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Why So Few Silver Quarters

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fistfulladirt's Avatar
United States
4333 Posts
 Posted 12/28/2017  10:18 am  Show Profile   Bookmark this reply Add fistfulladirt to your friends list Get a Link to this Reply

Quote:
Back in the 70's my sister worked as a bank teller and she and her compatriots were culling silver daily from their tills. I suspect this was not an isolated occurrence and accounted for a large percentage of the consumer level silver pulls.
Back in 1979 Jimmy Carter was president of the US. We had interest rates of close to 20%, a recession, and many unemployed especially in the building trades. The big news in PM's was that the Hunt brothers were trying to corner the silver market, driving prices up. Full-page ads in the newspaper read "We Buy Gold and Silver!" Many were roll hunting and metal detecting. If I remember correctly, I spent around $200 back in '77 for a new White's Coinmaster II detector, big money for a 15 year old. I was roll hunting too but even then I didn't sell my finds (until later in the early 80's when I needed college money, and I sold at give away prices).
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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John77's Avatar
United States
2915 Posts
 Posted 12/28/2017  11:01 am  Show Profile   Check John77's eBay Listings Bookmark this reply Add John77 to your friends list Get a Link to this Reply

Quote:

I find them in Coinstar reject bins.


Same here, AarowsAndRays... though I usually find a lot more dimes in them than quarters. My epic Coinstar find of five days ago still has me pinching myself.

Via a tip from a friend, I did manage to find six in circulation locally at a Mexican fast food place a couple of months ago.
CRH Nickeloholic. 1,600,000 nickels searched in eight years! Have found FOUR complete Jefferson sets!
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