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FA: Silver coins

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Jerry

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Sep 28, 2001, 2:49:15 PM9/28/01
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I apologize in advance if this type of posting is not allowed in this group,
but I can't seem to find a FAQ. I will not post again unless someone tells
me it's ok.
I have for auction some 40% silver half dollars. You never know when these
could come in handy. If you are interested the link is here:

http://cgi.ebay.com/aw-cgi/eBayISAPI.dll?ViewItem&item=1643780970

If the URL wraps around, you may have to type parts of it manually. I enjoy
lurking here, I'm learning a lot. God Bless America.


Nixo Villie

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Sep 28, 2001, 4:46:52 PM9/28/01
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Just remember the usual pre-65 coinage we collect
is 90% silver.

Nixo

"Jerry" <je...@127.0.0.1> wrote in message
news:9p2h15$h56$1...@suaar1ac.prod.compuserve.com...
: I apologize in advance if this type of posting is not


allowed in this group,
: but I can't seem to find a FAQ. I will not post again
unless someone tells
: me it's ok.
: I have for auction some 40% silver half dollars. You never
know when these
: could come in handy. If you are interested the link is
here:
:
:
http://cgi.ebay.com/aw-cgi/eBayISAPI.dll?ViewItem&item=16437
80970

:
: If the URL wraps around, you may have to type parts of it

:
:


Jerry

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Sep 28, 2001, 4:56:18 PM9/28/01
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Yes, this is not 90% silver but 40% silver. I think 40% silver is a safe bet
since if the bottom drops out on silver, these coins and the 90% silver
coins each become worth only $0.50. You stand to lose less money with 40%
silver. On the other hand it also increases in value with the price of
silver.

"Nixo Villie" <nixo_...@hotmail.com> wrote in message
news:0l5t7.27411$w62.18...@news1.denver1.co.home.com...

Nixo Villie

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Sep 28, 2001, 6:31:57 PM9/28/01
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I think you missed my point.

Yesterdays price was $3,356.90 for $1,000.00
face value of 90% silver. [3.3569 X face value]

Don't pay the 90% price for 40% coins.

Your opening price of $15 for $10 face is fair.
After that, let the bidder beware.

As a matter of fact, I thought you were honest and
upfront about the silver content. Some might have
tried to take advantage of the stampede and
fleece the sheep.

Nixo


"Jerry" <je...@127.0.0.1> wrote in message

news:9p2ofd$ccl$1...@suaar1aa.prod.compuserve.com...
: Yes, this is not 90% silver but 40% silver. I think 40%

:

WhiteWolf

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Sep 28, 2001, 6:39:21 PM9/28/01
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when did the US mint stop putting silver in coins? thought it was
1965????

WW

Jerry

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Sep 28, 2001, 8:37:59 PM9/28/01
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Essentially 1964 was the last year silver was included in normal nickles,
dimes, quarters and halves. The only silver present in coins minted today
are in proof sets and possibly occasional special issues like some of the 71
thru 76 Eisenhower dollars and possibly others on occasion. Naturally the
eagles that are struck each year are made of silver, but you would not
normally see them circulated since they cost more than their face value.

"WhiteWolf" <whit...@p5.com> wrote in message
news:lvu9rt8utn6gpkbhs...@4ax.com...

Jerry

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Sep 28, 2001, 8:39:58 PM9/28/01
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Thanks, actually I have not seen anyone selling them for less than I am. I
mean it when I say if you can find them for less, buy them.

"Nixo Villie" <nixo_...@hotmail.com> wrote in message

news:xT6t7.27499$w62.18...@news1.denver1.co.home.com...

Robert Sturgeon

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Sep 28, 2001, 9:57:15 PM9/28/01
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On Fri, 28 Sep 2001 19:37:59 -0500, "Jerry" <je...@127.0.0.1>
wrote:

>Essentially 1964 was the last year silver was included in normal nickles,
>dimes, quarters and halves. The only silver present in coins minted today
>are in proof sets and possibly occasional special issues like some of the 71
>thru 76 Eisenhower dollars and possibly others on occasion. Naturally the
>eagles that are struck each year are made of silver, but you would not
>normally see them circulated since they cost more than their face value.

Not nickels.

Silver was removed from the coinage in 1965, except for the 40%
half dollars. Those were minted through 1969, so far as I can
remember without looking it up.

