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USA Coins Out Of Circulation

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Australia
16836 Posts
 Posted 09/26/2012  5:56 pm  Show Profile   Bookmark this reply Add Sap to your friends list
In America there is, however, a difference between "able to be used in circulation" and "actually commonly found in circulation", which is what Sheencrofter is probably more interested in. Ike dollars from the 1970s, for example, aren't commonly seen in circulation, and never really have been - but with minimal effort you can still obtain them for face value and use them (and there are forum members who like to go out and spend them, just to see the look on people's faces).

So, for "not commonly seen in circulation", you've got:
- cents prior to 1959, though pre-1982 (copper) cents are getting harder to find too
- 5 cents prior to 1960 can be hard to find, but you won't get much of a premium for one unless it's a silver wartime coin (1942-1945).
- dimes and quarters prior to 1965 are silver.
- half dollars are never seen in circulation anymore; they've stopped making them except for collectors.
- all kinds of dollar coins are rarely seen in circulation, though it's not too hard to get the post-2000 issues for face value.

People that actually live in America, please feel free to correct me.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
Bedrock of the Community
13014 Posts
 Posted 09/26/2012  6:00 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list

Quote:
Ike dollars from the 1970s, for example, aren't commonly seen in circulation, and never really have been - but with minimal effort you can still obtain them for face value and use them


I cant find them at any banks around me. Never even gotten 1. I know some members get lucky with them, seems to be all about location as to whether or not you can find them
Pillar of the Community
United States
2734 Posts
 Posted 09/26/2012  6:14 pm  Show Profile   Bookmark this reply Add DNA to your friends list

Quote:
So, for "not commonly seen in circulation", you've got:
- cents prior to 1959, though pre-1982 (copper) cents are getting harder to find too
- 5 cents prior to 1960 can be hard to find, but you won't get much of a premium for one unless it's a silver wartime coin (1942-1945).
- dimes and quarters prior to 1965 are silver.
- half dollars are never seen in circulation anymore; they've stopped making them except for collectors.
- all kinds of dollar coins are rarely seen in circulation, though it's not too hard to get the post-2000 issues for face value.

No one in the U.S. could have explained this any better!

U.S. Light Rail mass transit systems use $1 coins for fares, so in areas with light rail service, those coins may be slightly more common in cash registers. Note that U.S. cashiers will never hand out $1 coins in change to customers, unless specifically requested. Therefore, I regularly ask cashiers if they have any $1 coins (if they do, they are always happy to trade them for paper notes.)
Valued Member
United States
461 Posts
 Posted 09/26/2012  8:39 pm  Show Profile   Bookmark this reply Add sirdizzy to your friends list
I know a bank up the street from me that gets Ike dollars in all the time, I like to buy them and recirculate them or give them to kids. I have recirculated like $20 worth the last month or so and I got them at face value. I kept 4 of them just for me for fun.
Bedrock of the Community
United States
20753 Posts
 Posted 09/26/2012  8:43 pm  Show Profile   Bookmark this reply Add just carl to your friends list
Part of your problem is not knowing a lot of the mintage details of our coins. I suggest you look into the purchasing of the Red Book by Whitman Publishing. A book like that will give you quantities minted and a sort of value. Although most would say the prices in that book are very excessive.
Valued Member
Ireland
201 Posts
 Posted 09/27/2012  08:59 am  Show Profile   Bookmark this reply Add Sheencrofter to your friends list
Two points I need to reply to here.
Sap, what you have posted is exactly what I needed to know. And as DNA says, it could not have been explained better.
Many thanks for taking the time.
Just Carl, re the Red Book.
When I read your post I could hardly believe it.Last weekend I was out selling at a fair when a customer who has bought a few coins from me came up and gave me a Red Book by Whitman. Admittedly it is dated 1973, but there is so much info there, it is just what I need.
Many thanks to both of you.
Sheen
Pillar of the Community
United States
1227 Posts
 Posted 09/27/2012  10:31 am  Show Profile   Bookmark this reply Add ninamason to your friends list
Sheencrofter, I'm a cashier and I feel the need to correct a couple of things:

--SOME clerks will hand out dollar coins (I do). However, many people will not accept them, so their circulation value is nil.

