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Question Please About Opm Rounds

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Domain555's Avatar
United States
1804 Posts
 Posted 04/05/2014  09:10 am Show Profile   Bookmark this topic Add Domain555 to your friends list Get a Link to this Message Number of Subscribers
Question Please about OPM Rounds.

To have a few survival items.....

What is your thoughts on OPM(s)

Or would you go with junk silver coins? Dimes, Quarters Half Dollars.
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Fat Freddy's Avatar
United States
1200 Posts
 Posted 04/05/2014  12:13 pm  Show Profile   Bookmark this reply Add Fat Freddy to your friends list Get a Link to this Reply
Generic private mint rounds are generic private mint rounds--OPM, APMEX, Heraeus, NWT Mint, Sunshine, Scottsdale, SilverTowne, etc--take your pick. The only ones that carry any
collectors premium are the Engelhard Prospectors and some of the J-M rounds, which all went out of production years ago. Aside from those, all the others are in the same league.

Just a personal feeling, but... If I was looking at what to build a stack out of, I wouldn't look at it as just a "generic rounds vs. 90% junk" consideration. I'd build it out of a mix of bullion
coins (ASEs, CMLs, Libertads, Philharmonics, etc), generic private mint bars (1oz and 10oz), generic private mint rounds and "semi-numis" bullion (proofs, Kooks, Perth Lunars,
Britannias, Pandas, etc). A lot of this is personal tastes, but I think a diversified and balanced stack is preferable so you don't get caught sitting on a pile of one thing that may go out
of style and lose broad-based popularity and therefore liquidity. Generic rounds and 90% junk have their places, but they're nowhere near being everything.

It's really all personal tastes and outlook. Whatever you stack is subject to value appreciation or devaluation following the fickle and unpredictable ups and downs of spot price.

All that having been said---now, cue the "proofs only," "semi-numis only," "90% only," "bullion coins only," "generic .999 only" and "don't buy any silver at all" camps to take the stage...
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Fusion555's Avatar
United States
269 Posts
 Posted 04/05/2014  1:15 pm  Show Profile   Bookmark this reply Add Fusion555 to your friends list Get a Link to this Reply
If it is purely for survival items I would go with the rounds, in a survival situation no one is going to be looking up the value of junk coins.
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Libertad's Avatar
Canada
3692 Posts
 Posted 04/05/2014  7:18 pm  Show Profile   Bookmark this reply Add Libertad to your friends list Get a Link to this Reply
I've found the best bars right now are Monarch cast bars. They are very close to spot and they are hard to fake. That and they make you dizzy when you look at the surface, so many natural bumps of shininess!
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traevin's Avatar
United States
1454 Posts
 Posted 04/05/2014  7:24 pm  Show Profile   Bookmark this reply Add traevin to your friends list Get a Link to this Reply
The few survival sights I've perused almost universally prefer junk silver, due to its immediate recognition factor, although a great many people will have to be educated about the difference between pre-1965 coinage and all the clad junk that came after (with the exception of the 40% coinage that had a small run after that date).

As hard as it is to imagine, as a card-carrying member of the numismatic niche market in which we are happily cocooned, the average person wouldn't know an ASE or Maple from any other generic round. One can safely assume most silver, in all its myriad forms, will all be almost completely foreign to them. But anything stamped sterling silver and USA will, eventually, be a great selling point for what remains of the hoi polloi.

OTOH, in a survival situation, staples and everyday goods that actually aid in helping you, you know, survive, are going to have far more tangible value that silver or gold.

Only after things settle down and bullets stop flying, the world's nuclear arsenals are all spent, the zombie apocalypse is at least somewhat under control, bandits take periodic breaks from raping and pillaging your wives and daughter, the militias stop stealing (or appropriating, as the more considerate soldiers might pause to say as your house is ransacked of any valuables in sight), plagues and laboratory-concocted viruses are done weeding out the very young and infirm with equal indifference, religious extremists are through burning heathens at the stake, and EMPs have finished wiping out all electronics than aren't ridiculous hardened, essentially sending what's left of society back to the 1800's, will some PM exchange be viable.
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Northerncoins's Avatar
Canada
2019 Posts
 Posted 04/05/2014  8:02 pm  Show Profile   Bookmark this reply Add Northerncoins to your friends list Get a Link to this Reply

Quote:
Only after things settle down and bullets stop flying, the world's nuclear arsenals are all spent, the zombie apocalypse is at least somewhat under control, bandits take periodic breaks from raping and pillaging your wives and daughter, the militias stop stealing (or appropriating, as the more considerate soldiers might pause to say as your house is ransacked of any valuables in sight), plagues and laboratory-concocted viruses are done weeding out the very young and infirm with equal indifference, religious extremists are through burning heathens at the stake, and EMPs have finished wiping out all electronics than aren't ridiculous hardened, essentially sending what's left of society back to the 1800's, will some PM exchange be viable.


Ya anything is possible...you forgot an invasion by space aliens..



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Libertad's Avatar
Canada
3692 Posts
 Posted 04/05/2014  8:15 pm  Show Profile   Bookmark this reply Add Libertad to your friends list Get a Link to this Reply
Lol, that comes after the zombies. You can't have a crisis without a backup crisis.

The thing with 90%ers that most survivalists ignore is that you have to use circulated coins with no numismatic value and those coins are worn down. Therefore you need a scale for each transaction, otherwise you'll have widespread shaving of coins once again and a renewed distrust of money. One troy ounce is the standard for trade so until we can decide on smaller amounts to use as national currency the 1 ouncers will have to do.

As for EMPs, just buy an old car without electronics.

OPM is alright. But the best survival items are food and bullets. They both prolong your life, food moreso. Silver will not save your life, it'll only weigh you down. Cigarettes would IMHO be a better currency than gold or silver.
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fistfulladirt's Avatar
United States
4333 Posts
 Posted 04/06/2014  05:26 am  Show Profile   Bookmark this reply Add fistfulladirt to your friends list Get a Link to this Reply
I agree, never understanding how silver would help one in a survival situation.

Unless it be colloidal silver, used as an anti-bacterial agent.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Fat Freddy's Avatar
United States
1200 Posts
 Posted 04/06/2014  07:48 am  Show Profile   Bookmark this reply Add Fat Freddy to your friends list Get a Link to this Reply
Maybe that slingshot celebrity guy Jeorg Sprave could design a coin-shooting slingshot gun that could be used as a close-in defensive weapon. Silver coins could be used on vampires and werewolves.
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traevin's Avatar
United States
1454 Posts
 Posted 04/06/2014  4:41 pm  Show Profile   Bookmark this reply Add traevin to your friends list Get a Link to this Reply

Quote:
Maybe that slingshot celebrity guy Jeorg Sprave could design a coin-shooting slingshot gun that could be used as a close-in defensive weapon. Silver coins could be used on vampires and werewolves.


You reminded me of an 1980's movie called Young Guns. The main character, Billy the Kid, used a shotgun, loaded with silver dimes, to kill a sheriff.

New Member
Canada
12 Posts
 Posted 04/15/2014  01:21 am  Show Profile   Bookmark this reply Add Tola to your friends list Get a Link to this Reply
OPM rounds are awesome. They look real nbice and they are pure 99.9% silver. In Canada, that makes a big difference between OPM rounds and junk silver. I dont like junk silver. Sunshine mint rounds are good too.
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