Do you sell your clad right away?

[koala33]

I just started puting my clads on the bay. I know there are fees, etc, but they sell for what the market is at, so it's not too bad. Why sell these?

1 - to make my 90% collection totally free (i.e. make up box fees, gas, etc)

2 - To put a little cash in my pocket now

I had to think about it hard at first, because if I wait, silver is gonna go up in the future. So I am strictly keeping 90% and proof coins..

Anyone else?

 

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[Bigheed]

silver is silver is the way i see it. Theres no premiums for any of these "junk" halves (not counting any rare dates or whatever just the junk). So if you prefer to only hold 90% coins one is as good as the other in my opinion. Or if you just want to keep the "volume" of your collection down or just to put some $$ in your pocket they're all good reasons.

If there was a total collapse(or should i say when there is ) of the fiat currency system I think it will be good to have some of all sizes dimes, quarters, 40s, 90s, rounds, eagles.

So me personally I wouldn't but they would also probably be the first to go if I needed/wanted some cash.

Some others have also pointed out that the sales threshold for 40%'s is higher than for 90%'s when it comes time for tax reporting.....I don't know the ins and outs of that but i think $ilver$urfer wrote a post on it once or commented on it in one of his posts?

Bigheed

 

[blkcwbyhat]

As bigheed said,in event of a total collapse,it might be nice to have a variety to sort of,"make change". If you assume a barter system,lets say they pay with a 90,you give change as a 40 and a silver dime,a war nickel,whatever...That is my point of the survivalists..preserve wealth in whatever you can.BUT!!!! If it comes to that point,your gold,silver,whatever,is not worth food! As far as a long term investment,trade it asap! As far as a barter item,there are better things to invest in.

 

[MIhunter]

I keep all the silver I find.
Depsite what you might read, THERE WILL BE NO COLLAPSE OF CURRENCY. There will be no barter economy.

Money came into existance to facilitate trade, that need has not and will not end. The dollar has and likely will drop in value, but it will not go away or become worthless. Even our mostly copper dimes, quarters and halves have intrinsic value (about 25% of face) Why am I so confident? The world economy is interconnected, the world is vested in the dollar and the US economy, that might decrease but it won't go away. On this great planet we are still a very large country with a large population, large amount of natural resources and the largest economy. We have problems, for sure and we likely never be as dominated in the world economy as we were in the decades after WWII, but we are not going away!

I did however buy 2 pistols, one rifle and 1000 rds of ammo last yr. as I have been wrong before

HH!!

 

[fistfulladirt]

40% are truly "junk silver". I sell as soon as i aquire a few rolls. They take up valuble storage space.
I traded 3 rolls yesterday, and was appalled that I did not get coinflation quoted melt price. The nerve! ffd

 

[TheRockDoc]

I keep all the silver I find.
Depsite what you might read, THERE WILL BE NO COLLAPSE OF CURRENCY. There will be no barter economy.

Money came into existance to facilitate trade, that need has not and will not end. The dollar has and likely will drop in value, but it will not go away or become worthless. Even our mostly copper dimes, quarters and halves have intrinsic value (about 25% of face) Why am I so confident? The world economy is interconnected, the world is vested in the dollar and the US economy, that might decrease but it won't go away. On this great planet we are still a very large country with a large population, large amount of natural resources and the largest economy. We have problems, for sure and we likely never be as dominated in the world economy as we were in the decades after WWII, but we are not going away!

I did however buy 2 pistols, one rifle and 1000 rds of ammo last yr. as I have been wrong before
HH!!

I was on this "collapse of the dollar kick" for four or five months a while back, the more I thought about the situation, the clearer it got (in my own mind anyways). I have come full circle, and I completely agree with MIhunter at this point. The dollar is going to continue to lose value forever, but it will never fail, unless they (the elite private bankers or THE FED) replace the dollar with something else. (Forcing the dollar to fail by default). My opinion on this is quite simple..... Sheeple! Think about it you guys, in order for the dollar to collapse, majority of people must completely lose any and all faith in the dollar... IMO, 90% or more of people will not, well, do not have the capability to "lose faith" as they say, in the dollar. Their shallow, manipulated, tiny little perspective of a mind will not allow them to even fathom this concept. I came up with this conclusion partly by "asking" some of the people around me what they think. (people who I consider half way intelligent individuals I might add). If any of you havent done this, just try it for a day or two, it is unreal the type of responses I get when I bring this up. It is comical but sad at the same time, how uneducated, and uninformed most people are about what is going on around us. At the end of the day, I do not think it is possible for the dollar to fail because I do not believe it will ever get to the point that 95% or more of the common man will lose all faith in it. (Does anyone have any thoughts on what percentage of people would have to "lose faith" in order for the dollar to lose all value?)

