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Replies: 21 / Views: 7,391 |
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Valued Member
Ireland
201 Posts |
I live in Ireland and am just starting coin collecting and dealing. I know the main USA coins but I now have a number of dollars, quarter dollars, dimes, 5 cents and cents. My problem is that I am not sure which of these would be out of circulation due to their age. I do not want to try and sell them to collecters over here at a few euros if in fact, the collector could buy them at face value elsewhere. I suppose what I really need to know is at what date each of the main coins were classed as being out of circulation. Any help would be much appreciated. Many thanks, Sheen
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Bedrock of the Community
13014 Posts |
Coins here dont get removed just because theyre deemed to old unless theyre damaged. The older coins like merc dimes, Buffalo nickels ect will get pulled when someone realizes what they are but the fed wont make an effort to round them up and destroy them. For the Quarters and Dimes anything 64 and earlier will get pulled by people for the silver content. The dollars if theyre anything other than Presidential dollars are pretty impossible to find at banks, some Saqagewa dollars can be found but if theyre IKEs, Peace or Morgan dollars they dont circulate anymore and when they do it isn't for long. Weat cents and pre 82 copper cents get pulled a lot too but theyre so many of them theyre still easy to find roll searching.
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Pillar of the Community
United States
3276 Posts |
Maybe you mean, which coins are not being made anymore? Cause technically any coin can still be in circulation.
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Bedrock of the Community
United States
19937 Posts |
Any US coin including proofs and satin issue may be used in circulation. The only coins ever removed are those that are damaged.
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Valued Member
291 Posts |
Wheat back cents are obsolete, as are any silver 5¢, 10¢, 25¢, 50¢ or dollar. Buffalo nickels and Indian Head cents are too but it's unlikely (but possible) that you'd get them in circulation Copper (pre-1982) cents are being culled from circulation due to Gresham's Law.
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Rest in Peace
United States
4078 Posts |
Quote: Copper (pre-1982) cents are being culled from circulation due to Gresham's Law. 
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Valued Member
United States
335 Posts |
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Moderator
 Australia
16811 Posts |
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
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Bedrock of the Community
13014 Posts |
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
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Pillar of the Community
United States
2734 Posts |
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.)
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Valued Member
United States
461 Posts |
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.
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Bedrock of the Community
United States
20753 Posts |
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.
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Valued Member
 Ireland
201 Posts |
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
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Pillar of the Community
United States
1227 Posts |
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.
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Pillar of the Community
United States
1704 Posts |
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
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Pillar of the Community
United States
2224 Posts |
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.
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Replies: 21 / Views: 7,391 |