When you compare the cost of modern fractional bullion to whole ounce bars, coins and rounds, you'll notice the premium is beyond excessive. After doing the math, you'll find that you're paying at least an extra $10/oz per ounce of gold, silver, etc. While they can be fun to collect, it's not practical to stack large quantities.
At some point in each country's history, coins were primarily made of silver and gold. When this stopped will vary by country, but many coins prior to the 1960s were largely made of silver, ranging in purity from 30 to 95%. Not only are the coins intrinsically valuable, but they are minted in denominations easily recognizable by others.
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Fractional Bullion for Bartering
One advantage of fractional bullion would be for use in barter, rather than selling off small piece for spare cash. While the possibility of a global economic collapse seems highly unlikely, it's also not an impossibility. If you're one who likes to have your bases covered, it's not a bad idea to have some fractional bullion. Fractional silver is the best suited for barter purposes, and fortunately there's an alternative to modern bullion.
Fractional Bullion for Investing
One aspect to also consider about fractional bullion is it also presents an investment opportunity. The coinage stopped being made with gold and silver, so what is left in circulation is all that will exist. You can sometimes find lower mintage years that are worth even more because of collector demand. Because no more will be made, even non-collector coins will increase in value as some are inevitably scrapped for their melt value. If people want it they'll have to pay more to get it, since it's not being made anymore, and those who have it won't be willing to part with it for average bullion prices.
So whether you're planning for a possible need to have precious metals for barter or as an investment, fractional bullion is an excellent addition to your stack when done in moderation.
I bought my land, 40 foot RV Bus and Trooper 4x4 in Costa Rica with fractional gold. Well,in directly because my land is in another country, so I had to sell it to fiat USD, exchange it for the foreign currency and carry it there physically to buy the land, but it happened because I had the gold to make it happen.
Actually, I existed for almost a year just selling off my stack of fractional gold and other metals of various sizes on my youtube live auction shows every monday night for months and one bulk sale near the end to finalize the land deal quickly, which I sold to a dealer friend for insider prices that made us both happy and me cashed out quickly when I needed it, fast and easy.
I sold about 6 figures worth of gold and silver over the last year between auctions and dealer trading, till I had none left, except a few small keepsake pieces.
Yes, you pay less premiums saving up for an ounce at a time or more, but I managed to accumulate all that gold at 1/10 at a time every couple weeks, as opposed to blowing my fiat money and as a result, likely never amassing any to amount to much at all.
Sure I'm out of metals for the moment, but one of the only things worth owning as much as gold in terms of using your fiat, is land to live on for the rest of your life, fully paid for in full, and thanks to fractional gold, mine just happens to be in a tropical paradise.
You may not have a lot of metals, but you have land. You just swapped assets. You can always buy more gold and silver. You may not have had that same land opportunity later. You made an excellen5 choice!
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That's how I looked at it too. :)
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As long as I don't lose that value (extra cost) when I sell it, I am ok with buying some fractional gold and silver.
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Good point. You'll usually have to sell privately to recoup most or all of the premium.
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Even if you do use Fractional Bullion for Barter, what will you be using to "make change"...???
There likely wouldn't be any change. It'd just be an agreed-upon value for value trade.
To me, that's like taking a few steps backwards, instead of moving forward... Oh well...
If it's gotten to the point where people are bartering instead of using fiat currency, I doubt anyone will want non-gold/silver coins back for change.
We'll never return to a Barter System using Silver or Gold... Tulips may work...lol...
Bleujay's photograph....yes...let's barter Tulips. ^__^
lol...
!LOL I always wished I could be like Scrooge, diving into a vault of gold. Adult me now realizes that's a great way to get inured. 😆
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