Silver coins?

[jimmygu3]

Re: Silver coins?

Originally Posted by thriftyandboringinohio
There is a subtle difference in color and reflectivity for the old silver coins that anyone can recognize with just a few minutes practice.


... and sound. Real money has a unique sound

Good to know about the color and sound- I am young enough to have never used real silver coins.

My point stands, that it would be a hassle to inspect each coin, even if the lot generally looked and sounded like the real thing. It would be easy to sneak in a few post-1965 quarters or dimes, which would be both ubiquitous and relatively worthless.

Imagine what would happen today if Monopoly games came with $1 and $5 bills that looked virtually identical to real ones, other than a slight variation in the color and quality of the paper. People would be trying to pass those things all the time! If someone paid you with a stack of fives and ones, you would roll your eyes and assume the guy was trying to sneak some Monopoly money into the pile.

There has never been a time when it was best to pay for moderately large purchases with a shitload of dimes, and I don't think there ever will be.

Jimmy

[Gnosis]

Re: Silver coins?

Thanks to everyone for the head start on my "hoarding PM's".

[grapejelly]

Re: Silver coins?

people have been looking at silver coins forever and making sure they are real. I can't see the problem here.

[thriftyandboringinohio]

Re: Silver coins?

Good to know about the color and sound- I am young enough to have never used real silver coins.

My point stands, that it would be a hassle to inspect each coin, even if the lot generally looked and sounded like the real thing. It would be easy to sneak in a few post-1965 quarters or dimes, which would be both ubiquitous and relatively worthless.

Imagine what would happen today if Monopoly games came with $1 and $5 bills that looked virtually identical to real ones, other than a slight variation in the color and quality of the paper. People would be trying to pass those things all the time! If someone paid you with a stack of fives and ones, you would roll your eyes and assume the guy was trying to sneak some Monopoly money into the pile.

There has never been a time when it was best to pay for moderately large purchases with a shitload of dimes, and I don't think there ever will be.

Jimmy

Point granted. Given the premise of TEOTWAWKI and the official local currency is not accepted, what would you prefer to use?

[jimmygu3]

Re: Silver coins?

Point granted. Given the premise of TEOTWAWKI and the official local currency is not accepted, what would you prefer to use?

For most everyday stuff, silver eagles or equivalent, with junk silver used to make change. For large purchases, gold, with silver used to make change. Of course, barter makes a lot of sense too.

Jimmy

[thriftyandboringinohio]

Re: Silver coins?

For most everyday stuff, silver eagles or equivalent, with junk silver used to make change. For large purchases, gold, with silver used to make change. Of course, barter makes a lot of sense too.

Jimmy

Understood, but respectfully disagree. If TSHTF, I predict a silver dime will soar in value. It won't take ten of them to buy a doughnut.

[jimmygu3]

Re: Silver coins?

Understood, but respectfully disagree. If TSHTF, I predict a silver dime will soar in value. It won't take ten of them to buy a doughnut.

It doesn't now. A real silver dime retails for around 2 bucks. It's the counterfeit dimes that are 10 for a doughnut.

As for soaring in value, you're still thinking in fiat. Generally speaking, a silver dime has always bought a loaf of bread, and will likely continue to do so even if a loaf of bread costs $1,000 fiat. JMHO

Jimmy

[thriftyandboringinohio]

Re: Silver coins?

It doesn't now. A real silver dime retails for around 2 bucks. It's the counterfeit dimes that are 10 for a doughnut.

As for soaring in value, you're still thinking in fiat. Generally speaking, a silver dime has always bought a loaf of bread, and will likely continue to do so even if a loaf of bread costs $1,000 fiat. JMHO

Jimmy

Touche` back at ya.

[jtabeb]

Re: Silver coins?

people have been looking at silver coins forever and making sure they are real. I can't see the problem here.

Just "Bite" them and then you will know if they are real.

(Oh Shit, I just broke a ******* tooth, Damn IT!).

Oh...

That's for Gold?

Wooops! Sorry!

[jtabeb]

Re: Silver coins?

Touche` back at ya.

3000 Bread Loaf party at my house for TEOTWAWKI!: (All Itulipers invited).

(We'd better have our convention pretty damn soon, don't you all think?):eek::eek:

[Fiat Currency]

Re: Silver coins?

Just "Bite" them and then you will know if they are real.

(Oh Shit, I just broke a ******* tooth, Damn IT!).

Oh...

That's for Gold?

Wooops! Sorry!

Applies to Argentium Sterling Silver too ;)

[Master Shake]

Re: Silver coins?

Just "Bite" them and then you will know if they are real.

(Oh Shit, I just broke a ******* tooth, Damn IT!).

Oh...

That's for Gold?

Wooops! Sorry!

Actually, you don't need to bite them or look at the date. Just turn them on edge and see if there's any copper color.