Washington silver quarters are a common coin for folks to buy when they are trying to accumulate silver as a form of savings. Since they were produced in large numbers and circulated they are not worth much to collectors so they are typically bought and sold for their silver content.

It was ages ago but it was yesterday. Contradictory right? What I mean is that while more and more people are seeing silver quarters and other types of precious metals as the big deal they are it hasn’t been that way for long.

Just back in 2001 silver was only a bit over four dollars an ounce and even in 2008-2009 you could have picked some up for under $10 per ounce. Though the price is down significantly from a few months ago silver will now set you back about $34 per ounce. It’s actually a bit more unless you have super deep pockets and can buy a large enough volume to cut the premium down.

The thing is even though it is over 30 buck an ounce now chances are it’s still time to be buying silver rather than selling it. Why so? Well we haven’t seen the Federal Reserve and other central banks around the world show any real signs of actually stopping their virtual money creation much less reducing the money supply. Governments and people around the world are in trouble (debt trouble). Stuff is unstable out there and historically gold and silver have been good ways to protect your savings so more and more folks are turning to them again. 

Folks forget sometimes but when a crisis comes it has a way of bringing back old memories it seems. So yeah. Silver quarters are a big deal. So are silver dollars, bars of silver, silver in the ground. If you think about it in a way you can get it at a discount right now. Assuming you expect it to go back up you’re doing good to get some at $34 and ounce instead of the $48 per ounce that it was recently.

Excuse me…Gotta go build a vault.