Silver face value

It was back when I was really paranoid.

I got 20 ("a roll") of silver liberty dollars, dating around the 1920s. It was when silver was around $13/oz and I spent over $400 after shipping costs.

It took nearly two months to get it delivered - far longer than I was told. I called a few times and it kept getting delayed. I was about to cancel my order when I called the last time and was told again "oh, it may be another couple weeks or more." I was pissed, since this is what I was told initially. But then I got them a few days later.

I don't know if it was worth it. I guess I'll have to wait until the depression to know that.

I'll probably be holding onto these coins for a very long time. It is a wiser thing to do if you have lots of money you're not touching. Now I think I'd rather have put that money towards a new truck. The only insurance they provide to me is in case there's a sudden absolute collapse of the monetary system - but now I doubt that's going to happen. But if it does, then good for me I guess.

Damn Alex Jones freaked me out and convinced me to buy from his sponsor. I'm sure Midas pays him well for his services. But I was an unhappy customer and eventually gave up on Jones months ago.

...

"Talk all you can about all you know all of the time."

Lower premium; perhaps the most recognizable; everyone will understand their worth if it DOES happen that the SHTF; won't have to cut or prove that its real; and is legal currency, i.e., can be handy to structure transactions since its legal currency -- helpful vis-a-vis the taxman? Consult your attorney!

IMHO, the safest, cheapest, and most useful.

I should add, I've given away my silver to the poor.
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"Make the lie big, make it simple, keep saying it, and eventually they will believe it." -- Joseph Goebbels

Very straight-forward and easy buying from them, plus fast shipping (always faster than they say the availability will be). My advice is to diversify between different forms of silver product. There are advantages and disadvantages to each:

American Silver Eagles-
Advantage: Can be sold for a high premium during normal times, hard to counterfeit.
Disadvantage: If the SHTF, that premium will possibly go away and it will be worth silver content only, also, although one ounce, it does have a very small portion of copper (.07), so not as pure as others, and also, not a problem but worth mentioning, if you brought it to a bank, they'd just give you $1 for it..

Canadian Silver Maples-
Advantage: About the purest silver you can get, can be sold for a premium during normal times, and I suppose it does have a relative high legal-tender value, if the value of silver crashed (fat chance).
Disadvantage: Still must be bought for a premium, which would surely go away if the SHTF.

Silver Rounds (.999+)-
Advantage: Low markup, pure silver, easily sold if from a reputable dealer, would be good money if the SHTF.
Disadvantage: If silver went through the roof ($100+) and counterfeiting becomes a problem, there could be an additional cost to getting rounds assayed to prove silver content

Silver bars (1 - 10 ounces)-
Advantage: Same as rounds, plus easy to store in less space, relatively low markup
Disadvantage: Same as rounds

Silver bars (100 - 1000+ ounces)-
Advantage: Easily stored, easily traded for industrial uses, very low markup.
Disadvantage: Would have to cut in half to confirm it doesn't have a lead core, much harder to sell to the average silver investor, not easily divisible to be used for purchases if the SHTF.

90% "Junk" silver-
Advantage: Real coins, hardest to counterfeit, still legal-tender (though you'd never want to sell at face value), much more divisible for small purchases in a SHTF scenario.
Disadvantage: Dirty, worn, not pure (a silver/copper alloy), harder to fit into smaller safes (or deposit boxes, if you dare). Some swear by junk silver, but I don't get it. If you gave most people a 1960 half dollar, they would just see it as a 50 piece. If the SHTF, I don't want to be going around trying to convince people that a dime or quarter is really worth a lot of money.

40% silver coins- Not a good investment, harder to smelt into pure silver, I say stay away from it.

Silver grain/shot- mostly used in the jewelry trade, very small market, very hard to judge the purity of it, I say stay away from it.

Unique coins/collector coins- Eh, stay away, that's not how to invest in silver, and the huge premium hobbyist pay for these will definitely be gone when the SHTF.

I personally have stayed away from Mexican and European silver (though Mexican silver is supposed to be high quality) because of the premium and then really trusting the silver content. I just started investing in Silver a few months ago. One thing is for sure, for many reasons, now seems to be the time to own physical silver.

I just love walking into the coin shop about 6 blocks from here to buy silver coins and gold. I've been buying there for about 20 years. His stock various each visit - it's just a small shop. Sometimes I buy 90% silver US coins, or a gold Maple Leaf of various weights, sometimes old Morgan and Peace dollars. The proprietor and I 'know' each other and the commissions are at the low end as a regular customer. He respects my privacy, yet we are very friendly. Cash only and anonymous - no paper or video records. It's one of the little joys in my life - to turn my FRNs into something real.

Fuck face value. You're buying it cause it's a fucking ounce of silver. Don't pay $22. You can buy silver on ebay for $11-15 an ounce.