Kir
Elite
I consider myself lucky as my jobs put me in a position to purchase silver at low prices and immediately turn around and make a profit. During the 1970's, silver spot was at $3/oz. I was manager of a bar and a guy came in with a bag of coins, quarters and dimes. He wanted to change them at face value. When I opened and spread out on the counter I found all silver. I immediately offered him $60 as I knew I could turn around and get $90 for it, but I kept some of the older coins, like the flying eagle and sold the rest. My first EZ transaction. While working in the cage of a casino, a man tossed me a coin on the marble counter. It did not sound like a normal $1 token and after examining it, turned out to be a $5 Sterling Silver Token from a different casino. However the best deal I ever made was when a woman came up and asked for $700 for some Morgan Silver Dollars. That casino paid once every two weeks and during the year there was a month when it would put out 3X a month where I did not have to spend to pay rent or bills, etc. and that was the day when I offered the woman only $500 for the Morgans. Silver may have risen to 5X then. Over there years I have collected more silver coins now and then. My last big haul was when someone came in with a bag (usually $500 of quarters placed in there) of all silver quarters to run through our coin machine as the man wanted currency for the amount in the bag. I don't know if he didn't know what he had or was untraceable coins? After going through the bag and the half filled previous one, I called my wife to come down with our checkbook so I could buy the quarters. After separating the quarters, I wrote out a check for a tidy profit.
I have since sold all the quarters and dimes with exceptions. Working in the cages of several casinos, I have also collected foreign coins, some valuable and others not so, but still interesting: a dime size that has a silver Queen Victoria from the mid 1800's; a 1968 dollar sized coin from the Mexico Olympics with probably only 72% silver in it rather than .99% like our Morgans and many others. So, I have been very lucky. I still have the Morgans and while I started collecting at 3X face value, they recently hit $93.
What I wanted to pass along, naturally gold is even more valuable. However if there ever was a SHTF scenario, how would one break down/receive change, for any you would want to buy? The silver not being worth as much would be a better deal as you would not have to lose so much. Just a thought. I hope there are others who have been as lucky and can share such stories...
I have since sold all the quarters and dimes with exceptions. Working in the cages of several casinos, I have also collected foreign coins, some valuable and others not so, but still interesting: a dime size that has a silver Queen Victoria from the mid 1800's; a 1968 dollar sized coin from the Mexico Olympics with probably only 72% silver in it rather than .99% like our Morgans and many others. So, I have been very lucky. I still have the Morgans and while I started collecting at 3X face value, they recently hit $93.
What I wanted to pass along, naturally gold is even more valuable. However if there ever was a SHTF scenario, how would one break down/receive change, for any you would want to buy? The silver not being worth as much would be a better deal as you would not have to lose so much. Just a thought. I hope there are others who have been as lucky and can share such stories...
