This might get your attention. Scrounge around in your attic, basement, and closets in search of some old quarters. If you find any, congratulations. You can drive across town and sell them for more than eighteen dollars apiece (dimes over seven dollars).
Or, for an even more dramatic example, a one thousand dollar face of dimes, quarters, and half-dollars dated prior to 1965 (when coins last contained real silver) are now worth $75,000. That is the melt value of those coins, deemed “junk silver,” representing 715 ounces of silver (click here for current value Pre-1965 $1,000 Face Value).
Tell that to someone who crows about their big real estate score on that property they bought in the Sixties for $50,000. Had they simply put the same amount in rolls of silver coins at the time they would now be looking at $3.75 million, a 75x return for simply taking a sixty-year nap.
Of course, the inverse is also true i.e. that thousand dollars in paper money today would purchase fewer than ten ounces of that same silver (trading now around $107/oz), representing a greater than 98.5% decline. What happened to those now-missing 705 missing ounces from the original 715? ..
Read More