Pre-64 silver
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I just rolled up some pennines and found a 1935 and a 1950 wheat pennies.
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I saved up my change for about a year and half. When I went through it I found no silver coins I was disappointed. I'll stick to purchasing silver eagles.
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I've never really actively bought silver. When I was a kid I bought 2 silver eagles and a morgan at a flea market for 20 bucks, but all the rest is just junk silver. I work retail and I am always keeping my eye out. It's amazing to me how much of it is in circulation. I have15 rolls of pre 65 nickels and 2 rolls of dimes, about 2 dozen quarters. I once had a customer change in 3 rolls of half dollars, I cracked them open and 3 were silver coins. It's fun. I tell my cowrokers it's going to be the only currency allowed when my militia takes over the country.
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Just so you know .... the only US Nickels with silver were made from mid-1942 to 1945.
All the rest have just Nickel and Copper.
http://en.wikipedia.org/wiki/Nickel_%28United_States_coin%29
All the rest have just Nickel and Copper.
http://en.wikipedia.org/wiki/Nickel_%28United_States_coin%29
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I don't do enough shopping to get much change, but I did get a pre '65 dime last fall and the occasional wheat back penny. Last summer I rolled up my piggy bank and did about $800 which did help fund a $1000 face value bag of junk silver.
Finding silver coins in circulation only come from people raiding their piggy banks and coin collections so it will be rare.
Finding silver coins in circulation only come from people raiding their piggy banks and coin collections so it will be rare.
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Okay I rolled up $20 face value of misc coins, pennies, nickles, dimes, a couple of half dollars, just misc coins...it ends up weighing about 4.5 pounds. that works out to about $ 4.44 a pound. Now I'm gonna trade that in for a twenty dollar bill, then go buy a Canadian Maple leaf $ 5.00- 1oz silver bullion coin.
I figure silver's price is approx..$18.50 x 16 oz's = $296 a pound.
Copper is worth about $3.00 a pound.
So which would I rather have ?? A pound of copper or a pound of silver ??
I'm choosing silver as it has a better chance of rising in value.
I figure silver's price is approx..$18.50 x 16 oz's = $296 a pound.
Copper is worth about $3.00 a pound.
So which would I rather have ?? A pound of copper or a pound of silver ??
I'm choosing silver as it has a better chance of rising in value.
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250 Posts
That's not true. During wartime when silver was less valuable than nickel, they altered the formula making then around 50% silver, otherwise they had a 20-30% silver content
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I have found 2 pre '64 quarters in the last 10 years. I have found 5 Susan B. Anthony dollars that were mistakenly passed on to me as quarters.
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Better start doing some checking there...
ONLY the wartime composition 1942-1945 nickels had silver content. There is NO silver in any other 1938 to date nickels. Check any coin site or dealer.
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I went to the coin store this morning and found a 1 oz silver 2001 Austrailian Kookaburra, so I bought it, just to have in the collection...
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>Finding silver coins in circulation only come from people raiding their piggy banks and coin collections so it will be rare.
I find one or two pre-65 dimes or quarters a year. Almost all look like were just minted. I have a theory about why these gems turn up from time to time.
Here goes my theory.
Little Timmy the teenager is a punk. Timmy has a sweet old grandma who was kind enough to take in Timmy and his piece of trash mother Sueann who got evicted from yet another home. Sweet old granny's husband and father and grand father to Timmy and Sueann knew enough to stash pre-65 coins when they quit being made of pure silver. He filled up as many socks as he could afford back in the day. Like I said Timmy is a punk and has no problems stealing from granny so while Sueann take granny for a doctors visit Timmy rifles thru grannys dresser drawers. Timmy steals these silver coins 4 or 5 bucks at a time to buy smokes.
They stay in circulation long enough for someone to realize what they are.
And there you have it.
McLOVIN
I find one or two pre-65 dimes or quarters a year. Almost all look like were just minted. I have a theory about why these gems turn up from time to time.
Here goes my theory.
Little Timmy the teenager is a punk. Timmy has a sweet old grandma who was kind enough to take in Timmy and his piece of trash mother Sueann who got evicted from yet another home. Sweet old granny's husband and father and grand father to Timmy and Sueann knew enough to stash pre-65 coins when they quit being made of pure silver. He filled up as many socks as he could afford back in the day. Like I said Timmy is a punk and has no problems stealing from granny so while Sueann take granny for a doctors visit Timmy rifles thru grannys dresser drawers. Timmy steals these silver coins 4 or 5 bucks at a time to buy smokes.
They stay in circulation long enough for someone to realize what they are.
And there you have it.
McLOVIN
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1,794 Posts
Very true.Better start doing some checking there...
ONLY the wartime composition 1942-1945 nickels had silver content. There is NO silver in any other 1938 to date nickels. Check any coin site or dealer.
It gets a little more complicated as the law creating the composition change to include silver was made late in the year 1942. Tens of millions of 1942 nickels were minted in the months before the change. As a result, some 1942 nickels contain no silver and some do. The key is the large mintmark on the reverse. Those that do have silver in their composition.
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Sounds like a very correct theory to me, either that or Crack addict breaks in and steals the roll of dimes or quarters and buys smokes or beer with them
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My friend at work said her grandson stole her stash of silver coins to buy comic books.
But there was another case here in FL where someone use $2 and change in silver coins to buy some chips at a 7-11. That attendant reported it to the cops and they investigated to see if any theft happened with those coins.
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