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And yet, if it was strictly physical vs. paper causing the increased cost over spot...you wouldn't have a couple of the major bullion dealers having 90% silver coins on a cyber Monday sale for $8-9 over spot and 1 oz silver rounds selling for $2-3 over spot.
Could it be the potential liquidity of 90% junk silver in a time of crisis accounts for the difference between 90% coins and private
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marcomo
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Thomas Dankowski Metal Detecting Forum
Steve, a lot of food for thought. While I hope and pray your vision of the future is exaggerated, I can see the way things are trending. Our privacy is not being taken away, we are giving it away in exchange for convenience and social media access. For a large percentage of digital natives, privacy is an outdated and archaic concept.
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marcomo
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Thomas Dankowski Metal Detecting Forum
Interesting stuff from forum members who are way more knowledgeable on this subject than I am.
Possum, could you please expound?
Why would silver (or gold) become so precious if a government backed digital currency became the standard? Would it be because many people don't want their funds, illegal and otherwise, exposed to the government's prying eyes? And what would prevent the
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marcomo
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Thomas Dankowski Metal Detecting Forum
Excellent point that I hadn't considered, Steve. I didn't take into account catastrophic scenarios which could make paper silver, as opposed to physical silver, worthless.
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marcomo
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Thomas Dankowski Metal Detecting Forum
shoveler Wrote:
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> Sellers will get what the market will bear. Dealer
> s that buy wholesale have overhead and shipping an
> d of course none of that has increased. Wouldn't y
> ou sell for the most someone would pay? I sold a f
> ew hundred ounces last year for #30 a pop and the
> buyers were tickled to get the
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marcomo
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Thomas Dankowski Metal Detecting Forum
You're not alone, Harold. I apparently misread the post too, because I also thought Keith was looking to sell the detector until he edited his original post to what it says now.
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marcomo
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Thomas Dankowski Metal Detecting Forum
Brian - Excellent point you make about the Equinox being forgiving of less than optimal settings for the site you are hunting. Some of our brethren enjoy the challenge of a detector that needs to be dialed in just so. Not me, I'm with you on the beauty of KISS!
As for the 6" coil, it does sock deep for a small coil. It doesn't get a lot of love, I've read numerous posts fro
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marcomo
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Thomas Dankowski Metal Detecting Forum
As I understand it, analog detectors are in general less prone to EMI. Don't ask me why. I'm sure Tom can expound.
I remember with the F75, like the Equinox, the sniper coil was often the answer to mitigate EMI. But that's far from an ideal situation when you have to use a 5 or 6" coil in the type of area that, without EMI to contend with, would be better suited for a larg
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marcomo
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Thomas Dankowski Metal Detecting Forum
That's very interesting, Tom. You've turned my mind's light bulb on...it's a paradigm shift for me to look at EMI reduction as THE avenue for a whole new world of keepers. What you are saying completely coincides with what I have experienced in the past, but I was too dense to put 2+2 together until your posts here. The few times I have used the Nox in remote areas/ghost towns
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marcomo
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Thomas Dankowski Metal Detecting Forum
Yes Tom, I remember the 1st gen F75 well. Although I only had a tiny fraction of your number of hours with it, the EMI I experienced was often maddening.
Comparatively, I feel like the Nox does have the small advantage of more possible remediations. It's always a happy surprise on those rare occasions when the noise cancel actually quiets things significantly down. Going to a single freq
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marcomo
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Thomas Dankowski Metal Detecting Forum
It's so annoying having a detector that is the acme when EMI is not an issue...but needing to keep a spare detector that's not prone to EMI issues in the vehicle for those frustrating times when nothing works to mitigate the EMI pulsing through the Equinox. I'm keeping my fingers crossed that the Manticore can remedy this serious issue!
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marcomo
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Thomas Dankowski Metal Detecting Forum
Hi, Tom. I know there are a lot of things you can't divulge about the upcoming Manticore but I hope you can answer one question for me concerning something you said in one of your posts.
Normally I'm not a first-on-the-block guy when it comes to buying a detector. With two of my three main detectors for the past eleven plus years, the Equinox and AT Pro, I waited 6-12 months after th
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marcomo
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Thomas Dankowski Metal Detecting Forum
One other thing I forgot to mention BigSky. The silver coins in the spill were dated 1953-D and 1954-D with the appropriate amount of wear for coins in circulation somewhere around 12 years.
