Silver Coins WTSHTF?

[chickensducks&agoose]

I have heard a lot about having silver coins (pre 1965) to use as currency after TSHTF... how am I supposed to know how much they're worth, and how much should I have on hand?

 

[KevsFarm]

Personally, i don't think gold, silver and the likes would be worth much in a SHTFS...You can't eat it, your livestock can't eat it. You may find some with allot of food stores and emergency supplies in general to trade silver/gold with.I think most folk who prepared, will want to keep what they have for survival of themselves and family.

 

[FarmerChick]

pre date coins are more silver

just google silver coin prices and you see the value in a 1945 dime vs. a current dime

I metal detect. I look to find the old silver. It has good value. Silver is supposed to increase well over the next few years. "They" say gold will be over $2k per ounce in a few years. Yea silver and gold are good to have lol



gold and silver will be worth something if the ** hits the fan.....but basically it sure will depend on the ** that hits the fan.
Nuclear war, total devasation, who cares about gold or silver.
hard economy--darn right you best be hanging onto real silver and real gold!

 

[chickensducks&agoose]

my great grandparents had a coffee can full of silver coins, so if I can collect my share of that from my dad, I might be all set. what do i do though, in case of the shtf, "hey, i'd like to buy a case of toilet paper for 2 silver dimes?" is there a basic conversion i should know?

 

[k0xxx]

I have heard a lot about having silver coins (pre 1965) to use as currency after TSHTF... how am I supposed to know how much they're worth, and how much should I have on hand?

To get the value of a silver coin, use these formulas:

Dimes
Spot price times .07234

Quarters:
Spot price times .18084

Halves
Spot price times .36169

The just multiply the answer you get by the number of coins.

If the current spot price is $32.66 then the silver content of a silver dime is worth $2.36.

As for how much to have on hand, I would recommend that if you are squared away in the bullets, beans, and band aid departments, then put back as much silver as you feel comfortable with. Silver may be a good bartering item eventually, but more importantly, it is a way to store wealth that won't get robbed by inflation.

 

[Mackay]

I bought silver this time last year. It has increased by 2/3 in value so far.. If I had purchased when I first had the mind to in 2008 it would have tripled.


The price may go down eventually but not till the new currency is in place and all are feeling stable with it.

We have some gold inherited from grandad. He purchased at under 250 an ounce back when and just sat on it... it seems to be the gift that keeps on giving.

Yes, if our down fall is purely economic silver and gold is where its at.

 

[Wifezilla]

Stock food first. TOTALLY! But if you have change on hand in a container somewhere, sort the coins. I did that and came out with 20 or so silver dimes, some silver quarters and even a couple of silver 50 pieces.

After you get the silver out, keep all of the nickels (any year), and the copper pennies (pre 1982). Then take all the "junk coins" (as in those with no metal value) and trade them in at the bank for rolls of nickels OR cash the "junk coins" in and go buy some extra bags of feed, or bags of beans.

 

[Sunny]

I have heard about saving pre 1965 quarters. But I didnt know what years of pennies. So it is pre 1982 pennies that I should be keeping. I was only saving the pre 65.. Guess I have to go through my penny jar again. But I thought copper had a low value.

I didnt know you should save any year of nickels. I thought those were also pre 1965. Why are we saving every year. I thought they put alot of fillers in them now..

Please, I need more information about saving coins for thier material value instead of face value.

I may have to go back through all my change. Good thing I didnt cash them in yet.

Every one is thinking about saving silver and gold. But what about platinum.. Platinum is more valuable than silver and gold.. But you barely see any one fighting to stock this precious metal. Why I wonder. I have an old platinum ring from the 1930s that has real diamonds in it.

I have a few silver coins. But it seems that they are getting rather hard to find in regular change. But we still check all coins that go through our hands.

Again.. More info on the coin saving thing..

 

[lighthawk]

To obtain the actual (Metal) value of all coins (American) you can go here...
http://www.coinflation.com/
There is a coin calculator section that will allow you to enter the number of coins (dimes, quarters, halves) and determine the actual silver content and value of the coins.
Currently the value of a nickel (any nickel) is seven cents.
Edited for spelling

 

[lighthawk]

Personally, i don't think gold, silver and the likes would be worth much in a SHTFS...You can't eat it, your livestock can't eat it. You may find some with allot of food stores and emergency supplies in general to trade silver/gold with.I think most folk who prepared, will want to keep what they have for survival of themselves and family.

You Can't eat it.
My house payment however is locked in at a specific price and as the value of silver rises I can sell the silver to defer that cost to enable me to afford other things like a pig that I can eat.
I may not be able to eat it but JP Morgan Chase will and it will pay my property taxes.