Strangest payment method

[Charlie Mike]

I once wad paid in $1 US Morgans by a militia type who refused to use federal reserve notes.

 

[tryppyr]

Nice! You were well paid.

 

[powernoodle]

For those who did not know, just as I did not know:

Morgan silver dollars are the most popular and widely collected of all U.S. silver coins. Minted between 1878 and 1904, and again in 1921, Morgan dollars are sought by both investors and collectors for their high silver content, superb minting, and potential leverage to the silver market. They offer all the advantages of silver bullion plus the added potential of scarce collectible coins. Link.

 

[Charlie Mike]

Mine was a stack of 10 1921s.

 

[Shaw Blades]

That's about what now at the current silver rate, 300 I think. In a couple more years it will probably be worth double, crazy!

 

[Stacy E. Apelt - Bladesmith]

Right now, they have $26 worth of silver in each, and should get you about $ 15-20 from a silver buyer.
A few are worth more in collectible coin value, but 99+% of Morgan dollars are worth $25-35.

The reference to "High Silver Content" refers to the Morgan Dollar being struck in .900 silver, as opposed to .800 for many other silver coins (often referred to as "Coin Silver).

 

[Charlie Mike]

Yup. I cashed out at $206.

 

[butcher_block]

if im offered gold or silver at non prime market value i am apt to make the trade

the US dollar is only worth what the "people" deam it worth after all its jsut paper much liek a coupon at a store being worth .50$ but the printed vaule of the paper and ink is 1/100 of a cent

 

[ernestrome]

Put it this way, it's how I met my wife

 

[ERIK KNIVES]

I was paid in lobster tails.

 

[Atlas Knife Company]

Beef jerky! 3 lbs. of really good stuff from Eudora, Kansas in exchange for one of my forges. Retail was about $50 per lb. for it. I also bought a 4' bar of steel from Sam Salvati at Ashokan once for a bag of jerky! I no longer accept frozen chickens or clams.

 

[james terrio]

I no longer accept frozen chickens or clams.

I almost want to ask why...

I feel left out, I've only ever been paid with cash or via PayPal. Pretty boring.

 

[lava_lamp]

Yup. I cashed out at $206.

You put your finger on the problem of gold or silver for the individual investor. Just like buying and selling foreign currency, the transaction costs on both ends eat you alive. The "market pice" is $260-$300 according to one of the posts above and it cost you 30% or more to convert it to cash. Not only are people done a disservice when people advise them to buy gold at historic highs, the costs involved make it such that it has to rise another 30% to 50% for them to make a profit. Maybe that will happen, but there is inherent risk that people don't talk about.

Gold and silver have real value and will always have real value. The price today, however, is a market based price, just like real estate or dollars, or stocks. If it re-adjusts, as has happened with real estate and stocks, a lot of folks will be left holding a loss (again...)

 

[GTH11]

I just traded my labor for some killer knifemaking materials this morning, the bareter system is alive and well in the USA, its just a matter of being open to it, i got a side a beef in the works right now with a buddy of mine, i sharpen knives for a mail room operator and enjoy some nice shipping and recievung benefits!

 

[Calvin Richardson]

I know this is very nerdy and quite immature, but I traded a knife for Call Of Duty: Modern Warfare 3. Kinda makes mes blush in embarrassment.

 

[thegeek574]

Dude, that's AWESOME! how the K/D going?

 

[Kentucky]

Lets see, what I can remember..
Got paid in Coal once..
Got paid in steel several times...
A 1979 4x4 chevy truck....
Tools several times...
Hunting/trapping rights to a property..
Goats....
Turkeys...
Guns more times than I can count..
Trade is pretty popular around here as you can see...

 

[Atlas Knife Company]

Forgot to mention my favorite. It was for computer repair, not a knife, but the guy was broke and offered to pay me with a couple rockets. I sold one and kept the smaller one! I only remembered because the guy came in today looking for a part for his computer this morning. Yes, you have to file with the FAA to launch it since it weighs over 5 lbs. with the engines installed.

 

[butcher_block]

handles blocks
food
beer
cutting boards
DSLR lens
flashlights
damascus

im open to some things but not all (got no place for a goat tho maybe a GTO i could find space for )

 

[Calvin Richardson]

Dude, that's AWESOME! how the K/D going?

Not so well. I had an almost 2.0 KDR in Black Ops, but I'm lucky to run a 1.1 KDR in this one. The maps are generally unfavorable for sniping and the timing is different.