What if the currency we know fails?

Something a lot of us don't think of, or even like to think, of is the stability of our current form of  currency. They show lots of things on the "Prepper" shows on TV, and some people don't know enough to decipher what is real and what is only for TV. The possibility of our current form of currency failing is a real possibility. Silver and Gold have held their values for years, and Gold only seems to be getting stronger. Today we are going to cover Gold and Silver, and where to get it, sometimes free. Most real Prepper's won't let  some little pieces of valuable info out for the world because they don't want the easy supplies to start drying up. Silver can be found in older dimes and quarters.

coinsite.com

                                                 U.S. Silver Coins:

When They Ended and What They're Worth
In the early 1960's, the silver supply for the nation's coinage was dwindling rapidly. As Congress and the Administration debated over silver's future role in coinage, the silver market jumped 10% immediately, and another 30% by 1962. This set the stage for the complete elimination of silver from our coinage by the end of 1964.


Any United States dime, quarter, half dollar or dollar that is dated 1964 or earlier is made of 90% silver. In the dime series, all coins dated 1965 or later are clad coins and contain no silver at all. Quarters dated 1965 or later are all copper-nickel clad coins except for the dual-dated Bicentennial Quarters that were sold by the Mint in special Mint Sets and Proof Sets. These quarters contain 40% fine silver and have an "S" mint mark. They are different from the Bicentennial quarters you can find in circulation and were sold by the Mint at a premium to collectors.


In the Kennedy Half Dollar series, the 1964 of course is 90% silver. Halves dated 1965 through 1970 contain 40% silver. Halves dated 1971 or later are copper-nickel clad coins with the exception again of the special Bicentennial halves sold in the Mint Sets and Proof Sets with the "S" mint mark, which are 40% silver. Among Eisenhower dollars, coins dated from 1971 through 1974 with the S mintmark are 40% silver. In addition, the special Bicentennial Sets contained 40% silver coins. All other Eisenhower dollars are copper-nickel clad coins.


The value of these coins is tied directly to the price of silver. At $35 per ounce, 90% silver coins are worth about twenty times their face value. A dime would be worth about $2, a quarter about $5, and a half dollar, about $10. At the same silver price of $35, 40% silver half dollars are worth approximately $4.00 each.


In fast moving markets, the prices for 90% and 40% silver coins can vary widely from the actual melt value of silver contained in the coins. Occasionally, even the retail price will be less than the melt value. In 1980, as silver approached $50 per ounce for the first time, and the public rushed to sell, $1000 face value bags of silver coins had a melt value well over $35,000, but were selling between dealers at about $30-32,000 a bag - reportedly due to a backlog at smelters. Conversely, as the Y2K scare heated up in 1998-99, the premiums on bags reached nearly 50%, even though silver's price remained essentially flat throughout 1999. More recently, as silver had its second run at the $50 per ounce mark, the premium on silver coin bags quickly rose once again, only falling to historical norms as silver's price retreated.


Obviously the older pre-1965 coins are getting harder and harder to find, but they still can be found. I have received a few myself in the most unlikely places for face value! They may be hard to find but they can be found with a small bit of attention. Every time you get change at the store or restaurant look check the years produced on all of your coins, you may have one or two and not even know it! You can also tell the distinctly different "clank" the silver coins have. That Quarter you just got for 25 cents may actual be worth $5.00! Keeping these older coins is a good start because of their silver content, not how "pretty" they may be. if the current currency we have fails and Silver/Gold holds value, it may be the only accepted currency. If not keep in mind that saving it won't be a waste even if the dollar doesn't fail. Silver and gold are going up in value and just think, those 90% silver coins were worth 25 cents in 1964, in 2012 they are now worth about $5.50.... What will they be worth in 2060? Most pawn shops have a small stockpile of silver coins, and not many people come in looking for them so their investment just sits, and as the value of silver goes up they are only making interest on them. Go see what they have and obtain what you can. Wouldn't you rather the coins be gaining value in your home than a shop? If you can't find any in pawn or thrift shops. there are websites to find raw silver and gold for current values and are only a productive investment.

 Places like:

https://store.nwtmint.com/Bullion_Gold_Silver_Platinum_Palladium/

http://www.apmex.com/

And many more just by a small Google search!

Until next time,

Be Safe and Happy Prepping!