what do you think of the following...

[tekhen]

Some have asked whether our silver coins will disappear. The answer is very definitely-no.

Our present silver coins won't disappear and they won't even become rarities. We estimate that there are now 12 billion--I repeat, more than 12 billion silver dimes and quarters and half dollars that are now outstanding. We will make another billion before we halt production. And they will be used side-by-side with our new coins.

Since the life of a silver coin is about 25 years, we expect our traditional silver coins to be with us in large numbers for a long, long time.

If anybody has any idea of hoarding our silver coins, let me say this. Treasury has a lot of silver on hand, and it can be, and it will be used to keep the price of silver in line with its value in our present silver coin. There will be no profit in holding them out of circulation for the value of their silver content.

[Libertytree]

Some have asked whether our silver coins will disappear. The answer is very definitely-no.

Our present silver coins won't disappear and they won't even become rarities. We estimate that there are now 12 billion--I repeat, more than 12 billion silver dimes and quarters and half dollars that are now outstanding. We will make another billion before we halt production. And they will be used side-by-side with our new coins.

Since the life of a silver coin is about 25 years, we expect our traditional silver coins to be with us in large numbers for a long, long time.

If anybody has any idea of hoarding our silver coins, let me say this. Treasury has a lot of silver on hand, and it can be, and it will be used to keep the price of silver in line with its value in our present silver coin. There will be no profit in holding them out of circulation for the value of their silver content.



And I thought I was smokin' the good stuff.................

[SeekYeFirst]

Think that sounds like TPTB. THx for posting. Where is a link/reference?

[Gaillo]

Lyndon Johnson?

[tekhen]

Lyndon Johnson?


correct... Signing of the Coinage Act. - July 23, 1965
a look into the past to see how gov't actions affect us today...

now add this to today's equation... 'Will Nickel-Free Nickels Make a Dime's Worth of Difference?' link below
http://online.wsj.com/article/SB20001424052748704866204575224431682671088.html

theft?

what will the future hold?

[tekhen]

Think that sounds like TPTB. THx for posting. Where is a link/reference?


here you go...
http://www.presidency.ucsb.edu/ws/?pid=27108

[Neuro]

I like these flashback quotes from the past... Though the 11-13 x appreciation of silver dimes quarters and halfs has not exactly been stellar over the last 45 years since the quote... probably it has just kept pace with general inflation, I think the real gains we still have ahead of us, the issue at hand is that we are entering an era of industrial silver shortage, combined with collapse of fiat currencies, combined with a highly speculative mindset of today. These factors could drive the POS maybe even 2 magnitudes greater over the next years, in real value maybe 10 times today's price...

[tekhen]

I like these flashback quotes from the past... Though the 11-13 x appreciation of silver dimes quarters and halfs has not exactly been stellar over the last 45 years since the quote... probably it has just kept pace with general inflation, I think the real gains we still have ahead of us, the issue at hand is that we are entering an era of industrial silver shortage, combined with collapse of fiat currencies, combined with a highly speculative mindset of today. These factors could drive the POS maybe even 2 magnitudes greater over the next years, in real value maybe 10 times today's price...


a slow and steady climb... look at Au from the 80's til today.
I don’t know how long the bull will run for Au will be but the Ag bull IMO has just started.

Strong hands!

[1970 Silver Art]

My take on it is this. I am speaking as a collector. There will be silver art bars that will have "rarity values" on them. I am mainly talking about '70's silver art bars but that can be other silver bars or coins that are no longer made or were melted down at some point on time. 30 years later, there are still a lot of '70's SABs out there but not nearly as much as 90% silver dimes, 90% quarters, 1964 Kennedy halves in comparison IMO.

While '70's silver art bars are still around and will not disappear, a lot of them will have significant "rarity values" on them because they are not made anymore and a lot of those '70's SABs were destroyed in the Big Melt of the early '80's. Again I am speaking as a collector when I say this.

BTW I thought that the Treasury did not have ANY silver on hand but what do I know?

[willie pete]

Some have asked whether our silver coins will disappear. The answer is very definitely-no.

Our present silver coins won't disappear and they won't even become rarities. We estimate that there are now 12 billion--I repeat, more than 12 billion silver dimes and quarters and half dollars that are now outstanding. We will make another billion before we halt production. And they will be used side-by-side with our new coins.

Since the life of a silver coin is about 25 years, we expect our traditional silver coins to be with us in large numbers for a long, long time.

If anybody has any idea of hoarding our silver coins, let me say this. Treasury has a lot of silver on hand, and it can be, and it will be used to keep the price of silver in line with its value in our present silver coin. There will be no profit in holding them out of circulation for the value of their silver content.


Yea right, and the Titanic was unsinkable :lol

[Twisted Titan]

If anybody has any idea of hoarding our silver coins, let me say this. Treasury has a lot of FIAT on hand, and it can be, and it will be used to keep the price of silver in line with its value in our present silver coin. There will be no profit in holding them out of circulation for the value of their silver content OUR PPT CAN SLAM THE PRICE AT WILL.

Fixxed it for ya LBJ


T

[Ponce]

Since 1965 many silver coins have been horded which means that they are almost like new and that in itself will prolonge the time of use.

And like I said in many occasions "The coins of today will become the silver coins of yesterday"... Ponce

[jedemdasseine]

Shiny, new silver bars have to come from somewhere, and it's not just from recycled photographic silver and grandma's old sterling flatware.

Every single say, pre-65 junk silver coins are sacrificed to the fire gods.