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Silver Washington At The Restaurant Today

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junior e's Avatar
United States
931 Posts
 Posted 05/13/2011  3:10 pm Show Profile   Bookmark this topic Add junior e to your friends list Get a Link to this Message Number of Subscribers
My wife just called and told me she got a really nice toned 1964 Washington at her restaurant today. I just can't believe that people are still spending silver quarters with all of the publicity in silver prices. I'm glad the price is cutting back. This is definitely turning into a great buying opportunity IMHO. My wholesale bullion dealer is listing ASE's for $37 and change today. I still believe the market is going higher so I'm going to pick up a couple rolls of twenty this weekend. The dollar is gaining strength for almost no fundamental reason. The Euro is dropping so the dollar climbs. I believe the Yuan is eventually moving into the position of reserve currency of choice worldwide or possibly the Swiss Franc longterm. I think this movement between the Euro and the Dollar will be a moot point in the long run.
Edited by junior e
05/13/2011 3:21 pm
Bedrock of the Community
DVCollector's Avatar
United States
10045 Posts
 Posted 05/13/2011  3:17 pm  Show Profile   Bookmark this reply Add DVCollector to your friends list Get a Link to this Reply
It's worth about $6.33 in silver content--nice tip!
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w1a9c8k5's Avatar
United States
1348 Posts
 Posted 05/13/2011  3:24 pm  Show Profile   Bookmark this reply Add w1a9c8k5 to your friends list Get a Link to this Reply
who is your silver dealer. I want to buy!
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JackB's Avatar
United States
1064 Posts
 Posted 05/13/2011  3:27 pm  Show Profile   Bookmark this reply Add JackB to your friends list Get a Link to this Reply
Good find! I have to admit, I don't really look closely at my change anymore, I'd have to pull my specs out every time as the dates have gotten too small! It seems from perusing all these recent threads that you're as apt to get an accidental beauty such as yours, as those folks that search through hundreds of rolls - the inevitable scarcity of circulating treasures!
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junior e's Avatar
United States
931 Posts
 Posted 05/13/2011  4:42 pm  Show Profile   Bookmark this reply Add junior e to your friends list Get a Link to this Reply
My bullion dealer is an advertiser on this site. Google search "GoldCoinsGain.com" and the company is Aurum Advisors. They run a bright blue ad with a gold American Eagle on it. I recently bought a one ounce Buffalo from them and it now resides in my safe, so they do follow through. The only problem I could see with them is that you lock in your price with a credit card and mail them a check or money order within five days. Otherwise you pay a 4% penalty for the credit card fees. It takes approximately 15 days after your check clears for them to ship. They tell you that right up front but they are true to their word. By the time I got my Buffalo I had paid $30 under spot, so for me it worked out well. The shipping charges are a flat $24 and they only ship FedEx overnight. I have to admit the wait was bothersome to me, but their prices are the lowest I could find. Also, the bullion coins are not graded as they are shipped in a safety flip wrapped in bubble wrap. The Buffalo that I received is a problem free beauty though. The salesman I dealt with was a British guy named Stuart. He was very helpful.
Edited by junior e
05/13/2011 4:50 pm
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JackB's Avatar
United States
1064 Posts
 Posted 05/13/2011  4:46 pm  Show Profile   Bookmark this reply Add JackB to your friends list Get a Link to this Reply
Interesting reply!
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harrison2's Avatar
Mexico
1304 Posts
 Posted 05/13/2011  4:59 pm  Show Profile   Bookmark this reply Add harrison2 to your friends list Get a Link to this Reply
iiiiiinteresting
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Silverhawk74's Avatar
United States
3670 Posts
 Posted 05/13/2011  10:00 pm  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
Many coin/bullion Internet dealers allow you to save money by sending MO, instead of making electronic credit payment, which costs like most everything else, an I think the higher the cost, the higher the charge. Could be wrong on that....

I am impatient, but if I can make that type of substantial saving, no problem to wait....

