My son has been coin collecting for about 6 months and goes through about $100 dollars a week in dimes from the bank, but has never found anything pre 1965. Has anybody else had any luck doing this? Any tips for ways to find pre-1965 silver coins without just buying them from shops.
Thanks
Silver dimes and quarters are getting harder to find in rolls due to both denominations circulate. That means they get out into the public and a lot of people who are not really collectors take them for the silver content. It seems that 1/2 dollar rolls are a better bet for 40% silver 1/2’s 1965-1970 as well as some 90% halves 1964 and before. 1/2 dollar rolls are usually too expensive for the younger collectors. Unless one really knows there coins, ebay is a place to stay away from for a lot of reasons. Roosevelt dimes are still not very expensive and it would not hurt to put a nice set of the silver ones together, but you will have to get them from a coin dealer. Also put a clad set together for some of them are getting scarce that can be done from change or rolls from the bank. Try to find dimes with nice strikes especially the torch on the reverse. Above all have fun.
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Yes, you can. It is not common, but every now and then you can find a quarter or dime. Just last month, I found a Mercury Dime in my husband’s pants change. Banks do not sift the silver coins out, they just roll and distribute them.
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I found a silver Roosevelt dime in a bank roll about 10 years ago though silver coins are not found too often. I once got a half dollar bank roll with 5 silver Kennedy halves (1 from 1964) and a Walking Liberty. Unless your bank charges a handling fee, there is no charge to search the rolls, so where is the harm in that?
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You can, but it’s rare, because people have been sorting through bank rolls doing the exact same thing since the mid-1960s, when the production of silver coins stopped. The days of putting together a set of silver coins out of bank rolls are gone.
You’ll probably do pretty well by buying bulk lots of dimes on eBay, going through them and building a collection that way. You’re going to pay around bullion price, maybe a slight premium above it, which is currently $1.23 per silver dime for Roosevelts, and the premium will be maybe 15% or so for Mercury. Any duplicates can be resold on eBay, where you’ll get around the same price per dime but lose maybe 10% on fees. You’ll come out a lot cheaper, though, than by buying individual coins from a shop.
References :
Silver dimes and quarters are getting harder to find in rolls due to both denominations circulate. That means they get out into the public and a lot of people who are not really collectors take them for the silver content. It seems that 1/2 dollar rolls are a better bet for 40% silver 1/2’s 1965-1970 as well as some 90% halves 1964 and before. 1/2 dollar rolls are usually too expensive for the younger collectors. Unless one really knows there coins, ebay is a place to stay away from for a lot of reasons. Roosevelt dimes are still not very expensive and it would not hurt to put a nice set of the silver ones together, but you will have to get them from a coin dealer. Also put a clad set together for some of them are getting scarce that can be done from change or rolls from the bank. Try to find dimes with nice strikes especially the torch on the reverse. Above all have fun.
References :
50 years a numismatist, Articles in weekly coin magazines as well as experence.