Money Monday – My Experience Buying Gold and Silver Bullion Coins Last Week


By: Wes Messamore

Suiting action to words last week, I finally made a trip to a local coin store in my city to start my run on the global fiat banking system by letting their bad money drive the good money (gold and silver) into my new hoard of inflation proof value. I’m hoping that when the fiat money system crashes, everything will be so cheap for people who have gold and silver to spend that I can take a year off and ride motorcycles across South America. Or something awesome like that.

So on the big day, I rolled into this coin shop with a collection of numismatic coins (coins that have collector’s value because they are rare, or have interesting stories behind them) that I used to collect as a(n extremely nerdy) child. I wanted them to appraise the collector’s value of the coins, and then trade them in along with a stack of Federal Reserve notes for some gold and silver. I was happily surprised to learn what a couple of my coin sets were worth. I definitely got more for them than I hoped to expect. Then I kicked in my FRNs to buy some hard assets...

Read the rest of my article at The Silver Underground.

5 comments:

  1. That's really good and helpful post. I love it vey much. I think that we can take many important information from your blog post.Very nice coins.buying silver coins

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  2. I would love to invest in something like gold and silver. Right now I am just saving up my paychecks in the bank. There has got to be a better and more secure way to actually create a savings plan. What is the best format of gold and silver that I can purchase? I am thinking coinage or bars.
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  3. I am with Bryan on that one, it would be so nice to invest in some silver or gold. My grandpa used to do it back in the 50's, and he made a fortune from it. I don't really know how to appraise a coin though. I would be really worried about getting ripped off. http://dubinraritiescoinexpert.com/Services/

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  4. Despite high prremium I've bought some Shanghai Mint gold and silver Panda coins as a "must-have" in my collection/savings Those are really cool... But any Au and Ag will do.

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  5. I love to look for old coins. I like this occupation. I am fond of it for a long time. Now I began to use this service http://coinschecker.com/ . This website helps me to assess the coin that I found.

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