I came across a couple of articles that discuss how useful silver coins are in certain situations. The first mentioned the OPEC gas crisis in the ‘70s when silver was heading toward $50 per ounce and gas prices were exploding. Some gas-station operators were offering a gallon of gas for a pre-1965 dime. They were smart enough to know a ninety-percent silver dime was worth more than the posted price-per-gallon. At $50 per ounce, the silver content of one of these dimes was worth $3.58.
The second article discusses the role of silver coins in bartering situations. Whether it comes to this or not, the author points out that the public will learn quickly the difference between good money and bad money if/when bad times strike. You can read the article here...
http://www.kitco.com/ind/Lewis/mar262010.html
Sunday, March 28, 2010
Monday, February 15, 2010
Silver Investing Guide - Beware Of This Deal
In a recent catalog I received, there was an offer to purchase an 1800s Morgan Silver Dollar (in brilliant uncirculated condition) for only $79.99, marked down from $99.99. The description went on to say that many millions had been melted down in 1918 (true) and due to this event plus more meltings throughout the years, relatively few Morgan dollars remain (not true).
Just three years after the big 1918 meltdown of 270,232,722 Morgan dollars, 86,730,000 Morgans were minted with the 1921 date. It is estimated the approximately 17% of all Morgans minted are still in existance. That is still a lot of these silver dollars floating around. Being brilliant uncirculated is a plus but the coins could still end up with some bad bag marks. Another point worth mentioning is the coins have been certified by a grading company I have never heard of.
Uncirculated Morgan silver dollars contain .77344 troy ounces of silver. That would result in a silver price per troy ounce of $103.42. Today's spot price of silver is $15.69 per troy ounce. Without knowing the year and mint mark, I would say this is definitely one deal to stay away from. Common date Morgans in MS 60 grade (Mint State 60 is an uncirculated grade) can be purchased for less than $30.00.
If you are ever tempted by deals such as these, do your research first. This is an awful lot of money to pay for one Morgan dollar. If your objective is to get the most silver for your money, you must shop around and watch out for deals like this.
Just three years after the big 1918 meltdown of 270,232,722 Morgan dollars, 86,730,000 Morgans were minted with the 1921 date. It is estimated the approximately 17% of all Morgans minted are still in existance. That is still a lot of these silver dollars floating around. Being brilliant uncirculated is a plus but the coins could still end up with some bad bag marks. Another point worth mentioning is the coins have been certified by a grading company I have never heard of.
Uncirculated Morgan silver dollars contain .77344 troy ounces of silver. That would result in a silver price per troy ounce of $103.42. Today's spot price of silver is $15.69 per troy ounce. Without knowing the year and mint mark, I would say this is definitely one deal to stay away from. Common date Morgans in MS 60 grade (Mint State 60 is an uncirculated grade) can be purchased for less than $30.00.
If you are ever tempted by deals such as these, do your research first. This is an awful lot of money to pay for one Morgan dollar. If your objective is to get the most silver for your money, you must shop around and watch out for deals like this.
Tuesday, February 9, 2010
Silver American Eagles - Year End Totals
Silver American Eagles continue to be in high demand. The total number of Silver American Eagles struck in 2009 was 28,766,500. Compare that with 2008's total of 19,583,500 and 2007's total of 9,887,000 and you can see the only way this market is going is up, up, up.
This up trend has been confirmed so far in 2010 with January's total of 3,592,500 Silver Eagles being minted. If this keeps up, 2010 will be another record-setting year for this popular silver coin. Before you buy, make sure to shop around as the premiums charged for Silver American Eagles can vary by quite a bit among various dealers.
This up trend has been confirmed so far in 2010 with January's total of 3,592,500 Silver Eagles being minted. If this keeps up, 2010 will be another record-setting year for this popular silver coin. Before you buy, make sure to shop around as the premiums charged for Silver American Eagles can vary by quite a bit among various dealers.
Thursday, February 4, 2010
Silver Investing Guide - Welcome Message
Hello and welcome to the Silver Investing Guide blog. I hope you will come to consider this a valuable resource for practical and useful silver investing tips and information.
My interest in silver (and gold) bullion/coin investing led me to take a sales position with a large precious metals dealer in the midwest some years back. Luckily for me, this company was (and is) one of the "good guys" in the business and I learned a great deal. The company is still going strong but I have since retired.
Sharing what I know about silver investing is the purpose of this blog and I am glad you are here. If you are interested in learning more about silver investing insights and strategies, come back often as many more posts to this blog are planned.
Again, welcome and stay tuned for much more...
My interest in silver (and gold) bullion/coin investing led me to take a sales position with a large precious metals dealer in the midwest some years back. Luckily for me, this company was (and is) one of the "good guys" in the business and I learned a great deal. The company is still going strong but I have since retired.
