Myers Depot Metal Detectors

Good Or Bad Idea ??

Stiffwrists said:
I agree that PMs are a nice way to spend clad if you like silver/gold and it is a small percentage of your overall portfolio. But insurance premiums should never be looked at as investments. They are just insurance. Hopefully, my insurance never has to pay me. I'd rather have no claims. Just have to look at having peace of mind that it is there if something happens. Although I'm probably worth more dead than alive at this point. Lol. And don't get me started on "whole" or "universal" life insurance. Investments and insurance should never mix.
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Insurance premiums are a necessary investment, although if you never make a claim, you're just throwing money away. You invest in insurance. Do we not research for the best rate, similar to looking for the best PM price. No payback :lol: unless you make a claim. Not so with PM's.
 
Mud-puppy said:
Right Ken? Once I started going out metal detecting, I soon discovered the various Sub-Cultures of other like minded Urban Vultures!

Dumpster Divers, Freegans, Cannies, Curb Side Set out Hunters, Trashers, Scrap Metalists...Estate/Garage Sailers, Good Will Hunters, Beach Blanket Bingoists, etc....Its all very interesting!

Like us, they get up and out on the prowl super early! One ancient Septagenarian Cannie I interviewed last year, little wiry guy trying to survive on his SS check, snatched up 16000 empties! Bragged about it and rightly so! Thats $1600! For riding around on a bicycle in a 15 mile radius before Sun-up and snatching up ditch cans!? Remarkable! Thats like one of us finding an OZ of gold and 10 Morgan Silver dollars! So yeah..



So here we are, Detectorists, a specialized subset of an Urban Vulture, going out looking for coins..keep an eye out for the real valuables, learning skills from the others...free food is always good...
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Mud, didn't Michigan tighten up their can/bottle return policy? Isn't there a limit or something on how many /where you can cash them in? In indiana our cans say Michigan 10 cents on them but I just recycle 'em.
 
All your clad finds to buy silver coins? Not a bad plan at all. It's pretty impressive what it can add up to; as you can see in the pics in this forum. You may consider a diversified plan, like maybe half goes to silver, and the other half in cash, to fund your MD hobby...or just some saved as emergency cash.
When you have a heavy collection of coins, and a stack o' paper Benjamins, you can always reevaluate.
Buying local, like Mud said, is a good way to go.
 
I have turned my clad into all kinds of cool things.
Detectors, accessories, gas and batteries, dinners for the wife and I and more.
At Aldi I once used a dirty clad quarter to borrow a shopping cart after a hunt, the other day I used two quarters I had just found to get a can of Coke from a machine because I was thirsty.

Coins are very handy, you can hoard them or magically change them into many different forms and they are yours so there are no rules.
If silver is what you are into go for it.
 
amc rulz said:
You missed the Seinfeld episode?
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When I was a kid, the return value of a cold drink bottle was 2 cents. Then they all of a sudden went up to 5 cents. Us kids were in heaven! Two coke bottles would buy you a candy bar! And we envied that old coot (who probably younger than I am now, I guess) that had that garage full of cold drink bottles. The value of his bottles increased 150% overnight! :)
 
I just use my clad for batteries or to help maintain my getting rounder figure by feeding it to the vending machine at work. Never understood saving precious metals for when the economy tanks. If the economy is decent you may get a modest return from it but if it ever got so bad that the $ isn't worth the paper it's printed on anymore how to you even cash in on silver or gold. Sure there may be a few out there who are interested in it but I think a far better investment would be canned food, bottled water and stock pile some garden seeds. If people are hungry the pile of metal is nothing more than a pile of metal. That can of baked beans however could be traded for a new roof on your house.
 
T-Man said:
I just use my clad for batteries or to help maintain my getting rounder figure by feeding it to the vending machine at work. Never understood saving precious metals for when the economy tanks. If the economy is decent you may get a modest return from it but if it ever got so bad that the $ isn't worth the paper it's printed on anymore how to you even cash in on silver or gold. Sure there may be a few out there who are interested in it but I think a far better investment would be canned food, bottled water and stock pile some garden seeds. If people are hungry the pile of metal is nothing more than a pile of metal. That can of baked beans however could be traded for a new roof on your house.
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Agreed. But PM’s are for after SHTF, not so much during, as they are meant to carry wealth into the next era. Sadly, It’s too bad I lost all of my holdings when airborn in a light plane over Lake Michigan.
 
amc rulz said:
You missed the Seinfeld episode?
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Yes. I hate Seinfeld. :shock:

When Michigan first started that recycling program people from Indiana were taking their cans/bottles to Michigan stores to get 10 cents (even though they bought them in Indiana and they said "Michigan 10 c) and never paid the extra surcharge because it beat what they could get for them as scrap in Indiana. I heard Michigan clamped down and that's why I was asking.
 
My brain doesn't compute the "Silver into dollars" equation really. I use the US dollar value of it to converse with others, but investing in the future doesn't involve the dollar at all to me. Selling silver? For paper money? Naw...I don't have any interest in what the crooks on wall street are doing either, thanks.

