As a young boy, I collected all the loose change after mom dumped all the coins out everyones pockets before she through the cloths in the washing machine. It added up and I quickly filled a small coffee can with 90% junk silver coins. I sure wish that it was this easy to find coins today.
When collecting, spend some time doing your homework, understanding how coins are graded and how to recognize counterfeits. You should also buy a reference book covering your area of interest. Such books will provide you with some basic numbers on a coins value.
Finally, another great place to find a buffalo nickel, is online. There are many online auctions (including eBay of course), that will sell very fine specimens of coins from all years and from all over the world. There is a very active trading community online and you are likely to find some of the lowest prices. Again, you must take a buyer beware attitiude with these online auctions as well. There are those lurking out there that would sell you a common coin for an extremely high price. However, by and large the dealers online are very honest. Just do your research first, and then you will have nothing to worry about.
Demand takes a form of its own and here we will take a look at some of the areas of consumption in silver that help drive the price of silver to different levels. One thing to keep in mind when it comes to silver is that Demand = Supply. Whatever silver is mined throughout the year is eventually used to calculate demand. You may be asking how that is possible and the answer is simple; the silver must go somewhere. Silver can be sold to refineries, photograph companies or held as reserve which is considered a company’s investing asset. The selling of silver to multiple industries is the demand side of the Supply and Demand model. The price is dictated by the amount a particular industry is willing to pay to take control over the supply miners produce.
Once you are comfortable you can then take the next step into precious metal coinage such as the American Silver Eagle and Gold American Eagle. The cost of these coins actually fluctuates with the cost of the precious metals as they are minted 99.99% pure by the U.S. Mint.
We will miss you Norm. We won’t let Annie suffer alone. We will be there for her. We will mourn for a long time but the good memories will not be forgotten. I know that Ryan his son, and his wife and the grandchildren will be a great comfort to each other. Rest in peace Norm.