Great time to buy when the prices fall

[greg23]

I put an ad out that I was buying silver.Long story short.I got a reply from a guy who was also buying but got scared when the prices fell a lot in 3 days.I bought all pre 1967 for 9 X face and the 1967 for 6 X face.Gonna bag it up,put it away and forget that i even have it.Sell when prices go up.

HH

Greg

 

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[mlayers]

Holly crap that is a lot of silver....Matt

 

[cdltpx]

How do you insure you are buying silver and not a coin made of nickel that appears to be silver. Some countries have coins like that? Do you have a tester to prevent you from paying for bad coins?
I ask bc I have a job where I have plenty of time and it would be nothing for me to buy and sell like this.

 

[greg23]

Almost $2500 worth

 

[greg23]

1967 silver is a mix of both 80% and 50% silver,except for halves and dollars ,which were 80%.The mint made 80% for the first 4 months of 1967, and switched to 50%.In 1968,only dimes and quarters were 50%1966 to 1937 is 80% silver.1936 and before is .925 silver,.075 copper.you can tell by the sound,look,size,etc.I have a world coin book that lists the metal content.

 

[cdltpx]

TYVM world coin book explains it all. I was going to buy/sell gold but the testing fluids are harmful if not handled properly so I decided not to buy the bottles of acid from the jewerlery supply. Not just that but you can get burned buying things that tested good and later were found to be fake.
I have a red book that explains USA coinage and I just looked inside it where it advertizes for another book Modern World coins 1850-1964 call 1.866.854.9763 or email them [email protected]. I will look at the library for this book it probably is in the reference section of the library. There are probably plenty of sources where I can get this book for a great deal
.

 

[greg23]

you have to be careful when handling the testing acids.You can get a pretty nasty burn.

 

[alexfm123]

In general, and Im speaking of US currency, Im not sure about anything else, anything before 1964, with the exception of nickels and pennies, was 90% silver. After 1964, half-dollars were 40%, up until 1970. I've heard that Eisenhower dollar coins were also 40%, but Im not too sure about that. So, generally speaking, if the coin is older than 1964, its almost solid silver.

 

[fistfulladirt]

In general, and Im speaking of US currency, Im not sure about anything else, anything before 1964, with the exception of nickels and pennies, was 90% silver. After 1964, half-dollars were 40%, up until 1970. I've heard that Eisenhower dollar coins were also 40%, but Im not too sure about that. So, generally speaking, if the coin is older than 1964, its almost solid silver.

Ike dollars minted for circulation were clad. Ike dollars 71 S to 74 S and Bicentennials S mint were 40% silver clad issued for collectors, per Red Book.

 

[NaturalJWL]

Wow Greg ! You are cleaning up on all that silver !!!

 

[greg23]

Im picking up 3 or 4 gold coins tomorrow or wednesday,and 2 100oz engelhard bars