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Prospecting for 90% silver coins.
Are any of you prospecting for 90% silver coins? There has got to still be a lot of them out there in circulation. If so, how are you doing it? My wife use to count money for a department store and she could tell just by the sound of the coin. I just spoke to a guy who has a machine he invented that can sort silver from clad.
If a person who works with a lot of change could go through it looking for the silver, he or she might make out well still. |
Re: Propecting for 90% silver coins.
Not too long ago I started buying rolls of halves at the banks. Not much 90% left in them. Out of about $800 worth I found about 12 90% and 120 40%. Sometimes struck out and other times hit the jackpot.
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Re: Propecting for 90% silver coins.
I haven't found a silver coin in my change in years......last one I found was a 59 quarter that looked so good, I figure some kid raided it out of daddy's collection for soda money.....and we usually roll a couple hundred in coins every 6 months or so from the 'pocket' change bowl that pants pockets get emptied into.
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Re: Propecting for 90% silver coins.
ive got $200 of coin in a can right now... im going to count it and see how many i find... lol
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Re: Propecting for 90% silver coins.
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I am surprised the numbers were that high, though by the number of 40% halves I receive in change, maybe this is plausible. Based in your numbers, this beats the hell out of sorting copper pennies -- I could go through $800 worth of halves in a few minutes. Sounds as if it's worth the time to buy halves and go through them. I think that dimes would also be a good bet, because they're small enough that their composition doesn't stick out immediately. I have found a few 90% dimes in my change over the past decade -- maybe 5 total. |
Re: Propecting for 90% silver coins.
The fun part is the look on the tellers face when you ask for 10 rolls of halves. Some of them did not even know how much a roll of halves was.
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Re: Propecting for 90% silver coins.
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Almost every teller that I see is glad to get rid of the coins too. I get a yield of about 1% so your yield is fantastic. 65GT350 |
Re: Propecting for 90% silver coins.
Yes..Anywhere you go ask if the attendant/cashier/bank teller/ whoever is giving you any change if they have "Any of those old silver dollars by chance?"....youd be suprised how many kids(imo) bring them in to cash them in for frds or to buy a burger or burrito or whatever. It is hit and miss..but worth it when ya hit!
Ps I bought this little pile on ebay the other day..hehehhehe |
Re: Propecting for 90% silver coins.
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Re: Propecting for 90% silver coins.
It's been more than 40 years since 90% coins were taken out of circulation. IMO the only ones that may occasionally be found are those that kids steal at home from their parents and grandparents, and small-time "crack-head" type theives steal from the homes they break into. The kids and the twisted brain addicts aren't knowledgable enough to know they have something that will sell for more than face value at the right places.
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Re: Propecting for 90% silver coins.
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But whenever I find old silver dollars (very, very rare, 2 times in past 3 years) they seem to have come from a young man so I have to assume that he was a "crack-head". 65GT350 |
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Re: Propecting for 90% silver coins.
I used to buy a few hundred dollars of halves at the bank every week or so.
Never found enough to make it worth it. The above who has found 12 and 120... WOW! You must have found a freshly rolled stash from grandpa shoebox. THats not the norm I see |
Re: Propecting for 90% silver coins.
I thought of going down to atlantic city few x and buying rolls of half dollars and doing that.
its only 50 miles from were i live. last time i was down there was last july went to the showboat buffa |
Re: Propecting for 90% silver coins.
The "prospecting" has gotten very hard lately-I find very few. No bank I've been to even has silver dollars-just Susan Bs and Sacajaweas. I just go for half-dollars. The number of prospectors has grown, too-one bank I went to said they give all of theirs to the same guy every few days. so when I have a large batch I've sorted through I try to drop them off there. :D
Has anyone else noticed how many tellers seem to be utter ninnies? |
Re: Propecting for 90% silver coins.
I put an X on the roll when I turn it in... Keeps me from getting the same roll back like has happened.
I try to buy at a few banks and sell at a few others. Still not very successful. I think those days are over |
Re: Propecting for 90% silver coins.
I seem to have better luck finding 90% when I get the rolls from the banks that are in grocery stores. I also seem to have better success saying that I am using the halves for poker. More often than not they will go around and collect the halves from all the tellers.
65GT350 |
Re: Propecting for 90% silver coins.
I was out MDing today. My haul-12 cents clad and a boat load of pull tops.
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Re: Propecting for 90% silver coins.
The other day I was thinking how great it would be to run one of those chainge machines you find at supermarkets, where people come in with their loose changes and pour it into a machine which sorts it and gives them cash or a receipt they can use to buy stuff in the store.
