I have spent a few hundred on an assortment of junk and ASE's and Canadian maple leafs just to have because you never know. I don't think its a bad idea and doesn't cost much. If I never need them, so be it. If I do, at least I have something.

Eagles are dangerous investment.  Sooner or later, the paper fiat scheme is going to cave in and the gov;t is going  to demand its gold back. to increase its hard currency supply  I know this because this is exactly what happened under FDR during the depression and they're almost certainly going to fall back on the idea when the economy collapses.  The gov't will make gold illegal to own and they'll force you to sell it to them in exchange for the very paper money you didn't want.  The Supreme Court already ruled it to be constitutional back in the 30's. and the MSM will castigate you as an unpatriotic selfish bastard who kicks pregnant dogs for not surrendering your gold and accepting your sacrifice.

The only gold that's safe to keep is the gold that have value over and above simply being gold.  They're not going to confiscate 2000 year old Roman gold coins or those 1911 Indian Heads.  THOSE are the coins safe to buy, because the older they get, the more valuable they become.  Granted, you can keep your mouth shut and keep your Eagles, but you won't be able to trade them in commerce because you won't legally be able to own them to begin with.

No, no. My Eagles came from the mint that way. Instead of a brilliant background they have a brushed look.
The silver eagles pictured are what they call proof coins they have a very shiny finish and are alot more money then the music ones you have.


The silver eagles pictured above are what they call proof coins with a shiney polished finish they are alot more expensive the  the ones you have just for silver value these are for collectors

The ones in the picture look like proof coins. the ones you have are probably business strikes. Or they could be the burnished coins from the west point mint

I'm not sure what you mean by implying that PMs have no value.   Historically they have thousands of years of value and modern fiat currency hasn't erased that.  During the hyper-inflation of post WW I Austria, PMs could and did buy things.  Their paper krone on the other hand lost value.  Austrian Anna Eisenmenger mentioned in her diary how she failed to follow a suggestion to exchange her knore for US dollars, Swiss francs or gold and she would have been much better had she followed that suggestion.  In Zimbabwe, starving Zimbabweans panned or dug for gold with which they bought bread.  Here in America, the Confederates of 1865 could buy more with pre-war gold coins than they could with paper Confederate currency.  Even further back in time during the Revoluton's paper Continental  wasn't as readily accepted as Spanish silver.  

As for the comment "relieved of it", there is a possibility of .gov confiscation.  Then again, under a national emergency, E.O. 13603 allows los federales to confiscate the gas in your truck,your truck, your kid's go cart, your guns and ammo, the sugar in your cupboard, prok chops in your refrigerator and the cotton in your socks or anything they deem necessary for the national defense.  Heck, they could tell you as a civil servant that you're taking orders from Washington now.  However, unlike 1933 when the nation was on a PM standard, the is no gold certificate in circulation (back then the Fed Res issued more gold certificates than they had gold).  Secondly, modern Americans are less trusting and less likely to comply with any EO that confiscates their PMs.  Third, fewer than 1% of all Americans even own the stuff. It's probably not worth the effort since there isn't much gold around (most Americans of their own volition cashed out on their gold at those We Buy Gold stores).  Now, if you mean that PMs could be stolen by burglars, that's why some store it overseas in foreign vaults and out of reach of the government.

Ah, ok. Thanks. I haven't seen the proof coins anywhere around here.

The ones in the picture look like proof coins. the ones you have are probably business strikes. Or they could be the burnished coins from the west point mint

I can't remember where I ordered them from. I think I got them with my 32 character sheet of 2 dollar bills back in '08.

When my father was looking into it he discovered that a bill was added to the healthcare law requiring that bullion must be reported to the IRS. Junk silver, being considered US currency, does not fall under this requirement.

Yeah, not complying with that.

I bought two rolls of quarters at an online auction that were clearly marked pre 64 in pen on each for face value + the auction fee. At the time a quarter was worth $3.50 or so each.

 

But, for those people who say that junk silver coins are better for shtf how do you convince them that it's not just a quarter? I think that if few people understand what silver bars are, even fewer are going to understand that a junk silver quarter isn't just a quarter...

Personally I like rounds or Bars.

The problem with eagles is you pay a good premium over spot buying them for the Nuerismic value added but when you need to sell most buyers esp dealers will only offer you spot or spot minus....

No.

The reason FDR confiscated the gold then was to have all of it in gov't hands when the changed the dollar's value from $20/oz to $35/oz.  They needed that instant profit to pay off debts, the Treasury was essentially broke at the time.  We're not on the gold standard any more so there's no reason to do this today.  Instead we get unending QE.

In modern America your worries are likely founded. After SHTF the answer will be no problems. Silver coins are readily identifiable and the peons will learn that they have value quickly. The people who have the goods you want to trade for will know what they are, I promise. Gold and silver will be the only way to transfer any amount of wealth from one place to another over any distance.

 

Makes me want to go out and buy some bullion inorder to fuck with them..........FBHO.

I would buy junk silver because it is very difficult to counterfeit, and represents a known and agreed amount of silver.  Bars and rounds and good, but could be faked. Silver is not as valuable as gold, and probably isn't worth the effort to manipulate bullion weights, but it wouldn't be practical with silver at all.  Junk silver would be an excellent medium for transactions when regular money collapses.

if I remember right it may be the seller that reports it.

I think the guy at Merit was the one that told him.

If the .Gov confiscates gold and silver again they will more than likely leave coin collections alone.

Well, I guess he has to report who bought it and when right? ........fuck them, they want my property they know where I am.

Isn't Merit one of the vendors that discredited themselves and folded?  They couldn't make delivery and were using tomorrow's purchases to pay for yesterday purchaser's coin.

Which junk silver is the best buy? I started buying mercury dimes for no other reason than I like them and want some around. I have silver bars on the way and will probably grab some eagles just to have but not many.

There's NO requirement to report bullion sales in Obamacare.  


IIRC, there was a requirement to provide a 1099 for sales transactions over ~$600 (bullion, ebay, lawnmowers, whatever...), but that was repealed by Congress.  





 

+1



Another reason I like junk silver.  If the gubbment goes after people for collecting coins, they would be going after a lot of kids.  



 

All of the history you are quoting comes fomra time when using gold or silver as a monetary unit was common.  Today, unless you find another 50-60 year old white male who happens to collect PM's also, you will find less people willing to take your shiny metal for their commodity item.  Do you think Shaniqua is going beleive you that your gold chain is actually real gold?

We have been so removed from using actual PM's as a monetary unit, I just do not see them be accepted.  YMMV though, if so, have at it.

Maybe 5 years after a collapse, but there are a whole bunch of days between then and when the dollar has devalued to fill your stomach with something that shiny metals will not be able to buy.

That is pure speculation on your part and it is pretty narrow minded to think that those of us who buy silver don't also buy food and guns etc...

I buy them so I can make these:

That's pretty damn neat.