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To: SteveH

Technically, if you are buying strictly based on silver content keep in mind while all the pre-65 coinage is 90%, a silver dollar contains a bit more silver than ten dimes, four quarters, or two halves. An example of government seignorage in action.

$100 in face value for the subsidiary coinage is 71.5 ounces troy. $100 in silver dollars is 77 troy ounces or so. Of course either value in modern money terms is strictly the “melt” value of the coins apart from any special collector value.

Silver is very heavy and bulky compared with gold. If things get real bad, you might see gold trade at a premium or, silver at a discount. Why? Because wealthy people trying to get out of dodge don’t want silver.


10 posted on 03/28/2017 12:26:34 PM PDT by Freedom4US
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To: Freedom4US

Do you think that that is significant in TSHTF scenarios?

Also I belatedly noticed the “XFACE” in my “receipt.” I think I may have been charged a rate based on face value. However, face value is not directly related to bullion content due to wear. Typically, wear reduces bullion content, so if i got charged “XFACE” then it was not a bullion rate. Argh. Is that something I should be upset about? If it did happen then should I change strategy and go after Silver Eagles instead of junk silver? Or maybe I would have better success asking for a lower selling rate for junk silver? I wonder if there is a typical wear factor for junk silver.


13 posted on 03/28/2017 12:44:12 PM PDT by SteveH
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