The deals are still out there

[Cu Penny Hoarder]

Times have gotten so hard lately that some people have no choice but to liquidate their valubles. If you have lots of dry powder and are in the right place at the right time, you can do very well.

Yesterday I bought a bag of close to 1000 (unsearched) silver washington quarters for 15x face value. The man who sold them to me is 85 years old and has been keeping these coins in a huge jar since he was a kid. I'm looking through them right now and found several rare ones including a 1932D in F, a 1934 dbl die in VF and a 1936D in EF condition.

I'm kinda happy today

[madman326]

nice find!!!!! im jealous. how did you come across this guy? did he find you?

[Cu Penny Hoarder]

nice find!!!!! im jealous. how did you come across this guy? did he find you?

The man is an old friend of my Uncle. He told my uncle he had some some silver coins he wanted to sell. My uncle put him in touch with me. I drove to his house, looked at the stash for 2-3 minutes, made him a cash offer and his eyes lit up... the rest is history.

[neilgin1]

Times have gotten so hard lately that some people have no choice but to liquidate their valubles. If you have lots of dry powder and are in the right place at the right time, you can do very well.

Yesterday I bought a bag of close to 1000 (unsearched) silver washington quarters for 15x face value. The man who sold them to me is 85 years old and has been keeping these coins in a huge jar since he was a kid. I'm looking through them right now and found several rare ones including a 1932D in F, a 1934 dbl die in VF and a 1936D in EF condition.

I'm kinda happy today

dry powder indeed.....wow! .....just thinking about that boggles the mind, its almost like you were panning a creek, lemme do the math, i'm gonna round $10FV to 7 toz, okay?...just for wear......$3750 for 175 toz, equals $21.42 a toz!....and thats just melt, not even taking into account the potential nuisimatic gems you're looking at this second....minge!!

i would never tell a fellow what to do, but unless it's some crazy $200 plus a coin rarity, sit on 'em....i'm vicariously happy for you!

make some lemonade, poured over ice, howl at the moon, life today was good!

[dannan14]

Yesterday I bought a bag of close to 1000 (unsearched) silver washington quarters for 15x face value.

I'm kinda happy today

i would never tell a fellow what to do, but unless it's some crazy $200 plus a coin rarity, sit on 'em....i'm vicariously happy for you!

make some lemonade, poured over ice, howl at the moon, life today was good!

@Cu PH Great score!

@neilgin Thanks for your use of vicariously. i've only ever heard it used in the usual saying. i had to look it up to grok how you meant it. i really dig that word now and i never would have known it.

[neilgin1]

@neilgin Thanks for your use of vicariously. i've only ever heard it used in the usual saying. i had to look it up to grok how you meant it. i really dig that word now and i never would have known it.

you're welcome, its a fun word to use, especially when all you hear in any given day is a stream of bad news, somebody has a good story to share....and IT IS a good story! so vicariously we put ourselves in the Cu'ster's shoes, sitting in front of you, one thousand potential nusimatic gems! he must have his laptop, on the floor, grilled to the PCGS Washington Quarter page......trying to make solid date rolls, putting aside this coin, or that coin....and the elderly gentleman?, three thousand, seven hundred and fifty samolian's in his mitts! That Ole boy must be thinking, what plane do i want to get on, and to where?........its just a good story, all the way round.

Another day in America, and we're still here!

[Treetop]

@Cu PH Great score!

@neilgin Thanks for your use of vicariously. i've only ever heard it used in the usual saying. i had to look it up to grok how you meant it. i really dig that word now and i never would have known it.

i wonder how many had to look up the word grok...

[Cu Penny Hoarder]

Update...

The old man called me back today and said he found more 90% silver rolls in his attic. There were 10 rolls of Wash quarters and 5 rolls of Merc dimes. This time I paid him $100 for each quarter roll and $50 for each dime roll. That was the same price when silver was $14/oz! Most people are very addicted to these pretty green rectangles with the number 100 on them... I hate them.

I played the lottery tonight... I feel really lucky this week

[dannan14]

@Cu PH Great score!

@neilgin Thanks for your use of vicariously. i've only ever heard it used in the usual saying. i had to look it up to grok how you meant it. i really dig that word now and i never would have known it.

i wonder how many had to look up the word grok...

