xrMike
Active member
- Messages
- 114
I purchased ~$3K worth of silver rounds a long time ago, before it hit its previous all-time high of $50/oz many years ago. I paid $40/oz back then. But then it crashed much lower than that. My wife was pissed and said: "No more investments for you!" 
But I hung onto them, thinking eventually it would come back and I could sell at a profit. I could do that now and double my money, but NOT doing that because I think it will go much higher. Continuing to HODL for now...
I am thinking about making another purchase, only for junk silver this time. Done some research and junk silver (meaning pre-65 dimes, quarters, and half-dollars) seems like the cheapest way to buy in. It's cheaper because the premiums they charge for junk are lower than 1 ounce silver rounds or bars.
My research shows that no matter what the face value of the coins are, all junk silver contains .715 oz of silver for every $1 of face value. Meaning, 10 dimes = .715 oz, 4 quarters = .715 oz, and 2 half-dollars = .715 oz. That's pretty cool, that the U.S. government did it that way! Very logical.
Then I did some simple maff. At ~$80 current spot price, coin face values = current fiat dollars:
• dime = $5.72
• quarter = $14.30
• half dollar = $28.60
That means each coin is now worth 57.2 times it's original face value!!! That's freaking crazy, and goes to show how much the dollar has devalued since 1964. Or at least that's what I think it means...
I have a fair amount of cash lying around, for emergencies. Anyway, I was going to spend another ~$3K very soon. Seems like "Money Metals" is the cheapest place to buy from, cheaper than APMEX and others. Also, dimes and quarters have a lower premium than half-dollars:
Or I can buy smaller amounts every month this year and dollar-cost-average instead. But if silver does go up to $100+ this year, probably better to spend the $3K now?
Appreciate any opinions and advice on tactics, other sellers, etc. Thanks!
But I hung onto them, thinking eventually it would come back and I could sell at a profit. I could do that now and double my money, but NOT doing that because I think it will go much higher. Continuing to HODL for now...I am thinking about making another purchase, only for junk silver this time. Done some research and junk silver (meaning pre-65 dimes, quarters, and half-dollars) seems like the cheapest way to buy in. It's cheaper because the premiums they charge for junk are lower than 1 ounce silver rounds or bars.
My research shows that no matter what the face value of the coins are, all junk silver contains .715 oz of silver for every $1 of face value. Meaning, 10 dimes = .715 oz, 4 quarters = .715 oz, and 2 half-dollars = .715 oz. That's pretty cool, that the U.S. government did it that way! Very logical.
Then I did some simple maff. At ~$80 current spot price, coin face values = current fiat dollars:
• dime = $5.72
• quarter = $14.30
• half dollar = $28.60
That means each coin is now worth 57.2 times it's original face value!!! That's freaking crazy, and goes to show how much the dollar has devalued since 1964. Or at least that's what I think it means...
I have a fair amount of cash lying around, for emergencies. Anyway, I was going to spend another ~$3K very soon. Seems like "Money Metals" is the cheapest place to buy from, cheaper than APMEX and others. Also, dimes and quarters have a lower premium than half-dollars:
Or I can buy smaller amounts every month this year and dollar-cost-average instead. But if silver does go up to $100+ this year, probably better to spend the $3K now?
Appreciate any opinions and advice on tactics, other sellers, etc. Thanks!
