What would you do if silver went to $200 an ounce

[serial]

So the question is would you jump on the bandwagon and start cracking out all those graded florins only worth $30-40 numi value to sell for melt or would you attempt to hoard and preserve them from the melting pot?
I for one hoard these coins and have saved a large amount from the melting pot due to their melt only value and I am interested in hearing how many others do this

[trout]

IF Silver ever gets to $200 per oz our dollar would be super inflated and it would be a "Best Bet" to hoard whatever silver coins that you owned.
Not only because you would only be swapping a PM for inflated fiat but because all the other fools will melt the coins and make whatever you keep far more collectable because they would be far scarcer

Just my take on this :angel:
Anyway I think I would rather do it tough than melt even my crappy Aussie silver coins :ok:

[Triggersmob]

I only hope it does go to $200 per ounce. A few years ago I heard that it might reach these types of heights, so I bought 275 ounces. So bring it on.

[Fulvio]

I wish...

I'd be happy if it went back over $700/Kg so I could offload these truckloads of predecimal silver I shouldn't have bought.

But what I would do if it did skyrocket is to ditch all that NCLT crap filling up the money bin's sub-basements. $200/Oz should almost cover the inflation over all these years.

[serial]

lol fulvio.
I like that granny bait stuff.
it so shinnnnny

[markn]

I'd sell them and buy some really tough coins.

[trout]

I'd sell them and buy some really tough coins.

Been there , done that :whistle2:

[robbiegal]

wasn't the 1966 fifty cents melted like the blazes when silver hit $55 an ounce in the 70's?

[Fulvio]

wasn't the 1966 fifty cents melted like the blazes when silver hit $55 an ounce in the 70's?

Yep. Did nothing for its value either, did it? I bought a hundred or so UNC ones for $3 each a while back.

[serial]

wanna double your money fulvio
I wish I had bought a few thousand a while back for $3

[trout]

I bought a hundred or so UNC ones for $3 each a while back.

Any double bars in that lot Mate :angel:

[Fulvio]

wanna double your money fulvio
I wish I had bought a few thousand a while back for $3

Thanks for the offer, but I'm not that desperate.... yet.

[robbiegal]

wasn't the 1966 fifty cents melted like the blazes when silver hit $55 an ounce in the 70's?

Yep. Did nothing for its value either, did it? I bought a hundred or so UNC ones for $3 each a while back.

jeepers
how far while back?
my cheapest was $6.50 @ but that was a few years ago ... maybe about 6-7 years ago (but not a bulk lot)

they don't show up in unc too often

[serial]

actually I have heard of several large hoards in wa owned by people who have owned them since new and just wont sell them as they are convinced they will go up in value
( am talking more than $30 each) they are older people who think that they have picked the next rare Australian coin
you try telling them how many million have been minted

[Fordprefect]

actually I have heard of several large hoards in wa owned by people who have owned them since new and just wont sell them as they are convinced they will go up in value
( am talking more than $30 each) they are older people who think that they have picked the next rare Australian coin
you try telling them how many million have been minted

Mintage is not relevant for the 50c round.
I shifted over 500 in Jan 1980 and cashed in for over $10,000.
During Jan 1980 silver hit about $55 an ounce for a coupe of days.
(Russia invaded Afghanistan)