Junk Silver or .9999 Silver Coins in an Economic Collapse Scenario?

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DrHenley

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Every coin book has the weight, percentage, and a picture of each type of junk silver coin. And I think the denominations are proportional or am I wrong? Like a dime actually has 1/10 as much silver as a silver dollar. And the silver dollar is about 3/4 of a silver ounce. And they look and sound familiar. them
The 90% silver coins less than a dollar all have a weight and silver content exactly proportional to their face value, but the silver dollar has slightly more silver proportionally. You can count the total face value of a pile of American 90% silver coins (except silver dollars) by just weighing the pile and dividing the weight in grams by 25. Provided of course that they aren't badly worn.
So for the smaller coins there is 25 grams total weight per dollar, and .7234 Troy ounces of silver per dollar.
For the silver dollar, it is 26.73 grams per dollar, and .7734 Troy ounces of silver per dollar (close to 3/4 of an ounce like you said)
 

Schlack

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Do you not have a cell phone? If you do then you are one of the "those".
A cell phone? Jupp. A smartphone? No.
Actually I don´t know where that thing hides. (Again)

I prefer assessing people eye to eye. The most of us are "those" und play mostly by the rules. I think, that will change fast, when the strangling of personal freedoms goes on. And so will bartering with goods and coins.
 

GeorgiaPeachie

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Especially then you need some kind of cash to trade out of the sight from those who evaluate you.
Do you know the plans of the WEF/NWO? They plan to enslave the world population (what is left of it after they kill many with the VAX) . The “free money” is part of it…but of course you have to be their slave. No choices. No freedoms. Die when they choose.
 

DrHenley

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As an aside, I collected some old silver British coins ("Vickies" and "Lizzies") and for someone used to decimalized coinage, the old British system was totally bewildering to me at first. But once I understood the rhyme and reason of it, I found it to be actually quite clever and found it had some advantages over decimalized coinage.
Try dividing a Dollar evenly three ways. Once upon a time, not only could you divide a Pound Sterling evenly 3 ways, you could do it with three of the same coin - the Noble which was worth 1/3 of a pound.
Just for giggles I sat down and tried to figure all the different ways you could evenly divide a Pound Sterling given all the different coins available at various times.
A pound sterling can be evenly divided by
2 (2 x 10 Shillings)
3 (3 Nobles)
4 (4 Crowns)
5 (5 Double Flourins)
6 (6 Half Nobles)
8 (8 Half Crowns)
10 (10 Florins)
12 (12 Quarter Nobels)
15 (15 Shillings and 15 Fourpence)
16 (16 Shillings and 16 Threepence)
20 (20 Shillings)
24 (24 Fourpence and 24 Sixpence)
30 (30 x 2 Fourpence)
32 (32 Sixpence, 32 Pennies and 32 Half Pennies)
Well, you get the idea, so forth and so on with 40, 48, 60, 64, 75, 80, 96, 120, 160, 192, 240, 320, 480, 640, 960, and even 1920 (1920 Half Farthings)
 
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I would stock up on both. The lower percentage coins are good for trade, but I like to keep some of the pure stuff on hand too as it is good for making interesting things (antiseptics, mirrored surfaces, explosives, photosensitive materials etc). If you want to test if something is pure silver, put a drop of dilute nitric acid on it. If you see anything besides clear acid or a white precipitate (such as green, which would indicate copper), you'll know its not pure. Most people trying to pass of fake bars use alloys of non-magnetic metals. Very rarely will a magnet tell you anything.
 

kbmonday

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I only keep the 90% coins because they need not be weighed and are easily recognized. If you are planning on using silver as a trading medium be prepared for most people to be clueless as to identifying real silver or having the equipment for it. If you find someone with a trade good you need, it's best to have a reliably identifiable form of precious metal. I know if I am trading for silver I would only accept coins due to the possibility of fraud. I also don't want to have to rely on any equipment.
 

Arcticdude

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Over the years I've traded silver and gold for things I wanted. Even trading 100 oz bars I've never been questioned. When I had my placer mine I sold and traded gold fines and nuggets. The fine gold sold for 90% of spot and the nuggets went for double, and sometimes many times over spot. I used mercury to capture the fine gold in my sluice boxes and nitric acid to clean the gold. Be very careful when handling mercury and nitric acid.
 

