
IPFS
One of my In-Laws asked my wife about Silver :)
Written by Ernest Hancock Subject: Wallet VotingIf you watch this 12min. video right now it’ll answer a lot of your questions and will help make the rest of this post much more understandable.
http://www.apmex.com/Category/503/Silver.aspx (Start here)
http://www.apmex.com/Category/528/Silver_Coins_90_40__War_Nickels.aspx (These are the best deals for several reasons)
Pre1965 (1964 and earlier) Dimes, Quarters and Half Dollars were 90% silver (then Kennedy was shot and LBJ did his thing)
The 10% of other metals were to harden the coins to use for circulation. But the silver content of these US Minted Coins is well known so they are traded for their silver content (some have greater value if they are perfect, but that is likely an investment for experts).
These 90% Silver coins are known as “Junk Silver”.
When
you buy a ‘Silver Round’ (1 oz. bullion) you will pay from $2-$5 per ounce in a
premium to the dealer (www.Apmex.com more
often than not has the best prices and they deliver). Buuuut, when you get the
uncirculated US Coins (Junk Silver) you often pay less than $1 per ounce
premium on the Silver Content. Each coin is known for its weight in Silver that
it contains. Here is a very good site to help you check on current value for
each coin.
http://www.coinflation.com/coins/silver_coin_calculator.html
Silver Coin Melt Value Calculation | |||
Values Entered: | |||
Quantity: |
1 |
| |
Coin Type: |
| ||
Silver Price: |
$35.33 / troy ounce |
| |
|
Answer:
Total silver value is $6.39.
Statistics:
» There are 0.1808 troy
ounces of silver in 1 silver Washington
quarter(s).
» Each Washington
quarter contains 0.1808 troy ounces of silver and is valued at $6.39
when silver is at $35.33 / ounce.
» A roll of Washington
quarters has 40 coins and is valued at $255.57 when silver is at $35.33
/ ounce.
I have rolls of Silver Dimes and Quarters. And this is what I do with them.
I use the older ‘Mercury Dimes’ (that have the same value as the Roosevelt 1964 Silver Dimes) because they are easier to tell that they are silver without having to put on your reading glasses to make out the date. The back of the card has information about the card and sites to go to and a QR Code that take you to other information.
www.WalletVoting.com has a lot of how we use this information to teach and have fun.
http://www.freedomsphoenix.com/News/090016-2011-05-17-droid-coin-silver-calculator-app-now-updated-v1-01.htm
This is an Android App that allows
you to instantly trade in these Silver Coins as an alternative to Federal
Reserve Notes (We use it all of the time) I make hundreds of the “Dime Cards”
(we’ll send you some) and use them as popular barter for kinds of stuff… plus
it is an educational tool. But make sure that the kids understand that these
are not meant for the Ice Cream man… and should be stored away from ‘The Man’ as well :) This
app is also in iPhone and Blackberry and Palm as “Silver Calculator”.
And here is
some of the fun we get to have.
http://www.freedomsphoenix.com/Article/079910-2010-12-08-wallet-voting-the-silver-for-bullets-project-video.htm This segment of my radio show informed the audience what we had planned. In less than 2 weeks we already had the Phone App and artwork and videos and and and…. And then the idea went viral :)
After you have gone through all of this. Give me a call and I’ll answer any questions I can that you might have.
Love,
Ernie