Just ordered some junk silver
I don't know what else to title this. I had a bit of money left from my last paycheck, so the other day I decided to buy one pre 1964 washington silver quarter. These coins are 90% silver. It was only like $7 for the quarter and I bought it off ebay and it was a random date pre 1964.
I don't know where the price of silver is going to go, but I wonder if it was a good buy. $7 for a 90% silver quarter. Some predict the price is going to go up...I don't know how true it is...but I got a coin for less than $10. It is junk silver so obviously it is going to be less than pure silver.
I'm just hoping that junk silver becomes more rare in the near future and the prices of it will go up since it is becoming more rare. I believe that junk silver coins often have a lot of history to them since they are much older. If you get lucky you could run into a rare junk silver coin that is worth much more than a few dollars but you have to know what to look out for. Some could be much more rare than others.
As of now I don't know what year im going to get for the coin because it hasn't arrived in the mail yet, but I hope I luck out and get one that is rare or worth much more than what I paid for it. It could also just be a regular pre 1964 Washington quarter as well, worth more or less than what I paid for it on ebay.
I already have a few merc dimes in my collection I paid less per piece when it comes to the price of the merc dimes compared to the quarter. I have about 7 merc dimes in my collection besides the quarter I am going to get so I have a relatively small pile of junk silver, compared to the pure silver I stack.
I just want to know if collecting junk silver is the move because I feel that at the end of the day pure silver will always be worth more and will be better for investing in. I just recently got back into stacking and my first purchase was the 7 merc dimes.
Hopefully one day the prices of junk silver will be higher. I would like to see these coins be worth more in the future. They are cool to have because they have a lot of history behind them because of their age. Maybe down the line they will be worth much more in value. We shall see. For now im collecting anything silver.
As per my version of the Coming U.S. Monetary Correction, you will be able to Exchange your 90% U.S. Silver Quarter Dollar Coin for a Corrected Quarter Ounce, $2.5 U.S. Silver Coin, that will have the "Spending Power" of 250 of Today's Fiat USD's... Now you cant write that you don't know...lol...
I hope that is the case. I would really like for my investments to pay off. I will be buying more in the mean time while its cheap and holding it for the long term.
It won't be necessary to hold it for the long term... If I'm right about everything I write, it will happen in the "Very Near Future"...