It's true that these 40% coins are interesting because of the fact
that their face value is closer to their silver value. On the
other hand, the fact that they contain so little silver makes them
more expensive to convert back into usable silver, hence their
lower vaue compared to the price of bullion.

(rest snipped)

--
Robert Sturgeon
http://www.vistech.net/users/rsturge/

Proud member of the vast right wing
conspiracy and the evil gun culture.

Jerry

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Sep 28, 2001, 10:20:51 PM9/28/01
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I'm not sure what you mean by not nickels, but I hope you don't think that
nickels contain silver. I'm aware of the 40% halves as I started this
thread.:)
40% silver halves were made until 1970 but since they were issued in mint
sets, it is unlikely you would find one in change. Each 40% half contains
.1479 oz of silver.

"Robert Sturgeon" <rst...@inreach.com> wrote in message
news:t9aart4km08pm2mqr...@4ax.com...

Robert Sturgeon

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Sep 28, 2001, 10:34:02 PM9/28/01
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On Fri, 28 Sep 2001 21:20:51 -0500, "Jerry" <je...@127.0.0.1>
wrote:

>I'm not sure what you mean by not nickels, but I hope you don't think that
>nickels contain silver. I'm aware of the 40% halves as I started this
>thread.:)

The post I replied to said, "Essentially 1964 was the last year


silver was included in normal nickles, dimes, quarters and

halves." By "Not nickels," I meant - no silver in nickels.

>40% silver halves were made until 1970 but since they were issued in mint
>sets, it is unlikely you would find one in change. Each 40% half contains
>.1479 oz of silver.

Thanks for the details.

Jerry

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Sep 28, 2001, 10:28:45 PM9/28/01
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Actually, I believe there was no silver in nickels starting in 1946, I think
that's what you were getting at.

"Jerry" <je...@127.0.0.1> wrote in message

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Nixo Villie

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Sep 28, 2001, 10:34:30 PM9/28/01
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Thanks for the advice!

Nixo

"Jerry" <je...@127.0.0.1> wrote in message

news:9p35is$i8c$1...@suaar1ab.prod.compuserve.com...
: Thanks, actually I have not seen anyone selling them for

Jerry

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Sep 28, 2001, 10:35:21 PM9/28/01
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Right, nickels contained silver from 1942 to 1945. This was known as the
wartime alloy of 56% copper, 35% silver, and 9% manganese and I noticed I
misspelled nickel the first time :)

"Robert Sturgeon" <rst...@inreach.com> wrote in message

news:5icartcbl3jqe4o39...@4ax.com...

WhiteWolf

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Sep 28, 2001, 10:35:52 PM9/28/01
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so how does that relate to him having post 1965 halves with 40% silver
in them for sale?

WW

Jerry

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Sep 28, 2001, 10:52:25 PM9/28/01
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The question was when did the US mint stop putting silver in coins. The 1965
through 1970 halves went from 90% silver to 40% silver. The halves for sale
are from 1965 through 1969.

"WhiteWolf" <whit...@rubyridge.com> wrote in message
news:9qcarto9j02ofhfq8...@4ax.com...

Lonnie Courtney Clay

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Sep 29, 2001, 7:18:17 AM9/29/01
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"Jerry" <je...@127.0.0.1> wrote in message news:<9p2h15$h56$1...@suaar1ac.prod.compuserve.com>...

******************************************************************************
Anybody here ever read J. Neil Schulman - Alongside Night ? It was a
hyperinflation in America yarn....
Lonnie Courtney Clay

ReMoVeSpAm

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Sep 29, 2001, 5:41:11 PM9/29/01
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"Jerry" je...@127.0.0.1 writes in misc.survivalism on Fri, 28 Sep 2001
13:49:15 -0500

>I apologize in advance if this type of posting is not allowed in this group,

I buy the silver trade ounces, they are 99.999 percent silver.

Platinum and gold are favorable purchases.

Don't you think that the metals are only valuable if you can go someplace to
spend them or exchange them for local currency.

How valuable would building and machining tools, materials, parts and equipment
be in a barter system?

People will need food, water, shelter, protection from the elements and medical
treatment.

The people's values will be guided, by what is important to them, at the
moment. Then they will consider the next moment, and the next.

You cannot carry it all. What resource or industry or "fort culture" can be
quickly assembled in a teamwork environment, where all members have an
assignment, a list of actions, and pre-designated meeting point or
communication method, for a coordinated assembly?


