How Rare is Junk Silver Really?

How rare is junk silver today? Probably a lot more than you think! The best collective guess today is that only $500 million dollars (face value) of "junk silver" (pre-1965 90% silver dimes, quarters, halves) are still in existence today. The rest was melted down in the "Great Melt" of 1979 and 1980 when silver reached $50 an ounce. The tales from coin dealers in business during those tumultuous times speak of thousands and thousands of bags of junk silver lost to the refinery cauldrons. If we divided the existing silver coins among the 307 million Americans alive today, we'd have only about $1.63 available per person.

To put these numbers into perspective, let's look at just the US mint production of the base metal "State Quarters" for 2009. Over 2.4 billion quarters were minted which translates into $609 million dollars in face value. That's over $2.00 worth or 8 quarters per US citizen! Moreover, I've read that about 145 million Americans are wasting their time and scarce resources to hoard these worthless base metal slugs destined for the scrap heap of history. It's been so long since "real money" was in circulation that the average American no longer has any conception of good from fake money.

The moral to this little story? Buy as much junk silver from Apmex.com and ebay as you can afford and hold onto it as a hedge against future inflation and hyperinflation. When the final economic descent happens, it'll be too late to buy real money at any cost in paper money FRN's.

Time is running out fast! Hyperinflation seems unavoidable as fiat paper money is being printed as fast as the US presses can run. To protect your wealth and your family, buy gold and silver now from these top companies (below):

Rick

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Junk Silver & Eagles vs. Silver Rounds!

Objectively speaking, an American Silver Eagle (ASE) coin, one oz. of 90% junk silver coins ($1.40 face value), and a one troy ounce silver round are exactly the same. Silver is, after all, silver. However, I recommend buying ASE's and 90% junk (pre-1965 dimes, quarters, halves, dollars) rather than privately minted silver rounds, even though the former two are a bit more expensive than the latter.

Why?

Should an economic collapse occur (and assuming basic law & order is maintained or at least locally reestablished), Americans will go through a crash course in trading and real money. Initially, I expect FRN's (paper dollars) will still be exchanged due to long habit even though they have all reverted to their inherently worthless state. Next, the 90% junk silver (pre-1965 dimes, quarters, halves, and dollars) as well as the ASE's will make an appearance in trade. US minted coins will matter and their value more readily recognizable and universal.

Privately minted money in the form of rounds is an alien concept to Americans, and to the citizens of the world today. I expect this prejudice to be around a long time despite the inherent logic of the silver is silver argument.

Time is running out fast! Hyperinflation seems unavoidable as fiat paper money is being printed as fast as the US presses can run. To protect your wealth and your family, buy gold and silver now from these top companies (below):


Rick

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Best Places to Buy Survival Gold & Silver!

There are many pitfalls to face when deciding what and where to buy your silver and gold for investment or survival purposes. It's easy to fall prey to fast-talking sales people and radio, tv, and internet hustlers. Based on my personal buying experiences, and thousands of hours spent researching the topic, I can offer some easy and quick advice to avoid getting cheated out of your valuable precious metal funds.

1. Gainesville Coins www.gainesvillecoins.com
The National Inflation Association (NIA) http://inflation.us/ has rated this vendor number #1 for bullion sales. I've bought gold and silver American Eagles from them by wire at very competitive prices and received a flawless product promptly. Rick's Recommendation: Stick with the Gold and Silver American Eagle coins. Avoid foreign coins like the plague. Americans don't like foreign languages and the precious metal content isn't always indicated.

2. APMEX APMEX Gold and Silver
I like APMEX for their "junk silver" pre-1965 90% silver coin selection. Rick's Recommendation: Stock up on the 90% junk silver. Avoid the 40% clads, war nickels, and proof sets. Competitive prices and good products.

3. Ebay www.ebay.com
What can I say that hasn't already been said? You can get some deals here on junk silver and gold & silver bullion if you're willing to invest the time in locating auctions and being disciplined about your bidding. Make sure to check the seller's rating and look for 100% positive responses whenever possible. Rick's Recommendation: Use the Coinflation.com silver and gold calculator to determine how much you should bid on bullion and junk coins and stick to your guns.

BEWARE: Hyped companies like Goldline International www.goldline.com are targeted to those new to silver and gold purchasing, as well as those who fear another government gold confiscation as happened in 1933. Sales people encourage customers to buy foreign gold coins as "collector items" at prices that are substantially higher than other online competitors. All those radio, TV, and internet ads cost a bundle, and the company's pricing seems to reflect these inflated costs.
Rick's Recommendation: Steer clear of all foreign and collector's coins. They're just code words for spending a lot of money for less precious metal and/or coins that will be difficult to trade. The same thing goes for brilliant uncirculated BU coins, proof sets, first strikes etc. Unfortunately, the Goldline website seems to cater to all these questionable investments to the virtual exclusion of production gold and silver American Eagles.

Time is running out fast! Hyperinflation seems unavoidable as fiat paper money is being printed as fast as the US presses can run. To protect your wealth and your family, buy gold and silver now from these top companies (below):

Rick

Note: I own gold and silver coins purchased from Gainesville, APMEX, and Ebay. My article is based on my purchasing experiences, and your mileage may vary. The bottom line is DO YOUR OWN RESEARCH AND DUE DILIGENCE BEFORE BUYING ANY GOLD AND SILVER! Do NOT just take my word, or the word of anyone else, as Gospel when making any investment decision.

