited November -1
    Whats your target?
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  • MaxOHMSMaxOHMS Member Posts: 14,715
    edited November -1
    quote:Originally posted by matwor
    Whats your target?


    I have some war nickels and some 40% halves I would sell.

    Hangin on to the dimes, quarters, and a few morgans.
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  • matwormatwor Member Posts: 20,594
    edited November -1
    What I mean is, what price are ya sellin' at?
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  • SpartacusSpartacus Member Posts: 14,415
    edited November -1
    the war nickels and 40% coins (post 1965 kennedy's etc) are still a good SELL right now, strictly for silver content. unsure how they would be accepted if the SHTF in trade.
    at current prices, you could make money if you could find someone to melt 'em and cast .999 silver bars, which will be the day to day currency for small purchases if the SHTF.
    just my 2c
    tom
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  • MaxOHMSMaxOHMS Member Posts: 14,715
    edited November -1
    quote:Originally posted by matwor
    What I mean is, what price are ya sellin' at?


    I will sell the aforementioned for melt value now, or melt value next week, whatever that is at the time.

    I need to invest in "other metals".

    .308 168 grain BTHP is what I am seeking.
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  • MaxOHMSMaxOHMS Member Posts: 14,715
    edited November -1
    $33.32 now
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  • MaxOHMSMaxOHMS Member Posts: 14,715
    edited November -1
    33.40
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  • joshmb1982joshmb1982 Member Posts: 8,228 ✭✭
    edited November -1
    up up and away...
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  • militaria1918militaria1918 Member Posts: 465 ✭✭✭
    edited November -1
    The local coin shop guy told me when I bought Saturday that he expects it to hit 40 to 41 dollars an ounce by end of the month. I was at the bank getting 300 out the ATM so i could pay the transfer fee on my WASR AK and dumped the rest into silver. For what was left all i could get was 7 coins but they were the first silver eagles I bought. Normally I go for the canadian ones. Less cost, same silver content.



    Mike
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  • PanzerSlayer2PanzerSlayer2 Member Posts: 1,798 ✭✭✭✭✭
    edited November -1
    I have near 1000 Morgan Dollars in my collection. I buy two to three per month and have so since age 16. Most of the recent buys are PCGS graded MS63 or better. Not really sure what to do with collectible silver coins if the shtf. None of my collection is particularly rare. I just wanted decent quality in quantity. Someday the great grand kids will discover my cache and may not even know what is a coin, given the trend in epayments.
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  • Wyatt EarpWyatt Earp Member Posts: 5,871
    edited November -1
    Guys, think abouit some USO options on oil too. If things continue to crumble in Libya, Israel, etc, a few hundred dollars investment might pay of nicely.
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  • storm6490storm6490 Member Posts: 8,010
    edited November -1
    you know your currency is going to hell in a handbasket when silver is worth this much.

    i wouldn't be celebrating this, it means we're screwed!
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  • matwormatwor Member Posts: 20,594
    edited November -1
    quote:Originally posted by tplumeri
    .999 silver bars, which will be the day to day currency for small purchases if the SHTF.
    just my 2c
    tom



    Not knockin' ya Tom, but a question. Do you really expect someone to accept silver for loaves of bread, potatoes, gasoline etc.? Would you accept them for such?
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  • MaxOHMSMaxOHMS Member Posts: 14,715
    edited November -1
    http://cgi.ebay.com/Leather-Brown-Money-Belt-Travel-Belt-M_W0QQitemZ140515000078QQcategoryZ2993QQcmdZViewItemQQ_trksidZp4340.m263QQ_trkparmsZalgo=SIC&its=I%2BC&itu=UCI%2BIA%2BUA%2BFICS%2BUFI&otn=10&pmod=400182657222&ps=63&clkid=7244081793214750930

    This belt will hold 20 quarters.

    ......and some FRN's
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  • 11b6r11b6r Member Posts: 16,584 ✭✭✭
    edited November -1
    $33.91 at 2:42pm EST
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  • skicatskicat Member Posts: 14,431 ✭
    edited November -1
    quote:Originally posted by dennisnielsen
    I am thinking I will hang onto mine in case paper money tanks
    IN CASE????????

    It's happening pal.
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  • skicatskicat Member Posts: 14,431 ✭
    edited November -1
    $33.91
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  • WulfmannWulfmann Member Posts: 4,906 ✭✭✭
    edited November -1
    The thing is the dollar is not devaluing as fast as the Euro at this point but in truth the Euro is just winning the ugly race between the two.

