My Take On Silver Types, Junk, Bullion, Proofs

Libertad:

I do get my jewelry at spot (or at least very close) because I don't know enough to pay extra for stone, craftsmanship, or antiquity. I just do it as a fun way to stack. I get some nice rings for my wife too :)

I had never heard of the $100 for $100. Is it legal tender? Can you really take it to a bank for a $100 bill? And is there shipping or other costs?

Sounds odd but intriguing. Also, like you said, seems like a sham. Selling $20 of metal for $100... Then again, it costs only 7.8 cents to make each 100 bill here in the US, so if I had to choose between a $100 bill and a $100 coin that at least had SOME amount of its worth in silver I'd want the silver. However, people MAY call the cops if you try and spend something like that :P

I have heard of cops being called for $2 bills! The scary part is when the cops think the $2 bills are fake too!

First its a nice video with all the coins, I like it.

What I dont like is IF one is buying for stacking right now is a bad waste of money right now. Until silver starts moving in some direction I have no interest.

As a collector, I like the fact that prices have come down as it has made all coins cheaper :D

@broseph...


as long as you are doing well,, thats the most important thing. I dont want anyone getting smoked by silver or gold.

I have no clue what happens here with prices. Out side of my job as a trader I do have opinions on the metals but I keep those locked away so as not to interfere with my job.

To me, whether they go up or down I will make money. But because I know the vast majority dont have this advantage, I just hope they do not tank and find some footing and stop going down at some point.

As a collector, I do like seeing prices tank and knowing where they are going to a degree because I been able to snatch coins and plug holes at the prices I want to pay. Yes, many times the prices drop even from where I bought, BUT I feel good because I am NOT buying at the top as I collect. So long as I can grab a discount, from a collecting stance, I am not bothered.

I wish you well in your endeavors.

My attachedness to my hoard depends primarily on my fanatical standing. I can always replace anything I sell. Of course there are pieces I would never sell, but those pieces are terribly expensive anyway.

How much were they originally from the mint? With shipping?

Actually, it says free shipping. If it costs $50 and its FV is $50... isn't that just like a $50 bill made of silver? Meaning it will always be worth at least $50?

Banks in Canada are suppose to accept the 20/20 50/50 100/100s but its not as easy as walking in and exchanging them at the teller, you will most likely have to get the manager and is he is not up to speed on the process then they will have to call the Mint and then maybe 2 hours of waiting and some paper work, if that bank has done it before then it maybe a shorter wait.

I have not done it personally but have read posts of people here in Canada who have taken them to banks, its possible some banks will just straight up say no if they dont know about them.

I think banks and cashiers simply need to know what is legal currency. The treasury should make an instructional video showing current legal tender.

Then again, they would still have to limit it to the more common stuff. There are a LOT of coins that are legal tender that they will never see.