Coin Collection Price 05/29/2010
In the US when individuals speak about Junk Silver they’re referring to old US cash that include silver. Prior to now dimes, quarters, half [dollars] and [dollars] have all contained various amounts of silver. Up until 1965 these cash contained 90% silver. After 1965 solely Kennedy Half [Dollars] continued to be minted with silver in them and the content material was diminished to 40%. Totally different Junk Silver Coins include Morgan Silver [Dollars], Peace [Dollars], Mercury Dimes, Barber Quarters and so on. People who put money into silver will most commonly purchase one ounce coins or ten ounce bars issued by totally different mints. However Junk Silver coins are a particularly efficient approach of investing in silver as I’ll explain. The value of junk silver coins will always mirror the price of silver so if the silver value rises by 10% so will the value of your Kennedy half greenback or mercury dime. One perception people have about investing in valuable metals is that it requires a substantial funding properly this isn’t true with junk silver cash – in actual fact you possibly can pick up a mercury dime for properly underneath $2 and lots of coin outlets might be completely satisfied to promote you them in single amounts. So for folks on low budgets this can be a nice option. Many individuals are getting all for treasured metals as a result of worsening financial scenario in the nation and they can see potential monetary collapse. Precious metals can be a viable technique of alternate in a world where the money has grow to be worthless. Bartering nevertheless along with your ounces of gold and even silver might show problematic. I’m sure you will find somebody prepared to change your ounce of gold for a loaf of bread however that has been a very costly loaf of bread- even with an oz. of silver chances are you’ll find yourself shedding out massively in any exchange. Nevertheless as a result of junk silver coins have smaller amounts of silver in them and you’ll pick up coins for as little as $2 they make a superb technique of bartering. So How Can You Purchase Junk Silver Coins If you look online it’s possible you’ll find different sellers offering to sell $1000 bags of junk silver. Because of this the overall face value of the cash within the bag is $a thousand which at as we speak’s silver price might end up costing you effectively over $13 -14 000. Fortunately many coin dealers will likely be prepared to promote you these cash in small amounts. eBay can be a wonderful place to choose up junk silver cash at reasonable prices. If you’re shopping for small portions it isn’t unreasonable to pay a premium of as much as 15-20% over the spot value of silver for each coin. You might even attempt promoting on Craigslist for folks looking to sell their coins. When dealers give you a value for junk silver they might quote the price in terms of “face” (i.e. face worth) so if they are chargin’ thirteen times face that means a Kennedy half greenback could be $6.50 for example. If all you have an interest in is investing in silver be careful that you are not paying additional for proof sets or first strike – these will command increased premiums as a result of they’re rarer coins- go away these to the coin experts. The one drawback with Junk Silver Coins is they all have odd amounts of silver in them for example a Mercury Dime comprises 0.07234 ounces of silver in them making it barely tricky to work out the precise worth of the silver coin at any one time. That can assist you there are lots of on-line calculators such because the one in my signature that will give as much as the minute values of different coins. Earlier than bidding for these cash on eBay or buying in a coin store be sure to know the current spot worth of the coins you’ll purchase so you understand how much premium you are paying!!!! At Valueincoins.com find information about old canadian coin prices, american coin price guide, and coin price lists. Add Comment
(This is the third of four articles about Maverick Investing in the Age of Obamanomics) Born Again Gold Bug When I did a recent radio interview, the host (who was basically friendly), said, “You’ve always liked gold.” My response? “No, no, no!” I have been bearish on gold for most of two decades before December 2003. I have only been bullish on gold twelve years out of the thirty-four years I have been publishing The Ruff Times. I was bearish or neutral for twenty-two years. I’ve only been bullish since December 2003. But I guess I can never shake the label of “gold bug” the media gave me way back in the ‘70s. When I first began publishing The Ruff Times in 1975, I begged my subscribers to buy $120 gold and $2 silver. Gold finally topped out at $850, and silver went to $50. I said, “Sell!” at $750 and $35 respectively. Then for more than twenty years, I made money for The Ruff Times subscribers mostly in stocks, bonds, real estate, and other traditional investments. At the risk of sounding immodest, (Once I thought I was getting humble. It felt awful, but I was only coming down with the flu.) I probably learned at least as much about gold and silver and their markets in that Bull Run back then as any writer alive today. Now I’m back again in familiar territory, riding the Golden Calf, since December 2003. As the golden calf grows into a massive bull over the next few years, you can make a ton of money in gold, more than twice as much in silver and even a lot more than that in carefully selected mining stocks from my Investment Menu (See www.rufft imes.com) Three Different Uses for the Precious Metals There are serious uses for gold and silver that have little to do with investment, and gold bugs oft en miss that. You need to know the difference. The metals have three basic uses:
