Guys - Where is the best place to procure pre 65 dimes? Ive posted on craigslist locally a number of times and keep striking out.
Junk Silver?
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20South
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Since you are looking for coins I would suggest going to a coin shop. I found a phone at a phone store today.
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Ebay also has plenty.
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Would NOT buy off of eBay unless you had a recommendation from someone regarding the seller. Lots of counterfeit silver there.
The best route is to sign up at:
http://goldismoney2.com/forum.php
And buy from someone like "sandro" who is reliable and gives good prices. He sells at spot price (no markup). Typically he likes to sell in $10 face value increments.
Since todays price is $32.96, $10 face value is:
($32.96 * (.715 * $10)) = $235.59
I have bought from him before.
The best route is to sign up at:
http://goldismoney2.com/forum.php
And buy from someone like "sandro" who is reliable and gives good prices. He sells at spot price (no markup). Typically he likes to sell in $10 face value increments.
Since todays price is $32.96, $10 face value is:
($32.96 * (.715 * $10)) = $235.59
I have bought from him before.
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Heres the best advice I can give you.
Don't be a chump. There is nothing stand-up or official about the junk silver or any junk metals business. Its basically pawnshop level crap with shiny things.
People are dishonest and will always try to lie to you and use you. Nobody is going to give you their trusted sources because they're already tapping them. Its up to YOU to break in, get your own social network going, get in good with someone that can help you refine the metals, and all that.
Its a cutthroat business and the people in it are glorified dumpster divers. Never forget that.
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http://www.gainesvillecoins.com/
Lower than average markups. Quick delivery. Never a problem.
Good luck.
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X2 on Gainesville Coins. Good choices, good prices, fast delivery.
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I do very well buying off eBay, at Coin Shops and even at antique malls. I buy American Silver Eagles, rounds and bars at a local coin shop. I buy lots of junk silver at those very same places.
If i am driving past that coin shop and happen to have a couple of extra bucks (by that i mean more than the spot price of silver) in my pocket, i pick up a troy ounce of silver dimes, quarters, half dollars and on occassion, silver dollars.
I do not look at buying precious metal as an investment. Instead, i believe our current currency, the US dollar, will soon fail. It is "fiat currency" that is, currency based on nothing but the governments promise that it is worth "something". In all of history, fiat currencies have only lasted an average of 37 years and our current dollar, based on nothing since 1971 when President Nixon took us off the gold standard, is now 42 years old.
The US Dollar is the world's reserve currency and that's why we have been so successful, economically, for decades (It became the world reserve after WW2)
But China, Russia, India and Brazil have already begun trading using their own money and not the US doillar. Iran is selling oil to a host of countries for gold, not dollars although OPEC coun tries only accept the dollar in payment for oil.
Our currency is going to collapse and there is nothing anyone can do to stop it. It' only a matter of time. We are $16 trillion dollars in debt. There are more than $700 trillion dollars in derivatives outstanding. There isn't enough money in the entire world economy to pay that off.
I urge all my family and friends to spend their money on tangibles and first of all, things that will help them to survive what is coming, food, water, shelter, medical and security and after that, change their savings accounts into precious metals. I prefer silver because I believe it is vastly undervalued right now.
In 1964, while I was in high school, I could buy a gallon of gas or a pack of cigarettes for a shiny 1964 quarter.
Today, 48 years later, I take that same shiny 1964 quarter,(90% silver) sell it and get $5.98 with it and take that buy.....a gallon of gas or a pack of cigarettes.
Prices of goods are not being inflated, the dollar is being deflated.
When you go to the grocery store, prices are the same on sugar, pop, potato chips, etc, right? But, the packaging has changed. A five pound bag of sugar now weighs four pounds, a two liter bottle of pop is now 1.5 liters and a sixteen ounce bag of potato chips is now only 12 ounces.
It's going to get very bad and it will happen very soon.
