And what country can preserve its liberties if their rulers are not warned from time to time that their people preserve the spirit of resistance? Let them take arms. The remedy is to set them right as to facts, pardon and pacify them. What signify a few lives lost in a century or two? The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.
My parents were farmers who married in 1936. During the 30's there was two prices. One for coinage and the other for paper. I'll let you figure out which one was cheaper.
Apmex has a bag of cull-grade, walking liberty halves (halfs?), FV $100, for $4234. Contains 71.5 g Ag. Efficient way to get bulk silver, no assay req, as they’re all 90%.
Federal Reserve Notes are fiat currency. There is no definition for a FRN as to its value measured in any commodity. It will go to zero eventually. As it is a 'note' it is actually not money but is a debt instrument that we are holding. indyjones
YUP! Until no one will accept it...
ReplyDeleteIt is silver, it will always be money.
DeleteMiles has it right.
DeleteWhen's the last time you bought something with silver or gold? Without stopping off at the coin shop/pawn shop to get cash first?
DeleteThere is no federal law that says private business has to accept cash.
DeleteMy parents were farmers who married in 1936.
DeleteDuring the 30's there was two prices.
One for coinage and the other for paper.
I'll let you figure out which one was cheaper.
What is old will be new again
Already is; cash prices versus credit-card prices.
DeleteLooks like a $500 bag of pre '65 halves ... worth about $21,000.
ReplyDeleteMaybe good guess. There is an app Coin Snap….photo your coin and it then retrieves the actual value and maybe some historical data.
DeleteApmex has a bag of cull-grade, walking liberty halves (halfs?), FV $100, for $4234. Contains 71.5 g Ag.
DeleteEfficient way to get bulk silver, no assay req, as they’re all 90%.
I watched a video of someone tossing silver coins into a furnace and making silver bars.
ReplyDeleteBars will only be purchased by someone with an assayers kit, like me, at a steep discount.
DeleteI stock US mint silver coins for future barter.
Don't look now, but your Federal Reserve Notes say, "THIS NOTE IS LEGAL TENDER FOR ALL DEBTS, PUBLIC AND PRIVATE". All caps theirs, not mine.
ReplyDeleteFiat money. It's value decreases as CONgress spends more and prints more.
DeleteJust wait until it gets revealed that Obama gave a few other countries American federal printing presses…plus plates…
DeleteCurrently $21.25ea as scrap value. Spend $40+ each to get them graded, and maybe make $30ea if you can find a buyer.
ReplyDeleteIt's NOT a buyer, most who invest in & keep U.S. Silver coinage plan to use it for barter/purchase power when the paper Dollar eventually fails.
ReplyDeleteFederal Reserve Notes are fiat currency. There is no definition for a FRN as to its value measured in any commodity. It will go to zero eventually. As it is a 'note' it is actually not money but is a debt instrument that we are holding. indyjones
ReplyDelete