Thursday, July 7, 2011

20 Cent Gasoline

Yup - that's right...
20 cent gasoline

Just pay this guy in Ashland, Oregon in pre-’64 dimes, quarters, half dollars and dollars.

90% junk silver coins are probably somewhere in your house - you might want to hang onto them... and see what they are worth or you could buy gas in Oregon.


Milehimama @ Mama Says said...

Actually, that's a terrible deal. A pre-1964 dime has $2.64 worth of silver as of this morning. So effectively, if you pay two silver dimes (pre-1964 dimes) you'll be paying $5.28 a gallon in silver value.

Judy Aron said...

Yup - you are right! But this article was written in May 2011.

and they stated:

"Take Roosevelt dimes for example, which contain 0.14468 troy ounces of silver. At $4 a gallon, that would correspond to a silver price of around $27.65 per ounce. As of this writing, silver is hovering around $34 per ounce. Using the gas station’s current $0.20 gas offer means the implicit gas price is more around $5.06 per gallon in Federal Reserve Notes."

I think better is the point that those silver dimes are taken at face value by most as opposed to melt value... and perhaps we ought to start thinking in terms of melt value.

By the way - have you seen the new pennies that do not have the Lincoln Memorial on the back? I think they are awful... and they look like play money.

Milehimama @ Mama Says said...

Yes, they look totally fake! My kids brought some to me.

I get the dimes at face value- we get a roll of quarters and a roll of dimes when we cash in our paychecks and pick through them. Maybe 1 in 10 rolls has something... but since we can still use the dimes and quarters it's not like it costs us anything extra to try!

Did you know that you can't get half dollars any more? We tried ordering rolls from our bank- we couldn't do it!