Great Time to Invest in Silver!

DJ7;503055 said:

ok, so if the coin is pre 1964 that automatically means they're silver or its there a different way of telling whether they're silver?

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Thats about it. If it is Kennedy dated in 1964 it is 90% silver. If it is a 1965-1970 it is 40%. 1948-1963 were Franklin Half Dollars, 90%. 1916-1947 were walking liberty halves, 90% silver. Prior to that it is pretty much full dollars of 90%. The same thing applies to dimes and quarters, 1964 and back are 90% silver.

doublelongdaddy;503063 said:

Thats about it. If it is Kennedy dated in 1964 it is 90% silver. If it is a 1965-1970 it is 40%. 1948-1963 were Franklin Half Dollars, 90%. 1916-1947 were walking liberty halves, 90% silver. Prior to that it is pretty much full dollars of 90%. The same thing applies to dimes and quarters, 1964 and back are 90% silver.

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ok cool, ya got me started on a new hobby....

let me know what you think about this article.... its saying silver might go up to $150 am ounce butt let's not forget people were also saying this would happen least year, but it never did....

let me know what you think....

http://alternatenewsmedia2012.wordpress.com/2012/09/07/the-ecb-move-4000-5000-gold-150-silver/

DJ7;503106 said:

ok cool, ya got me started on a new hobby....

let me know what you think about this article.... its saying silver might go up to $150 am ounce butt let's not forget people were also saying this would happen least year, but it never did....

let me know what you think....

http://alternatenewsmedia2012.wordpress.com/2012/09/07/the-ecb-move-4000-5000-gold-150-silver/

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Yeah, I read that article and it is really total speculation. I am in it for the long run, I think Silver will break $100 in the next few years so stacking now is important. If you are in it for the short money you can always play the market but I find it best to stack and stack and ignore what is going on.

hepcat;503236 said:

How much is a single coin worth?

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90% Silver, 1964 back, half Dollars, either Kennedy, Walking or Franklins are worth about $12 each. A 1964-1970 Kennedy Half is worth about $6.

hepcat;503243 said:

Thanks for the tips! I have a huge change basket. Time to go searching.

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A good tip when going through a lot of change is to use your ears to here the silver rather than check dates, especially on dimes. Get a 90% coin and drop it on the counter, it will make a high pitched, pretty ring sound but if it was not silver it would make a thud sound. This can speed the process of change searching.

Also remember that nickels are already worth about 8¢ in melt value right now and the government plans on eliminating the current nickel over the next year. A good rule of thumb is when the government is buying back nickels it is time for you to start hoarding them. After nickel is gone from the market we will see the price of Zinc, Copper and Nickel skyrocket. Also, don't sleep on copper pennies, another double on your investment.

hepcat;503252 said:

Do the copper pennies have to be 1964 or earlier also? How can you tell whether it's copper or not?

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1984 and back.

Here's a good place to go to find out what each coin is worth http://coinflation.com/

DJ7;503055 said:

ok, so if the coin is pre 1964 that automatically means they're silver or its there a different way of telling whether they're silver?

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Well the date is the easiest way. As you get better with searching you start to feel and hear the differences in silver and clad. I can simply drop a coin on the counter and by the pitch it rings I know if it is silver or clad. I can do the same with Gold. You can also search rolls by looking at the spine of a roll, cut it open and look at the side of the stacked coins, clad will have a definite, two-ply look, while silver remains shiny and uniform. This does not work with 40% pure coins though, these are highly missed in Kennedy Halves because they almost look like clad (Kennedy halves from 1965 - 1970 were 40% silver). I think searching halves is the fastest and most fruitful. Quarters are hard to tell and dimes are even harder. If you have the time, just sitting around doing passive Penis Enlargement, why not search the dimes and quarters? I don't know, it is all a lot of fun and a no cost hobby that can become very profitable. Finding small town, independent banks are best, lots of old people turn in coins not knowing about the silver. The banks are not allowed to search for silver so these rolls are for sale at all banks. Just get a good relationship with a few banks and stop by once a week to pick up there stock. I am lucky because I have a connection in a small bank where an unusual amount of silver shows up. I get a call when she sees something

Tag sales are also a good place to visit. Ask the owners if they have any old change they want to sell. In many cases you can buy silver at 2 times face, 3 times, you know, you get lucky. Also the big flea markets are a great place to search for change. Many coin dealers will sell junk silver at below market. Make a couple good relationships with coin dealers and you can stack that way too.

Kitco.com has great user forums that can really help you understand the entire precious metals market.

Well here we are on the day before the market opens with silver dropping into the 33.xx zone showing support for another, brief opportunity to buy some silver at sub $30 pricing. I think we will see this begin on Monday but by end of day Tuesday silver will be in the 29.XX zone giving a very brief opportunity to make a big buy early this week. By end of November we will see 38.xx showing support for 40.XX+ Right now both silver and gold are undervalued. With the shorts coming up, the issues with Greece, threats of QE3 and an upcoming election I think we can see precious metals sore into historic levels. I believe we are about to see a very large transfer of wealth and anyone who has put precious metals aside will profit over the course of this year. Buy as much as you can and sit on it, in 12 months you will be very happy you did.

Tuesday I hope to make a purchase at sub $30 pricing. Prepared to do whatever I have to to get as much physical as I can....paper is even a smart buy at this point...quicker to trade...I am ready to murder everything under $30 and Gold will follow the same path. In a much smaller way, I will also take advantage of the dip that will happen there also.

