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<p>[QUOTE="goldcollector, post: 259931, member: 9088"]1. You open a bank account with $100 somewhere, just so they have to let you get coins.</p><p><br /></p><p>2. You come in and buy all halfs with the other $900. </p><p> This gives you 1800 halfs, which you should find about 10 that are 1964 or earlier and about 47 clads (1965-1970). The value on those 57 would be about (10*4) + (47*1)=$87 premium over face value. this assumes the 1964 and before are worth $4.50 and the clads are worth $1.50 which is about right. So $87 gain on a $900 investment represents about 9.66 % gain. So lets call it 9% gain to have some wiggle room. Now the rule of 72 says your money will double every 8 times you do this ( 72/9 =8). You need to double your money ~ 3.5 times. ( 900, 1800,3600,7200,10000). This means that you have to do this only 28 times, gaining 9% each time to get there ( 3.5*8=28). But it will get harder each time, because each time you have more money and you have to buy all halfs with it. Well 28 times in 6 weeks is only 1 time per day less 2 days considering 5 days per week. You spend the morning selling back the halfs that have no premium, and the afternoon buying new rolls. Use all different branches of your bank. They will hate you in the end, but it can be done.[/QUOTE]</p><p><br /></p>
[QUOTE="goldcollector, post: 259931, member: 9088"]1. You open a bank account with $100 somewhere, just so they have to let you get coins. 2. You come in and buy all halfs with the other $900. This gives you 1800 halfs, which you should find about 10 that are 1964 or earlier and about 47 clads (1965-1970). The value on those 57 would be about (10*4) + (47*1)=$87 premium over face value. this assumes the 1964 and before are worth $4.50 and the clads are worth $1.50 which is about right. So $87 gain on a $900 investment represents about 9.66 % gain. So lets call it 9% gain to have some wiggle room. Now the rule of 72 says your money will double every 8 times you do this ( 72/9 =8). You need to double your money ~ 3.5 times. ( 900, 1800,3600,7200,10000). This means that you have to do this only 28 times, gaining 9% each time to get there ( 3.5*8=28). But it will get harder each time, because each time you have more money and you have to buy all halfs with it. Well 28 times in 6 weeks is only 1 time per day less 2 days considering 5 days per week. You spend the morning selling back the halfs that have no premium, and the afternoon buying new rolls. Use all different branches of your bank. They will hate you in the end, but it can be done.[/QUOTE]
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I need to make a lot of money fast
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