it can come to a gold /silver round up like gold reserve act
Namelus, silver wasn’t confiscated – just gold. So-called “junk silver” might be a good portion of someone’s personal “storehouse.” Those are the pre-1964 “silver” US coins to include dimes, quarters, 50¢ pieces, and silver dollars. They contain 90% silver, and $1.00 face value has about 0.72 oz. of silver in it (0.77 oz for silver dollars pre-1964). With silver prices currently rather low, it might be a good time to add some to your “collection” (again, note that these aren’t “pretty” collectible coins – they’re for trade). Drop ‘em if you don’t know the source, and make sure you get the nice “silver coin” sound, rather than a lead “thunk.” There are counterfeits that look pretty good to someone not familiar with them.
Even at today’s ($14.14/oz) silver price, a $10 roll of pre-1964 quarters is still worth a bit over $102, and a half-roll ($10 face value) of the old silver dollars (90% silver) are worth nearly $110.
The nice thing about junk silver is that it’s still legal, valid US money, at very least, unless they completely do away with any “cash” money and force us to go all electronic. So don’t leave them laying around for grand kids to find and go spend on a candy bar. Four pre-’64 quarters would set you back about $10 for a candy bar.
Just remember that it’s still silver, and that tends to be roughly synchronized with gold in price. Besides, an ounce of gold is just too huge a denomination for most people to accept in trade and want to give you some sort of “change” for a relatively low priced trade. Just do NOT fall for “war nickels.” Yes, they do contain a rather substantial amount of silver, but they can’t be melted down as easily (or, I’m told, safely) as silver can be, and the gummint has put a ban on shipping both them and pennies out of the country (or melting them down for the metals value of them). Coin shops and others will still easily buy pre-’64 dimes, quarters, halves, and silver dollars because they can unload them quickly for melt-value. In a SHTF situation, they could potentially be seen as a legitimate currency, due to the silver value of them. Don’t count on “silver rounds” however – most people wouldn’t recognize the names of the major private mints that make them, and wouldn’t trust them. 90% silver US coins are quite recognizable. If gold’s valuable in a SHTF environment, so should be silver.