Jack Lawson Sends: Olson on Precious Metals and Other Items of Financial Value, Part Four – Silver Coins as a Form of Currency

Here is the latest excerpt from Jack Lawson’s magnificent book series, the Civil Defense Manual. You can grab a copy of his book here. Jack is a strong supporter of American Partisan, and even had NC Scout write the chapter on Radio Communications (Chapter 17 in Volume I). I bought my copy the day it become available and I highly recommend you do as well.

Jack Lawson Sends: Olson on Precious Metals and Other Items of Financial Value, Part One – Dispelling Myths

Jack Lawson Sends: Olson on Precious Metals and Other Items of Financial Value, Part Two – Understanding and Measuring Worth

Jack Lawson Sends: Olson on Precious Metals and Other Items of Financial Value, Part Three – Basic Information About Silver

The basics of Silver as a Precious Metal coin, a form of currency and what you should have…

Again, Silver, because of its wide availability and use in alloy minted coins, is much more complicated than Gold in explaining what and how to buy, the weight, purity, grades of coins and value.

I want to clear up some common misperceptions that people have, regarding what are called “US Junk Silver coins.” First off, yes, we call them ‘Junk,’ but that term is only used due them being not considered collectors’ coins. Collector coins or Numismatics (the study of coins), are another factor that can add value to coins, but it is not covered here. “US Junk Silver coins” are truly far from ‘Junk’ when you compare a new ‘clad’ coin of common metal, basically valueless metal, to a ‘Junk Silver’ coin of equal denomination!

Silver and Gold ingots or jewelry can be plated or filled with worthless metals. Coins minted by the U.S. Mint and other mints will be recognized as real without question, over ingots and most foreign minted coins. There are a few other U.S. Minted Silver content coins not discussed or shown here that I will not go into. U.S. Minted Silver coins are complicated enough to understand without mudding the issue.

The following are common United States minted Junk Silver coins…

U.S. Pre-1965 Dimes, Quarters and Half-Dollars (90% Silver)

“Junk” Silver Coins are ALL Pre-1965 90% Silver Dimes, Quarters and Half-Dollars.

All Dimes, Quarters, and Half-Dollars, minted by the US Treasury during the years 1964 and earlier (Pre-1965), are composed of 90% Silver, and 10% copper.

Franklin Half-Dollar (90 percent Silver)

Franklin, Barber, Walking Liberty and other various named American Half-Dollar coins (90% Silver)

The Walking Liberty Half-Dollar (90 percent Silver)

Due to the composition of these being 90% Silver, and 10% copper, how much actual pure Silver is contained in one-dollar Face Value of these old US coins? If we took our Silver coins to a metal refinery, and asked them to melt the coins, and remove the pure Silver ( which would now be .999 fine, versus .900 fine, remember, the 10% copper mix), each coin would have had the amounts of pure Silver extracted, according to the following amonts once the copper has been removed…

One US 90% Silver Dime = .072 Troy Ounces pure Silver

One US 90% Silver Quarter = .18 Troy Ounces pure Silver

One US 90% Silver Half-Dollar = .36 Troy Ounces pure Silver

If you then take ten Dimes, you have .72 Troy Ounces of Silver. Four Quarters would give you .72 Troy Ounces Silver, as would two halves.

Barber Half-Dollar (90 percent Silver)

Morgan, Peace and Eisenhower Silver Dollars (90% Silver)

Silver Dollars issued by the United States Treasury during and prior to the year 1935, have the same Silver percentage composition. However, Silver Dollars, even those that are quite worn, trade at a much higher premium per ounce than do lower denomination coins such as Dimes, Quarters and Half-Dollars. More on that to follow.

The Morgan Dollar was minted from 1878 to 1904, and again in 1921.

The Peace Dollar was minted from 1921 to 1935.

Morgan and Peace Silver Dollars (90 percent Silver purity)

US Silver Dollars, minted from 1935 and earlier, even in lower grade condition, carry a substantially higher price per ounce of Silver purchased. One US Silver Dollar, Morgan or Peace, contains .77 Troy Ounces of Silver, in the form of a 90% /10% Silver, copper mix. They DO NOT CONTAIN ONE OUNCE of Silver, as is commonly believed. A circulated Silver Dollar, will contain at least, .75 Troy Ounces of Silver.

So, a Bag of circulated, common date Silver Dollars, would contain 750 Troy Ounces of Silver, and sell at the $23.50 Spot rate we are using for this article, not for 750 X $23.50 ($17,625) but much closer to a whopping $36.50 each, or, $36,500 or, $48.66 per ounce of Silver purchased.

The attached graphic shows the years each Mint facility produced dollar coins in the period from 1878 to 1978. Not all are 90% Silver content. (Courtesy of the United States Mint).

