The more expensive penny you'll see
Premiums and precious metals prices have been going up. I decided that I wanted to buy more standard bars versus fancy collectibles.
I chose a silver round in the form of a penny for kicks and giggles. As I mentioned in the title, this is probably the more, if not the most, expensive American penny out there.
It's too bad the reverse side didn't have the same designs as an actual penny. Whatever, an ounce of silver is an ounce of silver. The rest of my haul is standard silver bars and some gold from the APMEX exchange. I didn't think they were worth displaying on a post.
Back to premiums and an uptick in prices, APMEX is enforcing minimum purchases again. I don't know if it's a business tactic to take advantage of the hidden hysteria or if people are panicking. The requirement of $250 is not too difficult if you are the type who likes free shipping like me. That threshold is $200. So, it equates to about another ounce or two of silver at current prices.
Regardless of what you read in the news, there's a problem in the current financial system. It's been echoed by many people, even on Hive, for years. We can continue to pretend everything is okay. I think things will happen faster and faster now. Of course, this is no financial advice. I will keep on stacking.
Posted Using LeoFinance Beta
I always come back to wanting to buy metals, I just never can get myself to do it. I just don't want the responsibility to storing and protecting pounds of metal and paying a 1-2% yearly premium for the extra insurance so it is actually covered in a fire/theft.
There's always crypto.
The point is having something you control.
Hmm, I should look into that.
Very cool round! I haven't seen it before! That sucks that APMEX is doing minimum purchases again, and their premiums can be high too. That's why I've been sticking to local jewelers/ gold and silver shops lately.
!PGM
BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!
The tokens that the command sends are: 0.1 PGM-0.1 LVL-0.1 THGAMING-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]
5000 PGM IN STAKE = 2x rewards!
Discord
Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP
Get potential votes from @ pgm-curator by paying in PGM, here is a guide
I'm a bot, if you want a hand ask @ zottone444
My local shop has been looted clean by the rich folks in the area. lol
Damn bastards! It's been tough lately, fewer people are willing to sell. Guess I'll just have to dust off the old gold pan and find it myself!
1lol
A definite beauty with that silver coin. Thanks for shraring !PIZZA !WINE
Congratulations, @mawit07 You Successfully Shared 0.300 WINEX With @enforcer48.
You Earned 0.300 WINEX As Curation Reward.
You Utilized 3/3 Successful Calls.
Contact Us : WINEX Token Discord Channel
WINEX Current Market Price : 0.150
Swap Your Hive <=> Swap.Hive With Industry Lowest Fee (0.1%) : Click This Link
Read Latest Updates Or Contact Us
Always a pleasure.
It's a silver coin of great value, i also used to collect some penny or coin but i think those aren't more valuable than yours :'(
You'll never know.
Mmm maybe
It's a really lovely coin to appreciate and thanks for sharing.
I aim to entertain.
Interesting your post. 🤓 Thanks for sharing 🤗
It could be a business tactic to sell more, nobody is scheming to stop buying these precious metals these days. The coin has a nice portrait :)
Indeed it does.
The way we are seeing the price of silver has been increasing steadily for the past few months and still one who invests in it can earn good profits within the next two to three years. Both coins looks so beautiful and amazing.
I say it’s time to hold on and see what happens to the financial system.
Yes, expensive but attractive. yes, agree with you, the reverse side should have some design on it as well.
I like to see more of these restrikes of the most popular past coin designs in silver rounds.
Posted Using LeoFinance Beta
I’ll see if I could get more in the future.
My local shop was running low this week when I went. I get paid on Wednesday and will have to try and pick some stuff up.
Good luck!
IF the dollar gets revalued to 24grams of silver as stated in the constitution, coins of any denomination will be a good thing to have, too.
Nickels have .06usd of metal in them, so you take value from not just the fed, but the treasury, too.
http://coinapps.com/base-metal/coin/calculator/
The fed buys coins at face value from the mint.
That day may come sooner than we think.
With the classic penny design too, honest Abe, nice silver piece.
I think it is a sales tactic... but it is what it is!
Good thing it doesn't affect my routine purchases!
$PIZZA slices delivered:
@mawit07(1/5) tipped @enforcer48
Nice
penispennyIt's nice.
I'm glad I put in a purchase before this huge spike in demand! SD Bullion has a $500 minimum order price! And they no longer accept crypto. I exchanged some crypto for 17 oz from APMEX before all this craziness, little did I know, it may be my last order for a while!
Oh my, $500. That’s a bit hefty for many people.
Found this, must confirm…
brb…
https://www.thepricer.org/how-much-does-it-cost-to-make-a-penny/
I'm mostly confident that is true.
Actually, these guys say 2.41 to make a penny: https://www.thepricer.org/how-much-does-it-cost-to-make-a-penny/
So it is.