Silver Spot Price DOUBLED in the first two months of 1974 πŸ“ˆ

in hive-167922 β€’Β  5 years agoΒ 

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The second round from my MAJOR LCS SCORE
is this "silver security" round. It was minted in 1974, a year that saw silver spot start the year at about $3.40, reach an all time high at $6.76 in late February and finally end the year around $4.50.

Silver_Prices_1974_chart_history_SD_Bullion_SDBullion.com.png

#1974

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This round is really interesting to me, I love the stamped words and the message.
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It's like someone had a bunch of these silver planchets sitting around at the beginning of the year then silver price doubled in the first two months of the year and the guy was like, "Oh shit! Time to make some $$$!"

He must have had access to some sort of coin press though as the words are almost perfectly aligned and the letters equidistant from each other.

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It also has a smooth edge and reminds me of the little metal punch-outs I used to find in the new houses being built where I grew up.
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I did find one of these for sale on ebay but it looks a little worse for wear.
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Any more info on this would be appreciated! 🀘🍺


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Maybe we will get another double of silver in the year 2020.................Go get you some.


Posted via Steemleo | A Decentralized Community for Investors

I would not be opposed to that! ;)


Posted via Steemleo | A Decentralized Community for Investors

The new actions in Iran could be the start of a Risk-On trade in precious metals
https://steemleo.com/hive-167922/@rollingthunder/risk-on-futures-markets-reacting-to-the-new-out-of-iran


Posted via Steemleo | A Decentralized Community for Investors

Interesting round. Simple and to the point.
!trdo

In a case full of rounds it caught my eye immediately. I browsed them all but knew I would get this one.


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Posted via Steemleo | A Decentralized Community for Investors
Β  Β· Β 5 years agoΒ 

That's a great one! Never seen it before. I love the simplicity.

I like that about it too @methus. It's weird but it feels almost unfinished.


Posted via Steemleo | A Decentralized Community for Investors

Awesome one again. Add that to my package.πŸ‘ Thanks

I got your package right here, buddy. You're welcome!

:)


Posted via Steemleo | A Decentralized Community for Investors
Β  Β· Β 5 years agoΒ 

All I know is the BEST stuff came to be in 1974. 😁

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Posted via Steemleo | A Decentralized Community for Investors
Β  Β· Β 5 years agoΒ 

πŸ˜‚πŸ€£πŸ˜‚πŸ€£

It was a good year!!!πŸ˜€

Nice piece @summertooth, I don't think I've ever seen this one. πŸ‘

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It is a cool one @wonderwop. Thanks for stopping by.


Posted via Steemleo | A Decentralized Community for Investors

Thats interesting, do you have any idea where he was located, and did the stamping?
Everyone was into selling Silver back then!
I remember going into a large mall, and the LCS had piles of Sterling and "junk Silver"!
I hate to use that term but it stuck with me....Anyway I bought a few forks, spoons and a Silver Sterling bowl.....
I still have these!!πŸ˜€

Amazing! I have no idea about this round @silvertop, that was all just supposition. But I can just see folks who had silver at the beginning of the year crap themselves when it doubled in price and scramble to sell it if they had it.


Posted via Steemleo | A Decentralized Community for Investors
Β  Β· Β 5 years agoΒ (edited)

You know so many people ( nonstackers ) just sell, they get Gold or Silver and the first thing they want to do is sell.....
They just don't understand....πŸ€”

Very Nasty High Wind Storm going on now @summertooth.....
Can we have Summer??

More for us, I guess.
:)


Posted via Steemleo | A Decentralized Community for Investors

We are definitely in a better place for stacking, @summertooth!!!
Take care πŸ₯°πŸŒΊπŸ€™

Yes indeed @silversaver888. You take care as well.


Posted via Steemleo | A Decentralized Community for Investors

Awesome!!! Love it!

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Β  Β· Β 5 years agoΒ 

When it doubled, someone who sold said, oh, fortunately, I sold it.
Those who didn't sell said, Snow, I'm stuck.

Were do you buy your silver?

Mostly online at JM Bullion and APMEX.


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