Monday, November 26, 2012

I'm Back With News of Silver, Pennies, and Nickels

Ok I'm back after too long of a break from the blog.  I'll try to be around more and post more consistently.

Hope everyone had a great Thanksgiving, I did!

To provide an update to my previous post about the half dollars, I got the box.  Sorting through the entire 1000 half dollars I found one 40% silver half dollar from 1967.  Finding some circulated silver was pretty exciting!  However, considering the amount of time it took to order, sort, and re-deposit the box, I don't think I will be doing this very often.

What I have found to be a much more productive way of finding silver below cost is picking around yard sales.  After a few weeks of doing that, I've managed to obtain several pieces of sterling and gold filled jewelry for well below their melt value.  In between the silver and gold finds I've also just found tons of random stuff that I've picked up for a buck or two and resold on ebay or craigslist.  There are some videos with my finds over at my youtube channel

Also in the news is this:

Pennies and nickels are going to be phased out of circulation.  This sounds like an opportunity to me!  Stacking up a few boxes of nickels and pennies might not be a bad idea.  Are you going to have to wait a long time to see the appreciation? Definitely.  However, we're talking a seriously low barrier of entry in both cash and time.  You can go grab a box of pennies at the bank for $25.  You don't even need to sort it.  If pennies are removed from circulation, I would imagine even zinc pennies will sell for a premium (although you'll probably have to wait a while).

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