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 Replies: 21 / Views: 3,706 |
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Pillar of the Community
Canada
1502 Posts |
terrific idea! can't wait to emulate when my boy's old enough to be taught.
my vote is with pre-64 silver as well. Bullion fractional silver really ain't worth their price. Pre-64 silver also have a history aspect to it that your children may become attached to.
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Pillar of the Community
Canada
1723 Posts |
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Pillar of the Community
Canada
1723 Posts |
When they get enough junk together, take it to the next step. Sell and turn it into .999 and repeat. Would be a fun process. Cheers!
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Pillar of the Community
United States
4008 Posts |
Quote:
So my kids have been watching me track and buy silver lately and they have decited they want to get in on the action as well. Excellent! Good job on getting them interested in silver collecting. Most of us have not had the success there that we would like. As to what to collect, I agree with the general sentiment here. US pre-1965 90% silver dimes, quarters, halves, and dollars are the way to go. Flea Markets, garage sales, and estate sales can sometimes turn up really good buys. You could even do a group buy with your kids with them getting part of the purchase and you getting the rest. Any way it goes, this is going to be great!  |
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Valued Member
United States
67 Posts |
Have to agree the pre-64 coins would be a great option. You can buy one at the LCS. It would be fun for them to go with you the next time you make a purchase. Then let them purchase a dime or quarter or whatever the have money for. They will pick up on lots of life skills with you doing that.
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Valued Member
United States
76 Posts |
Perhaps 40% Ikes would be good, too. Nice and big to look at besides being affordable.
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Valued Member
 United States
272 Posts |
Thanks for all the input, looks like 90% may be the way to go. All the kids already roll hunt with me and we have been working on some Danscos, zero luck on pulling any silver yet though. They just fell in love with the flash of the new silver bars :)
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Pillar of the Community
United States
745 Posts |
I Totally  with others above! 90% US silver dimes, quarters, halves are the way to go. A set of 90% FDR silver dimes, 1946-1964, is affordable and they can buy a few at time for lower cost. Silver dollars will cost almost same as 1 oz of .999, but only contain 3/4 oz I been collecting some .999 fractional bullion and it does have a high premium. This person on ebay {its not me} has the best deal if you do want a 999 FINE SILVER ROUND of 1/2 TROY OUNCE, but as you can see it comes out to paying $39 oz when spot price is under $30!  http://www.ebay.com/itm/33067225767....m1423.l2649PS> I am looking  for a 1/2 oz 'ENGELHARD BAR', if someone has one! Edited by Penny4Me
05/30/2012 8:02 pm
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Pillar of the Community
United States
4008 Posts |
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Silver dollars will cost almost same as 1 oz of .999, but only contain 3/4 oz Yeah but there is something pretty special about those Morgans!  I keep my eyes peeled all the time for those, especially if I can get them for spot or slightly higher and in good or better condition. Good deals don't come along all that often but they do come up once in a while. |
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Pillar of the Community
United States
745 Posts |
Yeah, real spot now for Morgans is little over $21, but will cost you close to $30 almost same as 1 oz bar of .999;
guess it depends on how high or low silver spot $ will go...
high spot price 1 oz bar is better
low silver spot $ then Morgans hold value
if silver was to hit $75 oz then no one would pay $75 for a Morgan
if silver was to hit $15 oz then someone would still pay $20 for a Morgan
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Pillar of the Community
United States
4008 Posts |
Saw a BU 1900 Morgan today for $45 but passed on it and bought a couple of dozen pre-1965 quarters instead. Most were just circulated bullion coins but a few of them were really nice. Got them at spot, so why not?
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Pillar of the Community
Canada
1723 Posts |
Well have the kids made their first purchase yet? :-)
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New Member
United States
22 Posts |
ebay has a lot of fractionals. Good place to see what's out there and what they go for. Sometimes you can then find direct sources for what you like for less as well.
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Valued Member
United States
272 Posts |
They haven't bought any yet, they decited to save up for a full oz. I think they are just waiting to see if I get it for them lol.
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Bedrock of the Community
United States
36845 Posts |
I would rather spend the money on the older "classic" 90% silver coin designs like the Mercury dime, Standing Liberty quarter and Walking Liberty half. I feel the best way to hold silver and it is how I do it is to hold the American Silver Eagles for the 1oz size, and these classic older issues for fractional sizes. The premium is too high for fractional sized silver rounds right now and when you sell them you are very lucky if you get melt value for them. |
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Posted 05/30/2012 5:07 pm
