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If you're stacking for SHTF, just buy "cull" quality pre 1965 US coins.
No one is going to give you collector value markup once the economy collapses.
Mix between dimes, quarters, and dollars should cover any bartering you may need them for.
APMEX sells them by the bag.
I would keep it at home, it only belongs to you if you have possession of it. Plus I heard horror stories of banks going into people's safe deposit box when there home went in foreclosure and what not. So I don't trust them. Might be a good time to invest in a high quality safe like American security/ Fort Knox/ brown safes?? I buy for more of long term investment and buy 1oz and 10oz bars. I'm new as well so I only go to well known dealers. You are going to have to pay a premium, for instance if silver is at $20 an oz for one oz I have to pay an addition $3-3.50 don't remember and $2.50 for every oz on 10 oz bars. Premium goes down the more weight you buy. A good place/person should be willing to explain it to you and sell you something that will best suit what you are looking for. I'm no expert so I would just make sure your comfortable before you buy. Seen a guy bring in silver dollars and was told they were fakes and store passed on buying them, there was silver in them they said but could not determine how much. Good luck!Quote:
Originally Posted by muddywings
I agree this is a good way to enter the PM arena and pay the lowest premiums, but building on your premise that in SHTF scenarios collector values are moot, I do not put as much faith in the SHTF value of pre-'65 US coins despite their silver content. The face value is still only "One Quarter Dollar", etc and the silver content is not marked on them at all, so the general public will be ignorant of their value....IMHO, I'd recommend generic rounds and ingots that have clearly printed on them "1 Troy OZ .999 fine silver" or something similar.Quote:
Originally Posted by davsel
If available and priced acceptably, why not get an assortment of 1/10 oz, 1/4, 1/2, 1, 5, & 10oz...? There is no "recommended" ratio, just whatever you think is a good split....
are these: http://www.gainesvillecoins.com/prod...-999-pure.aspx just super small coins?Quote:
Originally Posted by Sawin
ETA: I'm not set on this vendor, just surfing for ideas. Also my insurance guy just got back to me. Insurance fo $2200 worth of coins will cost $32/year :( more than i hoped for but on par for what I'm paying for my wife's wedding rings
Just because it is marked "1 Troy OZ .999 fine silver" does not necessarily make it so.Quote:
Originally Posted by Sawin
I am willing to bet there are far more counterfeit silver rounds and bars in circulation than Morgan or Peace dollars.
I'm not saying you can not buy the real thing from a reputable dealer. I'm saying that I would trust the silver content of a US Silver Dollar over what is stamped on a shiny bar from a stranger (EBay).
Same reason I stick with Krugerrands. They have been around for a long time and are easily recognizable.
Oh, I get that 100%. I will NEVER buy "silver" on ebay, craigslist, etc.... I buy it from reputable sources only. I just want to remind you that in a SHTF scenario, especially one of economic collapse where bullion comes in to the limelight, that would imply the US dollar is worthless.... or more near so than presently....and the silver content of those US coins is not well known enough in my opinion. Also, with respect to any tender used for barter/sales, etc, having the value/weight visibly marked permanently on that tender makes it worlds easier.Quote:
Originally Posted by davsel
Yes, those are what are called "fractionals", weight that's less than 1oz. Those are 1/10oz. silver. The fractionals are easier to purchase, but will have a higher premium, but may be easier to trade/use because of their smaller weight.Quote:
Originally Posted by muddywings
thanks. not super concerned about the premium difference. Yeah, i'm loosing some money but it seems like it would be nice to have some smaller denominations....just to have....just sayin...Quote:
Originally Posted by sellersm
come on guys...not going to answer my other question? where you hiding/hording your stuff....and can I see it ;)
I'm not going to blast where I keep mine. I will tell you that it's not in the bank!!
Muddywings, you may want to look into insurance for specific valuables. I have "valuables" insurance through USAA to cover things like Mrs. HoneyBadger's jewelry and some other especially valuable items around the house.
Otherwise, OPSEC is key. Bury it in your backyard or build it into a wall behind the drywall if you want, just don't ever tell anyone about it and don't forget to dig it out before you move... :D