I would just ask him exactly what he expects you to do with the coins since the church's financial obligations are measured in dollars. If he can't give you an intelligent answer about how he expects you to use the coins to help the church meet its financial obligations without converting them to cash, then you have 3 options:
Option 1: ignore his request, turn them in for cash and put the money in the general fund with the rest of the weekly tithe/offerings. After all, he gave the coins away, he no longer has control over how they're used. If he doesn't like how his offering is being used then he can stop giving.
Option 2: Simply return them. Explain that the offering is the opportunity for church members to contribute money toward the church's financial obligations. Since the coins aren't money and he doesn't want them sold for money he really isn't contributing money so you simply give them back and say no thanks.
Option 3: give them to the pastor and/or other church employees as a bonus to use toward their retirement savings. Then the pastor or employees have the option to save the silver or trade the coins for cash but either way you've honored the man's wishes.
First of all, banknotes say, "legal tender for all debts public or private." That does not mean that they put you into debt. He isn't really helping at all by giving you silver - especially if he insists it not be exchanged for cash. If you're trying to uphold his wishes, I would store them in an safe deposit box and cash them in once the situation changes. Otherwise, you could exchange them for a check and then deposit that check into a bank account. Contrary to popular belief, a bank account does not burn if you put a lighter to it.
Despite all the hype about "precious metals", you have inadvertently uncovered the main problem:
You can't buy anything with it until you turn it into cash.
I suppose you could barter it away for services or goods, but you're not going to pay the light bill with it.
Frankly - - I'd tell the guy to keep his hoard. He clearly lives by some distorted reality.
First off, this man is mentally ill... Please get him treatment. I know the church tends to poo-poo mental health services, but he needs it... He is disturbed.
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? Church Pastors Dismiss Mental Illness
http://www.livescience.com/health/081015...
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But I digress... The price of silver continues to increase and I have some small oz silver bars that my mother bought many years ago and I'm waiting until 1. I REALLY need the cash and 2. It looks like the silver market is about to go bust when it can't sustain the prices...
I would get a safe, install it in a wall somewhere that no one would have easy access to, and keep the coins, silver, whatever he gives you in there and keep an eye on what the price of silver is over the next few years.
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? Silver price per ounce today - live silver prices per ounce charts
http://www.silverpriceoz.com/silver-pric...
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? Gold, silver prices rebound on global cues
http://businesstoday.intoday.in/story/go...
Snapping its three-day losing streak, gold staged a comeback to close higher by Rs 80 to Rs 27,450 per ten gram in the national capital on Monday amid a firming trend overseas.
Besides, buying at prevailing levels by jewellers also supported the upside.
Silver followed suit and recovered by Rs 250 to Rs 41,500 per kg on increased offtake by industrial units and coin makers.
Traders said sentiments turned better after gold recovered from an eight-month low in global markets on speculation that reduced prices may spur purchases before the Federal Reserve begins a two-day policy meeting.
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Interesting question.
I think that if they can "not be traded for cash money", they are worthless. Unless they can be traded for goods and services, then I would understand. He wants to see a currency that is backed up by sliver. It would be nice if we could trade in silver, rather than dollars.
you start buying silver coins, you will need to know a few important things like:
1) The different types of silver coins there are.
2) What is the best type of silver coin to buy to suit your investment objectives.
3) How to safely buy the correct silver coin(s).
Once you give stuff away it's not yours anymore.
But if he doesn't want them "traded for cash money" how about trading them for Goods & Services?
~
Keep them if you want. Or exchange them, the whole "goods and services" thing you learned about in school, you know. Although, I think it was a poor idea to distribute pieces of silver at a church, considering the reputation.
put them in a safe in the church. Hold on to them for 1 or 2 years before deciding what to do with them.
There is a member at my church who always gives his tithe in silver coins or bullion. He does not give cash because "it burns if you put a lighter to it and says on it 'legal for debt'". He says he doesn't want to put the church in debt.
He insists on giving silver to the church as his tithe. What are some suggestions for our church to do with the silver coins he gives? He also insists they not be traded for cash money.
Make a silver coin wall in the church with a dedication in his name.
Keep them, they're rare artifacts.
If you're running out of money, sell them if you must.
I hold on to an indian rupee worth less than a penny because it's cool foreign currency you usually don;t see stateside.
~Aizen
the price of silver is very low right now, so if the church does not need the money that bad I would hold on to them.
Ignore his request and cash the silver coins in.
once he gave them to you - what you do with them became your concern not his. Silver is valuable- so I'd say hold on to them and see who would be willing to accept them as payment or sell them when you really need cash.
Hold them..silver is only $18, it was $50 a couple of years ago..with the way the world is going they can only go up..very little downside.
These guys among others buy them: https://libertymetals.com/silver/
Any metals/coin dealer will. They are worth about 20 bucks. If you think that will go up then hang on to them.
Distribute them evenly among the masses, it's what Santa Marx would do.
I'll trade work for silver or firewood.
That's good tell him to give more all clergy members need to live like Barons after all talking about magic tricks is very labour intensive work.
Melt them down to make a silver cross.
Silver represents the Mother-conciousness. Gold represents Father-conciousness
Don't feel bad taking this mentally ill man's goods? Your a bum, get a job.
Well, you could have them melted down and recast as an offering bowl or something like that. depends on how many of them you have.
Give them in exchange for goods and services that you value.
He is right.
Take them to your bank, cash them in and deposit them.
just save them
sell them dude
you can give them to me