Thanks! It is one of my favorites. i've read most of Heinlein's work, but the uncut version of Stranger was got me started. Grok was very powerful to me from the first time i encountered it. i guess i could say i grokked it instantly hehe.

[Engineer]

Excellent score...and second score!

Be careful with the Heinlein talk in here boys. This site seems to be one of those places where you're expected to rub blue mud in your navel.

[dannan14]

Excellent score...and second score!

Be careful with the Heinlein talk in here boys. This site seems to be one of those places where you're expected to rub blue mud in your navel.

Yeah, but i've always been irreverent To be honest though, i think the recent thread that caused a little stir shows that this community is a very diverse group. A diverse group tied together by a desire to secure our futures against the likelihood of very turbulent times ahead. i have a feeling that we're all adult enough to be able to keep our differences from overshadowing our similarities.

[Engineer]

Yeah, but i've always been irreverent To be honest though, i think the recent thread that caused a little stir shows that this community is a very diverse group. A diverse group tied together by a desire to secure our futures against the likelihood of very turbulent times ahead. i have a feeling that we're all adult enough to be able to keep our differences from overshadowing our similarities.

Well put!

This site (although it isn't immune) is one of the few refuges left from the relative sickness our culture has embraced. I can't describe it well enough on my own, so I'll put it in the words of the grand master of science fiction.

Dr. Baldwin: What are the marks of a sick culture?

Friday: It is a bad sign when the people of a country stop identifying themselves with the country and start identifying with a group. A racial group. Or a religion. Or a language. Anything, as long as it isn't the whole population.

Dr. Baldwin: A very bad sign. Particularism. It was once considered a Spanish vice but any country can fall sick with it. Dominance of males over females seems to be one of the symptoms.

Friday: Before a revolution can take place, the population must lose faith in both the police and the courts.

High taxation is important and so is inflation of the currency and the ratio of the productive to those on the public payroll. But that's old hat; everybody knows that a country is on the skids when its income and outgo get out of balance and stay that way - even though there are always endless attempts to wish it way by legislation. But I started looking for little signs and what some call silly-season symptoms.

I want to mention one of the obvious symptoms: Violence. Muggings. Sniping. Arson. Bombing. Terrorism of any sort. Riots of course - but I suspect that little incidents of violence, pecking way at people day after day, damage a culture even more than riots that flare up and then die down. Oh, conscription and slavery and arbitrary compulsion of all sorts and imprisonment without bail and without speedy trial - but those things are obvious; all the histories list them.

Dr. Baldwin: I think you have missed the most alarming symptom of all. This one I shall tell you. But go back and search for it. Examine it. Sick cultures show a complex of symptoms as you have named... But a dying culture invariably exhibits personal rudeness. Bad manners. Lack of consideration for others in minor matters. A loss of politeness, of gentle manners, is more significant than a riot.

This symptom is especially serious in that an individual displaying it never thinks of it as a sign of ill health but as proof of his/her strength. Look for it. Study it. It is too late to save this culture - this worldwide culture, not just the freak show here in California. Therefore we must now prepare the monasteries for the coming Dark Age. Electronic records are too fragile; we must again have books, of stable inks and resistant paper.
--- Friday and Dr. Baldwin in Friday

[68Camaro]

I read all of Heinlein as a kid. He was a very good storyteller, especially in his earlier years. But more than that? Philosopher? Really? Well, hmmm... To me he offered an odd mix of common sense, impractical utopian ideas, and some views that were just odd, if not distressing. I still have fun playing with my liberal anti-gun friends by suggesting to them the (Heinlein) view that if everyone would just be required to carry a gun there would be a lot less violence in the world. At any rate, that's why I like people to be able to express themeselves on this board without censorship. I now have a better idea of where you're coming from, regardless of whether or not we see fully eye to eye.

Of course we're a diverse group - there are no requirements for membership other than the interest in the primary and related secondary topics. Some reasonable tolerance, maturity, and manners are required.

[neilgin1]

Yeah, but i've always been irreverent To be honest though, i think the recent thread that caused a little stir shows that this community is a very diverse group. A diverse group tied together by a desire to secure our futures against the likelihood of very turbulent times ahead. i have a feeling that we're all adult enough to be able to keep our differences from overshadowing our similarities.

Well put!

This site (although it isn't immune) is one of the few refuges left from the relative sickness our culture has embraced. I can't describe it well enough on my own, so I'll put it in the words of the grand master of science fiction.

