OK, by now you’ve probably heard the ad for this. How does this work? Being able to get silver from selected banks around the nation. Anyone research this? I don’t want to listen to an hour long advertisement only to find out I have to pay for the information.
Here is the deal. You ask the bank for half dollars which typically do not circulate. So they keep them in their vaults as people turn them in. You ask if they have any and then trade for paper. Then sort through them for the possible 40% halves or maybe a 90%. Good luck. I tried $100 worth at my bank, but someone probably beat me to it.
I have also been sorting through rolls of halves from the bank.
Seems as though the half dollars have all been gone through already, though, as I have yet to find a Silver half inside a roll. (However, the satisfaction of seeing the annoyed looks on the face of cashiers when I spend them makes this all worthwhile!)
Mammoth That’s what I heard. Coin rolling for the 1965 to 1970 40% silver halves is the insider tip I’ve seen a few times. I do not recall going in to a bank and asking for $500 in 50 cent pieces to check for 90% or 40%. Maybe some day in the future when it’s worth the time but not now
Mammoth that was the story I heard too. Some guy bought $500 in $20 rolls. Once he had looked through he found 14 1965-1970 halves. Plus a 1964 E type Jag, Jummy Hoffa and the treasure of King Tut. Of course I’m exaggerating about Tut and the Etype LOL Sumkid is a fanatic about coin rolling and he’s made some good finds. Ah, the vigor and patience of youth. How ya doing Sumkid? Anything new north of the border?
You have to do tons of searching through a lot of rolls of coins to find silver. In the USA, nickels, dimes, quarters and halves are available. The dimes are your best bet! In Canada, you have to go through 250$ in dimes (a box of dimes) to only find one silver dime. I never had luck with quarters except I only got two silver quarters for face value. The first quarter, I got it from a store when I asked the owner if he had any old coins (1943). The second one was from a bank where I dump my searched coins. The teller knew my intention and she exchanged me a silver quarter (1964). Also, if you coin roll hunt too much, the banks are going to start charging you, the banks where you pick up will ran out of coins and you might also search through your own already-searched coins without being aware. If that happens, take a break of at least one week or in the meanwhile, search other denominations such as quarters.
@AGXIIK I’m doing well with coin roll hunting. I do one box of dimes per day and get at least one silver dime since vacation has started. So far, I found nine silver dimes in one week. Now, the big majority of the banks ran out of dimes so I’ll take a break for a week until there are more dimes.
I also kinda have harems of banker women who know that I search for old coins but they don’t know that they are silver except for one lady. This one lady gave me a silver quarter in change.
Anything new north of the border? This is a great victory today for us in Canada with long guns! See the news article below!
The bad economy and VASTLY larger number of “Weak Hands” keeps the silver popping up on a regular basis. A nicotine or alcohol addicted person is likely to shell out whatever change they have for a “hit” and these places are the best too look. The gas station cashiers are all pretty smart about Silver though… but not all are that smart. Some hold, some sell. Like Stackers LOL!
You guys have no idea how outrageous it is that silver still shows up in circulated money there.
Here in The Netherlands, silver coins were swapped for nickel in 1966-1967. I was born in 1976 and never a silver circulated coin until I started buying junk in June 2012. It just left our circulation really quickly, and certainly didn’t survive 1980.
How much coin rolling would have happened in 1979-1980? How could you guys until recently still have productive coin rolling? Baffling…
There are no ‘silver’ nickels. You may be referring to 1942-1945 Jefferson nickels which contain 35% silver. I’ve found these pretty common compared to other silver coins. You’re best bet is to stop in local stores (grocery stores, etc.) and ask for rolls of quarters, dimes, nickels. Pretty sure most banks don’t send out silver in their rolls. Stores like that might take in coins from customers which might turn in silver. A few years ago my washer broke so I stopped in my local grocery store and asked for $20 in quarters to do laundry. The one roll had over 20 pre-64 quarters in it. I figured probably some senior citizen might have exchanged it or some young teenager stole change off his grandparents and exchanged it. Since then if I have extra cash I’ll for rolls just to check. Haven’t had a find like that since though.
If any silver coins show up in circulation, I think it’s most likely kids who steal Mom’s or Dad’s keepsake coins out from under their bed. I used to own a large route of pay phones, and searched through thousands upon thousands of dollars of US dimes and quarters for years. Never found a single silver coin. About 4 years ago, I was tending a friend’s Coke machine in a low income apartment complex. There was a coin jam inside, and behold, there was ONE Roosevelt silver dime, nestled in among the steel washers and slugs the kids put in there. That’s it: ONE silver dime in all those years of pay phones and vending machines.
But cheer up. You might get lucky searching through rolls of coins. Lots of luck with that.
Did some hunting last year to try it. Got 4 rolls of halves. Second roll I took the paper off, flipped it on it’s side and wouldn’t you know it; a solid silver edge. Took it out and got a 1908 halve. I was shocked beyond belief. Went back a few more times and nothing. Teller told me they have at least one other guy doing it too.
Like was said, time is money and I eventually stopped – just too many other things to do. By the time I drive to the bank, get things home, unroll, search, etc I could have ordered a few ounces and gotten back to cleaning my prep’s, etc, etc.
" I'm curious if anybody thinks the fact that mint coins have a face value is a benefit when transporting them across borders? (eg: Are you transporting more than $10,000 in currency? Nope, currency value is xxx)
I also find the idea that the mint should defend against counterfeiters since it ... "Reply To: How off the mark am I? Or am I?
" Xizang, that's why I included the word 'circulated.' Every single circulated coin has its own unique wear, while the chinese fakes are new.
I would not trust any graded coin in an NGC, PCGS or other holder - THESE are being faked in china also. At least with a loose coin you can weigh it and... "Reply To: How off the mark am I? Or am I?
" hi KLAMMERN!
Welcome to SD.
Tons of good advice in here, but I'd just add this:
Don't get too caught up in SELLING Silver, as in move a large amount of stack in hopes of buying
more, as the price could jump in the interim. But trading up is a safe deal. It can be done as oth... "Reply To: How off the mark am I? Or am I?
She does deserve it, thats a fact. I have come up with a plan. Ordinarily I wouldnt discuss this, but I think i hit on a good one. A new bathroom vanity has about 3" of space under the interior of the... "Reply To: What the hell do I do with it
" "Which is the better deal? One full ounce of pure silver – or only .77 ounce of silver mixed with copper? Gee, don’t take too long thinking on that one."
I would be suspicious of fake Mint coins and would have more faith in a circu... "Reply To: How off the mark am I? Or am I?
" Use a core drill to make holes in your wooden bedposts. Fill the holes using part of your silver stash, and then put a stained wooden plug in the opening. No burglar would even think of looking there.
And as an added benefit, when you are giving the Missus the nightly pounding she ... "Reply To: What the hell do I do with it
" Why? Are you wanting to pollute our forums by copying and pasting huge blocks of text into them, like you did on the Currency & Silver reference in Captain America: The Winter Soldier thread?
How about instead writing your own thoughts and just posting a link? "Reply To: Welcome To The Silver Forum
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