Thread: Post your star finds to date

Originally Posted by anzani racer

Nice finds! How long has it taken you to get all these? Did you happen to find those 1976 $2 *'s recently?

3 years ago the guy i worked for thought he would be a wise arse and pay me in $ 2's. four weeks in a row he paid me 400 of them a week. i had them coming out my ears. the russian guy at the gas station wouldn't take them. the 17 year checker at the store wanted to call the cops when i gave her 5 to pay my bill.so i kept them. i may have 1200 -1300 under the bed.they just came to mind today when i got the $100 from the bank.

Originally Posted by anzani racer

3 years ago the guy i worked for thought he would be a wise arse and pay me in $ 2's. four weeks in a row he paid me 400 of them a week. i had them coming out my ears. the russian guy at the gas station wouldn't take them. the 17 year checker at the store wanted to call the cops when i gave her 5 to pay my bill.so i kept them. i may have 1200 -1300 under the bed.they just came to mind today when i got the $100 from the bank.

Wow. Thats funny that they wanted to call the cops on you. I have heard of stories in smaller towns where the cops were called for someone trying to use $2's and in one occasion, the indiviudal was arrested by the town sheriff. The Secret Service was called and came and checked them out and they told the cops and the store clerks that the $2's were in fact genuine. Have you ever considered taking them to the bank? The bank would most deffinately accept them for deposit or cash exchange. That guy thought he was being smart to try and stick you with a bunch of $2's but in the end you gained some star notes out of it. Thats awesome.

Originally Posted by fish968

No kidding ,my friend just picked up a 2009 ASE for ten bucks! from a liquor store,the owner said some kid bought a soda with it.Now my friend is considering to sell it to me for 25 bucks, ill probably buy it.

Umm... 20%+ under spot? Your friend does realize the ASE is worth $31.75 or so in silver content, alone, right?

Originally Posted by NorthKorea

Umm... 20%+ under spot? Your friend does realize the ASE is worth $31.75 or so in silver content, alone, right?

Forgive me for jumping in with a stupid question, but what is an ASE?

American Silver Eagle. It is a silver dollar minted by the US Government with over 98% pure silver.

Originally Posted by Dr Kegg

American Silver Eagle. It is a silver dollar minted by the US Government with over 98% pure silver.

I do know what an American Silve Eagle is. I have several myself. I just wasn't quite sure what ASE stood for. Now I know, thanks for that. I guess I should have put 2 and 2 together haha.
This all actually brings up something interesting I was going to make a whole new thread for, but since its being brought up here, I'll just ask now. If an American Silver Eagle dollar is worth fae value one dollar, but it has roughly $30 worth of silver into it, why is the government making them $1 face? Why not make it $30 face? Some thing this country does just really doesn't make sense. Why would we make a coin that is worth $30 say its worth $1?

Originally Posted by tbudwiser

Why would we make a coin that is worth $30 say its worth $1?

It's not a circulated coin used in commerce. It's minted exclusively for collectors.

Originally Posted by SteveInTampa

It's not a circulated coin used in commerce. It's minted exclusively for collectors.

Steve, you forgot to state that it is minted for (bullion) investors, too.

Originally Posted by SteveInTampa

It's not a circulated coin used in commerce. It's minted exclusively for collectors.

It's still legal tender though, I thought?

Technically it could be considered legal tender since there is a denomonation on the coin. Why anyone would use it for a dollar is beyond me, but they could if they so wished. Same with the gold eagles and platinum eagles.

hate, hate being broke!

just found a 2001 atlanta $100 federal reserve star note, 320k run: cf 00216936* in pretty darn good shape. i'm gonna hold it in my teller drawer for as long as i can, but i don't get paid til friday...

Originally Posted by Dr Kegg

Technically it could be considered legal tender since there is a denomonation on the coin. Why anyone would use it for a dollar is beyond me, but they could if they so wished. Same with the gold eagles and platinum eagles.

This is my point. Since they are "legal tender", why doesn't the US bring them up to date on current silver pricing? Maybe, "back in the day", an ounce of silver would have been worth one dollar, but today, isn't it like roughly $30? They got rid of SC's because silver started shooting up. Why don't they update the American Silver Dollar, just as they did the one dollar SC to the one dollar FRN?

I think it has to do with the dynamics of the US government purchasing large amounts of silver like it used to do. Those laws/acts that required purchasing silver for minting practices went away much like the silver coinage did in 1965. Hence, the Us government primarily makes these as a bullion investment that can be used in IRA's or as US backed silver holdings. Unless such a law comes back allowing the Mint to produce enough to meet demand, it won't happen.