Gold and Silver Insurance You should always own gold and silver coins as an insurance policy. Like homeowners’ or automobile insurance, its purpose is to protect you against unpredictable economic and political calamities (like now), that you always hope would never happen. It’s there to use as real money in the case of a worst-case, like an inflationary currency collapse, or terrorist hackers shutting down the power grid so no one has access to their dollars at the bank or at the ATM and they can’t open the supermarket cash registers. The same terrorist-financed hackers could break into the computers of the money-center banks where most of the world’s dollars are in hyperspace, insert a destructive virus, and the world’s dollars would disappear in a nanosecond. Remember, only about 5% of the world’s dollars are minted, printed, or coined. The rest are only on the computers of banks. If the computer data is wiped out, there could go the monetary system of the world, because the dollar is the world’s reserve currency. This could mean the instant collapse of the American economy, and maybe western civilization. Then the world would instinctively go back to gold and silver as a means of exchange and store of value until the computers are fixed and a new paper-money system is cobbled together. These things always seemed to be unthinkable in our otherwise comfortable world, but we have never lived through a period of Obamanomics nor had such an implacable enemy as Islamo-fascism. Insurance Action Steps Each family should have at least one half-bag of pre-1965, commonly circulated, ninety percent “junk silver” dimes, quarters and halves (360 ounces of silver). Junk silver can be bought from any neighborhood coin dealer or from one of the recommended bullion and coin dealers – Kitco is one of them. (Go to my website www.rufftimes.com to buy the book or subscribe to The Ruff Times.) Due to Obamanomics, gold and silver will explode in value and your insurance coins will become a fantastic investment, which they may not have been when you bought them. In the case of less drastic events, such as mere rising-price inflation, they will still be very profitable. For instance, because of the critical supply/demand situation, as the holder of any form of physical silver, you will find the industries that need them will have to bid up the price until you are willing to part with yours. $100 an ounce, anyone? Coin insurance is a buying decision for all seasons, and it only becomes an investment if bad or even mildly bad things (like slowly rising inflation) happen in the world. This is not for short-term profit, but for long-term protection. You would really need it if a monetary crisis or a war gets bad enough and lasts long enough that we have started to universally use coins as the alternative “real” currency. It might even not take that long for merchants to get the drift. During the OPEC gas crisis in the ‘70s when inflation and silver were in a runaway mode and gas prices were exploding, a few enterprising gas-station operators were advertising gas for a dime a gallon—pre-1965, ninety-percent silver dimes—because a ninety-percent silver dime was worth more than the posted price-per-gallon. Like all insurance, the coins are there to use when bad things happen which you hope won’t happen. All insurance is a bet that bad things will happen. You win your bet only if you have a car crash, or a fire, or if you die. With orthodox insurance, it doesn’t matter if you win or lose your bet, the premiums are gone forever. In the case of coin insurance, the premiums are still there forever and appreciating, no matter what. Gold And Silver As Monetary Backing: A Condensed History In theory, we should be backing our currency with gold and silver, making it fully exchangeable into the metals, like America did for almost two centuries. It’s a principled cause that dedicated gold bugs should fight for, but it has nothing to do with investing in gold. Years ago when Americans began to vote themselves benefits from the public treasury, government started to print and issue more receipts (currency) than there was gold or silver in the warehouses (which we now called “banks”). Who would know, as long as not too many holders of receipts showed up at the bank with their receipts to demand their gold or silver at the same time? And then, we eventually thought of the paper receipt (currency) as real money all by itself. For a long time we had confidence in the “gold and silver backing.” But human nature never changes. We soon got so accustomed to our government benefits, paid with receipts (dollars), that we accepted the printing of more and more receipts (money). We were ignorant of the cause of monetary inflation. The only signs were rising prices of goods, and rising gold and silver, but most people had no idea what was really causing inflation. The stage was finally set when it became obvious to foreign dollar-holders that there was not enough metal to meet all demands, so they began jostling to be the first in line to present dollars at “the gold window.” Panic!! Nixon finally faced the reality that there soon would be more receipts (dollars) presented for redemption than there was gold available. Until then, foreign governments could exchange their dollars for gold, but we were steadily running out of gold in Fort Knox, as foreign confidence in the paper dollar had sagged so badly due to monetary inflation, that we were soon threatened with losing all our gold reserves. So Nixon closed the “gold window” at the Federal Reserve to stem the tide, and the process was complete; the dollar was now completely detached from gold and silver, and greenbacks were now just a “fiat currency” (money just because a government order or “fiat” declared it). Once we accepted that the horse was out of the barn, Congress no longer worried about whether we had enough gold and silver in the bank to redeem the ever-growing supply of banknotes, and the political claims on government “entitlements” were soaring. Inflation was the inevitable consequence of money creation. Then, Uncle Sam began an anti-gold campaign to de-monetize the metal and separate it in the public mind from “money.” They even began making and marketing gold and silver coins (eagles) as “mere commodities” and collectibles. However, enough of us remembered the monetary meaning of gold and silver—that they rose at the slightest threat of inflation. And as gold was an internationally traded commodity and a lot of foreigners had not bought into the U.S. anti-gold propaganda, the price began to rise. You Can’t Go Home Again Restoring gold backing to the currency would seem to be the obvious solution. In theory, that is so, but that won’t work until we are willing to forego our soaring government benefits and accept the discipline that gold and silver backing provide. We need a sudden rush of brains to the head and character to the heart—and wallet! Don’t hold your breath! If you think that will happen, I have a big orange used bridge in San Francisco to sell you. It won’t happen until the present money system has totally collapsed and we have nothing to lose by replacing it with an honest hard-money system. Now, we collectively feel we have too much to lose. We have a huge vested interest in the status quo—our welfare, our Social Security, Medicare, Medicaid, our farm subsidies, etc. By Howard Ruff The Ruff Times ***** Howard J. Ruff, the legendary author and financial advisor, wrote How to Prosper During the Coming Bad Years in 1978. It is still the biggest-selling financial book in history, with 2.6 million copies in print. His new book, How to Prosper in the Age of Obamanomics is free when you subscribe to The Ruff Times (www.rufftimes.com), or if you buy the book at your favorite bookstore, you can deduct $10 from the subscription price. Howard is founder and editor of The Ruff Times financial newsletter. This article is from a recent issue of The Ruff Times. The newsletter deals with a broad spectrum of middle-class financial issues. (You can learn about it at www.rufftimes.com). The Ruff Times has served more than 600,000 subscribers – more than any financial-advisory newsletter in the world. Junk silver coins are old US coins that contain silver. Up until 1965, US coins were minted with a 90% silver content. They are a great way to invest in silver but you should know a little about the different coins before buying them. This information below should help you also calculate Silver Dollar Coin Values and other Junk Silver Prices Junk Silver Coin - Silver Content (ounces) Dimes Seated Liberty 1837-1852 0.07726 Seated Liberty 1853-1873 0.07205 Seated Liberty 1873-1891 0.07234 Barber Dime 1892-1916 0.07234 Mercury Dime 1916 to 1945 0.07234 Roosevelt Dime 1946-1964 0.07234 Quarters Barber Quarters 1892-1916 0.18084 Standing Liberty Quarters 1916-1930 0.18084 Washington Quarters 1932-1964 0.18084 Half Dollars Barber Half Dollar 1892-1915 0.36169 Walking Liberty Half 1916-1947 0.36169 Franklin Half Dollar 1948-1963 0.36169 Kennedy Half Dollar 1964 0.36169 Kennedy Half Dollar 1965-1969 0.14789 Silver Dollars Trade Dollar 1873-1885 0.78761 Morgan dollar 1878-1921 0.77343 Peace Dollar 1921-1935 0.77343 To calculate the value of each coin get the current silver price from the website linked below and then multiply that by the silver content in each coin. So for example if the Silver Price is $16 then the value of a Morgan Silver Dollar is 16x0.77343=$12.37. Remember that when you go and buy these coins the dealer may quote the price in terms of "face" (i.e. face values) in the above example he