Why You Should Buy Silver Right Now

Why You Should Buy Silver Right Now
If your dollars are sitting in the bank, you can bet that over time they will be worth much less than they are today. How does this affect you directly? As prices continue to rise with inflation, the less you will be able to buy with those dollars. Putting your dollars in something whose value continues to increase over time preserves your spending power. Buying silver is one way to preserve your spending power because the price of sliver is on the rise and is expected to maintain steady increases over time.

We found an article published by Porter Stansberry in the topstockanalysts.com which explains exactly why it is a good investment and why you should buy silver right now rather than later.
Why You Should Buy Silver Right Now

Silver is the best hedge against a money crisis because its price will increase many more times than gold as the gold-to-silver ratio reverts to its historic average. Silver will once again be worth 1/16th the price of gold. It is now worth only around 1/54th.
Back in 2006, with gold trading for around $650 an ounce, I set a target at $2,000 an ounce. We’re nearly there. A $2,000 gold price divided by the historic silver ratio of 16 sees the price of silver at $125 per ounce – about four times the current price.
Given this perspective, I hope you see why silver’s move from around $15 an ounce to over $30 in the last three years is only the very early signs of a money crisis. It’s going much, much higher.
Even if you think I’m nuts, it’s still a good idea to hedge your portfolio from the currency risks I believe are very real. You can do so easily and safely by taking a position in silver today.

 

Read the entire article here

How Much Are My Silver Coins Worth?

One of the most common questions people have regarding the their silver coins is how much are my silver coins worth?

In most cases, unless it happens to be a particularly rare coin, the worth of your silver coins is based on the pure base metal value that is in the coin. The calculations are determined by the current spot price of silver that day, the coin’s weight and the metal composition of that particular coin.

Beginning in 1794 with the minting of the first silver dollar, the United States Mint began making silver coins. Up until 1964, the percentage of silver in dimes, quarters and half dollars was 90%.
All Kennedy Half Dollar coins from 1965 to 1970 had 40% silver. As for silver dollars, the Eisenhower dollars that exist from 1971 to1974 with the S mintmark are also 40% silver in composition.Certain collector issue coins
Issued by the mint starting in 1982 up to the present may contain silver or have collector’s value.

From mid-1942 until 1945 Jefferson nickels contained 35% silver. They can also be bought for the silver melt value. These can be identified by a large P,D or S above the Monticello building on the back of the coin.

As for the more rare dates of silver coins, the following should be a general guide as far as which types and which dates of your silver coins are more valuable.

Barber Dimes

Rare dates are: 1894-S, 1895-O; Scarce dates: 1892-S, 1893-O, 1894-O, 1895, 1895-S, 1896-O, 1896-S, 1897-O, 1901-S, 1903-S, 1904-S, 1913-S

Mercury Dimes
Rare dates are: 1916-D; Scarce dates: 1921, 1921-D,

Roosevelt Dimes
There are no rare dates

Twenty Cent Pieces
Rare dates are: 1876-CC,1877,1878

Seated Quarters
Rare dates are: 1849-O, 1860-S, 1864-S, 1866-1869, 1870-CC, 1871-CC, 1871-S, 1872-CC, 1872-S, 1873-CC, 1879-1889

Barber Quarters
Rare dates are:
1896-S, 1901-S, 1913-S; Scarce dates: 1892-S, 1897-O, 1899-S, 1901-O, 1902-S, 1903-S, 1908-S, 1909-O, 1913, 1914-S

Standing Liberty Quarters
Rare dates are:
1916, 1923-S; Scarce dates: 1917-1924

Washington Quarters
Rare or Scarce dates are:
1932-D, 1932-S

Early Half Dollars Flowing Hair
All dates are rare

Bust Half Dollars Draped Bust, Small Eagle Reverse
All dates are rare

Bust Half Dollars Draped Bust, Heraldic Eagle Reverse
All dates are rare

Bust Half Dollars Capped Bust
Rare dates: 1815; Scarce dates: 1807-1817

Seated Half Dollars
1850, 1851, 1852, 1855-S, 1870-CC, 1871-CC, 1874-CC, 1878-CC, 1878-S, 1879-1890;
There are many other scarce dates

Barber Half Dollars
Rare dates: 1892-O, 1892-S, 1893-S, 1896-S, 1897-O, 1897-S
Scarce dates: 1892-1899, 1901-S, 1904-S, 1913, 1914, 1915

Walking Liberty Half Dollars
Rare dates: 1916-S, 1921, 1921-D; 1938-D

Franklin Half Dollars
No rare dates

Kennedy Half Dollars (Silver)
No rare dates

Early Dollar Coins

Early Dollars Flowing Hair
All dates are rare

Bust Dollars Draped Bust, Small Eagle Reverse
All dates are rare

Bust Dollars Draped Bust, Heraldic Eagle Reverse
All dates are rare

Gobrecht Dollars
All dates are rare

Seated Dollars
Rare dates: 1851, 1852, 1854, 1855, 1858, 1870-S,
1871-CC, 1872-CC, 1873-CC
Scarce dates: 1848, 1850, 1861, 1862, 1872-S

Morgan Dollars
Rare dates: 1885-CC, 1889-CC, 1893-S, 1894, 1895, 1895-S, 1903-O
Scarce dates: Any “CC” mint coin, 1893, 1893-O, 1895-O

Peace Dollars
Rare date: 1928; Scarce date: 1921

Eisenhower Dollars
No rare dates

If you are looking for a rare silver coin, please don’t hesitate to contact us directly, as we have it in stock.

Stop in to our store, American Coin & Stamp Co., located at 1273 Main Avenue in Clifton, NJ, or call us at 1-877-949-8800

You may also visit us on the web at http://americancoinnj.com/