Localfund.com - All about Fund and Investment
*Home>>>Value Investment

Purchasing coins mostly made of silver?


Well if I was able to purchase them based on face value, for example if old nickels were made of mostly silver... would I then be able to sell them based on their weight in silver? Would this be a good investment?

First of all, old nickels are NOT made mostly of silver. During WWII, they were 40% silver.

But if you could buy old U.S. silver coins at face value, (i.e. a silver dollar for a dollar) that would be less than the current value based on their silver content. But good luck finding a sucker willing to make that sale.

Why would you want to? Why wouldn't you sell them as coins to a dealer for their collector value?

Of course it would be a good investment. However, dimes through halves with silver disappeared from circulation in the 60-70's, and the last "war nickel" I have received in change cam about 25 years ago. The one exception I would make would be bags of half dollars that you can get from banks. I frequently find 1965-1969 half dollars in them, and they are 40% silver. Most people do not know they are silver since they have the clad looking edge. I would try that if you want to do this.

Tags
  Venture Capitalist   Venture Capital   VC Fund   Vanguard Fund   Value Investment   Trust Investment   Stock Investment   startup Investments
Related information
  • Husband and I are 53- 1 child of 14- can you advise about interest only refi on home?

    Great Product you are getting into the 30 year fix I/O (interest Only) is perfect product for people today. Wanna beat the bank? Than pay the mortgage payment every two weeks? You will finish o...

  • Investing my Canadian currency for American?

    No, you would be subject to a 15% withholding on your interest earnings but I believe you would be able to hide any currency gain if you were lucky enough to get them. I agree it is very contrar...

  • Good to buy a house in Woodland, CA?

    You should be fine, especially if you plan on owning more than 3 years. It also looks like the home prices increased 24% since last year and the employment growth is also positive: ...

  • LSE:IUKD - What are its main investments, its yld, its p/e?

    This ETF follows the FTSE UK Dividend+ Index. This index selects the top 50 stocks by one-year forecast dividend yield, drawn from the FTSE 350 index, excluding investment trusts. The weighting of ...

  •  

    Categories--Copyright/IP Policy--Contact Webmaster