Silver for barter, gold for wealth preservation

Now, getting back to the question about silver for barter. Silver is what you use for barter, because silver is a small denominated coin that you can use on a day-to-day basis to get the things you need. Say, for example, in our scenario, that after the dollar collapses, silver gets to $50 an ounce.

How would people know the value of a silver coin, whether it is a dime, quarter, half-dollar or silver dollar? First of all, these silver coins have to be United States coins minted prior to 1964, when they were 90% silver. After 1964 they were nothing more than a copper sandwich with a little “chrome” on the top.

If silver gets to $50 per ounce and we need to use silver for barter, all we have to know is how much actual silver is in the individual coin and we can calculate its value based on a $50 per ounce. For example, the Mercury Dime contains 0.07 of an ounce of silver, and if we multiply that times $50 an oz. for silver, it equals $3.50. If a loaf of bread is $3 or $4, you could use silver for barter to buy a loaf of bread with that Mercury Dime. A quarter contains 0.18 of an ounce of silver and would be worth $9.00. A Walking Liberty half-dollar contains 0.366 of an ounce of silver and would be worth $18.30. A silver dollar contains 0.777 of an ounce of silver and would be worth $38.85. Make sense?

The next question is, how do I buy these silver coins?
Actually, you can buy any dollar amount you want, but they are generally sold in what is called a $1,000 face value bag. It is called this because if you add up the face value of all the coins in that bag, they would equal $1,000. For example, a bag of Mercury Dimes contains 10,000 dimes, a $1,000 face value bag of quarters contains 4,000 quarters, and a bag of half dollars contains 2,000 half dollars. A $1,000 face value bag of any of these coins weighs 55 pounds and contains 715 ounces of silver.

My recommendation for each of my clients is to put them into a $1,000 face value bag of silver. I generally like to put my clients into a mixture of dimes, quarters, and half dollars, and having 90% silver coins in a variety of denominations will easily suit every barter situation. That way you get a good mix of small and medium silver coins that you can use for barter.

See an example here of silver for barter.

Once your silver for barter is in place, then you can start accumulating gold to preserve your wealth.