Sunday, March 16, 2014

How To Grow and Build Your Silver Stack Faster

We make no secret about it on this blog; we like silver and we want to build as large of a silver stack as we can. Over the years, we have not had the ability to stack that much silver. As students, limited financial means have resulted in only a few ounces of silver. But we would like to turn this ship around and try not only to gain more ounces, but to do it faster and more efficient. In the video above, I lay out three ways that we can use to build and grow our silver stack faster. These three ways are looking for the best possible price, eliminating the cost of shipping whenever we can and trying to buy coins with a view to flipping them down the road, with a reinvestment of the profits back into the silver stack. Check out the video above to see a more in-depth discussion on these three areas.

How are you trying to grow your silver stack faster? Please feel free to discuss your methods in the comment section below.

Nickel Coin Roll Hunting Finds From Box #45 (Another Great Box!)

We were back at it again with our favourite hobby, coin roll hunting! Each week we go through one $100 box of nickels, looking for pre-1982 Canadian nickels. We are looking for these particular nickels because an inflationary fiscal and monetary policy has caused their metal value to be worth more than their 5 cent face value. For example, as I write this today, with the price of nickel just over $7/pound, these pre-1982 are worth 7.1 cents in metal value. And we are only paying 5 cents for them; what a deal! This isn't a get rich keep scheme, but it certainly, in our opinion, is a positive way to protect our wealth from inflation.

We do not look for only the pre-1982 nickels. One of the reasons why coin roll hunting is so exciting to us is that there is the added benefits from finding older, rarer coins that carry a small numismatic element to them. Recently we have had amazing luck when looking for these older coins, and this most recent box continued the great streak that we have been on. Let's take a look at the results from our 44th box:

$100 Nickel Box #45
-149 99.9% nickel nickels (7.45%)
-13 pre-1963 Canadian nickels
-0 pre-1960 American nickels

We are looking forward to seeing what our next box yields, and as always, we will share the results with you on this blog. How have your finds been going this week?

Debt, Interest Rates and Silver Stacking

A lot of reactionary blame is always placed upon individuals whenever there is a news report or general conversation discussing the ever growing debt that the public is finding themselves in. Whether it is through labels such as the "need it now generation" or negatively referring to financial habits as trying to "keep up with the Joneses," it is easy for people to not feel any sympathy for those who have gotten themselves in over their heads in debt. Although it is true that individual must be held responsible for the financial situation that they find themselves in, this type of thinking erroneously focuses only on the seen actions of individuals, and not the unseen factors that impact these actions.

As this video argues, the artificially suppressed interest rate environment that individuals find themselves in has created a situation that induces individuals to not only get into debt rather than save, but to exacerbate that debt by making it easy to carry their debt balances further into the future. As Henry Hazlitt so eloquently explains in his book "Economics in One Lesson," these unseen factors should be a place of reflection for any good economist. However, these difficult to see factors go largely ignored. When someone has their house foreclosed upon them since they can no longer afford the mortgage, it is too easy to call the individual a fool, rather than comprehend how lower interest rates had the unintended consequence of discouraging saving while at the time same make it seem more desirable and simple to finance their current overindulgence's at the expense of tomorrow's wealth.

At the end of the video, I also take the time to reiterate how important it is to avoid getting into debt when the goal is to acquire a larger silver stack. It is not possible to reach our goals in relation to silver stacking if we get ourselves into debt. A large silver stack requires one to sacrifice the luxuries today, for their enjoyment in the future.

As always, we would love to hear your opinions on the topic in the comment section below. Can debt and a large silver stack co-exist?

Saturday, March 8, 2014

The Most Important Factor in Building a Large Coin Collection From Coin Roll Hunting

Anyone who has been coin roll hunting for a substantial period of time will know what it can result in quite a large coin collection. However, this does not just happen over night and requires a few important qualities in order to occur. In the video above, I focus on the importance of consistency, not just for coin roll hunting in general, but also when your goal is to build a large hoard of coins from coin roll hunting. Please feel free to let us know about your opinions and what has helped you the most when coin roll hunting down in the comment section below. We always love to hear your feedback.

Nickel Coin Roll Hunting Finds From Box #44 - 1967 Centennial Rabbit Found!

Our search for Canadian 99.9% nickel nickels continues this week with our 44th $100 box of nickels. Readers of this blog know that these coins offer us a number of beneficial qualities, chiefly being a cheap way to protect ourselves from inflation within the current inflationary monetary and fiscal policies that are ongoing. In addition to this potential protection, since their metal value is higher than their 5 cent face value, there is also the potential to receive a small gain down the road. Of course, the future is unknown and there is no telling what can happen years from now. But the one thing that is constant is that I love this hobby! While the above is all just theoretical and hypothetical, the enjoyment and fun that we get from coin roll hunting is what continues to push us forward to the next box.

This week saw us find a coin that we have not come across in a very long time; a 1967 centennial rabbit. This was a very nice find as we have had difficulty in coming cross the rabbits from quite a while now. We had a lower number of the 99.9% nickel nickels this week, but still a decent haul. Let's take a look at the results from our 44th box:

$100 Nickel Box #44
-101 99.9% nickel nickels (5.05%)
-8 pre-1963 Canadian nickels
-0 pre-1960 American nickels

We look forward to sharing our nickel finds with you next week. In the meantime, let us know what you are finding in your searches. All the best in the upcoming week!

Saturday, March 1, 2014

January 2014 Coin Roll Hunting Finds - Journey to 100 Pounds of Nickel Bullion

January was a great month for us in terms of trying to reach our goal of acquiring 100 pounds of nickel bullion in 2014 through our favourite hobby, coin roll hunting. We were able to acquire 4.4 pounds of nickel bullion in the four boxes we were able to search through. As I mention in the video above, we are not concerned about our current pace, which if continued, would put us far behind our 100 pound goal. This is because we are planning to increase the number of boxes for our weekly coin order to two boxes a week, which should help us out greatly.

The great thing about coin roll hunting is that it doesn't just yield us coins that have a higher metal value than face value. It also gives us the chance to find older coins that may have a nice numismatic premium on them in the future. Check out the video above to see all of our finds in the month of January.

How are your coin roll hunting searches doing? Let us know in the comments below, and as always, thank you for your support and letting us in on your finds.