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Silver Still in Circulation???

Old 02-11-2018, 10:21 AM
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Default Silver Still in Circulation???

Anyone know how many silver coins are in circulation?

Have a sack full of quarters I'm gonna take to the bank so I decided to check em for siver.
Went through roughly 25 pounds.... not one in the bunch.
Many from the 60s but not one 64 or older.
Old 02-11-2018, 10:33 AM
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I have scrutinized every bit of change I have received in the last 20 years. In that time I have received 1 silver dime and 1 buffalo nickel. And a gazillion wheat pennies, which I diligently save even though I know they are pretty much worthless.

I think that stuff is pretty well cleaned out of the circulation, although I sometimes wonder if the CoinStar machine in Boca Raton gets some when the old folks clean out their couch cushions.
Old 02-11-2018, 10:35 AM
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I used to have some success with 1964-1969 Kennedy Halves which had some silver.
Old 02-11-2018, 05:11 PM
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The beginning of the end was when they started selling those little blue folders you filled up with pennies in the early 60s. That got people looking at their change and when silver went away people really started looking.
I managed to fill the penny book almost 100% just from circulation coins I talked people into letting me pick through (those penny jars everyone had). I only had to buy the 09 S VDB (about 8 bucks) and one or 2 others. I was really disappointed when I found out a filled up book was not worth the price of a new car or whatever the rumor was.
The strange thing is I bought a few 43 steel pennies for my grand daughter a year or so ago and they are only a buck or so, although you never see them in your change.
Old 02-11-2018, 05:31 PM
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Gresham's Law...last silver I found in change was probably 5+ years ago.
Old 02-11-2018, 06:07 PM
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I found a wheat penny in my change in my truck just the other day when I was picking the pennies out to use them up

I think the last silver coins I got were from back when I worked in a Cstore in the early 90s in college

I got a few back then

I may have gotten a silver quarter in some change in the last couple of years as well I can't remember......but I think in all the above cases they were not so much "still in circulation" as they were someone was broken into and or had their "collector coins" gone through by little thieving hands and then spent at the store and I was either the clerk to get them or the one to get them in change and happened to notice
Old 02-11-2018, 06:27 PM
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You can find them from time to time, but not so much leftovers. Kids ripping off grand parents, etc., and spending it as regular currency. I got three quarters from a car wash once. Definitely something fishy there. Had a beat up proof dollar a few months a go. One of the presidential, after Sacajawea's. Still a wheat penny now and then.
Old 02-11-2018, 07:03 PM
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Aside from their value in a personal collection what are the dimes, quarters and half dollars worth on avg?
Circulated of course.
Old 02-11-2018, 07:10 PM
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Originally Posted by vertigo View Post
Aside from their value in a personal collection what are the dimes, quarters and half dollars worth on avg?
Circulated of course.
http://www.coinflation.com/silver_coin_values.html
Old 02-11-2018, 07:29 PM
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Years ago you could find silver on a rare occasion. About 4 years ago I had an unusual find ,in Sebring Fl. ,I got an Indian head cent in change then about 2 months later I got one in Tallahassee. In my lifetime I had never gotten one in change before must less 2 in about 2 months.
Old 02-12-2018, 05:13 AM
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If you know what to listen for you can tell when someone drops a silver coin into your hand when making change, the silver coins make a different sound when they "clink". I have more than once knew immediately when someone gave me a silver coin mixed in with my change. That being said, I think the last one I got was about two years ago at a McDonald's.
Old 02-12-2018, 05:46 AM
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Well chit, thanks for the link.
The wife has a metric chit ton ( maybe a little less than that) of silver dimes, nickles, quarters and half dollars her father left her...
Old 02-12-2018, 05:54 AM
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During economic downturns you see them get put back into circulation. They dont last long as anyone with a half a brain can tell a silver coin pretty quickly.

I suspect that in the next 10 years as the babyboomers and the last of the great generation pass you will have your last real chance at a "collection" being spent.

I would love to see what gets turned into a coin star machine.
Old 02-12-2018, 07:39 AM
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Originally Posted by captbone View Post
I would love to see what gets turned into a coin star machine.
So taking a look at CoinStar's most recent 10-K (they are now called Outerwall, Inc. and own Redbox as well) reveals a few interesting tidbits:

1. They don't actually take in the coins

In addition, we rely on third-party service providers for substantial support and service efforts that we currently do not provide directly. In particular, we contract with third-party providers to arrange for pick-up, processing and depositing of coins, as well as to provide limited servicing of our kiosks. We generally contract with a single transportation provider and coin processor to service a particular region. We do not currently have, nor do we expect to have in the foreseeable future, the internal capability to provide back-up coin processing service in the event of a sudden disruption in service from a commercial coin processor. Any failure by us to maintain our existing coin processing relationships or to establish new relationships on a timely basis or on acceptable terms could harm our business, financial condition and results of operations.
2. The average transaction size

$47.38 across 70.76 million transactions, resulting in $88 million in net income

3. Canada

The Canadian decision to phase out the penny in 2012 has negatively impacted results

4. If you want to be a CoinStar style coin counting machine

Call up ScanCoin or Cummins-Allison Corporation
Old 02-12-2018, 07:41 AM
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Originally Posted by vertigo View Post
Well chit, thanks for the link.
The wife has a metric chit ton ( maybe a little less than that) of silver dimes, nickles, quarters and half dollars her father left her...

What is interesting is the spread on bulk junk silver from the coin dealers of the world (JM, Apmex, SD Bullion): for a while it was almost 17% above the spot price of silver; now on some days they sell junk silver at the spot price and typically 2-3% above. Consumer interest is severely down vs. the 2007-2013 period which is a reflection of economic optimism (as junk silver is a SHTF or doomsday acquisition for many).
Old 02-12-2018, 08:09 AM
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I had an auction last year and sold a bunch of coins, I had around 40 lbs of silver coins dating back to 1850 and 75 pounds of pennies. The auctioneer divided the pennies into 5 lb bags and the silver coins sold for the most part individually. I never added up how much the silver coins brought but the pennies with a face value of around $7.50 per bag brought a little over $18.00 per bag.
Old 02-12-2018, 08:15 AM
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Originally Posted by Istockpoga View Post
I had an auction last year and sold a bunch of coins, I had around 40 lbs of silver coins dating back to 1850 and 75 pounds of pennies. The auctioneer divided the pennies into 5 lb bags and the silver coins sold for the most part individually. I never added up how much the silver coins brought but the pennies with a face value of around $7.50 per bag brought a little over $18.00 per bag.

were the pennies full copper or were they wheat pennies?.....what made them more valuable?
Old 02-12-2018, 08:19 AM
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Silver coins like this?

My grandfather gave it to me year ago. I still carry it.
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Old 02-12-2018, 08:23 AM
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I got some change from a gas station a year or so ago, and 2 quarters and 1 dime were pre '64. I went back in the store and asked the woman to look at all the change in the drawer (because I was a collector for older coins ), and there were a handful of quarters and dimes that were silver. She swapped them all out for me, and probably had no idea about the silver content.

I think someone paid for gas with some rolled coins that had no idea what they were......I have another thought about how they got there too.
Old 02-12-2018, 08:35 AM
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Originally Posted by Insider View Post
were the pennies full copper or were they wheat pennies?.....what made them more valuable?
They were copper pennies with very few wheat pennies in them. What made them more valuable was it was an auction and more than one person wanted them.

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