Silver money?

[spearheadersarge]

just a curious question since i'm kinda new here; how does one begin to accumulate a stash of silver coinage to use as a monetary item in a SHTF scenario? I've checked lots on ebay and the actual spot prices for silver but I'm not sure that "junk" silver coinage would work. What are the reccommendations?

 

[Tryin']

I recommend waiting until SHTF and then "appropriating" some.

Check out some dealers and I'm sure some on here will help you out. I don't worry about it much, myself.

 

[grunt soldier]

brads knives deals in silver and gold give him a shot and i bet he can hook ya up

 

[Brandon]

+1 for brads knifes. i bought a silver coin off of him at the 1500.. not much of a special or rare coin, but silver none the less.

also if shtf, it may not just need to be a silver coin. it could be silver bars/ingots to hand tools or junk laying around the yard. i may or may not be doing a good job at doing a small amount of prepping as im really not counting on the shtf, so i buy stuff i like to look at (that i can afford. i love gold but cant afford much of it)

 

[Security122]

I believe any dime, quarter, half dollar, or dollar coin minted 1964 and earlier will contain about 90% silver. So, you could just keep an eye out for the silver in your pocket.

 

[IndySSD]

Lakota Silver

I have some of these.

 

[G_Stines]

I believe any dime, quarter, half dollar, or dollar coin minted 1964 and earlier will contain about 90% silver. So, you could just keep an eye out for the silver in your pocket.

Very true. I found one the other day in my change from the cashier. I guess I was lucky, when my grandmother passed, she gave all of the grandchildren a coffee can of dimes, quarters, half dollars full dollars, and random coins and dollars. I procured most of my silver from that. She also used to give us a silver half dollar every year for our birthdays til we were 18. I still have all of those. Since then, I have purchased some from ebay, and sometimes I find them a garage sale.

 

[pjcalla]

I believe any dime, quarter, half dollar, or dollar coin minted 1964 and earlier will contain about 90% silver. So, you could just keep an eye out for the silver in your pocket.

Yep. Here's a link that has been posted here before, IIRC, that shows you the current value of those coins.

Silver Coin Melt Values - Coinflation.com (Updated Daily)

Does anyone know how many of these coins are still in circulation? Or some sort of percentage? For example, if I were to go buy ten $10 rolls of quarters, how many do you think I would get (1964 and earlier). I have thought of doing this, but was just curious if it would be worth my time.

 

[G_Stines]

Does anyone know how many of these coins are still in circulation? Or some sort of percentage? For example, if I were to go buy ten $10 rolls of quarters, how many do you think I would get (1964 and earlier). I have thought of doing this, but was just curious if it would be worth my time.

Because of the collectors, I think it would honestly be a crap shoot. I don't think its a substantial percentage that you would get any consequential amount in your ten dollars of quarters. You might be better off going online or to a store, and investing that ten in a guarantee of silver.

 

[XtremeVel]

just a curious question since i'm kinda new here; how does one begin to accumulate a stash of silver coinage to use as a monetary item in a SHTF scenario? I've checked lots on ebay and the actual spot prices for silver but I'm not sure that "junk" silver coinage would work. What are the reccommendations?

Educate yourself some before you buy and shop around ! Know what you think would best accomplish what you want. What might be best for barter, might not be best for a simple investment.

You have several choices... Some I feel are better than others... A few examples would be common date pre 1964 coin silver ( dimes, halves, and quarters)... Another option would be the older Morgan and Peace dollars. They also have the same benefits of silver content, but come with a bit higher premium due to they are older than just pre 1964. Other options are bullion in common forms such as bars or rounds in various sizes usually ranging in 1 oz to 100 oz pieces... Lastly are the American silver Eagles. These right now are going for a very high premium and would take a large jump in value for you to ever recover your money in the event you decided to sell...

 

[troy28]

If you really want silver i would suggest getting it mostly in junk silver coins of small quantities. It's a lot easier to add a second dime to a trade if need be then give up a quarter and over pay cause it's the only quantity you have.

On the other hand. If we are at the point we need to trade in silver. I bet the guy with the bullet in the chamber will always win the better trade.

 

[SemperFiUSMC]

A buddy tells me stories about his parent's farm in Oklahoma during the Depression and Dust Bowl days. People would show up to the farm with hand fulls of gold jewelry looking for food. My buddy's parents would tell them to keep their gold and go out back and feed and clean up after the pigs and horses for a meal when they were done.

You can't eat gold or silver. I concentrate on other consumable items that I need.

 

[XtremeVel]

A buddy tells me stories about his parent's farm in Oklahoma during the Depression and Dust Bowl days. People would show up to the farm with hand fulls of gold jewelry looking for food. My buddy's parents would tell them to keep their gold and go out back and feed and clean up after the pigs and horses for a meal when they were done.

You can't eat gold or silver. I concentrate on other consumable items that I need.

Today, I would definately agree with that statement ! With silver going over $26.00 an oz, a person could add (6) to (8) #10 cans of Mountain House canned food to their preps for what they would spend on a measly 10 ounce bar....

 

[Hemingway]

Putting your money in just about any commodity these days will be better than cash or stocks.

Silver/Gold is good. So is food, ammo, and other stuff. Heck, just google cotton prices and see how bad that's been lately.

So, the thing to do is: sell me your silver and take the cash I give you and buy food with it

 

[Bradsknives]

Putting your money in just about any commodity these days will be better than cash or stocks.

Silver/Gold is good. So is food, ammo, and other stuff. Heck, just google cotton prices and see how bad that's been lately.

So, the thing to do is: sell me your silver and take the cash I give you and buy food with it

.....quit trying to hoard it all!!!

 

[Brown]

Make sure you have a good supply of food and ammo first. after that the best place I have found is the local shops that advertise to buy gold. they usually have junk silver to sell and it is closer to spot than buying on ebay or from internet sales.

If you try to accumulate at the bank by buying rolls of quarters and dimes belive me they are few and far in between. We have done it and the kids treat it like a treasure hunt. you might sort through hundreds of coins to find one. but at least that one is at face value and not a high premium!

check out your local coin shops,consigment shops,gold buyers

 

[DarkRose]

Several years back I used to tinker around with jewelry making, and some of the supply catalogs had silver shot for casting, and the prices seemed really reasonable (back then, below spot even if I remember right).

Always wanted to buy some to cast some silver bullets just for fun and conversation pieces...

riogrande.com has sterling casting grain at $29.12/troy oz., doesn't look like as good of a deal anymore... Still would be fun to cast and load some silver bullets though...

 

[spearheadersarge]

Thanks for the quick and positive responses. I thought probably that it would be cost prohibitive to start at this point, but the better half works in the banking industry and brings silver home whenever she finds it. We have a nice little collection going and wanted to add to it but will just keep going the way we are I guess.

 

[Hemingway]

.....quit trying to hoard it all!!!

You caught me

 

[Eddie]

Set aside a portion of your prep money for emergencies. Have a small stash of cash on hand for list minute trips to the gas station or the grocery store. Meanwhile, start researching sources of silver and gold coins. Once you build up a small stash of cash keep adding to it. Use the overage to occasionally buy a silver coin. Before you know it you will have a nice stash of cash and precious metals for SHTF. The key is patience. Take your time, set aside what you can afford and don't neglect your other preps. As SemperFi pointed out above, you can't eat silver. Portion out your spare money for food, water, ammo, guns, medical supplies and other preps. Let it build over time. Precious metals are a luxury prep compared to ammo, food and medicine.