Coins Or Bullion?

Sel may be right...what if your junk silver contained some dateless 1916 standing liberty or some ragged 16 d mercury? That's always a nice possibility...

, cwalker!

Buy what you enjoy. Canadian 80% is easy to calculate. $1 = 0.6 tr oz.

I guess I should have put this in the first post...im collecting silver as a means to protect myself in a S*** hits the fan type a deal. Back to buyin stuff with gold and silver kinda thing. I'm not 100% shure this is gonna happen but if it does id like to have a bit of "cash" lying around just in case. I should add I'm definatly not the guy who has 15yrs of food in his bombshelter burried in the back yard....not even close. Aside from a bit of silver, and what food I have in my fridge the day the SHTF....ima prolly screwed lol.

Some people say junk silver is recognizable by all and will be the easiest to deal with, other say well it doesent accually say anywere on it what's in it (ie, 1 troy oz fine silver .9999) so no one will recognize its value and will be worthless.

So I'm looking at it that was AS WELL as if none of this happens which is goin to give me a better return on my invetment. I know silver is silver, but when the time comes to sell, will 100 oz of maples vs 100 oz of junksilver goin to give me the same return on investment?

Say silver is $50oz and I pay 60 for a maple..10%priemum.. now silver goes up to 500 oz...when I sell would I sell for $510(the 10 over spot I paid earlier) or do I sell for %550 (10% priemum?) Casue to me if the ladder is the case....maples are goin to be a better return on my investment right?

If the crap hits the fan what are you going to buy and who will be selling it? Stores would be out of products and the rest would be ransacked. Thus you are dealing with people like me and I'm not sure if I want either gold or silver.

Now if the banks were to close and we would have a short time problem again what are people going to give you for you PM's? If they don't have money not much they can give you.

If inflation happens then I really do believe PM's are a strong bonus.

I'm really not sold as PM's being that great in a real serious crap hits the fan problem.

BTW if you are good at looking for deals 90% can be bought cheap. There is nothing wrong with them either or any other type of PM's.

I'm into "junk" silver for the reasons you indicate. The scenario I want to be ready for is not a complete collapse but one in which hyper-inflation has kicked in and people once again take silver as an alternative form of payment versus the devalued paper money. For instance, during the gas shortages of 1973 some gas stations would sell you a gallon of gas with no wait for a silver dime while others with their money had to wait in line.

Also, most people (including me) live by their ATM cards. They don't carry cash anymore. If the banks were to fail, yes there would be a run on the stores for goods but if people can't use their ATM cards people may still take pre-64 silver.

Perhaps I read too much Rawles fiction but then that's what got me going down the road I'm on. Besides, the path I've always taken is I'm a collector/accumulator (whether it is militaria, guns, ammo, etc.). As needed, I sell some of that to pay for things th family needs or for big events (car purchase, loss of job, relocation - just a few that have happened). My thoughts are if I build a big enough stash I can both have some for inflation hedge, monetary scenrios if needed, and to sell when needed. And if the price of silver would for whatever reason tank, big deal. $5 an ounce silver would just allow me to aquire more of it alot quicker (of course with my way of thinking the likleyhood of that happening is nill).

Of course it doesn't help that I have an addictive personality. I thought when I started I'd shoot for aquiring a pound a month. Well, I only started the first of the month and I already have about 70 Troy ounces...I have a problem...

Earl

I did do just that during the summer when silver was higher and the silver content was about what I would pay for junk. Felt exactly how you state. The Only drawback is that most anyone knows that pre 1965 is 90percent. The current silver have current dates (basically for the worst case scenario where all silver would basically value equally)

Whatever you do do it on a downturn in the silver price.
i just had a look at kitco and silver is starting to get expensive already

Just remember this. When we buy PMs, whether as coins, bars, rounds, or even jewelry, we are not spending money. We are merely converting one form of money into another form of money. In this case, it is the conversion of paper into silver or gold. In either case, what we have after buying is still money!

One of the neatest things about PMs is the variability that we have. There are just so many different ways we can go with it. Personally, I find that all of them have their pluses. I started with ASEs, added some Maples, some bars, and then some 90% US silver coins. So far, my collection still includes just these 4 basic types of silver. All are good, IMHO. Next up, I want to add some gold.