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 Replies: 27 / Views: 3,794 |
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Valued Member
United States
253 Posts |
I have gone to my local shop several times to get some "BULK' "JUNK" and he tells me that it is gone as soon as it comes in the door.
Now my question is , With the present world economic climate (pretty scary) Could they, Are they, The people hoarding the coinage for fractional monetary silver. Hedging against a possible world economic collapse. Or just speculating on the rise. Why coins when bars and rounds are easier to store? Any thoughts on this?
Coggie (aka Jeff
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Pillar of the Community
United States
3294 Posts |
Why would bars and rounds be easier to store then coins? Is it because the rounds are 99.9% and the coins are 90%, because that is only about 10% easier to store, and it is a lot easier to make change on a silver dime then a 1oz silver round if the fecal matter contacts the oscillating air-blower.
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Moderator
 United States
187671 Posts |
Just my opinion, but I have to disagree, coins are no more difficult to store than bars or rounds. I am sure they are being bought as both a hedge and for profit; with profit being the more likely reason.
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Pillar of the Community
United States
1256 Posts |
Yes  One thing about coins in a barter scenario is people will recognize them as such. I agree with Jbuck that it's more likely hope for the best rather than prepare for the worst. Edited by timsumrall
11/18/2010 2:58 pm
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Pillar of the Community
United States
3278 Posts |
Silver has risen tremendously the last 6 months or so (as we all know)
and everybody is getting on board for the ride.
Sometimes that means a bubble is upon us but I don't know about that.
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Pillar of the Community
United States
3278 Posts |
Big jump in silver today.
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Pillar of the Community
United States
1256 Posts |
If I had bought a lot of silver in the past month, I would be a little antsy.
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Pillar of the Community
United States
4212 Posts |
I think the big scramble for silver is about done. Craigslist here is polluted with it. Or maybe it's people needinG X-Mas $$.
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Valued Member
 United States
253 Posts |
When I said easier to store in my personal experience the tubes I use for my rounds vs the tubes for my coins, By weight and space in the safe the rounds take much less space.And if you go by purity and true weight it takes even less. So to speak But then again silver is silver no matter what the form Coggie |
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Pillar of the Community
Canada
3692 Posts |
timsumrall: I have to disagree with you. If you showed the average Joe a silver dime and a 1 oz round they might still confuse the dime for a regular one. Most people, in my experience, just don't know the difference.
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Moderator
United States
187671 Posts |
Quote:
When I said easier to store in my personal experience the tubes I use for my rounds vs the tubes for my coins, By weight and space in the safe the rounds take much less space.And if you go by purity and true weight it takes even less Thank you for clarifying your reasoning.  |
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Valued Member
United States
451 Posts |
I think buying silver coins instead of rounds/ bars gives silver the added advantage of being sold later for numismatic value also. That is why I would want to buy silver coins instead of silver bars.
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Valued Member
United States
463 Posts |
also that they were backed by a gov which used to believe in the gold/silver standard, but you should IMHO should have at least one roll of (ASE, maples, onzas, etc). The only thing I dont like about .999 is that your paying a preieum on them, unlike junk silver and usually get a spot
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Valued Member
United States
98 Posts |
What's the difference between "spot" and "melt"? It seems that people are using these terms interchangeably on this forum. For example "I just bought this coin at spot." or "I just bought this coin under melt."
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Pillar of the Community
United States
1256 Posts |
Libertad: point taken. hadn't thought about confusing Mercs with new dimes. note to self: stay away from average Joes :)
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Valued Member
United States
253 Posts |
 So what I'm getting is "They" are hoarding bars and rounds for large deals, and coins for fractional deals  After the world economic Apocalypse  |
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Replies: 27 / Views: 3,794 |
Posted 11/18/2010 2:30 pm
