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Which would you be more willing to accept as payment in a SHTF scenario - or would be willing to pay for - 2015-2016 silver eagles or early Morgan/Peace Dollars? More silver in the Eagles but there is history to the Morgans/Peace Dollars that actually sell for more $$ right now than the eagles.
Which would you be more willing to accept as payment in a SHTF scenario - or would be willing to pay for - 2015-2016 silver eagles or early Morgan/Peace Dollars? More silver in the Eagles but there is history to the Morgans/Peace Dollars that actually sell for more $$ right now than the eagles.
It is always a mistake to depend upon numismatic value, whether in good times or bad. The old cartwheels (Morgan/Peace $) are coin collector's items at present. You should never pay more per oz of silver than you need to.
My advice is to stick with the 1 troy oz rounds, as long as they are marked as such. Both ASEs and Canada Maple Leafs are excellent. The year does not matter. I know that numismatists are currently charging more for earlier years, but if the S ever does HTF, and IF silver is accepted once again as money, 1 troy oz of silver will have the same value regardless of mint year.
So, go with the ASEs of this year, but don't turn your nose up at Maples, either.
If the S really does hit the fan and I am starving, and you are standing in front of me with a handful of silver coins and a handful of chocolate coins wrapped in foil - i'd probably see the chocolate coins as more valuable...
If the S really does hit the fan and I am starving, and you are standing in front of me with a handful of silver coins and a handful of chocolate coins wrapped in foil - i'd probably see the chocolate coins as more valuable...
Oh yeah -- chocolate, liquor, tobacco, coffee, spices -- will all be in high demand if unavailable!
Oh yeah -- chocolate, liquor, tobacco, coffee, spices -- will all be in high demand if unavailable!
Especially Salt!
Liquor, beer, wine, hard spirits, can be made from local materials. For tobacco you can substitute kinnikinnick like the Indians did.
Coffee, (substitute Chicory), and Cacao can only be grown in specific places. Spices at one time were worth more than their weight in gold, but Salt you need just to live and in places far from the ocean or away from where it can be mined, it was so valuable that at one time the Roman soldiers were paid in salt, (sal for salt becomes salary in modern English).
There are places where salt is naturally occurring, but salt is essential for keeping you alive as well as for preservation of food for brining, salting and pickling.
If you don't have salt, you can substitute lye in some cases for preservation, but salt will always be valuable in any SHTF situation that lasts for any length of time.
.... Salt you need just to live and in places far from the ocean or away from where it can be mined, it was so valuable that at one time the Roman soldiers were paid in salt, (sal for salt becomes salary in modern English).
Very true, my friend!
And the women in my family think that toilet paper is also needed "just to live"! So yes, we store salt, sugar, ammo, and toilet paper!
Premiums are low on common date Morgan and Peace Dollars whereas premiums on Silver Eagles are high for what they are. The real problem is that silver is becoming less and less valuable in its ratio to gold. This has actually been going on for several centuries, but the slide was exacerbated when silver lost its place in photography. Since silver production is mainly a byproduct of copper mining and since copper prices go up in a good economy stimulating mining, we may expect silver to slide further. It's a poor investment at this time. Gold is better, but the investment that has the most potential right now is the DJIA as well as a number of specific stocks, particularly financial services. Legislative relief for the financial services industry is on the horizon.
Anyone who likes silver can buy it as a collectible. Numismatic values will likely increase in the next few years. People should not buy silver as a commodity play at this time and possibly never.
I wouldn't discount silver as a means of holding wealth.
Things are all over the board and DJIA hit a record high today if I read things properly. At the same time, silver is up over 2% for the day. Things are crazy....
think maybe the fact that money in the bank is just digits on a computer is worth having some silver just in case...
In case of what? Read my previous post.
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So yes, we store salt, sugar, ammo, and toilet paper!
