“I would hold ten Morgan silver dollars in my hand and say, back in 1922 these were worth $10. In 1972 they were worth $10. They are now worth $400. What changed?”
Under Lyndon Johnson silver coinage ceased being minted in 1965 and copper-nickel alloy was substituted. Any silver U.S. coin is worth more than face value and its cupronickel equivalent is worth face value only, even the Ike cartwheels.
FWIW I have a few dozen `Peace’ cartwheels in the safe in case of SHTF. Worth around $20.00 each, they are far more negotiable than gold, IMO.
Worth around $20.00 each, they are far more negotiable than gold, IMO.
I don’t trust gold.