Retirement you say? Most of the laboring folks out there work till they die. No biggie, just how it is. If it looks like the fan is gonna be clear of feces before I kick off, I may sell and spend it all since I don't have kids and my girl has one of those "portfolio" things I hear about...:laughing:

Besides that, how much enjoyment you getting out of those jerks getting rich off your investment while your bank account gets little bits dropped in...Not much joy there. Big old bags of silver coin make the greatest sound ever! Nothing like looking at a stack of old bars knocked out of a rough mold back in the day...:blush2:
 
KiowaRd said:
I'm thinking I could just buy lottery tickets with all the clad.
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Sure! Why not? Its just as viable a financial strategy as any other! After a guy lives for a while, he sees some things.... he then realizes: "Wealth is no respector of effort or intelligence" :laughing: Having a few Silver Walkers in pocket gives a guy a good comforting feeling though...A knife and a lighter and a few Walkers..yeah, a guy could ride off into the Sunset on a stolen Huffy and begin Life over somewhere else...Makes a fellow feel like they were responsible with their spending at least, and didnt pis it all away like normal...:laughing:
 
Hey, when you can buy a Merc for ~5 clad quarters, why not? I love silver--its look, its feel, its sound, its smell, etc. A little of it is worth a lot of clad to me.
Whenever I get pocket change from shopping, I just throw it in a drawer. In this hurry-up world we live in it's just too slow to dig in the pants pocket for and count out in a checkout lane.
I throw my ones in another drawer, lest my wallet swell to Costanza proportions. :shock: Dollar bills are getting to be the new pocket change these days.
 
What Mud pup and AMC haven't told you about the Michigan bollte bill is before 1990 there was no refunds on cans and only certin bottles.
Mostly what you find to day is before that time and do not say Michigan 10 cent refund.


Michigan does not collect statistics regarding beverage container return rates. Information is collected by Treasury regarding the amount of deposits collected and returned (see below). These numbers would not account for beverage containers purchased in another state or country and returned illegally for a deposit here in Michigan.

The containers should not be crushed so that the bar code can be read to ensure the product was purchased in Michigan. However, retailers are required to accept crushed containers if they are clean, sold by the retailer, and can be identified as a Michigan returnable beverage container. Returning non-crushed containers will be easier for you and the retailer.


http://www.legislature.mi.gov/(S(0z...page=GetObject&objectname=mcl-Act-388-of-2008

I have picked up from one field two 55 gallon barrels, of alum Hamms beer cans I am about ready to take to the scrape yard.

:D Al
 
trailtwister said:
What Mud pup and AMC haven't told you about the Michigan bollte bill is before 1990 there was no refunds on cans and only certin bottles.
Mostly what you find to day is before that time and do not say Michigan 10 cent refund.


Michigan does not collect statistics regarding beverage container return rates. Information is collected by Treasury regarding the amount of deposits collected and returned (see below). These numbers would not account for beverage containers purchased in another state or country and returned illegally for a deposit here in Michigan.

The containers should not be crushed so that the bar code can be read to ensure the product was purchased in Michigan. However, retailers are required to accept crushed containers if they are clean, sold by the retailer, and can be identified as a Michigan returnable beverage container. Returning non-crushed containers will be easier for you and the retailer.


http://www.legislature.mi.gov/(S(0z...page=GetObject&objectname=mcl-Act-388-of-2008

I have picked up from one field two 55 gallon barrels, of alum Hamms beer cans I am about ready to take to the scrape yard.

:D Al
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Hmmm...then somebody was scammed back in the late 70's/early 80's as us kids would scour the ditches after the weekend, picking up 10 cent deposit aluminum cans and bottles and return them for gas money, and we did pretty good! Either that, or I'm losing my mind (could be) :cool:

I'm certain that The Michigan Container Beverage Law of 1976 included the 10c deposit on glass and metal beer and soda cans.
 
My information said stated 1990.

My brother and I would make a real good hual in the summers in the late 1950. we were gathering 40 to 50 bucks a week walking ditches on rural roads. That was a lot of money back then, of course only glass was returnable too.
some stores would take them if they didn't have labels either. we soon learned what stores too them with out labels and they got every thing we found. Our family also shopped in those stores.


:D Al
 
trailtwister said:
My information said stated 1990.

My brother and I would make a real good hual in the summers in the late 1950. we were gathering 40 to 50 bucks a week walking ditches on rural roads. That was a lot of money back then, of course only glass was returnable too.
some stores would take them if they didn't have labels either. we soon learned what stores too them with out labels and they got every thing we found. Our family also shopped in those stores.


:D Al
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My brother and I hit the ditches in the early 70's, after my dad told us there was money in scrap. A ton of aluminum and copper since then.
 
trailtwister said:
My brother and I would make a real good hual in the summers in the late 1950. we were gathering 40 to 50 bucks a week walking ditches on rural roads.
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FORTY TO FIFTY BUCKS!!!??? Wow! My brother and I hunted bottles in the ditches on the way to town in the early 70s, and was real happy making fifty cents! I should've spent it on silver coins back then.
 
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