Dr. Baldwin: What are the marks of a sick culture?

Friday: It is a bad sign when the people of a country stop identifying themselves with the country and start identifying with a group. A racial group. Or a religion. Or a language. Anything, as long as it isn't the whole population.

Dr. Baldwin: A very bad sign. Particularism. It was once considered a Spanish vice but any country can fall sick with it. Dominance of males over females seems to be one of the symptoms.

Friday: Before a revolution can take place, the population must lose faith in both the police and the courts.

High taxation is important and so is inflation of the currency and the ratio of the productive to those on the public payroll. But that's old hat; everybody knows that a country is on the skids when its income and outgo get out of balance and stay that way - even though there are always endless attempts to wish it way by legislation. But I started looking for little signs and what some call silly-season symptoms.

I want to mention one of the obvious symptoms: Violence. Muggings. Sniping. Arson. Bombing. Terrorism of any sort. Riots of course - but I suspect that little incidents of violence, pecking way at people day after day, damage a culture even more than riots that flare up and then die down. Oh, conscription and slavery and arbitrary compulsion of all sorts and imprisonment without bail and without speedy trial - but those things are obvious; all the histories list them.

Dr. Baldwin: I think you have missed the most alarming symptom of all. This one I shall tell you. But go back and search for it. Examine it. Sick cultures show a complex of symptoms as you have named... But a dying culture invariably exhibits personal rudeness. Bad manners. Lack of consideration for others in minor matters. A loss of politeness, of gentle manners, is more significant than a riot.

This symptom is especially serious in that an individual displaying it never thinks of it as a sign of ill health but as proof of his/her strength. Look for it. Study it. It is too late to save this culture - this worldwide culture, not just the freak show here in California. Therefore we must now prepare the monasteries for the coming Dark Age. Electronic records are too fragile; we must again have books, of stable inks and resistant paper.
--- Friday and Dr. Baldwin in Friday

man! that is good stuff...."Friday"...did this author Heinlein write that?...spot on.

i been musing about Cu's trading experience's with this elderly gentleman......it tells us a LOT about how barter will work in the future.

think about it, for brevity, let me call the elderly chap "the old man" (not out of disrespect, brevity)

to the old man, who presumamably doesnt follow the comex board, read silver blogs, etc.....what was the value of his silver..TO HIM?

while the board was at 30-31, he jumped all over Cu's 21.42 an oz bid....then the old man calls him back, and says "i got more", and i'm assuming Cu probably (amd rightfully so) told him, "hey, my paper money is running low, i can only give you 10 times face" ($14 an ounce)

"SOLD!!"...so to the old man, silver's valuation is at $14 an ounce, 10 times face.

you could say, the old man "doesnt know", right?...but to him, getting a $100 FRN for a "dinky" roll of silver quarters, was just fine.

Think of it, thru his head, probably doesnt know about Ebay, doesnt know that many people in the market for 90% silver, the Cu'ster was the only bidder, who was THERE with greenbacks in his hand.

But if the Cu'ster saw a solid date of F to EF 1940's washington quarters NOW, on Ebay, a $150 bid would be swept away, and you'd trade them between $270 to $330, maybe more, but THAT MARKET is between the 1% who know silver, hence, there's market compettiton, right?

lets say, some "emergency" happens...bank holiday, grid down...whatever. Now 99% of the people 'know' greenback FRN's...like the old man, the paper money AT THAT TIME is of value...not silver.......yet. you cant get greenbacks out of the bank, so the people that 'know' only greenbackscompete for a dwindling supply......

thats when the value of stacks goes DOWN, and we see people get desperate for WHAT THEY KNOW, you barter greenback FRN's for 5-15 dollars a toz...until the gvt issues, say a "New Dollar"...(i'm just thinking aloud) that would be TEN old paper dollars...or maybe they take $100 benjys and superimpose another zero on them, before they re-issue them, so that the old 100 is a now a thousand "dollars".

do you think such a move would result in great confusion?....people who "know" a $100 bill, suddenly have their minds and world rocked...its like the ground isnt solid anymore, ........this was worth this today, not its not, so whats "it" worth?

that roll of silver quarters bought yesterday with an "old" $100 paper dollar is now worth $1000 "new" dollars.....

but what would the 'new' $100(0) BUY?

i sure would like to find a coherent account of what happpened ON THE GROUND, in lets say, Zimbabwe...or weimar Germany.

its interesting, (and to me, kind of mind bending) how you would trade paper vs. silver vs. tangible goods, in that situation.