I imagine people coming with change from their house is more likely to contain silver then directly from the bank. Alas, I don't have a location I can put one of those machines (assuming I can get one) where people could use it... They wouldn't want to do that coming into my basement, afterall. :haha: |
Re: Propecting for 90% silver coins.
My local bank branch doesn't normally carry halves, but I asked if they could get some for me, and they say they can. Only problem is that they come in boxes of $1000 face. (I calculate that weighs about 50 lbs.) I won't be able to get them for about a week, but after I go through them I'll try to remember to post the results here!
About 10 years ago I went through a period of unemployment. My parents used to go to casinos then, and I would sometimes go along. Since I wasn't a big gambler, I would sometimes trade in for $100 in halves and go through them. I did this about 3 times, and I remember getting 1 90% and about 7 40% before deciding it wasn't worth my time. Of course, silver was much lower then, too! I think I see a little more silver in circulation now that prices are higher. This seems counterintuitive. I have a theory that in periods like the past few months when we've had a run up in silver, people tend to break out their hoards from their hiding places and look through them to see how much their hoard is worth, but maybe they leave the collection out. Then children or grandchildren (or crackheads) come in and run off with some of these coins. |
Kids and crackheads and...
I'd bet that $3+ gas a lot of people are dipping into their coin jars to fill the tank, and not looking at them beyond their face value.
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Re: Propecting for 90% silver coins.
The casinos in Atlantic City don't use coins anymore. They accept FRNs & give out paper receipts you can turn in for FRNs.
I brought a few hundred nickels to AC a year ago and found out I couldn't use them. |
Re: Propecting for 90% silver coins.
I bought a $1.50 soda at some place in town. I paid the teenage cashier with a dollar bill and a S.B.Anthony.
She looks at it and goes "What's this?" "That's a dollar coin" "Woah, that's so cool." "Yeah, welcome to 1979." I was cranky because I was paying $1.50 for a soda. Most people, cashiers even, have no idea about coins. You can get a feel for it after working for a while, that's really only if you care to. I can get handed a quarter in my change and I'll notice if it's new. I bet most people wouldn't know what coin you handed them if they had their eyes closed. I'm not surprised there is still some silver around. I've found a silver dime once, and a buffalo nickel in my dad's change jar. I made fun of him because that meant he had gotten it in his change, put it in his pocket, pulled it out and put it in his bowl, the poured it from the bowl to the jar and never noticed. |
Re: Propecting for 90% silver coins.
I found a 1964 quarter in my change about 6 months ago. I heard it the second the girl handed me my change. What a lovely ringing sound! Other than that, a silver war nickel almost a year ago, is all I can remember scoring in quite awhile. I bought a $1000.00 face bag of 40% from CNI about 6 years ago. They put their own seals on the cloth bags. If you don't remove them, when you return to sell them back, they don't even check the contents. Anyway, I wanted to see all of those Kennedys in a pile! I went through all 2000 coins, and found only 3-90% halves out of the bunch. Also found one clad bicentennial half!
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Re: Propecting for 90% silver coins.
I like to pay with non-common sizes.
I bought something for $3.25 at a grocery store. I handed the cashier: $2 bill $1 coin, Ike dollar $0.5 coin, kennedy half She had to take it to the manager to see if it was money. |
Re: Propecting for 90% silver coins.
Hi all, new guy here.
Had to use a Laundromat the other day, and noticed that they use bill changing machines that spew nothing but quarters. I overbought, and passed what could have been an incredibly boring hour, prospecting! Cool site, Cheers! |
Re: Propecting for 90% silver coins.
I have found very little silver coin in the change but with a few friends in the banking sytem I get some now and again. Got a nice call for $152 silver, mostly Morgans, Walkers and Kennedy, some 40%. Sometimes you feel bad though when you know that it is from the lady who just opened her box and wanted FRN?!? Who wants that! Also know that the melters are getting a lot. They paid 8 * face to someone I am buying collectibles from.
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I always check the dates on any change I get. Found a 1966 and 1965 dime the other day. So close and yet so far. :( |
Re: Propecting for 90% silver coins.
I come across 1965 dimes and quarters all the time. Only thing I'm getting to pull out of change these days for keeping is pre 82 pennies. The rest of the stuff I'm just putting in rolls to be used for PM purchases.
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Re: Propecting for 90% silver coins.
i bought $150 worth of halves from a bank in town. all i found was 1 1968 kennedy and a 5 franc swiss coin. the 5 fr was a perfect match in size for the US half. it's worth about $4. i wonder if the bank will be able to change it for me?
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