Fellow OT baws - do you buy precious metals?

There are a good many precious metals scams out there so please be very discerning before getting involved with that. And no OP, I can't afford to buy them.

take your metal detector to the Redneck Riviera. profit.

I’ve got about $20k in “junk” silver, which is circulated US coins that don’t have any numismatic value. Does that count?

Unfortunately my wife does.

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take your metal detector to the Redneck Riviera. profit.

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Plus all that weight I lose walking

I am in NJ should go to Jersey shore

Pink ring and chains galore probably

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I’ve got about $20k in “junk” silver, which is circulated US coins that don’t have any numismatic value. Does that count?

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Counts

Numismatic value - means silver is worth more than dollar

Father in law is a big time silver guy. Among other things, but that's what he does most of the time since he retired. Estate sales, pawn shops, etc. He just really enjoys the hunt for the deal, but he also makes a bit of dough. Pretty cool hobby, really. He's big into firearms, too. He's given me a couple cool guns.

Who are you going to sell that gold to when the economy collapses and everyone is starving? Buy the etf.

I have a bunch of 1930s silver peace dollars

never buy coins, they are only worth coin value and its illegal to melt them down.

for example a $20 gold coin is only worth $20 and will always only be worth $20, yet melt that coin down into just a chunk of gold and then its worth way way over $20 based on the price of an ounce of gold.

its serious crime but melting down old coins can make them 10x more valuable unless they have rare collector value.

as an investment, buying silver and gold ingots is a great investment, but you better have a damn secure safe in your home to keep them in or rent a safety deposit box at the bank for keeping them in.