Thursday, October 14, 2010

Free silver at your local grocery store - YouTube video

The other day I posted a video on my YouTube account about Free Silver at the grocery store.  Well, I had a few people say I got lucky or they don't believe me and what have you.  Truth be told, I am not lying when I said I was being paid in silver. 

Now, I understand that this was a rare and not very reliable way of getting silver, however the point of what I'm trying to say is that you may very well have silver just lying around in a change dish and not really know it.  Also, it was very common place for people around in 1964, the year the last silver coins were being made in the states, to start collecting these coins and stowing them away. 

Estate sales and auctions are usually listed in the paper classifieds section some will give mention of coins some will not.  What I look for is estate sales/auctions that have been owned by the same person prior to 1964.  You can find this out by simply checking sites like Zillow and performing a search for the address listed.  sometimes you have to call for the exact address.  If and or when you call you can ask the auctioners if they are selling any items such as coin collections etc. also.

Another place that I check is garage sales.  Every Saturday and Sunday I have available to go garage saleing I just go from sale to sale and just very plainly ask if they have any silver items or coins that I might be able to take a look at.  This way I don't feel like I am wasting their time.  I also ask if they have any silver items such as tea sets, plates, candle holders you know the stuff that is customary anniversary type presents.  Many people, sad as it may be give up their families heritage/relics after a few generations.  Also, in the current economic climate people have been brought to desperate measures and are selling off their heirlooms.  I am a bullion Bull so I only look at the silver's value not numismatic.  That being said I only am concerned with it's weight versus silver continuity of the item/coin.  So it may be handy to have a a fairly reliable scale to measure the weight.

If it is a lot of silver or seems particularly old, I will take a lot of photos of the pieces and the continuity stamps and also manufacturer's stamps as well.  Tell the people selling that I am interested in purchasing the whole lot but I have to check with a few of my sources to verify the value of the items and if they could set these pieces aside I would be very gratefully in helping them get these items sold.  This takes a little faith and some selling, so establishing a bit of raport with them is essential.  Then I will take the photos to a antiques dealer to see if they can give me a rough value of its' worth.  Of course they will want to see all the items together in person especially if it is a complete set.  I will also take them to a coin seller and a local pawn shop to see what they would be willing to give me for the items.  If all goes well you will set up a buyer for yourself and also be a buyer for the customer.

If the total sale goes through I will take the profits and reinvest them in silver, gold or hold on to it for other investments.  And thus, another form of free silver and gold. 

Watch the video here:


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