To get back on track, with all that said, I think it is pretty logical to assume that this fiat currency we call the dollar will continue to lose value forever, (faster then it ever has IMO). If it takes a certain amount of dollars to buy an ounce of "precious metal" today, and those dollars lose value tomorrow... It will continue to take more and more of this devalued dollar to buy that same ounce of "precious metal" or "silver" in this case. So I think it is safe to say, that best case scenario, is that buying up precious metals is the best hedge against inflation... Worst case scenario, is that trading dollars for gold or silver today (before the collapse), is going to feed your family for a while if the absolute unthinkable happens. It will however, be only one of the handful of factors that it will take to survive the absolute meltdown.... It is crazy to even think about.

Anyways, I really appreciate this forum not only for the thrill of everyones "finds" CRH'ing, or just treasure hunting in general, but also, I would say that the majority of people here are very intelligent, and very informed about what is happening in the world. It is refreshing to know that I can come here and feel like I can "associate" with like minded individuals. It can sometimes feel a little depressing when all I can see around me in my world are the manipulated sheeple created by FB, reality T.V., Entitlements, free bread at the circus... ETC.

Hopefully that isnt to off subject, or offensive, or even too long winded for that matter, I better get back to work. Thanks for letting me voice my opinion a little.

Chris.

 

[frankiefry]

I am also selling my 40%'s whenever I get a full roll. It is helping to suppliment the loss of income now that I'm only working part time. On the up side, now that I'm only working part time, I have more time to make pick-up and dump runs. : ) Right now, we are going through 6 boxes a week, 2 at a time. The finds are scattered all over the 'board' and this week we only found 5 40%ers from those 6 boxes. Let's all hope next week is a better week for us all. : )

 

[bnicholas26]

This is my 401k. Never selling anything for any reason. Diversity is good if you want have a little or a lot to sell, but my way of thinking is if you found it you keep it. Uncle sam has no idea and you don't have to wait until you're 65, fired, of leave your job to dip into it. I think I speak for many of us when I say "Don't trust government, don't trust the justice system, don't trust wall street, and don't trust paper with a dead president on it." REAL money can't be lit on fire. Remember, we get our information from the media, which is owned by the big wealthy business interests who control everything and make all the important decisions. Politicians are installed in government to give the illusion you have the freedom of choice. You have no choice. Everyone's in the band. You have owners, they own you and everything else too. They control information because that's the way they control thought. Language is a tool for concealing the truth. Never submit to spooned out information.

 

[kb4iqm]

As I've said before, I'm not into CRH'ing to make money, but to enlarge my collection. I collect proofs and high mint state clads for my own collections, as well as keeping a few spares to help other collectors fill holes in their collections. I've traded dozens of those spares out to collectors for face value, as I'm not in it for the money. The challenge of finding and collecting is rewarding to me.

If I were ever to get short on funds to the point that I would be tempted to sell off any silver or gold bearing coins, I would first cash in those spare mint state clads that are worth little to nothing over face. Then the clads in the collection books would be next before I would sell off any 40%ers.

Having plenty of .999 fine, thousands of 90%ers, and hundreds of 40%ers on hand is a good security blanket to fall back on. I may not be able to eat the silver when things go bad, but that is not why I collect coins. My food storage is already well taken care of already. I started collecting coins because I really enjoy collecting old coins. I collect extra silver coins because they may have barter value for supplies that I did not have the foresight to put aside in advance. I also collect silver coins because whatever form of currency we end up with in the future, silver will always have intrinsic value as a precious metal.

The scuttlebutt that I've been hearing of late is that the FRN will be replaced by another form of currency, and that the FRN has lost so much value that it will not have any trade-in value. Whether this is true or not, I'm not willing to gamble by holding any large amount of FRNs. I prefer to hold precious metals, and only keep enough in FRNs on hand to take care of day to day expenses and monthly bills.

Bob