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Home >> Stock Forums >> Silver investment

Silver investment

sr106 said: "With the U.S dollar falling and silver rising I think it's a great investment. paper money is backed by nothing and a PM will always have a value! If you ever needed to sell your silver for cash, PM's sell like hot cakes on Ebay..."

hella skinny said: "The next leg up may be a few weeks or months away. the past 2 months have been great entry points."

prohobo said: "I have been buying and collecting pre 1964 quarters and dimes - which are all silver. A pre-1964 quarter is currently about $3.00 worth of Silver. I did get one a couple of weeks ago - when making change at Wal-mart. Check the dates on those quarters and dimes - it will not be OFTEN - but when you do find one - keep them. Also - pre-1983 pennies are pure copper - about $.03 worth."

ratAphooey said: "I just throw my change in the Coinstar."

prohobo said: "[QUOTE=ratAphooey;68350]I just throw my change in the Coinstar.[/QUOTE] It's ironic that you bring that up. I had asked someone that owns some Coinstar types machines about them. While they do make money (% of deposited) - he is also using them to seperate out the silver and copper coins. A roll of silver quarters (40 - with a face value of $10) for over $120. A roll of silver dimes (50 - with a face value of $5) for over $60 A roll of copper pennies (50 - with a face value of $.50) for $1 I asked him does he get a lot? He said you would be surprised - not to mention the other rare or silver coins he does pick up as well. If you think that one silver quarter's value (over $3 of silver) is worth about 12 quarters by face value. Maybe next time you use a coinstar you should first look at those coins! If I had the time and energy - I was thinking about getting some of those machines and installing them at different places. Since I buy silver coins."

hella skinny said: "I have never used a coin star. If I am collecting change, then I roll it myself and take it to the bank. Change is such a minor source of capital that any sort of taxing is irritating."

prohobo said: "[QUOTE=hella skinny;68564]I have never used a coin star. If I am collecting change, then I roll it myself and take it to the bank. Change is such a minor source of capital that any sort of taxing is irritating.[/QUOTE] Agreed - but I am more interested in metal value not face value. A 1/10oz gold coin is $85 A silver quarter is $3 How about a roll of silver quarters? If you take the time to roll your own - then just take the time to sort the date. You are talking about a serious return on face value! A roll of quarters with a $10 face value being worth over $120 - I don't know about you but to give away $110 because it was not worth the effort to sort the coins out by date - seems penny wise and pound foolish. Funny story - a few of years ago I was at a friends house that had a huge jar or coins (mostly quarters, dimes, and nickles). He had that jar for years and kept throughing in his loose change - not pennies. I had estimated that it had about $50 worth (face value of coins in it). I kept looking at it every time I was over there. I finally offered him - without counting $30 for the jar. He took some time and then said $40. I said done! Gave him two $20 dollar bills and went home. That jar had about 15 silver quaters ($45), 20 silver dimes ($25). I kept the silver coins = totalling over $70. Rolled the rest face value aprox $35 - and used that to buy more silver quarters (about 12 I think). I walked away with over $100 of silver from a $40 investment. Yeah - it is not a lot of money - but the return sure didn't suck and I try to do this all the time. You could say it is a hobby to ROLL-UP to silver and gold coins. Doing this for 10 years - needless to say I have lots of silver. Note: The total face value of the coins were about $40 if I remember correctly. Granted silver coins are becoming harder to find now...but I do find them making change a couple a month with out looking. Copper pennies are a lot easier to find and I started getting those a few years ago. About a 3:1 value on the metal vs. face value."

hasse_john@yahoo.com said: "I haven't found a real silver coin in a long time. Maybe I don't look well enough. Long term, I am certain silver (and gold) are going higher. (which is to say the dollar is going lower). My advisors tell me we are in a serious bear market, (so I am negative the S&P) and that this will pull metals down short term, so I am out of the metals at the moment. (It has to do with the sub-prime mess, and how much 'money' is being destroyed there---and the fact that it looks like a credit card crunch is about to follow, and destroy more 'money'--- even faster than 'Helicopter Ben' can print it, and get it into circulation)"