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To: Kolath

Why do people buy coins? Wouldn’t ingots make more sense?


55 posted on 02/14/2014 8:11:35 PM PST by gitmo (If your theology doesn't become your biography, what good is)
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To: gitmo

Ingots are cheaper per ounce, but coins are more disposable.
And in a SHTF situation, it is going to be hard to find change for a hundred ounce ingot when you are trading for a loaf of bread.


56 posted on 02/14/2014 8:24:19 PM PST by LegendHasIt
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To: gitmo

Because the Chinese are faking bullion like 1 ounce bars while pre-64 silver US coins are not faked (except rare ones like proofs). So if you have a mercury dime you can easily determine its value, with a bullion coin or bar you really need to get an assay to be sure.


58 posted on 02/14/2014 8:41:26 PM PST by par4
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