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Posted 06/26/2011 1:21 pm
I agree with both the ASEs and the 90% silver coins as insurance against an O-S! situation. I would use the ASEs for buying the bigger things I need, such as a week's worth of groceries or a tank of gas. Depending on the exchange rate at the time, that might take 1-2 ASEs for the gas and 3-4 of them for the groceries.
That said, exchange rates for real goods tend to be less than neat, so also having some silver dimes, quarters, and halves would be good. Not sure about nickels. Unless you get the WW II era nickels with 35% silver in them, they may not have much value. Even if you do get them, how many people out there are aware that WW II nickels even had any silver in them? Until a few months ago when I joined up here, I did not know that. I suspect that most people do not.
Although you did not ask about amounts, I suggest that you think of your coins as a pyramid, with the ASEs at the top. They would be the most valuable but the fewest in number. Then, for each lower denomination, you would have double the number of them as the layer above. A minimum arrangement would be something like this: 1 tube ASEs, 2 tubes of 1/2 dollars, 4 tubes of quarters, and 8 tubes of dimes. You could go 1-2 tubes either way with most of these since there is nothing cast in stone about it. It's just a way to get some buying power with the ability to make change in most any situation. For larger amounts, just scale up these amounts.
My collecting goal is to have 1000 ozs. of silver at some point. This would be in the form of ASEs, bars, and 90% silver coins. I only have about 74 ozs. now, so this is not an immediate goal. I would like to make some good progress on it this summer, though. I have some cash that can be converted into silver over the course of the summer, so will be buying in regular increments. Typically, I buy $800-1200 at a time but will also spend less if I find a few nice coins at good prices at the local coin shops. The hunt is on!
That said, exchange rates for real goods tend to be less than neat, so also having some silver dimes, quarters, and halves would be good. Not sure about nickels. Unless you get the WW II era nickels with 35% silver in them, they may not have much value. Even if you do get them, how many people out there are aware that WW II nickels even had any silver in them? Until a few months ago when I joined up here, I did not know that. I suspect that most people do not.
Although you did not ask about amounts, I suggest that you think of your coins as a pyramid, with the ASEs at the top. They would be the most valuable but the fewest in number. Then, for each lower denomination, you would have double the number of them as the layer above. A minimum arrangement would be something like this: 1 tube ASEs, 2 tubes of 1/2 dollars, 4 tubes of quarters, and 8 tubes of dimes. You could go 1-2 tubes either way with most of these since there is nothing cast in stone about it. It's just a way to get some buying power with the ability to make change in most any situation. For larger amounts, just scale up these amounts.
My collecting goal is to have 1000 ozs. of silver at some point. This would be in the form of ASEs, bars, and 90% silver coins. I only have about 74 ozs. now, so this is not an immediate goal. I would like to make some good progress on it this summer, though. I have some cash that can be converted into silver over the course of the summer, so will be buying in regular increments. Typically, I buy $800-1200 at a time but will also spend less if I find a few nice coins at good prices at the local coin shops. The hunt is on!