If i am driving past that coin shop and happen to have a couple of extra bucks (by that i mean more than the spot price of silver) in my pocket, i pick up a troy ounce of silver dimes, quarters, half dollars and on occassion, silver dollars.
I do not look at buying precious metal as an investment. Instead, i believe our current currency, the US dollar, will soon fail. It is "fiat currency" that is, currency based on nothing but the governments promise that it is worth "something". In all of history, fiat currencies have only lasted an average of 37 years and our current dollar, based on nothing since 1971 when President Nixon took us off the gold standard, is now 42 years old.
The US Dollar is the world's reserve currency and that's why we have been so successful, economically, for decades (It became the world reserve after WW2)
But China, Russia, India and Brazil have already begun trading using their own money and not the US doillar. Iran is selling oil to a host of countries for gold, not dollars although OPEC coun tries only accept the dollar in payment for oil.
Our currency is going to collapse and there is nothing anyone can do to stop it. It' only a matter of time. We are $16 trillion dollars in debt. There are more than $700 trillion dollars in derivatives outstanding. There isn't enough money in the entire world economy to pay that off.
I urge all my family and friends to spend their money on tangibles and first of all, things that will help them to survive what is coming, food, water, shelter, medical and security and after that, change their savings accounts into precious metals. I prefer silver because I believe it is vastly undervalued right now.
In 1964, while I was in high school, I could buy a gallon of gas or a pack of cigarettes for a shiny 1964 quarter.
Today, 48 years later, I take that same shiny 1964 quarter,(90% silver) sell it and get $5.98 with it and take that buy.....a gallon of gas or a pack of cigarettes.
Prices of goods are not being inflated, the dollar is being deflated.
When you go to the grocery store, prices are the same on sugar, pop, potato chips, etc, right? But, the packaging has changed. A five pound bag of sugar now weighs four pounds, a two liter bottle of pop is now 1.5 liters and a sixteen ounce bag of potato chips is now only 12 ounces.
It's going to get very bad and it will happen very soon.
Well I've sold via ebay before ... if you're looking for non-ebay sources I'd suggest looking at American Precious Metal Exchange (http://www.apmex.com/Category/528/Silver_Coins_90_40__35.aspx) or Bullion Direct (Including their Nucleo site which is "consumer to consumer" but goes through their warehouse for compliance/checking ( Bullion Direct Nucleo Exchange ) I believe I've purchased and sold to each of those without incident (perhaps purchased from APMEX and sold via BD).
:wavey:
Thanks a lot for the replies and advice. It's a funny thing but tonight an old friend mentioned in passing to me tonight interest in selling a collection of Mercury dimes. There weren't many, but it's a start. I will check out Gainesville for sure and even make the dreaded trip into the city here to a coin shop once I do a little more research. This place never fails at the knowledge everyone has.
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There is much I agree with in this post.
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One of the greatest post I've read on GT. I have always wondered, from the age of 5 or so, why things were so expensive. How bread could go from a nickel a loaf to what we have today. The quarter example made it crystal clear. Thank you very much. :thumbsup: :cheers:
Good thread/great post. I do have a question for the masses here and if it warrants a new thread I'm cool with that, but the question is, why not Gold in it's many forms?
What makes silver the "Gold" standard as it were?
From my perspective silver is easier to move and barter with. Imagine you have a gold eagle and want to trade for something that "costs" a 20th of it...what do you do? Slice off a peice? Now if you had a pocket of sliver coins you may trade a few of them at closer to the value of what you want.
Not that I am big on either, and I could be off base...as stated in other threads I am more into tangibles like food, clothing, tools etc.
Gold is too expensive for me to pick up in small quantities each month on my budget. Also, silver (especially junk silver) is easily recognizable to non collectors that might take it as payment. Its really staggering at how a $40 bag of junk dimes - worth $40 in 1964 could run around $1000 in todays currency. The previous post by Budman5 really drives the point home.
Makes perfect sense, thanks!
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