Tuesday, June 24, 2008
Pre-1964 silver coinage AKA junk silver
This should make the silver bugs happy out there. I have added the Kitco silver price widget to this blog for your enjoyment, education and amusement.
On a related note, you will also be happy to hear that I obtained a few silver coins recently. Yes, the are pre-1964 silver coins. Namely, dimes and quarters. Just a few mind you.
No, this is not a good investment. For the armchair Warren Buffets out there, the rule is "buy low, sell high". Silver and pre-1964 silver coins are at an all-time high, (well since the 1980 Hunt Brothers fiasco). Thus, if you are buying now, you are buying at the high point. Better to have invested in 1999 when silver was trading for fifty cents a pound of something like that (kidding, I don't know what the price was then, just exaggerating).
I located my pre-1964 silver coin finds not through a coin shop but through the tried and true "pocket change search". It might work for you too. I think it is more fun as well.
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