WHAT TO BUY and WHAT not to BUY ---- IMHO

When thinking about hedging your dollars in Silver or Gold, it used to be, when silver was around 6 bucks an ounce or less, that one could buy Washington Quarters ( WQ) and Roosevelt Dimes(RD) and Kennedy Halves (KH) at about spot as Junk Silver. When Silver was about 6 Dollars, WQ were about 3.8-4.1 times face value. While Mercury Dimes (MD) and Franklin Halves (FH) were a bit more. Somewhere about 50 -75 cents for the MD's and about 2.50-3.00 for the FHs. While Walking Liberty halves were 4., Well as the price of Silver climbed the Numismatic value of the MD's and the FH's (outside of uncirculated and a few rare dates) were basically swallowed up in the price of silver. In other words, the melt value of both the RD's and the MD's were both at the Numismatic value of the MD's and the melt Value of the FH's and the KH's were both at the Numismatic Value of junk grade FH's. The same thing happened when the price of Silver climbed to higher levels with the WH's . When the Walkers were worth numismatically about 7 FRNs each Silver was about 12 Dollars, which was still well beyond the price of the Silver, but now that Silver is about 20 the Numismatic Value of the Walkers, (outside of EF and AU grades and a few rare years) Especially the more common 1940's, has been swallowed up in the bullion value. So what to buy? if you have an opportunity , always buy strictly for SILVER VALUE, however remember that if the Half dollar COIN was worth 7 dollars at 6 Dollars an ounce, it is still worth 7 dollars at close to 20 per ounce the only difference being that at one time it was numismatically worth 7 and now it is worth it because of it's metal content, however if the coin was worth 2 when silver was worth 6.oo per ounce and is now worth 7 for it's metal content if the price should drop so will the value of the coin, where as the former will retain it's value.

This will continue to be a "sybdrome" as or if the price rises. sooner or later the barber halves and Standing Liberty quarters will be worth only their metal value.

What to do? If you have an opportunity to buy Walkers or Franklins: Buy the Walkers. If you have the chance to buy Kennedy's or Franklins, check the weight, sometimes Kennedy's weigh more and will justify the decision, however generally speaking get the Franklins or Walkers ( unless they are worn to death) If the price should drop the numismatic value of the FH and WH, will protect you against a fall.

All that being said:
If you buy the KH's RD's or WQ's you are still getting your monies worth at today's price of silver. BUY WHAT YOU CAN, but LOOK for the OLDER coins, that are still not worn to bad, and if the opportunity arises, buy them instead or along with the others.