I hope my predictions are spot on or under...lets watch the charts


Looking at this pattern over the past 12 months we can see a reflective pattern emerging that is about to drop a few dollars more before it will bounce into the $40+ area. We could see some crazy instability that could create quick pockets to get on board before silver goes into support for a price well over $50 according to some, even more. I told you to invest over the course of this thread and hyou have seen these oppurtunities come and go, I hope some have done well with this advice.

And don't forget about poor man's silver, nickels are the next big thing for 2013-14..expect to see a sizable increase in the price of nickel, zinc and copper. Amassing a big storage of American nickels, if you have the room, is the smartest thing to think about over the next 6 months. Remember, a nickel will never be less than 5 cents but in the near future I believe the nickel will have a melt value north of 50 cents! 10 times your money for some storage over the next 2 years! Hey, if I am wrong, you have not lost one nickel!

Could today be the day? So far, price is at 32.70, China half way through their day. 8 hours till the US market opens. Any bets on this one? I bet we see a very big movement today, before end of day a lot of people will be very happy and a lot of people are going to be very upset, which will you be? Hard to play it now, I said I would start to buy at 32.50, lets hope the market opens at $25.00

32.07 not bad for a weekend short run if you have some liquid. I think we will see even lower prices opening of Asian market and further losses when NY opens. Maybe 29.00? Anyway, I just put a bid in for 8 rolls of America Silver Eagles and my bid is right at spot. 13 hours till auction ends so we will see. If not I still have the guns out and i am trying to murder everything moving.

is there a year the nickels must be dated before???

youknowme123321;514065 said:

is there a year the nickels must be dated before???

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No, any Nickel will do. You may find some old war nickels or buffalos but for the most part, just plain old Nickels. They do take up space, I buy $500 at a time in bank bags. A big closet or even small bedroom can fill up quickly. But remember, if you need to, you can always pay anyone with those rolls of nickels! They will never be less than 5 cents and they are guaranteed to skyrocket the second the USA stops minting them in their current metal content.

Increase in metal values
In the first decade of the 21st century, commodity prices for copper and nickel, which make up the five-cent coin, rose dramatically, pushing the cost of manufacturing a nickel from 3.46 cents in fiscal year 2003 to 11.18 cents in fiscal year 2011. In an attempt to avoid losing large quantities of circulating nickels to melting, the United States Mint introduced new interim rules on December 14, 2006, that criminalized the melting and export of cents (which as of 2011 cost 2.41 cents to produce) and nickels. Violators of these rules can be punished with a fine of up to $10,000, five years imprisonment, or both. The rules were finalized on April 17, 2007.[106][107] On October 4, 2012, a newly-minted US nickel contained $0.054683 worth of metal, 1.0936 times its face value, at closing market price.[108]
Mint Director Henrietta Fore in 2004 asked Congress to fund research into lower-cost alternatives to present coinage metals. Although the initiative lapsed when she left office in 2005, in 2010, Congress passed the Coin Modernization, Oversight, and Continuity Act, directing the Mint to explore alternatives to the present compositions of the six denominations, from cent to dollar. In 2011, the Mint awarded a contract to study the issue to Concurrent Technologies Corporation of Johnstown, Pennsylvania. Although the contract does not expire until 2013, under the legislation, the Mint is to provide a detailed report to Congress and to the Treasury Secretary by December 14, 2012.[107] The Mint expects demand for nickels in commerce to increase from 840 million needed in Fiscal Year 2011 to 1.08 billion in 2015.[109]

All sited through Wikipedia

Time to start buying nickels

youknowme123321;514146 said:

Time to start buying nickels

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Very much so. I pick them up in $500 bags. Anyone who is not hoarding their nickels is just plain dumb. I also picked up a couple rolls of ASE's and 8 rolls of Quarters. Hoping for a bigger drop before I shoot the main guns.

Sounds like sound advice DLD.
I would definitely invest some into silver if I had more money to spare.
Unfortunately all of my money is tied up atm.

ninja_42;515636 said:

Sounds like sound advice DLD.
I would definitely invest some into silver if I had more money to spare.
Unfortunately all of my money is tied up atm.

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WIthout risk you could start by investing in US Nickels at face value (5 cents). You will need some room to store as they add up fast but currently, the Nickel has a melt value twice it's face value. We can not melt them but very soon, when the Nickels metal contents are changed, the value with be easily 10 times face within a year. Even if I am dead wrong, the Nickel will never be less than 5¢, so you will never lose.

With Silver it is still a good time to get in, I am starting to think that it will remain sideways until election is over. This will give people a chance to grab some. The sideways trading is definitely due to the current administration manipulating the dollar....as soon as the election is over Silver will jump to $40+ again IMO.

So say I have $100 worth of pennies that are dated between 1982 or before. So this $100 worth of pennies is worth $200. How do I get that $200? And how will I get the increased value of nickels in the years to come?

anyone ever hear of goldmoney.com? any good?

youknowme123321;517263 said:

So say I have $100 worth of pennies that are dated between 1982 or before. So this $100 worth of pennies is worth $200. How do I get that $200? And how will I get the increased value of nickels in the years to come?

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Check with your local coin store. Many of them trade in copper pennies - same with nickels when the time comes.