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1964 Kennedy half dollar, buy silver, buying silver, half dollar, silver, silver coin, silver dollar
I’m not going to tell you yea or nay about whether you should buy silver. You need to read and read some more. Ask questions. Every investment has risk. But I will tell you about a dream I had last night, a pretty intriguing one.
I wouldn’t have even remembered this dream except I happened to scan some titles of articles in a newsletter this morning and noticed one about gold and silver. Then, ping. The dream came back.
Note that I do not own silver, nor to I check on its prices – ever.
I was holding a 1964 Kennedy half dollar and held it up in front of my face, looking at it. I’d seen these silver coins a lot when I was younger so was quite familiar with them. It was a little tarnished looking around the rim.
I was in a pawn shop, and handed it to a guy behind the counter and asked him how much he’d give me for it.
He took a look at it and said, “twenty seven dollars.”
“How much is silver worth now?” I asked.
“Sixty dollars an ounce,” he said. “Do you want to sell it or not.”
I thought about it. Do I sell the coin and hold on to the cash, or keep the coin? I decided to sell it for $27 and immediately felt disappointed.
—end of dream—
So as soon as I remembered the dream this morning, I hopped online. I’m curious what the price of silver is today. The first article I click open is someone predicting that silver will go to $60 per ounce within a few months. That seems strange, because that’s the price it was in my dream.
What is the price of silver is today (April 3, 2013)? $27-28 per ounce.
Next, I’m curious what the weight of a Kennedy half dollar is. Turns out it is 12.5 grams (0.44 ounces). I was not aware of this or had forgotten. At $60 per ounce, if sold purely for its 90% silver content that would be worth about $24 (a pure silver coin that same weight would be worth $26-27 dollars).
Coincidences? I never think about silver. Why did I dream this?
Now I’m a little perplexed. Did my dream mean something? Should I go out and buy a bunch of silver? Hmmm. Undecided. What would you do?
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