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Seeking Advice re Buying Junk Silver

Posted on 03/23/2009 4:39:33 PM PDT by ml/nj

I would like to buy several ($1000) bags of junk silver coins. I'm concerned about how to securely make the exchange of my paper money for these coins. Does anyone have any experience and/or advice.

ML/NJ


TOPICS: Business/Economy
KEYWORDS: coins; junk; preciousmetals; silver
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1 posted on 03/23/2009 4:39:33 PM PDT by ml/nj
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To: ml/nj

Bring a gun?


2 posted on 03/23/2009 4:40:17 PM PDT by vivalaoink
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To: ml/nj

Don’t be a SUCKER.


3 posted on 03/23/2009 4:40:49 PM PDT by Ann Archy (Abortion....the Human Sacrifice to the god of Convenience.)
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To: Ann Archy

What exactly are “junk silver coins” ?


4 posted on 03/23/2009 4:45:55 PM PDT by Eric in the Ozarks
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To: ml/nj

Here is a safe alternative. Fine silver casting grain.

http://www.riogrande.com/MemberArea/ProductPage.aspx?assetname=100802&page=GRID&free_text|1233078643330=metal_2%2f27%2f2009&first_answer=73

Send them a cashiers check or credit card number and they will ship it to you insured. If you don’t use it, they will buy it back.


5 posted on 03/23/2009 4:46:09 PM PDT by bert (K.E. N.P. +12 . John Galt hell !...... where is Francisco dÂ’Anconia)
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To: ml/nj

buy lead and brass instead


6 posted on 03/23/2009 4:46:36 PM PDT by al baby (Hi Mom)
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To: ml/nj

Ebay has certain controls Guarantees on Purchases .
You can buy All the Silver you want from Established sellers....you don’t have to deal with Newbees.


7 posted on 03/23/2009 4:46:40 PM PDT by 4Speed
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To: ml/nj

Buy low, sell high!


8 posted on 03/23/2009 4:46:57 PM PDT by Sawdring
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To: Eric in the Ozarks

I think coins where the surface has rubbed off so you can’t really even read the date on the coin, much less tell what type of coin it is.


9 posted on 03/23/2009 4:47:20 PM PDT by library user (Rod Blagojevich should have been TIME MAGAZINE'S "Person of the Year.")
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To: ml/nj

Recommend silver eagles or silver rounds instead.


10 posted on 03/23/2009 4:48:31 PM PDT by TFMcGuire (Life is tough. It is even tougher if you are stupid--John Wayne)
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To: Sawdring
The future is in these!


11 posted on 03/23/2009 4:49:17 PM PDT by library user (Rod Blagojevich should have been TIME MAGAZINE'S "Person of the Year.")
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To: library user

What are those?


12 posted on 03/23/2009 4:50:25 PM PDT by Sawdring
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To: ml/nj
Or invest in Federal Obama notes. /sarc


13 posted on 03/23/2009 4:50:41 PM PDT by library user (Rod Blagojevich should have been TIME MAGAZINE'S "Person of the Year.")
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To: Sawdring

They’re fake 0bama commemorative coins. Just quarters with stickers stuck on them.


14 posted on 03/23/2009 4:51:34 PM PDT by library user (Rod Blagojevich should have been TIME MAGAZINE'S "Person of the Year.")
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To: Eric in the Ozarks; library user

Here is an explanation:

Older United States silver coins (1964 and before) are now in demand because of their silver content. (Many were melted down years ago.) At one time these were referred to as - junk silver - because they had no special collector value at the time. Junk silver is still used today to refer to old silver coins. However, times have changed. Today “junk silver coins” are becoming harder to find.

From: http://lynncoins.com/jsilv.htm


15 posted on 03/23/2009 4:51:55 PM PDT by Abigail Adams
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To: ml/nj

Recommend silver eagles or silver rounds instead.


16 posted on 03/23/2009 4:52:28 PM PDT by TFMcGuire (Life is tough. It is even tougher if you are stupid--John Wayne)
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To: ml/nj

I’ve got a 1929 Silver Dollar that I would not sell for a million dollars.

Now a million rounds of 00 Buck,this baby’s yours.Maybe.


17 posted on 03/23/2009 4:54:32 PM PDT by silentreignofheroes (If I had any further to go,I'd be there.)
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To: ml/nj

Purchase from reputable dealer in state with no sales tax. NH is still good.


18 posted on 03/23/2009 4:54:55 PM PDT by proxy_user
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To: Eric in the Ozarks

NO IDEA! That’s why I said what I said.


19 posted on 03/23/2009 4:55:30 PM PDT by Ann Archy (Abortion....the Human Sacrifice to the god of Convenience.)
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To: TFMcGuire

The silver in the eagles costs more than the silver in junk. Junk silver has the advantage that it is recognized by everyone and is easily used as cash when fiat money becomes worthless or is decreasing toward that state rapidly.


20 posted on 03/23/2009 4:57:53 PM PDT by arthurus ( H.L. Mencken said, "Every election is a sort of advance auction sale of stolen goods.")
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