You invest in “junk silver” as a prepper for when people won’t take silver.
If you need to buy $50 worth of absolute necessities, it’s going to take a lot of dimes. Or only 100 1964 Kennedy half dollars.
That’s the point I was trying to make.
My purchase of junk US silver coins is betting that they will hold their value against other goods. See the article in post #17 about hyperinflation.
I am a Boy Scout.
“If you need to buy $50 worth of absolute necessities, its going to take a lot of dimes.”
That depends on the value of silver. A silver dime weighs 2.3 grams; there are 28 grams per ounce; so about 12 dimes equal one ounce. If silver is about $20 per ounce, then 12 silver dimes = $20 (or, what used to be valued as merely $1.20 is now valued at $20).
$50 worth of necessities would therefore require 30 silver dimes. That’s 20 fewer dimes than are needed to fit into one of those paper dime rolls.
I’d say that’s not many silver dimes to buy a bag or two of necessities.
If the seller has been asleep the past 10 years and doesn’t realize that paper money is worthless and refuses to accept a silver dime as worth anything but ten cents, then by all means pay him in paper.