Most would charge a bit over spot, and you got for 30 less, which probably translates to a 1 oz. silver round....
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junior e's Avatar
United States
931 Posts
 Posted 05/14/2011  09:02 am  Show Profile   Bookmark this reply Add junior e to your friends list Get a Link to this Reply
The wait was difficult for me. Also there was a glitch on their website. When I logged in to check my account it always showed that I had not payed (I had spent $18 to overnight them Postal Money Orders). My representative told me that it was a glitch, but when it's my $1500 I prefer not to have any glitches. In the end I received my coin overnight even though I live on a farm near a small town. I will buy my silver from them, but I was getting nervous.
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Earle42's Avatar
United States
10038 Posts
 Posted 05/14/2011  10:18 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply
I am not surprised people are still spending silver. Let's face it, when you watch shows on TV where so many people on the street, randomly picked, cannot even tell you who the Father of our Country is, do we really expect them to take the time to research when silver coins were made (if they even know that today's coins are not silver)?
How much squash could a Sasquatch squash if a Sasquatch would squash squash?
Download and read: Grading the graders
Costly TPG ineptitude and No FG Kennedy halves
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Ed_B's Avatar
United States
4008 Posts
 Posted 05/14/2011  10:30 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply

Quote:
I am not surprised people are still spending silver.

That does not surprise me a bit. What DOES surprise me is that ANY US silver coins have survived the predations of the coin hunters of the world to still BE in circulation! It's been so long since I last saw a circulating US silver coin that I have stopped looking. It's just more effort than it is worth for that 1 in a 100,000 or so chance of finding one.
Valued Member
Flook's Avatar
United States
172 Posts
 Posted 05/14/2011  10:40 pm  Show Profile   Bookmark this reply Add Flook to your friends list Get a Link to this Reply
well you have to think now that the past generations that are passing away and leaving their collections to kids and grand kids t hat have no clue what they are take the "known" Washington quarters and halves and use them as currency because grandpa had $50 in quarters in his collection....easy money for a highschool or college kid thats starving for money....little do they know that $50 in quarters is worth over $300.......
I am saying this because my grandfather just recently passed and left me his collection....im 22 and if I was not apart of this site and had interest in coins I woulda had no clue that his dimes and quarters were 90% silver......the fact that you are finding them in circulation could be due to the "original collectors" passing there collections down to the next generation that is not preserving the history!
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Ed_B's Avatar
United States
4008 Posts
 Posted 05/15/2011  11:17 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply

Quote:
the fact that you are finding them in circulation could be due to the "original collectors" passing there collections down to the next generation that is not preserving the history!

You know, that just could be what is happening... so we better jump in there and SCOOP them up!
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junior e's Avatar
United States
931 Posts
 Posted 05/16/2011  10:03 am  Show Profile   Bookmark this reply Add junior e to your friends list Get a Link to this Reply
When I was a kid in the sixties a quarter was worth five packs of baseball cards, five candy bars, five packs of gum, two comic books, etc. At that time in history I hate to think how many silver coins I spent. A Mantle card was worth way more to me than precious metals. Live and learn.
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swrbxxx's Avatar
Canada
834 Posts
 Posted 05/16/2011  10:34 am  Show Profile   Bookmark this reply Add swrbxxx to your friends list Get a Link to this Reply
I'd rather have a bunch of Mickey mantle cards then some silver quarters that's for sure
Valued Member
United States
284 Posts
 Posted 05/16/2011  12:10 pm  Show Profile   Bookmark this reply Add christian_cyclist to your friends list Get a Link to this Reply
A quarter had a lot of buying power in the past. Inflation has killed it. What can you buy for a quarter nowadays?

I took my 5 year old to Target to buy him a little treat for some good behavior. We have a little star chart and when he accumulates some stars he can pick something out. I told him he could have anything he wants for $2 or less. As we're wandering up and down the toy aisle there is hardly anything less than $2! Hotwheels and Matchbox cars were $1.09 but after that the next cheapest thing was $2.99. Most toys were between $3 and $15. That was the sweet spot. And this is all just cheap Chinese made stuff! He's not into cars and I didn't want him to feel like I was punishing him for tempting him and having him walk out with something he didn't like. I ended up bumping the limit up to $10 so he could get a set of Squinkies (Google them).

I know I could have kept the limit at $2 since that is what I told him before we entered the store. Tough luck, right? But it was also my own fault for being naive thinking that a dollar could buy something. He's been enjoying the Squinkies and he's been narrating stories to me about who is doing what. His imagination has been running wild with these things. So I suppose it was a worthy toy purchase.

Still, I can't help but cringe from realizing what inflation has done to our money and buying power. Soon we won't have coins in sub-dollar ranges. We'll just have dollars.

-- Boris
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