Franklin Half Dollars Vs. Rounds

For those that missed saying it.
As to your problem. Forget ever using coins or Silver or Gold or such item for an investment. Use your spare money to buy a Ferrari and go pick up girls with it.

I only have a Hilux that's probably why I collect coins instead of wimmen
Besides how would you fit a tow bar on a ferrari to launch the boat

And problems like that are best avoided!

I've used a similar tactic on people who may be running a scam. I try to pay them with a US Postal Money Order. Honest folks tend to like these. If they balk at that, it is likely that they are up to something and don't want to get tangled up in a USPO investigation of their activities.

Tony, I would say you did quite well.

Sounds like you are concerned about the collapse of the dollar. I cannot fault you for thinking that, since we use paper money (or an image of paper money, numbers transmitted to ATMS...think about it, because you know a pin number you buy stuff or get cash from any bank machine!)....
So what will be made illegal first? Legal tender coins issued by the US Mint...or Silver Bullion? I am no lawyer or judge, but would have to say Franklins have more numismatic value...since they are not merely one troy oz, (or slightly less than 1/2 oz in the case of Franklins) but are more durable in terms of possible negative socio-political-economic trends...hope that makes sense.....

It sounds as if you're referring to Robert Kahre, the Las Vegas businessman who paid his employees in gold and silver coins and calculated withholding from the coins' face value. Trying this is not advisable. Mr. Kahre is currently sitting in prison:

http://www.lasvegassun.com/news/200...re-tax-frau/

Ok all great info. I hope to heck I don't have to use these coins because our dollar crashes. As I said I am looking at this as an investment oppertunity but I also can see our economy going in the tubes. I'm probably 80/20 on this in percentage of what I think may happen. This is money given to me by a great uncle who had no kids and was quite wealthy. He had over 20 different banks and funds in which he had this money because in his day banks were not trusted as he lived through the great depression. Since the day I received his money I told myself he has worked to hard to give this money to me and I dont intend to go blow it. So I invested it and in the time I have I have made nothing on the stock market. I see a chance to turn this money around in the PM market. During Y2K precious metals skyrocketed especially junk silver. Let me ask you guys this. I see the Mayan end of the world prediction of December 21st 2012 as another kind of Y2K. I think because of this PM can rise out of proportion once again. What do you all think will happen with this coming up. Will precious metals rise like they did then or will it not be as bad? I look forward to your replies. Also buying a farrari and chasing women has gotten me knowwhere but broker with nothing lol. At least with PM I have the coins to play with. Of course now that I made this purchase the economy all of a sudden looks great and silver will probably tank.

Most of us hope that will not be the case. On the other hand, if having some silver or gold makes the difference between getting through such a mess and not, then use it, by all means. It's good insurance and to make insurance pay off, you have to collect and spend the proceeds.



Congrats to you, Tony, for giving this family legacy the respect that it deserves. Yes, money acquired via years of hard work, saving, and investing should be respected and not frittered away.



Investing is one of those things that is like fishing... where the 5-10% who KNOW what they are doing receive 90-95% of the benefits and everyone else gets to supply the money that pays for those benefits. Not saying that you should not invest, only that quite a bit of knowledge is necessary for successful investing. If you are willing to read a lot and learn how, when, and where to invest, then by all means do so. It can pay off rather well.



There's been a lot of fanfare about this but it does not seem to have helped the Mayans very much. People have been predicting the end of the world since the times when people had some free time to think about it rather than working about 20 hours a day just to survive. So far at least, all of them have been wrong. The odds seem to be in favor of the world continuing... and if it does not, then we will not be needing any money. Given that, yes, an investment in some silver and / or gold should do well over the coming years.



Actually, the economy does not look great. The numbers are being fudged in an election year to make those in power and their policies look better than they are. Both unemployment and inflation are being under-counted to a considerable extent. Both can be multiplied by about 2.5 to 1 to get numbers that are closer to the truth.