Sharing what I know about silver investing is the purpose of this blog and I am glad you are here. If you are interested in learning more about silver investing insights and strategies, come back often as many more posts to this blog are planned.
Again, welcome and stay tuned for much more...
Sunday, January 3, 2010
Privacy Policy
Privacy Policy for SilverInvestingGuidance.blogspot.com
At SilverInvestingGuidance.blogspot.com, the privacy of our visitors is of extreme importance to us. This privacy policy document outlines the types of personal information received and collected by SilverInvestingGuidance.blogspot.com and how it is used.
Log Files
Like many other Web sites, SilverInvestingGuidance.blogspot.com makes use of log files. The information inside the log files includes internet protocol ( IP ) addresses, type of browser, Internet Service Provider ( ISP ), date/time stamp, referring/exit pages, and number of clicks to analyze trends, administer the site, track user’s movement around the site, and gather demographic information. IP addresses, and other such information are not linked to any information that is personally identifiable.
Cookies and Web Beacons
SilverInvestingGuidance.blogspot.com does use cookies to store information about visitors preferences, record user -specific information on which pages the user access or visit, customize Web page content based on visitors browser type or other information that the visitor sends via their browser.
DoubleClick DART Cookie
Google, as a third party vendor, uses cookies to serve ads on SilverInvestingGuidance.blogspot.com. Google's use of the DART cookie enables it to serve ads to users based on their visit to SilverInvestingGuidance.blogspot.com and other sites on the Internet. Users may opt out of the use of the DART cookie by visiting the Google ad and content network privacy policy at the following URL - http://www.google.com/privacy_ads.html
Some of our advertising partners may use cookies and web beacons on our site. Our advertising partners include ....
Google Adsense
These third-party ad servers or ad networks use technology to the advertisements and links that appear on SilverInvestingGuidance.blogspot.com send directly to your browsers. They automatically receive your IP address when this occurs. Other technologies ( such as cookies, JavaScript, or Web Beacons ) may also be used by the third-party ad networks to measure the effectiveness of their advertisements and / or to personalize the advertising content that you see.
SilverInvestingGuidance.blogspot.com has no access to or control over these cookies that are used by third-party advertisers.
You should consult the respective privacy policies of these third-party ad servers for more detailed information on their practices as well as for instructions about how to opt-out of certain practices.
SilverInvestingGuidance.blogspot.com's privacy policy does not apply to, and we cannot control the activities of, such other advertisers or web sites.
If you wish to disable cookies, you may do so through your individual browser options. More detailed information about cookie management with specific web browsers can be found at the browsers' respective websites.
At SilverInvestingGuidance.blogspot.com, the privacy of our visitors is of extreme importance to us. This privacy policy document outlines the types of personal information received and collected by SilverInvestingGuidance.blogspot.com and how it is used.
Log Files
Like many other Web sites, SilverInvestingGuidance.blogspot.com makes use of log files. The information inside the log files includes internet protocol ( IP ) addresses, type of browser, Internet Service Provider ( ISP ), date/time stamp, referring/exit pages, and number of clicks to analyze trends, administer the site, track user’s movement around the site, and gather demographic information. IP addresses, and other such information are not linked to any information that is personally identifiable.
Cookies and Web Beacons
SilverInvestingGuidance.blogspot.com does use cookies to store information about visitors preferences, record user -specific information on which pages the user access or visit, customize Web page content based on visitors browser type or other information that the visitor sends via their browser.
DoubleClick DART Cookie
Google, as a third party vendor, uses cookies to serve ads on SilverInvestingGuidance.blogspot.com. Google's use of the DART cookie enables it to serve ads to users based on their visit to SilverInvestingGuidance.blogspot.com and other sites on the Internet. Users may opt out of the use of the DART cookie by visiting the Google ad and content network privacy policy at the following URL - http://www.google.com/privacy_ads.html
Some of our advertising partners may use cookies and web beacons on our site. Our advertising partners include ....
Google Adsense
These third-party ad servers or ad networks use technology to the advertisements and links that appear on SilverInvestingGuidance.blogspot.com send directly to your browsers. They automatically receive your IP address when this occurs. Other technologies ( such as cookies, JavaScript, or Web Beacons ) may also be used by the third-party ad networks to measure the effectiveness of their advertisements and / or to personalize the advertising content that you see.
SilverInvestingGuidance.blogspot.com has no access to or control over these cookies that are used by third-party advertisers.
You should consult the respective privacy policies of these third-party ad servers for more detailed information on their practices as well as for instructions about how to opt-out of certain practices.
SilverInvestingGuidance.blogspot.com's privacy policy does not apply to, and we cannot control the activities of, such other advertisers or web sites.
If you wish to disable cookies, you may do so through your individual browser options. More detailed information about cookie management with specific web browsers can be found at the browsers' respective websites.
Subscribe to:
Posts (Atom)