Silver Values

The Declining Value of Your Dollar

I think that one thing illustrates the declining value of money very well. Simply look back at a point of time, and consider the amount of money took to purchase ordinary things that we still use every day. Then take a look at the amount of silver in $1 of US silver coins that actually circulated in currency. We have mentioned before that $1 of US silver coins contains .715 of an ounce of silver. So, for use as a standard, we shall call that a “standard” dollar, even though a quick look at the US silver coins calculator shows that today, that .715 ounces is worth about $12.23 of the coins or paper money you probably have in your pocket.

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We can find several sources of real jewelry at discounted prices online. Jewelry stores mark up items at an incredible rate. This becomes obvious if you ever try to resell old jewelry. At online markets you can find new jewelry without the high overheads you might find at a local high end retailer. So if you appreciate fine jewelry, but don’t want to pay more just for bragging rights, an online jewelry discounter is a place to start shopping.

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OK, so I’m a day behind. Silver-Prices.net just updated their silver stock portfolio. That post was yesterday on April 8, 2008. Even though they are, in general, bullish on silver, their opinion is that we could have a pullback on the bullion price, even down to $15 and ounce.

Now I can find lots of opinions out in cyberspace to the contrary, who believe that the time to buy is now. Personally, I cannot see how our weak dollar and increasingly challenged economy suggest anything but gradual increases in the silver price. Especially when people are having trouble finding bullion at coin dealers in many parts of the country!

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Ted Butler says that silver investement must be a long term commitment in this archive of his lastest silver article.

Silver Shortage?

Because of the many industrial uses of silver, and its value as a precious metal, he does believe the long term prospects for gain on a silver investment are still better then other PMs, including gold. And I agree that while most of the gold that has ever been minded is still around somewhere, silver gets used up in some applications. And lately, many investors were having trouble with shortages at local dealers, and even large online dealers, for common silver bullion products. In other words, he believes that silver is in short supply, even if that is not public knowledge.

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Do You Have Gold Jewelry But Need Cash?

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Well, the beginning of the Year brought a mad rally in the PM market, just like in many other commodities. Now we are experiencing a pullback which can be pretty agonizing, but silver and gold are finding support well above anything we dreamed of a year ago.

I am reading some PM newbies who bought silver at $20 or gold at $1k who are really worried about their investment. Of course, most of us have been playing this game a long time, and we have added to stacks when silver was $6 and gold was $600, so we can average the price over that long term move, and losing a little here and there is no reason to panic when looking at long term gains.

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The Uses Of Silver

Many people who buy silver as traders or investers spend a lot of time thinking about the price of an ounce of silver. They only think about demand as it relates to that price of silver. They do not spend a lot of time thinking about why silver is in demand though.

Silver Jewelry

Of course, almost everybody realizes that silver is a precious metal that is used in jewelry. Silver jewelry is usually less expensive then gold jewelry because silver costs much less then gold. But silver jewelry still has status, and is not considered constume jewelry. And of course, silverware, is made from silver.

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Avoid Buying Fake Coins on EBay

First let me tell you that I buy on EBay all the time! I think it is one of the most convenient ways to look for good deals on silver and gold. I have purchased gold and silver coins, rounds, and bars. However, along with an increased bullion price, the incidents of fake bullion coins that are being reported has increased. What has also come out, is that some of the fake bullion was made so cleverly that the seller is not even aware that they are seling a fake.

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Can You Still Find US Silver Coins In Circulation?

It seems like the subject of searching bank rolls for silver coins comes up in every coin or silver related forum I frequent these days. While some people claim that, after so many years, the search is fruitless, others claim to make a nice haul. The deal is, people go to their local bank (or banks) and ask for rolls of half dollars. I’m not sure why half dollar rolls are more fruitful then rolls of dimes or quarters, but maybe it is because half dollars were minted from silver for a longer time. While most coins were no longer made out of silver after 1964, half dollars were minted from 40% silver from 1965 - 1970.

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Is Nickel Ever Silver?

It may seem odd to think of a common nickel as being made out of silver. Most of us think that the face value of a 5 cent nickel would be too low to ever be made from a precious metal. Besides, the common name of a 5 cent piece implies the base metal that is is minted from.

However during WWII, the war effort needed the base metal more then they needed the precious one! So WWII nickels are made from .35 silver, as well as 56% copper, and 9% manganese! An easy way to identify them is to notice the large mint mark over the dome on the reverse.

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