AndrewB

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I've bought junk silver many times and believe it is very useful. You can do a ton of bartering when SHTF.

Here is a video that explain why it is important:https://youtu.be/2gycgEsHXIc
I buy my silver from patriotgoldsupply.com
 

campandtravel

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You can count the total face value of a pile of American 90% silver coins (except silver dollars) by just weighing the pile and dividing the weight in grams by 25.
That is interesting but if the goal is to get the face values... you can also just look at the faces.
 

campandtravel

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7234 Troy ounces of silver per dollar.
For the silver dollar, it is 26.73 grams per dollar, and .7734 Troy ounces of silver per dollar (close to 3/4 of an ounce like you said)
That is interesting. I didn't know that. I think I would still probably expect people to just lump them in together at 75%, except for the smart people (whom yuo have just educated) who will be sure to follow Gresham's Law and spend the smaller bits first.
 

Stu77000

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The 90% silver coins less than a dollar all have a weight and silver content exactly proportional to their face value, but the silver dollar has slightly more silver proportionally. You can count the total face value of a pile of American 90% silver coins (except silver dollars) by just weighing the pile and dividing the weight in grams by 25. Provided of course that they aren't badly worn.
So for the smaller coins there is 25 grams total weight per dollar, and .7234 Troy ounces of silver per dollar.
For the silver dollar, it is 26.73 grams per dollar, and .7734 Troy ounces of silver per dollar (close to 3/4 of an ounce like you said)
When are you Americans going to get with the times and switch to the metric system :) the imperial system is just so cumbersome and complicated.
 

DrHenley

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When are you Americans going to get with the times and switch to the metric system :) the imperial system is just so cumbersome and complicated.
We use both. For some things, the old system is more intuitive if you just need an approximate measure. Width of your thumb, length of your foot, length of a stride, how far you can kick a football, normal temperature range in temperate regions, distance from your elbow to the tip of your fingers, amount of water in a normal sized drinking cup, how much beer you can drink without getting drunk, etc. None of these have scientific precision, but they don't need to because we live in the real world where things are messy.
 

campandtravel

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I prefer assessing people eye to eye. The most of us are "those" und play mostly by the rules. I think, that will change fast, when the strangling of personal freedoms goes on. And so will bartering with goods and coins.
If that was true, the Patriot Act would have been repealed 15 years ago. Anyone who hasn't stood up so far is dead weight.
 

keepitlow

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Junk silver is your best bet. Gold is too $$. Premium silver is too $$. Go with junk.
 

Antidavos

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Ok, I don't live in the US, but I'm wondering if you have the same situation as over here.

Let's say we go into a worldwide economic collapse scenario where all fiat currency goes to close to zero.
Those with some foresight would have stocked up on food, water, etc. but after that if you still have money left to invest then it is either silver or gold for most.

So my question is - do you go with junk silver, ie. old currency that can have anywhere from 50 - 90% silver content, or do you go for the pretty looking Silver Eagles with .9999 silver content.

Here's why I'm asking. In my country the Silver Eagle type coins have a 40% premium! So on top of the silver content you add 40%. It's crazy. So...

- In a SHTF scenario where trade is taking place people aren't going to be worried about the shiny looking .9999 coins, just the silver content.

- The problem with old currency junk silver is that will the average person on the street recognise and understand that these old coins actually have silver content in them and are worth something?

- To add to that, in my country there is a 50% and 80% 5 Shilling depending on the date of the coin.

So you could be sitting on a pile of silver but people don't want to trade for it.

It is so tempting to go the junk silver route as you can get so much more silver compared to the Silver Eagles, and over time people probably will come to learn that these old coins do contain silver. Certainly preppers will know.

Thoughts?
we have thought about this to, at the end of the day silver is silver regardless of what it is, I always think having some is better then not having any and without the way the economy is going its going metal is a good hedge, history has shown that fiat money becomes worthless as inflation increases.
 

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