Silver Dollars are considered a collectible, and price will take into consideration the amount of wear, or lack of wear, along with dates and mint marks. Modern Silver Dollars, are not the same. Silver Dollars are just not the way to invest in Junk Silver because of their higher cost. Having these for traditional Silver investment is not it.

American Silver Eagles

These have been minted by the United States Mint from 1986 to present. They are 99.9 percent Silver and have been struck generally with a modification of the “Walking Liberty” design with the reverse side different designs of an American Eagle.

Variations of these coins with different designs are in circulation as Silver investment, so to validate these as real… you need to know the actual design your looking at can be compared to a coin you know is genuine.

I will imagine all this will bring up questions, so anyone that wants can write an email to me and I will respond. It is a lot to absorb, for sure, and the fact that the markets are constantly changing, in not only the Spot Prices, but also in what is in demand at any given time.

American Silver Eagle coins (99.9 percent pure Silver)
(Courtesy of the United States)

When the average American reads about the sudden increase in Gold and Silver… when Precious Metals prices start to increase quickly in price from sudden demand… no dealers or holders with experience sell… they hold. Investments in Gold and Silver must be made when the Precious Metals market is calm.

From Jack Lawson, the Author of the Civil Defense Manual…

Zimbabwe

Tell me if the story you will read in the Part Three sounds impossible or ridiculous!? Ask my wife… she was born, raised in Rhodesia, now known as Zimbabwe, with her British family. The second most abundant country in Africa next to South Africa… totally destroyed in a less than a year by hyperinflation which is now, along with massive mismanagement, destroying South Africa. Due to her Father’s vision of events to come, he invested what savings they had decades before this collapse in other investments, countries and safer places.

Ask those black and white Africans who trusted the leaders of Zimbabwe with their pensions. Gone. The leadership recently took the remaining 6.3 Billion dollars of pensions for their Swiss bank accounts and deposited statements to their accounts saying… “You will be paid back in the future.” Ironic… as many of the whites who remained after independence were Communists and leftists waiting for their ‘utopia’ to come to fruition. They’re living in it now… and along with food, it has vaporized.

Stevie Wonder… when are you going back to Zimbabwe to play your encore to the celebration music you played at the Independence celebration!? Nothing to celebrate? You are a man of good intentions, I believe, but a misguided and confused person because you listened to what the American ‘experts’ on African History and the Mainstream News told you… all bogus. You’ve never lived there. The world cheated the black and white Africans from building the ‘showcase’ of racial harmony and an economic power house in Zimbabwe (formerly Rhodesia).

By stopping the Rhodesians in giving them the time needed in their attempt to institute majority rule and competent leadership for the country that became known as Zimbabwe, they destroyed the country by letting Communism take over.

I know… I lived there… my wife was born a British Citizen there and raised there.

Look at history in comparison to the story I wrote in Part Three. This historical fact from ForwardObserver.com… a great source of visionary information for what is to come for America…

“An American Suez Crisis. Back in March 2021, monetary historian Niall Ferguson pointed out that the Suez Canal Crisis was the final nail in the coffin for Great Britain as a global superpower. In 1956, Egypt nationalized the Suez Canal.

In response, Britain, France, and Israel launched an invasion to take it back by force, but the operation was short-lived. US President Dwight Eisenhower threatened to sell US reserves of the Great British Pound, which forced the British to cease military operations after 10 days.”

“The event was so humiliating for Britain that it caused a monetary and financial crisis, forcing the British to accept financial support from the International Monetary Fund. It also officially ended Great Britain’s reign as a world power.”

“An American Suez Crisis could occur over Taiwan if the US lost face against China. Ferguson argued that if the US backed down, then the world would lose faith in the US as a protectorate, and we’d see a run on the dollar and U.S. Treasuries, similar to Great Britain’s 1956 financial and monetary crisis.”

“That might be triggered by China threatening to sell off U.S. bonds and other financial assets if the U.S. gets involved over Taiwan. Faced with financial, monetary, and economic catastrophe due to high intensity conflict, presidents in years to come may very well blink, causing international investors to dump the dollar in favor of alternatives.”

STAY TUNED FOR PART FIVE COMING OUT NEXT WEEK

Any further questions about Precious Metals can be directed to Clay Olson at… [email protected]

Other authors, books and resources I recommend for Preparedness and Survival…

Matt Bracken at www.EnemiesForeignAndDomestic.com

Joe Dolio at www.Tactical-Wisdom.com

Christopher Parrett at www.AVOW.com

Don Shift at https://www.amazon.com/Don-Shift/e/

NC Scout at www.Brushbeater.org

Johnny Paratrooper at… https://www.patreon.com/GreenDragonAcademy

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