Varmint
NES Member
So how can us regular people buy ANY coins and have any hope of not getting scammed??
Just buy from the top vendors like Apmex and you're pretty safe. Safer than your investment accounts probably.
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So how can us regular people buy ANY coins and have any hope of not getting scammed??
Buying US 90% silver coin is pretty safe if you stay in the lower denominations. Silver dollars have been known to be china counterfeit. I don't know of many US quarter counterfeiters. Buy from a reputable dealer and you should be good to go. Slabbed coins carry too much of a premium for me unless it is a MS70 2020 last year of design. I bought a number of those and will do it again with the MS70 2021 SE's for sets of last and first issue.
Ebay is also refusing to sell over a certain limit ($500?) to you unless/until you go through some sort of secondary verification process. Maybe not worth the trouble when you figure in the scammers.
I'm familiar with the $10 rolls. Are the $20 ones really long or did mean to say $10?I got a $20 roll of quarters from Citizensbank that turned out to be fake. They were actually silver quarters.
Thanks for posting the pics. That is a very cool piece, I've never seen a letter like that.Loogadis:
Some things never change. It took the Treasury department from 2/13/1890 until 7/17/1890 to process this. The three notes in the other photo are real.View attachment 345562View attachment 345563
I'm familiar with the $10 rolls. Are the $20 ones really long or did mean to say $10?
Ebay fixed that, if you haven't looked recently.
Ebay is also refusing to sell over a certain limit ($500?) to you unless/until you go through some sort of secondary verification process.
I got a $20 roll of quarters from Citizensbank that turned out to be fake. They were actually silver quarters.
Thanks for that. I will look things over. My basic problem is I shop for walking liberties and getting over 1K$ is hard to do.
Really? Know what kind of verification they need?
I read your typo correction. It is still possible even in these days to get a roll of silver. My last big hit was a $10 Gold certificate! It was before they changed the format to the common one today. I always ask if the bank has a roll of 1/2 dollars. That is were they show up most in my experience. Sometimes more than one in a roll.
So i went to park in Cambridge with a roll of quarters I got from the bank, and I'm feeding the parking meter, and it's not working. I tried another meter, that wasn't working either. I drove to another meter 100 yards away. that didn't work either. Checked my wallet, and the quarters in there did work, so I'm like WTF. Then I look at the roll of quarters, it's dull - very worn. Tried a couple more that weren't worn, didn't work. Then I looked at the date of the next quarter. 1944. And it looked kind of silver. Next one, 1957. Next one, 1964.
I think the bank gave me a roll of junk silver quarters, and I popped like 10 of them into the meters. Ahhh, fock.
you mean you got a $10 bill that turned out to be a gold certificate?
Posted the silver quarter story back when it happened, lol.
Silver dollar roll searching is well known and not a lucrative as it used to be (I think it works out to less than minimum wage on average). The trick that worked for a while was that the 40% Kennedy halves 65-70 were clad and many people did not know that they had silver content.I read your typo correction. It is still possible even in these days to get a roll of silver. My last big hit was a $10 Gold certificate! It was before they changed the format to the common one today. I always ask if the bank has a roll of 1/2 dollars. That is were they show up most in my experience. Sometimes more than one in a roll.
Tax rate? Last time I sold off for a profit I didn't pay no stinking taxesIn case anyone wants to buy gold or silver and not pay a premium, there is Sprott physical trusts.
Eric Sprott is probably the biggest gold and silver investor, and he wanted an alternative to GLD and other paper gold ETFs, so he created these.
They purchase physical gold and silver to match 100% of their funds' value, so no paper derivatives like in GLD. The fund (PHYS) is 100% physical gold. It is redeemable for physical for large investors (not sure the cutoff), and all the metal is stored at the Canadian Royal Mint. A bonus is the tax rate is capital gains vs ordinary income for gold ETFs or physical.
You can buy them through your brokerage account like any other stock.
You can calculate live on the website the current value of one of the stocks in gold - right now PHYS is valued at a few dollars below spot.
Silver dollar roll searching is well known and not a lucrative as it used to be
Man that is too funny.. I can relate - because I collect currency, I always used a bank note as a bookmark. I was using a 50 cent Lincoln fractional, one of the most popular and expensive fractionals, and somehow have never seen it again. I've since switched to using less valuable notesNow the back side of the story was that I put it in a thick book so it would press and look better. I have never found it since!
Tax rate? Last time I sold off for a profit I didn't pay no stinking taxes
Think we finished at $1699. I guess we'll have to wait til next week to see if we break $1700.
The technical charts point to gold failing to breakout - but I think the Fed is forcing investors into gold with its weekly trillion dollar bonanzas.
Here's an interesting prediction:
$20,000 gold price: Franco Nevada chairman makes the case
$20,000 gold price: Franco Nevada chairman makes the casewww.kitco.com
Tax rate? Last time I sold off for a profit I didn't pay no stinking taxes
Yea, this was way back when the bills were, "old style" and the only noticable difference between a Gold Certificate and a Fed Res Note was the yellow seal and serial instead of the green one.
View attachment 345956
I got handed this in change from a store a while back. Note the “silver certificate “ in the top center
View attachment 346616
Now the back side of the story was that I put it in a thick book so it would press and look better. I have never found it since!
Talk about kicking oneself in the ass.... Do the NH tokens still work in the newer meters?
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Always sell hard gold and silver to a different dealer than you bought it from and keep the totals low.
Back when Clinton was voted into the presidency, I bought 100 Oz silver bars. Some time in the next year, I sold, doubling my money. I got a 1099 from the dealer!
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How did the dealer know what your profit was?Always sell hard gold and silver to a different dealer than you bought it from and keep the totals low.
Back when Clinton was voted into the presidency, I bought 100 Oz silver bars. Some time in the next year, I sold, doubling my money. I got a 1099 from the dealer!
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How did the dealer know what your profit was?
I don't know that's why I asked. I've never been handed a 1099 when I've sold metal.The 1099 isn't for the dealer to report your profit, it's for them to report the payment, I think. It's on you to show your cost basis when you file, right?
I would have been pissed. Every dealer I buy from knows my first name, and that’s it.
The 1099 isn't for the dealer to report your profit, it's for them to report the payment,
I don't know that's why I asked. I've never been handed a 1099 when I've sold metal.