I want to make some money...American Silver Eagles

Discussion in 'Bullion Investing' started by Mike Drop, Oct 10, 2017.

  1. sakata

    sakata Devil's Advocate

    Of course not. It will be the same as every other country which has gone through it. A few zeros will be knocked of the end. Or, if the parallel is Weimar, a few dozen. $100 will become one new dollar and we will start all over again.

    I read somewhere, several years ago, this in such a scenario many countries don't bother to devalue coins, just paper because it is not worth the time and effort due to the small percentage of circulating money being in coin: one old quarter is worth one new quarter. Many do of course. But if they don't then keeping coins is equivalent to keeping value. I have no idea whether the claim is true but it should be possible to check. I just never had time to do so.
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  3. V. Kurt Bellman

    V. Kurt Bellman Guardian of The Farce, & Dead-Eye Master

    The 1955 French franc. There were 100 Franc coins that were suddenly worth one new franc.
  4. Brucecav

    Brucecav Member

    Listen to the wise having bought lot's of silver you most likely make any money but can loose it easily. Bullion is bullion even ASE no point in wasting your money getting them graded.
    The best advice one can give is if you do buy make sure the spot price of silver is down I would not buy any if it is above $16.00 per ounce and that is even high.
    You are better off as said study and learn the hobby before doing anything.
    To me the most good investment for coins are rare ones but I even stray away from that.
    To me this is just a hobby I love collecting coins knowing I will be lucky to brake even but never plan to sell them just pass them onto my children.
    Good luck with your choices.
    I do have lot's of silver bought over the years but I will never sell it and feel it is a good idea to have some who knows what the future holds. But as said I would never pay over say $18.00 per ounce.
  5. losthomer

    losthomer Active Member

    Fortunately wages have risen a little since 1900. Go back a little farther in time and you will see our nations debt ratio has been worse and the world did not implode. Is all this debt good? No. Is it a certain catastrophe? No, but there is a decent chance depending on future policy and events. I'll stop here before I wander into politics.

    For your enjoyment.


    Here's one with projections until 2020.

  6. V. Kurt Bellman

    V. Kurt Bellman Guardian of The Farce, & Dead-Eye Master

    The key to the debt problem is economic growth. If you're predisposed to be an anti-growth hand wringer, this will cause you some indigestion.
  7. -jeffB

    -jeffB Greshams LEO Supporter

    I'll keep my hands folded and quiet as long as our exponential economic growth (and that's the only kind of growth that can keep up with interest on debt) doesn't rely on exponential increases in the labor pool, or the stuff we dig up/cut down/kill and eat, or the stuff we dump into the air/water/ground.

    Want exponential growth in "service industries", "intellectual property", "virtual currencies"? That's cool, the only limit is our imagination. If your appetite for physical stuff grows exponentially, sooner or later you bump your head.
  8. V. Kurt Bellman

    V. Kurt Bellman Guardian of The Farce, & Dead-Eye Master

    Well that’s exactly the kind of handwringing I feel is unhelpful and unhealthy. 1) We’re on the precipice of a exponential DECREASE in demand for labor - there is no need for concern at all, unless we keep putting everyone on disability. 2) We HAVE exponential growth in technologies that give us almost unlimited capacity for recycling and reuse of most metals (aluminum needs almost no new bauxite mining) and GMO’s are a godsend for yields of agricultural commodities as is a little climate change. 3) Except for CO2, our environment is far cleaner than it was in the 1960’s. I won’t say you had to chew the air in Pittsburgh then, but you COULD walk on it. We do need to do something for atmospheric carbon, but we’re smart fellas.
    green18 likes this.
  9. midas1

    midas1 Exalted Member

    I've been buying graded ASEs for many years (none lately).
    Yes, you can make money if you know the market For example,
    (I think it was) in 2011 I bought five sets of the ASE four coin Anniversary set.
    for $175.00 per set, sent the unopened Mint box to NGC for grading I believe three
    sets came back with ER perfect grades the other two sets I made them perfect sets
    thru eBay and trading. I wound up w/ five sets worth, at the time, $1,475.00 a set.

    I have never paid a premium for graded coins that are signed.

    I have never looked at ASEs as quick in/out investment except as described above.

    Some years ago, silver prices increased quite a bit. Don't remember what caused the spike.
    EDITED: Political
    Last edited by a moderator: Oct 17, 2017
  10. evca

    evca Member

    I hear you. Purchase price determines the profit.. My best is 20 centime purchase into 750 euros in 48 hours. Risk (20 centimes..) As usual I purchased the coin mainly because I liked it, but most importantly I had never seen one before. :cigar: A nice uncirculated Italian 50 centesimi 1924.
    Last edited: Oct 17, 2017
  11. V. Kurt Bellman

    V. Kurt Bellman Guardian of The Farce, & Dead-Eye Master

    And a slick looking coin at that.
  12. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna

    Perhaps someone should tell the powers that be.
  13. green18

    green18 Sweet on Commemorative Coins Supporter

    Robots.........but they never pick up the receiver.......
  14. green18

    green18 Sweet on Commemorative Coins Supporter

    Kubrick predicted this back in the 70's.
  15. V. Kurt Bellman

    V. Kurt Bellman Guardian of The Farce, & Dead-Eye Master

    Reminds me. I need to rip A Clockwork Orange into my iTunes account.
    green18 likes this.
  16. Danjohnson

    Danjohnson Well-Known Member

    So if we're going to experience an "exponential DECREASE in demand for labor", how under the current paradigm, is that something to not be concerned with? I've heard UBI mentioned on occasion but most often by those that don't really seem to understand, humans are not gears in a machine. Civilization isn't a mechanical device.
  17. losthomer

    losthomer Active Member

    Lets say you figure out a way to be twice as productive at work. Your reward will probably be twice as much work. With the increasing automation each worker will be more and more productive which is great as long as there is demand for the things that you are producing.
  18. -jeffB

    -jeffB Greshams LEO Supporter

    Seems to me that people are finding plenty of non-work-related pastimes to occupy their leisure, whether I approve of them (*cough* social media) or not.

    Perhaps we'll transition to an economy where you can earn a living wage by working 10 hours a week instead of 40. We (in the US) already made the transition to a five-day week, and from 12+ to 10 to 8 hours a day. What basic principle says we need to stop there?
  19. V. Kurt Bellman

    V. Kurt Bellman Guardian of The Farce, & Dead-Eye Master

    Use the federal farm subsidy model - pay people to NOT work. Wait, we do that.
    SLACKACTION likes this.
  20. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

    When the "Borg or Insect" concept of mind manipulation becomes a firm concept, perhaps people can rent out their physical body to do the minimalist amount of work needed, while the "social media" parts of our mind are presented pleasant interludes while their body earns the cash.

    Oh, wait ! Many many of workers do that already :(
    -jeffB likes this.
  21. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

    Ehhhhrrrrrmmmm, Kurt, are you at work right now????????? :)
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