How People Get Rich Investing In Silver!

Gold gets all the headlines, but silver is a shrewd investment if you know what you're doing. One method of investing in silver is the tried-and-true idea of buying low and selling high. And right now, silver has momentarily dipped to 2008 prices.

 Silver Coins

So that might be your signal to invest in silver rounds, silver ingots or silver bars. However, there's another way of investing in silver that a lot of people don't know about. If you buy U.S. coins minted before 1965, many of them are made of 90% silver!

In fact, a long-time customer at the Liberty Coin & Currency store in Vancouver told an interesting story about how a silver coin held its value. He decided in 1964 to put a brand-new quarter in his pocket and carry it around for a while. 

At that time, he said he could buy a gallon of gas with that quarter. As amazing as it sounds, he is still carrying that same quarter. And today, that same quarter is still worth about one gallon of gas because of the silver content. 

However, if he had saved a quarter minted in 1965 (with zero silver content), it would only be worth 25 cents. So, in essence, silver has kept up with inflation.

The benefit of investing in bags of 90% silver coins is that you can typically buy them at a discount to silver bars or silver bullion coins. 

You pay a modest premium on top of the spot price of silver when you buy bullion. But bags of 90% silver coins carry a smaller premium when purchased in volume. That's why many people swear by investing in bags of silver coins minted before 1965.

Liberty Coin & Currency keeps live silver prices on our home page, so it's easy to see when it might be a good time to cash in on your investment. 

If you are ever interested in investing in silver bullion or bags of 90% silver coins the experts at Liberty Coin & Currency would be happy to discuss the advantages of both. And we would love to hear any of your gold or silver stories.

http://www.kgw.com/story/life/shopping/goldcoins/2014/11/10/how-people-get-rich-investing-in-silver/18816085/

Silver Bar from Shipwreck Fetches Big Bucks at Auction!

In the winter of 1740, a merchant ship sank in the English Channel just miles from the coast of England. The Rooswijk fell victim to the Goodwin Sands, an area of the English Channel that is highly trafficked and is constantly changing depths with the tides.

With more than 2,000 shipwrecks in the region, it takes a lot for one to stick out. But the Rooswijk is no ordinary shipwreck.

The Rooswijk served as an important vessel for Asian and European trade. Asia had fabric and spices Europeans wanted, and the Dutch had gold and silver, which was in high demand in Asia. 

Owned by the Dutch East India Company, the Rooswijk was on its second voyage from Amsterdam to the Dutch East Indies when it went down.

Captained by Daniel Ronzieres, the Rooswijk carried two hundred passengers on its second voyage, none of whom survived. In addition to the passengers, the Rooswijk was carrying all kinds of treasure. Ten chests of silver coins—and an unknown number of silver bars and gold coins—were on board.

Though the shipwreck occurred well over two hundred years ago, that was not the end of the Rooswijk's story. Twenty years ago, an amateur diver located the shipwreck. 

The next year, a treasure hunting team began salvaging some of the treasure on board. Among the loot recovered were one thousand bars of silver and gold coins.

Last month at Schulman b.v.'s auction in Amsterdam, a silver bar from the wreck—weighing 75.45 troy ounces—was sold. Before the auction, it was estimated at $3,349. The silver bar sold for $6,201, almost $3,000 more than expected.

http://www.kgw.com/story/life/shopping/goldcoins/2014/08/11/silver-bar-shipwreck-fetches-big-auction-bucks/13920801/