Are there no FReepers old enough to remember when silver coins were really silver?
1964? Was it that long ago?
“Are there no FReepers old enough to remember when silver coins were really silver? 1964? Was it that long ago?”
I remember. The government said that there was no reason to hoard the old siver coins because they would stay in circulation and be replaced by the steel coins very slowly. They said that if you hoarded the silver coins you would not make a profit. What a crock that turned out to be. Thank you LBJ.
Here’s my sad coin tale - several years ago, we bought about $1,500.00 worth of silver coins. Husband liked to sit in bed and look them up individually to see what they were worth. Well . . . he kept them in a little plastic bag and would set the bag on the bedside table every night when he got through with them.
Long story short; the bag “somehow” got accidentally shoved into the trash can under the table and subsequently hauled off to the garbage dump. (He kept an awful lot of junk and clutter on that table.)
That bag of coins now would be worth about $12,000.00 or more. Spilt milk, but a lot of it.
Lots of us are old enough to remember real money.
The wife and I cleaned out an old house today, and I picked up about $100 worth of old coins throughout the place. Took 'em home for the kiddies to sort out, and they found quite a few pure silver U.S. coins.
And as they say, the lesson commenced...