--Half dollars are, in fact, seen in circulation. I bought four of them from my drawer to re-use just this week. They're just not common.


And finally, I spotted a 2006 Red Book on the Bay yesterday for five bucks. You might want to pick it up if it's still there.
Pillar of the Community
United States
1704 Posts
 Posted 09/27/2012  12:23 pm  Show Profile   Bookmark this reply Add Gyrene7483 to your friends list

Quote:
there are forum members who like to go out and spend them, just to see the look on people's faces

In the last month I have acquired 34 Ikes from two different banks, 14 from one and a roll from another. In the roll was a counterfeit piece. This one was purchased by Steve Caruso. I still have one left to spend.

I have stopped spending one dollar bills. I use the dollar coins, IKes, Susan B. Uglies, presidential and Sacagaweas and the Kennedy half dollars instead. The dollar bills I get in change or where ever I save and turn them in to the bank for coins.

At the flea markets I go to when I go to give someone a dollar coin and they don't want it I tell them I don't have any bills and that's all I have so they reluctantly take the coin. I haven't had anyone drop their price so they wouldn't have to take the dollar coin(s) or have anyone flat out refuse to take any dollar coins yet.

Ed
ANA LM-3175
Pillar of the Community
United States
2224 Posts
 Posted 09/27/2012  1:14 pm  Show Profile   Bookmark this reply Add copper nickel daddy to your friends list
I think most Ikes are sitting in bags at the Fed. And it is frustrating because as a roll searcher it is pretty much impossible to order them. Try ordering a bag of dollars from your bank and you will always get a bag of small dollar coins. There is no way under the current financial exchange system to get the point across that you want to order LARGE dollar coins. I have heard of a few people here in the Forum that have succeeded at this, but I know I never have. Many tellers understand what you mean, but "The Fed" does not.
Bedrock of the Community
13014 Posts
 Posted 09/27/2012  2:09 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list

Quote:
Half dollars are, in fact, seen in circulation. I bought four of them from my drawer to re-use just this week. They're just not common.


They seem to be a lot more common in the south west since you get people spending them from the casinos. Most places you wont ever see them but it does happen. A lot is just location
Valued Member
Ireland
201 Posts
 Posted 09/27/2012  2:26 pm  Show Profile   Bookmark this reply Add Sheencrofter to your friends list
Thanks for the info Ninamason
Pillar of the Community
United States
2734 Posts
 Posted 09/27/2012  7:42 pm  Show Profile   Bookmark this reply Add DNA to your friends list
I bet ninamason gets some interesting reactions from people who don't recognize Dollar coins. The only place where I've been handed Dollar coins in change by a cashier (without my asking for them) was the Denver Mint Gift Shop.

They always had BU business strike Dollar coins in their cash drawers, until Joe Biden's hammer came down in late 2011.

Quote:
Half dollars are, in fact, seen in circulation.

One of my Half-Dollar hunting friends spends his common-date clad Halves at grocery stores, to avoid the usual "dump bank" issues.
Pillar of the Community
United States
1227 Posts
 Posted 09/27/2012  9:49 pm  Show Profile   Bookmark this reply Add ninamason to your friends list
DNA, occasionally I get people who wrinkle their noses and ask for "real" money. The rest are split pretty much evenly between charmed fascination, "What's this?" and then acceptance upon explanation, and tucking the coins neatly away without a second glance (these aren't all regulars, either--there are apparently folks out here who just know and accept the coins as well as the bills).


. . . oh. Also a small but significant set of older folks who remember the last days of readily-circulating Peace dollars and silver certs, who are actually outright happy to get these coins because it reminds them of "the good old days."
Valued Member
United States
461 Posts
 Posted 09/27/2012  11:51 pm  Show Profile   Bookmark this reply Add sirdizzy to your friends list
I have never had trouble spending dollar coins, I spend them all the time normally I get the cool reaction when I spend and am pretty sure the clerk might be buying them out of their till after I leave. My bank orders them in just for me because I buy $16 worth every single monday (my check is an odd amount of $16 so I always get $16's worth).
Pillar of the Community
United States
613 Posts
 Posted 11/19/2012  12:14 pm  Show Profile   Bookmark this reply Add billymac11 to your friends list
I'd love to get Ikes, but my bank never has them
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