[dannan14]

Yes, "Friday" is a Heinlein book. One of my favorites actually.

i had to read the rest of your post twice for it to really sink in. i have been operating on the assumption that PM would take over in that situation. However, i think you are correct that a significant number of people will want to stick with what they know rather than learn about something unfamiliar. That is a big part of how we let our problems get so bad in the first place. i guess the only thing we can be certain of regarding the future is that it is uncertain as to how it will play out.

[IdahoCopper]

i sure would like to find a coherent account of what happpened ON THE GROUND, in lets say, Zimbabwe...or weimar Germany.

Weimar accounts here:
http://weimar.facinghistory.org/content ... tion-years

[IdahoCopper]

Seems like having a large stash of goods to trade in a hyperinflation era is the way to go, so you can hang on to your PMs.

Preferably goods that people are addicted to like coffee, alcohol, tobacco. Imported goods would be better than domestic.

Green coffee beans seem like a good choice. They keep forever, and when freshly roasted, they make an irresistible cup of coffee. I have a counter-top coffee roaster; its one of my favorite things.
http://www.nesco.com/products/Kitchen-A ... 9f17df4aa/

I can buy green coffee beans in Boise for $6.00/lb.

[neilgin1]

i sure would like to find a coherent account of what happpened ON THE GROUND, in lets say, Zimbabwe...or weimar Germany.

Weimar accounts here:
http://weimar.facinghistory.org/content ... tion-years

Thank you VERY MUCH Idaho!

later add:
"Seems like having a large stash of goods to trade in a hyperinflation era is the way to go, so you can hang on to your PMs.

Preferably goods that people are addicted to like coffee, alcohol, tobacco. Imported goods would be better than domestic."

Idaho, i was JUST thinking about this not ten minutes, as i drove down to the general store to buy.........cigarettes! (yeh, i know....i'm a moron, well aware of that)

i dont drink booze, so maybe a case or two of cheap whiskey and vodka pints, and a case or two of bugler, or tops packs, i already got two cases of instant coffee jars....what do you think? good barter stuff has to have not so perishable quality to it. yeh?...and yeh, quit smoking, i know.

[IdahoCopper]

Yes Neil. The best stuff to stash for barter goods must have a long shelf life.

Here is an option for alcohol, it has the best ROI of any type of copper:
http://www.coppermoonshinestills.com/index.html

Here is a Google search that is a good idea to study:
http://www.google.com/search?hl=en&safe ... g5XdzIlcfs

Bricks of .22 ammo are probably a good bet. Canned tobacco will last a long time.

[Cu Penny Hoarder]

Yeah, but i've always been irreverent To be honest though, i think the recent thread that caused a little stir shows that this community is a very diverse group. A diverse group tied together by a desire to secure our futures against the likelihood of very turbulent times ahead. i have a feeling that we're all adult enough to be able to keep our differences from overshadowing our similarities.

Well put!

This site (although it isn't immune) is one of the few refuges left from the relative sickness our culture has embraced. I can't describe it well enough on my own, so I'll put it in the words of the grand master of science fiction.

Dr. Baldwin: What are the marks of a sick culture?

Friday: It is a bad sign when the people of a country stop identifying themselves with the country and start identifying with a group. A racial group. Or a religion. Or a language. Anything, as long as it isn't the whole population.

Dr. Baldwin: A very bad sign. Particularism. It was once considered a Spanish vice but any country can fall sick with it. Dominance of males over females seems to be one of the symptoms.

Friday: Before a revolution can take place, the population must lose faith in both the police and the courts.

High taxation is important and so is inflation of the currency and the ratio of the productive to those on the public payroll. But that's old hat; everybody knows that a country is on the skids when its income and outgo get out of balance and stay that way - even though there are always endless attempts to wish it way by legislation. But I started looking for little signs and what some call silly-season symptoms.

I want to mention one of the obvious symptoms: Violence. Muggings. Sniping. Arson. Bombing. Terrorism of any sort. Riots of course - but I suspect that little incidents of violence, pecking way at people day after day, damage a culture even more than riots that flare up and then die down. Oh, conscription and slavery and arbitrary compulsion of all sorts and imprisonment without bail and without speedy trial - but those things are obvious; all the histories list them.

