Posted on 12/11/2025 6:54:05 AM PST by delta7
That’s because it’s not the value of a commodity rising, it’s the value of the dollar diminishing.
When was a kid in the mid 1960s, several of the local merchants would happily give me and my friends five beautiful Morgan silver dollars in exchange for a five dollar bill. The kindly owner of the Mobile station across the street had a save full of them, which he said were too heavy and inconvenient.
Or, perhaps he was impressed that we valued the silver and traded them out of kindness.
Anyway, I thought the coins were beautiful and my parents were both precious metal enthusiasts - although they never had enough savings to invest anything significant.
For several summers, I’d mow lawns and exchange a $5 for the coins each week.
I collected 120 of them during that period, which I still have sixty years later. I’ve never had them appraised, but assuming I have none of the super valuable ones, and only a few that are heavily worn, I expect they are worth more than their melt value - which would be about 120*61*.75, or $5400.
Now, I have a lot more silver than that, which I purchased 10 years ago at $15 per ounce - but the Morgans I collected when I was around 13 are my favorites.
The stock market is a plethora of derivatives of money.
Gold (PM) *is* money.
Well, some I bought at $20, some I bought at $8 and some I bought at $35. I took the cash I made doing side work and bought in. She is a firm believer in having the money work for us and her investing strategies have paid off far better than mine. I think the markets are heading for a large correction but I always think that. I would like her to take everything we have in the market and buy property outside the metro bit she thinks I’m crazy. I still have 10 years minimum until I retire so, regardless of what happens in the next two years, I will still have more to put up for retirement.
Buying silver for long term investment is like saying I wish I had bought that 64 Corvette that is now worth $45K.
IF you had put that money into Apple or the S&P 500 Index fund it would be would 10X more.
FYI, i have some Silver and Gold. Not enough to be worth more than 20K even today.
I wish I had bought NVIDIA. A guy I know bought it about seven years ago. His shares are now worth over $1 Million.
“I wish I had bought NVIDIA.”
Gads.... wish you wouldn’t have brought that up. Over 20 years ago I had 10K to invest in Nvidia then life threw me a tremendous curveball and it wasn’t meant to be. Take a guess on it’s value. Yeah.... I know.
It’s not hype even a fool can see silver is headed to the moon. While the dollar is headed towards toilet paper status thanks to our overspending politicians. When silver shoots higher it won’t ever go back down to it’s current price. It’s by far the most undervalued asset today.
The guy who I work with bought it based on a tip from his kid. So, he made the investment in his sons IRA. It hit 1.2 million when the stock went to $210/share. It is all in his son’s account though. It was the money he had to spend on college. His son did not go to college. He is an EMT.
FYI, this guy also has a 64 Corvette that his wife bought him for their 25th wedding anniversary. She paid $25K back then for the car. It is worth about $45K today. The interior needs to be redone. It is the 327 V8 4 speed convertible.
So, the value of that car has increased a lot, but not even doubled in 15 years.
Looking forward to the presidents two thousand dollar
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$2,000 held as personal wealth in 1860 would be equivalent to $1,273,893.00 in 2025 which would have made you among the super rich at the time.
I have collected coins since I was a kid. Mostly as a fun hobby, not really for the sole purpose of investment.
Unfortunately, Chinese counterfeits are hurting that market.
I, too have been a collector since I was a kid. I have a complete wheat cent set (no 1909 S VDB, no 1914 D), complete Jeffersons through 1980, complete Roosevelts to 1964, complete Washingtons to 1964, and a nice type set missing of course the usual. I bought most of the type coins in the 1960s, a few recently. The circulating coins are all from pocket change.
I laugh at the obvious counterfeits on eBay. Some of the Chinese stuff is pretty good, I was grabbing bullion 2019-early 2025 but not (obviously) right now.
Interesting times we live in.
Yes they are. I buy mainly from established coin dealers or graded coins.
I am looking at a few other old proofs that I would like to get next.
When they are selling American Silver Eagles for $15.00 and they come from China, it is a sure ripoff.
Don’t feel bad. I was doing it all right and the government decided to shut down my industry for the China virus. I lost nearly everything. If we were doing it right, we would have become politicians, started a green scam company, or started NGOs for refugees... We’d be rich.
Silver coins make great gifts to the nieces and nephews. I have bars I will sell one of these days but the coins usually are given as gifts.
I got in on XRP early and then it was trapped by the government lawsuit that drug on for two years. I had some money issues when it was settled and cashed out for a nice profit.
Yes, you can do everything right and still get screwed.
My payday is this Friday and I will pick up another $100-$120 in silver.
Each Peace and Morgan ( circulated) are .770 oz/t Silver. Not to be confused with pre-64 coinage, calculated at .715 oz/t Silver.
“Ya got me.”
LOL!
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