Halcitron
Check your six and know when to duck.

Jerry

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Sep 29, 2001, 7:39:37 PM9/29/01
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"ReMoVeSpAm" <halc...@aol.comhatespam> wrote in message
news:20010929174111...@mb-fg.aol.com...

> I buy the silver trade ounces, they are 99.999 percent silver.
>
> Platinum and gold are favorable purchases.
>
> Don't you think that the metals are only valuable if you can go someplace
to
> spend them or exchange them for local currency.
>

snip

Trade ounces are ok as long as silver holds its value. The coins are good
because they still hold their face value no matter what the metal is worth.
If the metal is not worth anything then you wont be able to exchange them
for currency, unless of course it already is currency.


ChrisM1111

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Sep 30, 2001, 12:13:51 PM9/30/01
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>If the metal is not worth anything then you wont be able to exchange them
>for currency, unless of course it already is currency.
>

If you are buuying silver at trade cost, then , the price although subject to
fluctuation, will never be zero. Currency prices may drop to zero, gold silver
platinum won't go to zero. While it is true that the currency will always have
its intrinsic value, you are paying bullion prices or higher, so you are paying
with inflated money and with the deflation the you even out.

In short the only way the coins are more valuable then straight bullion, is if
you steel them, or inherit them.

gotta go

chris
For free plans and info on solar oven's water and purifiers, that actually
work, see<http://www.accessone.com/~sbcn/index.htm>
===========================================================
Sufficiently advance technology is indistinguishable from magic..

Jerry

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Sep 30, 2001, 10:28:43 PM9/30/01
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Actually you are probably paying more for silver rounds, non coins, than
bullion values. If you must buy one ounce 99.999% silver, why not just buy
Canadian Maple Leaf silver coins and get the best of both worlds. Pure
silver with no alloys and currency as well.

"ChrisM1111" <chris...@aol.comspamless> wrote in message
news:20010930121351...@mb-cl.aol.com...

KB9WFK

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Sep 30, 2001, 12:29:00 PM9/30/01
to

--


"ChrisM1111" <chris...@aol.comspamless> wrote in message
news:20010930121351...@mb-cl.aol.com...

> >If the metal is not worth anything then you wont be able to exchange them
> >for currency, unless of course it already is currency.
> >
>
> If you are buuying silver at trade cost, then , the price although subject
to
> fluctuation, will never be zero. Currency prices may drop to zero, gold
silver
> platinum won't go to zero. While it is true that the currency will always
have
> its intrinsic value, you are paying bullion prices or higher, so you are
paying
> with inflated money and with the deflation the you even out.
>
> In short the only way the coins are more valuable then straight bullion,
is if
> you steel them, or inherit them.

Is that like the guy that was so happy to win the gold medal that he had it
bronzed? :-)
Joe


Offbreed

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Oct 1, 2001, 10:40:54 PM10/1/01
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"Jerry" <je...@127.0.0.1> wrote in message news:<9p8kpv$ef5$1...@suaar1ab.prod.compuserve.com>...

> Actually you are probably paying more for silver rounds, non coins, than
> bullion values. If you must buy one ounce 99.999% silver, why not just buy
> Canadian Maple Leaf silver coins and get the best of both worlds. Pure
> silver with no alloys and currency as well.

The relative values fluctuate. There is something called "fading",
can't relocate the URL discussing it, that involves deciding what your
pivot point is (my terminology) and trading for the greater quantity.
If silver drops in value compared to gold, you trade all your gold for
silver, then trade the silver for gold when silver increases again.
(Add the various coins and "rounds" to the mix and you need to buy
stock in Excederin.) Switch back and forth a few times and your
portfolio has increased. Works best if you live someplace like NYC,
Denver, or other location with a largish target superposed on it on
all the Taliban maps.

If you check various charts, you will find that coins sometimes sell
for less than the spot value of the metal content (!).

A few things real wild. Looks like the USgov is trying to keep a lid
on gold prices. Britain and Russia are supposed to be selling, keeping
the price down as well. Silver is supposed to cost about 6$US to
process so the price should be up close to that, but China is selling
TONS of silver, keeping the price down. Interesting. Lots of secrecy
and paranoia in the metals market, so who knows how much of that is
true?


> > Sufficiently advance technology is indistinguishable from magic..

To people who are too lazy to learn how things work. (What the rest of
the quote should be.)