Dr. Baldwin: I think you have missed the most alarming symptom of all. This one I shall tell you. But go back and search for it. Examine it. Sick cultures show a complex of symptoms as you have named... But a dying culture invariably exhibits personal rudeness. Bad manners. Lack of consideration for others in minor matters. A loss of politeness, of gentle manners, is more significant than a riot.

This symptom is especially serious in that an individual displaying it never thinks of it as a sign of ill health but as proof of his/her strength. Look for it. Study it. It is too late to save this culture - this worldwide culture, not just the freak show here in California. Therefore we must now prepare the monasteries for the coming Dark Age. Electronic records are too fragile; we must again have books, of stable inks and resistant paper.
--- Friday and Dr. Baldwin in Friday

man! that is good stuff...."Friday"...did this author Heinlein write that?...spot on.

i been musing about Cu's trading experience's with this elderly gentleman......it tells us a LOT about how barter will work in the future.

think about it, for brevity, let me call the elderly chap "the old man" (not out of disrespect, brevity)

to the old man, who presumamably doesnt follow the comex board, read silver blogs, etc.....what was the value of his silver..TO HIM?

while the board was at 30-31, he jumped all over Cu's 21.42 an oz bid....then the old man calls him back, and says "i got more", and i'm assuming Cu probably (amd rightfully so) told him, "hey, my paper money is running low, i can only give you 10 times face" ($14 an ounce)

"SOLD!!"...so to the old man, silver's valuation is at $14 an ounce, 10 times face.

you could say, the old man "doesnt know", right?...but to him, getting a $100 FRN for a "dinky" roll of silver quarters, was just fine.

Think of it, thru his head, probably doesnt know about Ebay, doesnt know that many people in the market for 90% silver, the Cu'ster was the only bidder, who was THERE with greenbacks in his hand.

But if the Cu'ster saw a solid date of F to EF 1940's washington quarters NOW, on Ebay, a $150 bid would be swept away, and you'd trade them between $270 to $330, maybe more, but THAT MARKET is between the 1% who know silver, hence, there's market compettiton, right?

lets say, some "emergency" happens...bank holiday, grid down...whatever. Now 99% of the people 'know' greenback FRN's...like the old man, the paper money AT THAT TIME is of value...not silver.......yet. you cant get greenbacks out of the bank, so the people that 'know' only greenbackscompete for a dwindling supply......

thats when the value of stacks goes DOWN, and we see people get desperate for WHAT THEY KNOW, you barter greenback FRN's for 5-15 dollars a toz...until the gvt issues, say a "New Dollar"...(i'm just thinking aloud) that would be TEN old paper dollars...or maybe they take $100 benjys and superimpose another zero on them, before they re-issue them, so that the old 100 is a now a thousand "dollars".

do you think such a move would result in great confusion?....people who "know" a $100 bill, suddenly have their minds and world rocked...its like the ground isnt solid anymore, ........this was worth this today, not its not, so whats "it" worth?

that roll of silver quarters bought yesterday with an "old" $100 paper dollar is now worth $1000 "new" dollars.....

but what would the 'new' $100(0) BUY?

i sure would like to find a coherent account of what happpened ON THE GROUND, in lets say, Zimbabwe...or weimar Germany.

its interesting, (and to me, kind of mind bending) how you would trade paper vs. silver vs. tangible goods, in that situation.

A very thought provoking post there Neil. I have pondered about many of the things you mentioned. Guess we won't really know what will happen, until it happens.

I guess I should consider all that cheap 90% coin a birthday present... today is my B day

[moparal7]

Happy bday CU

[neilgin1]

yeh boy, happy birthday CU!!

lol! http://www.youtube.com/watch?v=kygVnZjOUw4

[Cu Penny Hoarder]

Thanks guys!

[Cu Penny Hoarder]

Thanks guys!

FMJ was a great movie, but it's very disturbing on so many levels. I liked the "sniper" part the best.

[neilgin1]

Thanks guys!

FMJ was a great movie, but it's very disturbing on so many levels. I liked the "sniper" part the best.

http://www.youtube.com/watch?v=XHGfwv9f ... re=related