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Re: Loose Change

By: De_Composed in 6TH POPE | Recommend this post (0)
Fri, 02 Aug 24 11:05 PM | 25 view(s)
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Msg. 56193 of 60008
(This msg. is a reply to 56192 by De_Composed)

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The vendor I was using back in the day used to sell big sacks of dimes. He charged a lower commission (his profit above the spot price of silver) on them than on anything else he sold. He had a lot and it was like he couldn't give them away. I was never tempted, always thinking "Who would want a bunch of old grubby dimes?" I can't believe now that I was so stupid.

In TEOTWAWKI, dimes would be just about the BEST thing to have. Everyone knows what they are... there's zero danger that they're counterfeit... and it's extremely easy to calculate their worth. Moreover, because they're small, they're very spendable. A person with pre-1960 dimes could go to a neighbor's house and buy anything from his tractor to a box of toilet paper. Try and do that with your collection of Walking Liberty silver dollars or Krugerrands.

That's the main reason I'm interested in tonight's auction. I don't have any old dimes or quarters. Therefore I don't have any precious metal that would be easy to spend on the kind of day-to-day merchandise a person is likely to actually need.


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The above is a reply to the following message:
Re: Loose Change
By: De_Composed
in 6TH POPE
Fri, 02 Aug 24 10:42 PM
Msg. 56192 of 60008

CTJ:

Re: “I started buying silver in 1984.”
I never bought coins, but I did buy "rounds" around 2004. I don't remember the year with any certainty, but it was the very last time to the day that silver ever saw $4.80/oz. I used to be able to figure out the purchase date by looking at a silver chart that had daily pricing. I don't think I could find such a chart today.





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