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Why own gold if people don't know what it is?

CoulportCoulport Posts: 1,087 ✭✭✭
in Precious Metals
My daughter just called me and wanted to know what a 1913 $5 was worth.
Her friend got it in change at a Burger King.

So in a SHTF situation how is this barter thing supposed to work? image
The most money I made are on coins I haven't sold.

Got quoins?

Comments

  • RedHerringRedHerring Posts: 2,077 ✭
    I wonder who's collection was stolen?
  • MeltdownMeltdown Posts: 8,789 ✭✭✭✭✭


    << <i>I wonder who's collection was stolen? >>



    I hope not.
    It could have been a pocket piece mistaken for a quarter. image

    Click on this link to see my ebay listings.

  • PerryHallPerryHall Posts: 46,122 ✭✭✭✭✭


    << <i>

    << <i>I wonder who's collection was stolen? >>



    I hope not.
    It could have been a pocket piece mistaken for a quarter. image >>



    The $5 are the size of a nickel and they are a different color.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • KonaheadKonahead Posts: 1,476 ✭✭✭
    it could have been a kid that got into his father's collection.
    PEACE! This is the first day of the rest of your life.

    Fred, Las Vegas, NV
  • DrBusterDrBuster Posts: 5,378 ✭✭✭✭✭
    The Sacagawewas and the prezbucks probably have folks thinking the $5 ones are 5 bux.

    And I hope you told your daughter to get that coin. Or at least get a picture of it, lest we call shenanigans.

  • OPAOPA Posts: 17,119 ✭✭✭✭✭


    << <i>Her friend got it in change at a Burger King. >>



    If you believe that...well, I've got a bridge in Brooklyn etc etc...
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • Harry779Harry779 Posts: 902 ✭✭
    these kids today are not too bright.

    i gave some Kennedy halfs to the supermarket girl and she said "I dont think we take these"

    i asked her if she ever saw one before and she said no.

    she had to call the manager.
  • ProofCollectionProofCollection Posts: 6,119 ✭✭✭✭✭
    No one knew anything about real estate until 2004... Suddenly everyone was an expert.

    The same thing will happen with gold.
  • pmcollectourpmcollectour Posts: 1,211 ✭


    << <i>No one knew anything about real estate until 2004... Suddenly everyone was an expert.

    The same thing will happen with gold. >>



    POTD
  • jmski52jmski52 Posts: 22,825 ✭✭✭✭✭
    No one knew anything about real estate until 2004... Suddenly everyone was an expert.

    The same thing will happen with gold.

    That's true. And we will be sitting here, just shaking our heads.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭
    Why own gold if people don't know what it is?


    Why support freedom when most Americans can't even define it?

    Somebody better

    Coin's for sale/trade.


    Tom Pilitowski
    US Rare Coin Investments
    800-624-1870

  • rickoricko Posts: 98,724 ✭✭✭✭✭
    I own gold, I know what it is, and when I sell it, the buyer will know what it is. image Cheers, RickO
  • CladiatorCladiator Posts: 18,041 ✭✭✭✭✭


    << <i>

    << <i>Her friend got it in change at a Burger King. >>



    If you believe that...well, I've got a bridge in Brooklyn etc etc... >>

    Bingo. Hopefully your daughter wasn't involved in the "obtaining" of that coin but garaunteed someone broke the law getting it and it was not spent at any fast food joint. The BK story is just her (or her friends) lame attempt at not drawing undue suspicion.
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    My daughter just called me and wanted to know what a 1913 $5 was worth.
    Her friend got it in change at a Burger King.

    Basically impossible. Better chance of being struck by lightning on a perfectly clear and sunny day.

    1. Someone had to first try to spend it at BK.
    2. A cashier would have to accept it.
    3. A cashier or manager would then let it sit in the register to be doled back out again: Hey Joe, I'm all outta fives, could you give me that funky Indian coin until break?
    4. A customer would have to accept it in their change. This particularly friend accepted it in change, but then is asking her friend what it might be worth?

    roadrunner

    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • pmcollectourpmcollectour Posts: 1,211 ✭


    << <i>I own gold, I know what it is, and when I sell it, the buyer will know what it is. image Cheers, RickO >>



    2nd POTD
  • BearBear Posts: 18,953 ✭✭✭
    I turned in 60 Kennedy Halves to my bank and the teller did not know
    If they were half dollars or dollars. Rather sad If you ask me.
    There once was a place called
    Camelotimage
  • MesquiteMesquite Posts: 4,075 ✭✭✭
    Dang Bear that is sad, isn't the denomination stamped on the coin?
    There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt.
    –John Adams, 1826
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    Bear,
    I am spending some searched rolls of halves now.... and I have had TWO cashiers ask what they were.... un-frikken-believable. Cheers, RickO
  • coinnerdcoinnerd Posts: 492 ✭✭✭
    spending some searched rolls of halves now.... and I have had TWO cashiers ask what they were

    What ever you do don't try spending $2 bills there. You might get arrested for counterfeiting.

    Fun with money.
    My lunch bill one day came to $3.49. I paid with a two, a SBA and a Kennedy half. The look on the cashiers face was priceless as
    he tried to put the money away. No slot for any of it.
  • OPAOPA Posts: 17,119 ✭✭✭✭✭
    I have to admit, the cashiers now know what a Sac & Pres. $ is, but try to pass off a Kennedy half, well that's another story.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
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