On Sun, 31 Jul 2011 14:30:20 -0400, wrote:

On Sat, 30 Jul 2011 20:32:05 -0700, wrote:

On Sat, 30 Jul 2011 12:35:41 -0400, wrote:

On Sat, 30 Jul 2011 09:17:20 -0400, X-Man wrote:

In article ,
says...

On Fri, 29 Jul 2011 13:45:13 -0400, wrote:


I bought a $1000 bag of quarters (about $5000)

I should have bought more but I was taking them on a plane and I was
trying to make my carry on reasonable. Coins did not trigger a sales
tax in Georgia at the time, it would have been 6% of $4000 in Florida.
(the difference between the price and "face"). This was prior to TSA
but I still had to go through a metal detector. The rentacop was
curious but they let me go through.


Oh good grief. You bought a bag of quarters? You must drink a lot of
pop. What a total fool. Quarters???

You're slipping, girl, you forgot to call him a moron and a racist.


Yup I am a complete moron



Quantity: 4000
Coin Type: 1932-1964 Washington Quarter
Silver Price: $39.90 / troy ounce


Total silver value is $28,863.33.


(as of Friday)

You bought a $1000 for $5000 or $5000 or $1000, and what cost $4000?
Of course, you didn't say when you bought them or any other details.
They're 90% silver. You don't say when you bought them, so another
investment might have been better.

http://genxfinance.com/a-visual-hist...rom-1996-2007/

Of course, you're too much of a baby to actual have a reasonable
debate and show some facts.

Countering my better judgment I will answer you.

I thought it was obvious but here goes
$1000 "face" (4000 quarters) cost $5000 around 2002, that is $4000
more than face so you would pay a sales tax on that part in a lot of
states (not Ga at the time)
It is selling more like 29 times face now so that is a 500% return, It
has spiked higher recently.
There may be some stocks that did that but you would not get it from
any fund.
You can also sell these coins tax free, add another 28%.

So, you spent $4000. Ok. Got that. Then, you claim it's gone up 500%.
Fine. You claim it's now worth $28K. Ok, but that's melt down value,
assuming you can separate the silver from the copper efficiently, and
assuming it's legal to melt coins down, which I believe ended in 2006.
You could also give them to your kids tax free, but the same basic
problem would be there.

4000 quarters is really not a liquid investment, unless you like
paying for things in quarters, but that would remove the profit.
They're also subject to theft at about 50 lbs.

http://www.coinflation.com/coins/193...ter-Value.html

http://www.moneyweek.com/articles/mo...-down-us-coins

So, where's the great investment? A general index fund would have been
about double today what it was in 2002, give or take. If you've got
guts, you might be able to improve that with stock or even currency
arbitrage.