Although I've stacked for a while, a new goal I've started is to "save for a rainy day." What I mean by that is I am saving all of my change in a jar from every dollar I break and once it's full I'm going to cash it in to buy something either in gold or silver just for fun. Normally I see coins I'd love to buy, but can't justify the premiums during my normal stacking budget. So the reason I'm telling you this is a fun thought experience. If you had and extra $300 what would you buy that you've been wanting for a long time?
Good strategy I have been throwing my daily coins in a container since i started work many years ago . It adds up . Most times it was enough to pay a bill of some sort & i didnt have to use my pay or savings
If you're seriously thinking about "saving for a rainy day", you should buy the purest, cheapest silver bullion coin - I'd suggest: http://www.primevalues.org/hard-assets/canadian-silver-maple-leaf-1-oz-coin.htm If you're finding it very hard to save and you can rarely save a few hundred dollars a year, then go buy food reserves. You'd probably be better off saving on food with your 300 $. With it, you could buy a lot of food to store away. Especially if products are bought at a discount, it would be a bargain.
I also started to do this, but only for the biggest coins, and for another reason: to avoid running out of cash due to silver online shopping. Your case is like the opposite, and I wonder whether the dealer will laugh or cry when you arrive there with your jar change.
I put all my change aside then bag and bank it every few months. It's usually a couple of hundred bucks so yes, it certainly does add up. (Then again, I use cash a lot. If you're one of those people who buys a 30c ice cream at McDonalds using EFTPOS then that strategy might not work for you).
I've tried saving all mines coins before and I simply can't. First I don't get them very ofted since I mainly use my card and second I'm failry good at estimating whats in there and once it gets around 50$ I can't help but use it. Only change I have saved I had to make part of a collection of somesort like Presidential dollars, state quarters, etc
I was saving two rolls of Presidential Dollars per President and rolls of state quarters. Then when I figured out the government's goal was to destroy the value of money, I lost interest and spent most of them. I think I kept Washington, Jefferson, Adams & Jackson.
Mate I used to have a bag of spare change thought nothing of it just kept chucking daily change in..... Took to bank and walked away with 512 bucks.... Got myself a 10oz geiger and 10oz horse... Now I try to break every note I have just to add change to my new jar
Lol. Well my credit union has a machine that I can dump my change in and I get it in bills for no fee . But that WOULD be funny!!
I also want to add whenever I get rebates I put the money in there too. I look at it as I had already spent it on food or what not so I got my money's worth. The silver after the fact is a pure gift!
Yep, definately do not want to have much lying around, I have one of each president and one of each quarter...so all and all like 40$ in change...don't want to start anymore colloection cause if I get to $50 I may spend it :lol:
Depends on when that $300 is available. If right now, definitely not blobs (common bars) because I'm convinced that next year will be a steeper drop in the price of silver than we've seen in all of 2014. Instead, with the extra $300 now, I'm liking silver Chinese medals and semi-numis like key date or high grade America The Beautiful 5 oz coins, ASE's, CML's, or Libs. There are limited supplies of these while I can always get blobs any time, anywhere, and at better prices when the market consolidates further. .
There is a automated fruit machine (if I can translate it like that) that I visit alot for apples, and you can also pay with banknotes, only 2-3 months in the year no apples (end stock previous <> new harvest) and I had the habit to pay with a banknote to get alot coins back. So I can exert some control over my addition rate. Machines to dump change for notes do not exist here, as far as I know. Never saw one, never heard about it. I do know a few people (whose kind of job or hobby delivers alot coins) that regularly visit the local bank for a manual swap. I store them in tubes from medical calcium, they are almost filled with 50 2euro coins each, that's easy to count / use later on. Yea improvisation rocks. Considering what a plastic tube designed for coins costs, it's not exactly a luxury to find workarounds along stuff that wasn't intended for this.
On a fun side note, I just cashed in a $4.00 rebate check at the bank at lunchtime and asked for it in kennedy halves for my jar. One of them was a 40% silver! So my jar only gets $3.50, but my stack got another .14789 toz larger!
I don't take my coins to the bank - I swap them every couple of months for beers. Buying pints with 5c pieces keeps the barman entertained for a while
I store most of my coins between the cushions of my couch along with pizza crusts, twisties, something that I believe was a vanilla slice and a dead mouse
