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To: blam

I watched an auction of silver dollars last week. It really didn’t matter what the dollar was, Peace, Walking Liberty 1880 or 1927, they all brought $18.00 each. $18.00 an oz.
Dimes would weigh out the same. The actual coin has no more value than the silver content, unless it has a rare misstrike, or some other unique characteristic.

The thing about gold or silver, there are no guarantees it will be worth market value if you have to sell. And if dollars are worthless, what other unit of value will give you a fair exchange rate?


9 posted on 12/06/2009 7:29:54 PM PST by o_zarkman44
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To: o_zarkman44; blam
A U.S. silver dollar has about .77 troy ounce of silver.

US silver coinage is 90% silver. When newly minted, there were 723 ounces of silver per $1000 dollar face. Worn coins now are usually figured at 715 ounces per $1000 face value for bullion value. 90% junk should cost you spot or so.

Nam Vet

Hope all is well with ya Mr Blamster.

30 posted on 12/06/2009 8:23:33 PM PST by Nam Vet ("Goodnight Mrs. Calabash, Wherever you are ! ")
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