might quote you 12.3 times face. It is always handy to know the spot price of any coin before buying it so you know how much premium you are paying. For these kind of coins in small amounts it is not unreasonable to pay up to 20% and this premium will get less the more you buy. The advantage of junk silver coins over buying one ounce silver rounds is that junk silver coins are lower denomination - they are smaller amounts of silver meaning 1) you can start investing in silver for much less (a silver dime will cost you under $2) 2) for those people who see buying silver as a good hedge against financial collaspe. The low denomination of junk silver coins makes them an ideal bartering tool. Yes I am sure someone will give you a loaf of bread for your ounce of silver but it was a very expensive loaf!!! The In Gold We Trust is an Online Junk Silver and Gold Calculator that gives easy up to the minute silver dollar values, prices on all junk silver coins as well as scrap gold and gold coins
In the US when people talk about Junk Silver they are referring to old US coins that contain silver. In the past dimes, quarters, half dollars and dollars have all contained varying amounts of silver. Up until 1965 these coins contained 90% silver. After 1965 only Kennedy Half Dollars continued to be minted with silver in them and the content was reduced to 40%. Different Junk Silver Coins include Morgan Silver Dollars, Peace Dollars, Mercury Dimes, Barber Quarters and so on. People who invest in silver will most commonly buy one ounce coins or ten ounce bars issued by different mints. However Junk Silver coins are an extremely effective way of investing in silver as I will explain. The value of junk silver coins will always reflect the price of silver so if the silver price rises by 10% so will the value of your Kennedy half dollar or mercury dime. One perception people have about investing in precious metals is that it requires a substantial investment well this is not true with junk silver coins - in fact you can pick up a mercury dime for well under $2 and many coin shops will be happy to sell you them in single amounts. So for people on low budgets this is a great option Many people are getting interested in precious metals due to the worsening financial situation in the country and they can see potential financial collapse. Precious metals would be a viable means of exchange in a world where the money has become worthless. Bartering however with your ounces of gold or even silver could prove problematic. I am sure you will find someone willing to exchange your ounce of gold for a loaf of bread but that has been a very expensive loaf of bread- even with an ounce of silver you may find yourself losing out massively in any exchange. However because junk silver coins have smaller amounts of silver in them and you can pick up coins for as little as $2 they make an excellent means of bartering. So How Can You Buy Junk Silver Coins If you look online you may find different dealers offering to sell $1000 bags of junk silver. This means that the total face value of the coins in the bag is $1000 which at today's silver price could end up costing you well over $13 -14 000. Luckily many coin dealers will be willing to sell you these coins in small amounts. eBay is also an excellent place to pick up junk silver coins at reasonable prices. If you are buying small quantities it is not unreasonable to pay a premium of up to 15-20% over the spot price of silver for each coin. You could even try advertising on Craigslist for people looking to sell their coins. When dealers give you a price for junk silver they may quote the price in terms of "face" (i.e. face value) so if they are chargin' 13 times face that means a Kennedy half dollar would be $6.50 for example. If all you are interested in is investing in silver be careful that you are not paying extra for proof sets or first strike - these will command higher premiums because they are rarer coins- leave these to the coin experts. The one drawback with Junk Silver Coins is they all have odd amounts of silver in them for example a Mercury Dime contains 0.07234 ounces of silver in them making it slightly tricky to work out the exact value of the silver coin at any one time. To help you there are many online calculators such as the one in my signature that will give up to the minute values of different coins. Before bidding for these coins on eBay or buying in a coin shop make sure you know the current spot price of the coins you are going to buy so you know how much premium you are paying!!!! The In Gold We Trust Junk Silver Coins, Bullion and Scrap Gold Calculator - it offers up to the minute silver dollar and other junk silver coin values along with scrap gold prices and other gold coin values. It is an excellent tool for anyone looking to invest in gold or silver - there is also lots of info on how to Buy gold and silver Article Source: http://EzineArticles.com/?expert=Andrew_Byrne |  Dennis Beaman, Blog Author "I buy gold and silver significantly under spot price. Would you like to learn how I do it?" Click here!
 ArchivesMarch 2012 CategoriesAll |
RSS Feed