Junk Silver vs. BullionSubmitted by Samuel Howell Jr. on Wed, 02/20/2008 - 09:36
I know this topic has been discussed in depth previously, but I thought I would start this thread.
I have been buying junk silver (pre 1965 U.S. coins). Mostly Peace and Morgan dollars. My reasoning has been if the dollar collapsed this would be readily usable for bartering. My question is:
Is there an easy way to tell what my silver is worth in relation to the spot price. Is there a formula that would let me take the total weight of the metal, calculate the troy ounces based on a .9% silver content and arrive at a estimated price?
Also, in light of watching that Rich Dad video, it seems to me that I should perhaps buy some silver bullion, say, Mapleleafs or Silver Eagles.
Is anyone buying junk as opposed to bullion and vice-a-versa and why?