The person who is accepting them has to know. It’s a little bit more complicated because there isn’t a specific weight written on the coin. Number one, they’re 90% silver, and who really knows how much silver is in a dime as opposed to a quarter. ![]() But also there are other problems with dimes and quarters. This has been ideal, I thought, for barter but more recently with the shortage on the physical market, these bags are getting harder and harder to come by, and as a result, the premiums are rising. Junk silver is US dimes, quarters, and half-dollars that were minted prior to 1965 that are composed of 90% silver. Now, what I have been recommending at Euro Pacific up until now, for that purpose, have been bags of junk silver. That’s why silver is very important when it comes to barter because silver, being less valuable than gold, it’s easy to carry around smaller denominations that are more ideal for buying things like food. So it’s still kind of cumbersome, and of course, if I’m right about what’s going to happen to the price of gold and silver, you’re going to be walking around with bills that are going to be much bigger than 50’s. But still, with today’s gold price that’s like walking around with a wallet full of $50 bills and nobody has any change. Now one way around that, we already sell the Valcambi CombiBars which allow you to break up your gold into one gram pieces. And even with fractional coins, you still have a lot of purchasing power in a small coin. After all, even at today’s low price, an ounce of gold is about $1300. ![]() The problem, of course when it comes to gold – if you’ve got one ounce gold coins, it may be difficult to buy smaller priced items. One of the reasons that I’ve always advocated that my clients take physical possession of at least a portion of their precious metal is because they may need their precious metals to barter for the goods and services that may be in short supply in the aftermath of a currency crisis, if all you have is rapidly depreciating fiat currency. ![]() Hi, this is Peter Schiff at Euro Pacific Precious Metals. Buying Gold & Silver with Cryptocurrency.Buy Gold the Ultimate Monetary Insurance Policy.
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