Jerry

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Oct 1, 2001, 11:30:49 PM10/1/01
to

"Offbreed" <Offb...@my-deja.com> wrote in message
news:d3d158d1.01100...@posting.google.com...

> "Jerry" <je...@127.0.0.1> wrote in message
news:<9p8kpv$ef5$1...@suaar1ab.prod.compuserve.com>...
> > Actually you are probably paying more for silver rounds, non coins, than
> > bullion values. If you must buy one ounce 99.999% silver, why not just
buy
> > Canadian Maple Leaf silver coins and get the best of both worlds. Pure
> > silver with no alloys and currency as well.
>
> The relative values fluctuate. There is something called "fading",
> can't relocate the URL discussing it, that involves deciding what your
> pivot point is (my terminology) and trading for the greater quantity.
> If silver drops in value compared to gold, you trade all your gold for
> silver, then trade the silver for gold when silver increases again.
> (Add the various coins and "rounds" to the mix and you need to buy
> stock in Excederin.) Switch back and forth a few times and your
> portfolio has increased. Works best if you live someplace like NYC,
> Denver, or other location with a largish target superposed on it on
> all the Taliban maps.
>
> If you check various charts, you will find that coins sometimes sell
> for less than the spot value of the metal content (!).
>

I have never seen this happen. If it does happen then it is a lucky bidder
on Ebay or some other auction who wins a coin on which the seller did not
set a reserve price. If coins sold for less than spot value of the metal
they certainly would be selling fast. If you know where I can get these
please let me know.

> A few things real wild. Looks like the USgov is trying to keep a lid
> on gold prices. Britain and Russia are supposed to be selling, keeping
> the price down as well. Silver is supposed to cost about 6$US to
> process so the price should be up close to that, but China is selling
> TONS of silver, keeping the price down. Interesting. Lots of secrecy
> and paranoia in the metals market, so who knows how much of that is
> true?
>
>
> > > Sufficiently advance technology is indistinguishable from magic..
>
> To people who are too lazy to learn how things work. (What the rest of
> the quote should be.)

You are talking about a pool account, I believe, where you actually never
hold the gold or silver but can buy and sell online. You probably won't be
increasing your portfolio much since I've noticed that both gold and silver
seem to go up and down at the same time lately. Add to that the fact that
there is some differences between buy and sell prices of each precious
metal. For example, to buy on ounce of gold will cost you $295.00 but they
will buy yours at $290.00 so to sell your gold to buy silver you get
lowballed twice since there will be a similar spread on the buy-sell price
of silver. All I was trying to say was if you want silver to have and hold
in your hand, you are better of buying a bullion coin with a guaranteed
silver content backed by a reputable government like the US, Canada etc.
rather then buying silver rounds that are not coins and do not have their
weight or content guaranteed. Your cost will probably be higher buying the
rounds rather than the coins and the rounds may be ok for trade if you find
someone who will trade them with you, but the coins will also have a face
value which will always give the coin a minimum value at least.
http://cgi.ebay.com/aw-cgi/eBayISAPI.dll?ViewItem&item=1643780970


Offbreed

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Oct 2, 2001, 2:13:53 PM10/2/01
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"Jerry" <je...@127.0.0.1> wrote in message news:<9pbcvl$ara$1...@suaar1aa.prod.compuserve.com>...

> I have never seen this happen. If it does happen then it is a lucky bidder
> on Ebay or some other auction who wins a coin on which the seller did not
> set a reserve price. If coins sold for less than spot value of the metal
> they certainly would be selling fast. If you know where I can get these
> please let me know.

Actually, the last time that happened was back before e-Bay was
founded. I think the traders were at coin shows adn there was a lot of
laughing and marvelling. Probably won't happen again, unless
communications and the economy crash.


> You are talking about a pool account, I believe, where you actually never
> hold the gold or silver but can buy and sell online.

What you said (and I snipped for bandwidth considerations) is true IF
you buy/sell on line.

Gold and silver do tend to rise and fall together, IN DOLLAR VALUE,
but at different rates. When gold is worth maybe 90X silver, you TRADE
your gold for silver. If gold becomes 70X silver, you trade back.
Straight accross. Your gold, my silver. Your silver, my gold. No
dollars. Easiest to do this at a coin show. Ignore the dollar value,
except to determine the ratio.

Pool accounts? I'm real cautious about those since some back in the
Hunt Bro.s silver fiasco were con games.

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