Apmex 90% Silver Coins - $10 Face Value $190.48. It takes $1.25 of 90% silver to make one ounce So $10 in silver coins weighs in at 7.15 ounces of pure silver.
It takes 14 dimes at 0.0715 oz each to make one ounce of silver.
So, $1.40 face value of 90% silver = one ounce.
The FED reserve & The Presidents Working Group on Financial Markets (the Plunge Protection Team), have brought us into The Greatest Depression ever.
Taxing Joe Sixpack & Jane Soccermom, by printing $Trillions of dollars of increasingly worthless Federal Reserve Notes is just not working anymore.
It has gotten to the point where people are hording coins because at least they have some metal in them, which has got to be worth more than paper dollars.
The ponzi scheme has collapsed & the Shit has Hit The Fan.
Thank President Donnell Trump, Larry Kudlow & lil' Stevie Mnuchin the money printer.
Yes, the $Trillions lately conjured will undoubtedly accelerate the devaluation of FRNs; it has to.
But I'd bet there's not 1 person in 1000 who is hoarding US coins because of that. There are better things than coins to hoard when facing imminent hyperinflation.
But I'd bet there's not 1 person in 1000 who is hoarding US coins because of that. There are better things than coins to hoard when facing imminent hyperinflation.
My Dad was living in Senior building. He had a small satchel with rolls of 90% silver coins, quarters, dimes and halves.
He was getting coin magazines in the mail. You know that in those types of buildings they put the magazines on a shelf near the mail boxes.
He would not lock his apartment door. Some guy that worked there got in his apartment, found the coins and stole them.