» from archive
One very strange use for silver coins -
2012-10-05 20:31:41 GMT
Copy URL to clipboard
"“Corruptissima republica plurimae leges. [The more numerous the laws, the more corrupt the state.]“ -Tacitus, the Annals ca. AD 69"
"I put roughly 4,000 of these quarters (~$1000 of face value) in a carry-on bag and headed to the airport. The quick math is this– 4,000 pre-1965 quarters contains 715 ounces of silver. At the time, silver was about $35/ounce, so 715 ounces was worth $25,000"
"In Las Vegas, the dealer picked me up and drove us to a coin shop. I gave him the coins, around $1,000 in face value, and he handed them to the clerk who issued a check for roughly $25,000 made out to the dealer. It was a legitimate swap– $1,500 worth of legal tender changed hands (my $500 original deposit plus another roughly $1,000 in face value of the pre-1965 quarters), plus value-for-value was bartered between two grown adults. I drove away with a bill of sale for $1,500"
Best of Mokum
Share on Mokum: bookmarklet