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marcomo
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Thomas Dankowski Metal Detecting Forum
Very true, BigSky. The date was frozen at 1964 for silver coins in a futile effort to stop "coin collectors" from pulling coins out of circulation. It is quite obvious now, and should have been then, that the problem wasn't coin collectors, it was hoarding by many citizens who had the foresight to realize that the increasing intrinsic value of the actual silver in silver coins made
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marcomo
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Thomas Dankowski Metal Detecting Forum
Oh yes she was, doc. Although she sure wouldn't be any 10 year old boy's dream girl these days, I saw a recent picture of her and she still looks good for her age.
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marcomo
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Thomas Dankowski Metal Detecting Forum
Some of you may remember this story from when I posted it back in 2015, but it's a fascinating story that stirs the treasure seeking imagination. What this man did was a stroke of genius.
Most people under 70 have never heard of Frankie Laine or at least know very little about him. Personally I like his music, particularly the western albums he did in the late 1950's to the early 60&
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marcomo
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Thomas Dankowski Metal Detecting Forum
Ain't it funny how those early crushes are still seared into our memories so many years later? You were lucky, Doc. My grade school teachers were all old ladies. A couple very sweet ones in kindergarten and 5th/6th grade, but certainly none that made my heart go flutter. The closest I ever got was a student teacher for a week in 6th grade. She was a real looker and I distinctly remember a co
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marcomo
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Thomas Dankowski Metal Detecting Forum
I think you're right Brian about the banks not pulling them per se, but rather the cashiers like your mom. When I searched silver dime rolls every week for a year or so sometime between 1967-1969, I definitely noticed that certain cashiers produced better than others. One particularly lovely young cashier who turned into my favorite (needless to say) made my pubescent heart flutter not only
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marcomo
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Thomas Dankowski Metal Detecting Forum
Great info, Tom! I remember the silver war nickels lasted in circulation for a number of years after other silver essentially disappeared from circulation.
Unlike dropped war nickels which I've found in all different condition from almost uncirculated to highly corroded, circulating war nickels universally turned a dark gray from circulation and were always easy to spot...and ignore for
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marcomo
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Thomas Dankowski Metal Detecting Forum
Earlier today I came across my first ever silver and clad transitional coin spill.
The Nox ID'd at solid 30 with a 29 bounce and only two bars depth indicating a very shallow clad quarter. It was indeed a shallow clad quarter...with two silver rosies directly underneath.
Just to the side were two more coins, a 1965 clad quarter and a 1966 clad dime, that showed up when I scanned the
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marcomo
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Thomas Dankowski Metal Detecting Forum
Also minting a massive number of silver coins from the government stockpile helped hold down spot silver prices in an effort to keep public hoarding as low as possible while the various mint facilities hustled to get clad quarters out in time for the 1965 Christmas buying season.
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marcomo
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Thomas Dankowski Metal Detecting Forum
From what I've been able to ascertain, the biggest reason the government kept issuing silver coins until early 1966 was that they didn't even start clad coin production until the summer of 1965 when a coin shortage, most pronounced in several big Eastern cities, was well underway.
The government froze the date at 1964 in an effort to stop coin collectors from hoarding silver coins. A
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marcomo
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Thomas Dankowski Metal Detecting Forum
Wow, I knew silver was a soft metal, I guess I didn't realize how soft! Unc. to VG in 3 years is mind blowing to think about. I know silver coins did not circulate heavily for long at all after they quit being issued in early 1966. For obvious reasons of the 870+ silver coins I have found, the vast majority of high grade silvers I've found have been '60s dated...especially 1964.
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marcomo
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Thomas Dankowski Metal Detecting Forum
Tom, I remember you said a while back that a silver coin in circulation will drop in condition from BU to VG in about 12 years. Do you know the approximate time frame for other coin conditions like XF or G?
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marcomo
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Thomas Dankowski Metal Detecting Forum
Interesting thread. I've been using the 600 for the last 3 years or so, not the 800, so I don't have quite the same flexibility.
I've found that when emi severely restricts my ability to use a higher sensitivity, I can often detect at 25 or close to it if I go to single frequency in 10 khz or 15 khz. As Tom said, single frequency has a notable negative effect on accurate ID tho
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marcomo
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Thomas Dankowski Metal Detecting Forum