The New World Order Presidential Coin

The New World Order Presidential coins are making the next incremental step towards their godless "Big Brother" agenda. Over 1.1 billion of these gold-colored abominations have already been minted, and if laid atop one another would stretch 7 times higher than the international space station. To add insult to injury, taxpayers are paying for these things to be warehoused as banks, business, and Americans want nothing to do with them!

The words "In God We Trust" prominently featured on past US coins have been exiled to the rim to make space for a larger portrait. The word "Liberty" mandated on all US coins per the Coinage Act of 1792, has been eliminated with the transparent excuse that the picture of the Statue of Liberty and other similar images are representative enough of Liberty!

I can only imagine the reaction of the modest and noble George Washington to the exile and disappearance of these two all important phrases and concepts for which so many suffered to allow for a bigger idol-like portrait of himself!

In George Orwell's master work, "1984", the goal of the almighty state was to control the populace and eliminate all dissent by eliminating the very words and concepts of freedom and liberty. It seems to me the new Presidential coins are definitive steps in that forbidding direction!

Do NOT accept the new Presidential coins. Reject them categorically and the implied slavery of the state that they represent.

Time is running out fast! Hyperinflation seems unavoidable as fiat paper money is being printed as fast as the US presses can run. To protect your wealth and your family, buy gold and silver now from these top companies (below):

Rick

CLICK ADS BELOW FOR FREE DISCOUNT!

Goldline International Scam Investigation Opened!

An investigation has been launched by Democratic Congressmen Weiner & Rush, of the selling practices of Goldline International. Goldline uses high profile conservative firebrands like Glenn Beck to promote their gold & silver coins and bullion. I believe the investigation by the government of Goldline is politically motivated, and represents yet another glaring example of the "Big Brother" mentality that seemingly has engulfed our nation.

My own review of their online selling practices and their website reveals they primarily profit by selling gold and silver coins at extremely high prices to novices, incited by inflammatory ads featuring conservative icons. The company especially seems to prefer non-bullion numismatic coins as their "true value" is much more nebulous, and not directly linked to silver and gold prices (as are bullion coins). The sales pitch relies heavily on worries about the economy and a possible Federal government confiscation of non-numismatic gold coins, as happened in 1933 under FDR. Goldline claims profit margins of 30-35%, but I suspect they actually soar as high as 67% on their favorite coin, the Swiss 20 Franc gold coin! On the other hand, competitors like Amergold.com offer the same coins at only about a 13% market up!

The Swiss coins contain 0.1867 troy ounces of gold, and are a little smaller than a nickel. The coin is promoted as a rare numismatic coin, and therefore likely exempt from any future government mandated confiscation. In reality, however, the coin is actually quite common and is of little numismatic value. Their website also spends a lot of time selling First Strike, Proof, and other coins that usually demand high premiums above and beyond their gold or silver content.

You can read my other blogs for more information, but I've said previously that most Americans should concentrate on American pre-1965 dimes, quarters, halves, and dollars (junk silver), and American Silver or Gold Eagles from Gainesville Coins or Apmex if they don't want to be ripped off. Bottom line, you'll get a lot more silver and gold for your buck. The numismatic and specialty coin premiums are much higher and more volatile than bullion investments, and easily evaporate in periods of severe economic instability. However, do your OWN research first BEFORE buying. Take no one's word, (including mine), as to the best investment vehicles for your particular situation. DO YOUR OWN DUE DILIGENCE, PEOPLE! Don't rely on Uncle Sam to always be there to correct your ignorant or lazy mistakes!

Time is running out fast! Hyperinflation seems unavoidable as fiat paper money is being printed as fast as the US presses can run. To protect your wealth and your family, buy gold and silver now from these top companies, APMEX Gold and Silver and Silver American Eagles.

Rick

China Promises Not to "NUKE" the US!

China Promises Not To Use "Nuclear" Option And Buy Gold, Dump US Assets!

China owns $2.45 Trillion US Dollars. That gives them a "nuclear option" of power over the US. If they were to dump these assets all at once buying gold, silver, or other real investments, the US dollar would become virtually worthless overnight! You'd be lucky to get buying power of $0.10 on the dollar. An actual nuclear bomb dropped on a US city would actually do a LOT LESS damage to the US than such an economic move.

How did we let the Chinese get such a stranglehold on our nads?

PS. We can trust the Chinese to be honorable men of their word, right?! :(

"Government is the only agency which can take a useful commodity like paper, slap some ink on it, and make it totally worthless."

Inflation Stole My Houses!

In 1913 the Average House cost $3,400 - a millionaire could buy about 295 average homes.

If you bought gold in 1913 with your million dollars at $20 an ounce you'd have bought 50,000 ounces. The value of the 50,000 ounces today would be about $60 million dollars.

In 2010 the average house cost around $200,000 with gold at $1200 per ounce. With $60 million dollars you could buy about 300 homes!

If you kept the cash in, well, cash... you could buy 5 WHOLE HOMES now! What happened? The government and the Big Bankers stole your money using a sly instrument called INFLATION.

If a man offers you gold or silver and you decide to take green paper instead - then I've got a bridge in Brooklyn for SALE with your name on it!

Time is running out fast! Hyperinflation seems unavoidable as fiat paper money is being printed as fast as the US presses can run. To protect your wealth and your family, buy gold and silver now from these top companies, APMEX Gold and Silver and Silver American Eagles.

Rick

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