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Turning Change To Silver

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First Page  Showing last 15 replies.
Author Previous TopicReplies: 26 / Views: 3,049Next Topic Page 2 of 2
Valued Member
United States
360 Posts
 Posted 12/08/2012  11:13 am  Show Profile   Bookmark this reply Add YoungNumismatist to your friends list
If your getting it for the silver value then I would just get some generic silver bars or rounds. I mean, they have an extremely low premium, if any, and the ASE's have a sorta high premium. Anyway, that is just coming from a newbie.
Pillar of the Community
United States
2130 Posts
 Posted 12/08/2012  2:49 pm  Show Profile   Bookmark this reply Add chris12018 to your friends list
That's a good way to save. I do that also. I also save all paper money denominations that have 3 or more of the same digit in a row ex: 888, 444 and any early notes that start with 00. I saved a few grand in about 8 months that way.
Edited by chris12018
12/08/2012 2:55 pm
Valued Member
United States
386 Posts
 Posted 12/08/2012  5:44 pm  Show Profile   Bookmark this reply Add blackjack to your friends list
Wow, chris!
So, I cashed in my dimes and quarters for $155 and went to the coin store. Picked up four silver eagles and a raw MS63 Mercury dime, 1943 D, FSB. It's been a good day.
(My coin guy said he put away some MS64+ Morgans for me to look at. But I kept to my game plan today.)
Pillar of the Community
United States
1088 Posts
 Posted 12/08/2012  6:23 pm  Show Profile   Bookmark this reply Add stud722 to your friends list
Awesome idea Blackjack. I also put all of my pocket change in a mason jar. I have been keeping most of it in a safe. I am always afraid that I am going to cash in some awesome variety that I am not aware of yet because I am new to most US errors and such. I have probably 8 large butter containers, 6 mason jars, and some smaller containers or all nickels, dimes, and quarters. I have checked them all for silver, but I am always thinking "what if there is some good errors in there?" I have yet to just cash them in and buy some silver or other coins. Just my two sense
Valued Member
United States
386 Posts
 Posted 12/08/2012  7:01 pm  Show Profile   Bookmark this reply Add blackjack to your friends list
Yeah, stud. Break it down for yourself. Maybe go through a portion of what you have and let go of the coins that aren't doing anything for you. I was hoarding my coins until I thought about the fact that I don't have nearly the amount of silver I wanted to get this year. I'm thinking of letting go of some $2 dollar bills, my zinc pennies and half of my nickels. What are they doing for me? Get some more ASE's that I wouldn't normally have. On paydays, I'll continue to go for Morgans. I just want to stay focused on my priorities.
Pillar of the Community
United States
1088 Posts
 Posted 12/08/2012  7:06 pm  Show Profile   Bookmark this reply Add stud722 to your friends list
blackjack, quick question. Are there a set of varieties or errors that you normally look for in pocket change? What is the best literature to get for this? I have the RedBook, krause, etc. I do not have the strike it rich with pocket change.
Valued Member
United States
386 Posts
 Posted 12/08/2012  9:19 pm  Show Profile   Bookmark this reply Add blackjack to your friends list
stud, there are members here who can answer this much better than I can. I'm a little ashamed to say that I haven't been a good student of varieties and errors. I just do the basics and that's not a very good answer. But I want to answer you here, even at the risk of exposing my shortcomings.
A few years back I read a lot of literature about pocket change and bought the Srike it Rich book. That book wasn't worth the money, I felt. There's so much literature to be had for free. But I was actively looking at change, still am, especially the State Quarter series and Lincoln pennies. In all change, I look for the basics: doubling, overstrikes, mules, mintmarks, silver War Nickels, wheaties, etc., and anything that looks odd and out of sorts. But I have to say that in several-years' time, I've been rather unlucky or not very good at identifying things like small-date Lincolns. I keep looking for the above, however, and silver, of course.
I've had the most luck in finding Roosevelt and Mercury silver dimes and Franklin and silver Kennedy halves by looking at my change, asking bank tellers about their half-dollar and dollar coins, and by checking Coin Star machines every time I'm near one. I like the bicentennial quarters and halves you can find in change or at the bank, though if they're not silver, I guess there's only a sentimental and aesthetic benefit to them.
I'm remembering some finds as I write this. I did find a New Jersey State Quarter with a missing letter and I will have to try an dig that out to see which letter. That was exciting. And there's another State Quarter I have--North Carolina--with a reverse that looks like it was struck in several directions. I'm sorry to sound so dumb here, but I stopped collecting for awhile and stopped thinking about all of this. I started collecting again early this year.
Valued Member
United States
158 Posts
 Posted 12/08/2012  10:30 pm  Show Profile   Bookmark this reply Add Roscue2 to your friends list
My Dad does this, and by the end of the yr he usually has a couple of jars full. I don't necessarily save my change, but my metal detecting change I find I save for the end of the yr and then spend on md gear.
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United States
1088 Posts
 Posted 12/09/2012  12:39 am  Show Profile   Bookmark this reply Add stud722 to your friends list
Thanks for all of the info blackjack. you didnt sound dumb at all. your answer helps me out a lot. good luck on your future variety and error finds!
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United States
1088 Posts
 Posted 12/09/2012  12:43 am  Show Profile   Bookmark this reply Add stud722 to your friends list
I think it is time to start going through the change buckets one by one. Cash in the normal, and buy some silver!
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United Arab Emirates
557 Posts
 Posted 12/09/2012  12:52 am  Show Profile   Bookmark this reply Add BLadd to your friends list
Stud, good books to check out are CherryPickers' Guide to Rare Die Varieties of United Sates Coins by Bill Fivaz and J.T. Stanton. There are two volumes; Vol I lists Half Cents to Jefferson nickels and Volume II lists Half Dimes through dollars, golds and commemoratives. These are helpful and detailed and will definitely compliment striking it rich with pocket change.
Edited by BLadd
12/09/2012 12:54 am
Pillar of the Community
United States
1088 Posts
 Posted 12/09/2012  4:14 pm  Show Profile   Bookmark this reply Add stud722 to your friends list
thanks for the book ideas bladd. I will have to check into them!
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United States
1721 Posts
 Posted 12/09/2012  5:20 pm  Show Profile   Bookmark this reply Add mds308 to your friends list
blackjack,

You can add the metal valued silver coins you pick up in your travels or roll hunting. Silver dimes or other denominations. Save these for future trades. You may be able to get an ASE with a small amount above the silver value of your silver. Unless of course you save all your silver coins regardless of the coin. Notice I didn't type 'irregardless?'
Valued Member
United States
386 Posts
 Posted 12/10/2012  06:48 am  Show Profile   Bookmark this reply Add blackjack to your friends list
I would have cringed at "irregardless," mds. How did you know? I do try to save all the silver I find. And I've been reading about your adventures. Keep going!
Pillar of the Community
United States
863 Posts
 Posted 12/15/2012  9:37 pm  Show Profile   Bookmark this reply Add silvercoinrn to your friends list
For saving I usually try to fill bigger containers. I always pick something that is hard to empty. Any time I have extra dollar bills in my pocket I always try to throw a few in there. If I can I even try to add some larger bills. any time am taking money out of the bank I ask for a few small dollar coins and add them to the change jar as well. it makes it add up a lot faster. and I often forget how much is in there. the difficulty of the jar to empty makes sure that I wont use it unless I really have to
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