Im gonna start some mini hoarding

coinguy89

Im gonna start picking up now at shows on Jefferson Nickels and Rooseveltt dimes that are pretty well worn that are almost at face value. Im only gonna get alittle bit at each show. Its gonna be sorta an experiment. I really wanna have some precious metal that I have lots of in the future just incase I need it, or the market goes way up. Im thinking i'll maybe get a couple of rolls each year of each type, with no regard to date or grade. I already have twenty ounces of silver at home. I don't know why but I love silver.

Longacre

I did the same thing when I was around 12 years old. I bought about 20 oz. of silver at $7.50, but unfortunately I have not made a profit in 20 years. You never know, though! Prices seem cheap for silver, so I would not advise against it so long as you are not looking to make a quick big score.

Neptune

I really wanna have some precious metal

uhhhh is nickel a precious metal? I think I would at least stick with silver dimes vs. clad.

coinguy89

Im only gonna get like 10 of each at a show I think, maybe if I have enough money a whole roll. Im only gonna get the silver Jeffersons. Im thinking I might pick up a Morgan every show too, something selling at bullion value, problem free of course. I also might try to pick up some silver Washingtons.

CarlWohlforth

Why not pick one date of one denomination? Preferably something cheap, close to bullion value. How about 1964 JFKs? You could probably get them in fairly nice condition for close to bullion value. Or maybe one particular date of silver Roosevelt dime?

GAT

Silver has lost it's two biggest markets, camera and x-ray film. There's only so much demand for flatware and tea sets. The largest producer of silver in the United States, Sunshine Mining of Idaho went bankrupt. The giant Sunshine mine at Kellog had produced over a billion ounces of silver and still has vast reserves remaining. IMO silver is a poor investment.

JrGMan2004

Simple Question... Why?

Boom

<< <i> IMO silver is a poor investment. >>



Like Jr G Man, I too am interested in hearing why you feel as you do. It's a fact that the US Mint's silver stockpile has basically been depleted. So far they'ye been fortunate in finding replacement silver to hit the melting pots. As you may or may not know, SAEs are available strictly to authorized dealers. I'm not at all sure, but my instincts tell me there must be an "agreement" between the Mint and said dealers.

This IS JMHO, but I have a feeling these dealers may in turn, for these exclusive rights, have to supply the Mint with all the silver they take in for melt at a set rate. This would be entirely speculation on my part, but this could very well be why we have not seen a re-birth of another silver boom as transpired back in 79-80.

Sooner or later all this junk silver will run out and indeed the Mint will be FORCED to purchases from outside sources, at which time the dirt cheap prices of today will cease and once again silver will explode and those that are sitting on it will reap the rewards! JMHO.

100proof1957

seems to me Warren Buffett is sitting on a huge silver hoard.

Boom

I tried putting it in the wall and the house started to lean
So I had to hurry and put half on the other side to even it out.

I tried a huge safe in the attic but the ceiling started to give way even though we re-enforced it.
Thought about under the house but man, this La. and they have spiders, snakes and alligators round here!

Now, the Pitt Bull stands guard 24/7 and she doesn't like anyone at all. NOBODY!!

100proof1957

coinguy,
take the bucks you was gonna spend on circ silver and give it to DAD,when ya get about 400-450 saved up that you woulda blown on trash,buy a raw SAINT near melt value.
your buds come over and you show em 200 circ roosies and they yawn,show em a shiny xf-au saint and you da man !

ddink

<< <i>Silver has lost it's two biggest markets, camera and x-ray film. >>



You need to do some more research my friend. Kodak is still one of the largest silver purchasers in the world.