    Right now the escalating price of silver and gold is outstripping the devalue of the dollar so it is not a lateral move it is certainly a win win if you bought silver and gold even a year ago.

    The melt value of silver vs US 64 90% coins is at 24.5 times. That means a dime is worth right at $2.45 and a half dollar is worth $12.26 and that is if it is not "thin" meaning worn which reduces the weight of silver.

    It is not just silver and gold that glitters these days. Copper, lead, grain and cotton to name a few are near or at record prices.
    Ammo is expected to jump 20% or more because the prices of material dictate that.
    Ammo and reloading components maybe something to stock up on right now

    Wulfmann
    3YUCmbB.jpg
    "Fools learn from their own mistakes. I learn from the mistakes of others"
    Otto von Bismarck
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  • thorhammerthorhammer Member Posts: 990 ✭✭✭
    edited November -1
    I take my silver to the coin dealer. He gives my the fish eye and says "did you clean these coins" He says sorry that makes them culls, can't give you full price, collectors don't want them cleaned.

    I went to the pawn shop "Pawn America", silver was at $ 19.00 an ounce. I asked what would you give me for a roll of these silver eagles. The girl looks at her computer for 5 minutes, rubs the coin, then weighs it, looks at the computer for another 5 minutes and announces $ 8.00 each.

    So you better have some folding money around.
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  • William81William81 Member Posts: 25,426 ✭✭✭✭
    edited November -1
    The question is never "What will you give me?"....it is
    "what are these worth ?"


    Better yet, do the research and tell them what you want......
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  • SpartacusSpartacus Member Posts: 14,415
    edited November -1
    quote:Not knockin' ya Tom, but a question. Do you really expect someone to accept silver for loaves of bread, potatoes, gasoline etc.? Would you accept them for such?

    i understand what you're getting at, but there has been a form of currency throughout history. hell, look at how they bought manhattan island!
    personally, i think there will be three levels of trade
    bartering goods and services. everyone will participate at some level
    silver for larger purchases and the "middle class"
    gold and gemstones for the "brokers" and wealthy
    so, if someone wants to give me silver for a chicken, that's fine, i'll use the silver to buy gasoline to run my tractor. if someone wants to buy my tractor i'll accept gold. i'll use the gold to buy a new pickup, and on and on.......
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  • MaxOHMSMaxOHMS Member Posts: 14,715
    edited November -1
    quote:Originally posted by Barzillia
    Now here's a deal !

    Not my auction or anything I know of or am related to !


    http://www.gunbroker.com/Auction/ViewItem.aspx?Item=217220851


    * Home
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    * Silver Coin Value Calculator

    Calculator

    Values Entered:
    Silver ounces: 159
    Silver grams: 0
    Purity: Sterling (.925)
    Silver price: $34.21 / troy ounce
    Answer:

    Total silver value is $5,031.44.

    Someone should buy them.

    ASAP

    Barz,

    You earmark to leave in your bank account three thousand federal reserve notes.

    You and the buyer of that silverware post here (if till can) in one year and share with all of us what happened.

    Are you game?
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  • cpermdcpermd Member Posts: 5,273 ✭✭✭
    edited November -1
    The knives do present a problem on calculating the value.
    Guess 10-12% "shrinkage" there.

    CP
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  • matwormatwor Member Posts: 20,594
    edited November -1
    Talked to a buddy of mine just now who buys and sells silver a lot. According to him the people that buy silver only pay 80% of spot, and they figure sterling at 80% also, not 92.5%. Plus, like cpermed mentions, the knives are a problem, the blades are SS.

    With all the above considered, his starting price is right where silver is right now. I would imagine thats why hes only running the auction for 1 day. Tune in tomorrow to see a price change I'll bet.
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  • skicatskicat Member Posts: 14,431 ✭
    edited November -1
    Without testing, a lot of flatware handles are not solid sterling either. You have to know exactly what you are buying.
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  • joshmb1982joshmb1982 Member Posts: 8,228 ✭✭
    edited November -1
    looks like its down pretty well today. down 1.01 to $32.92
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  • NOAHNOAH Member Posts: 9,690
    edited November -1
    no it's per gram[:0][;)][:D][:D]quote:Originally posted by coltpax
    So that's how much pots fetching nowadays...[:D]
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  • William81William81 Member Posts: 25,426 ✭✭✭✭
    edited November -1
    quote:Originally posted by joshmb1982
    looks like its down pretty well today. down 1.01 to $32.92



    It is gonna do a lot of up and down for a while....
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