This was a sign at an Ashland, Oregon station taken this month implying that if customers were to buy their gas with pre-1964 silver coins then they would only pay .20 of the face value of the coinage per gallon. These coins are now in demand because they have 90% pure silver content and are sometimes referred to as junk silver because they had no collector value at that time. Junk silver is becoming more and more difficult to come by.
Two Roosevelt dimes contain .14468oz of silver which makes the implied price of gas roughly $4, but only justifies silver as $27.65 per ounce. However if you take today’s approximate silver price of $35 then the implied price of gasoline is $5.06 (using this gas station sign’s example). That is pretty steep for a gallon of gas even in today’s times so one would likely opt to hold on to those silver coins.
Investing in Silver Coins 2011
All this does is simply demonstrate the value and demand for silver coins in today’s economy. To invest in silver coins, one does not have to search and scour for pre-1964 junk silver. Investing in silver is a simple process in which anyone can diversify their asset allocation with investment grade silver coins minted from 1 oz coinage all the way up to silver bullion bars. Cornerstone Asset Metals is a private bullion dealer established to help investors preserve wealth through investment grade silver and gold coins that are now in heavy demand. With one phone call you can establish a precious metals investment account with instant buying power and liquidity.
» Contact Cornerstone Asset Metals today to learn more about buying gold and silver for precious metals investing in 2011.
Past performance is not an indication of future potential values.