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You could sell a pre-1965 dime for close to its $3.06 melt value today, leaving you about 50 current cents short of a gallon of gas..........Not bad at all.
Bachmann made an empty claim, Paul made a mostly (his quoted silver dime value was slightly off) accurate verifiable claim.......
but at FACE value its still a dime
just like the (prior to 1982) penny (which has 95% copper) is worth about 3 cents in the metal (the current penny is 97.5% zinc)
just like the (prior to 1982) penny (which has 95% copper) is worth about 3 cents in the metal (the current penny is 97.5% zinc)
But they carry the silver worth value (about $3.00) that current minted dime coins don't... That's what Ron Paul was implying last night before the neocons cut him off...
just like the (prior to 1982) penny (which has 95% copper) is worth about 3 cents in the metal (the current penny is 97.5% zinc)
You're missing the point... We could pay off the debt...
Quote:
Originally Posted by HC475
$41.55 = silver price / ounce on Sep 07, 2011.
.90 = silver %
$4.1077 = copper price / pound on Sep 07, 2011.
.10 = copper %
2.5 = total weight in grams
.0321507466 = ounce/gram conversion factor
.00220462262 = pound/gram conversion factor (see note directly below)
The NYMEX uses pounds to price copper and that means we need to multiply the metal price by .00220462262 to make the conversion to grams. The silver price is based in troy ounces and that means we need to multiply the metal price by .0321507466 to make the conversion to grams.
$3.0056 is the rounded silver value for the 1946-1964 silver dime on September 07, 2011. This is usually the value used by coin dealers when selling these coins at melt value. However, the total melt value is continued below.
Precious metal prices go up and they go down and as pointed out previously are subject to inflationary pressures just like any other commodity.
I see... You'd rather have the British "Fed" print your paper dollars and have them charge you income tax to pay the interest...
... or... Pay with silver coins...
You do realize that in some countries like venezuela the gasoline is govt. subsidized?
It's like someone from France complaining about gouging for cheese prices in France because in the US they had cheese giveaways subsidized by the govt.
Yes, of course! I know is subsidized. But what you have not realized yet is that the subsized cost of gasoline is actually $.01 at the pump. But if the program to subsidize gasoline is eliminated the actual cost would be between $.05 or $.06 cents. In addition, you're missing the point. Even if you ten fold the price, it would still be way under your $3.40 a gallon (national average).
Apparently you aren't aware that Venezuela's nationally owned oil company heavily subsidizes domestic oil consumption.
See my response above to Mathguy.
By the way, I forgot to mention that if the Venezuelan Government decides to eliminate the subsidy, the country would go into a new Caracaso 1989. That was the riot that was generated by the application of the IFM's austery package in Venezuela. And it was the riot that brought Chavez into power.
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