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Who Hoarded Silver In The Late 1960's?

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Numisma's Avatar
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 Posted 11/11/2015  8:54 pm Show Profile   Bookmark this topic Add Numisma to your friends list Get a Link to this Message Number of Subscribers
It seems to me that people would have started hoarding silver as soon as clad coins started to come out. Did anyone here do that? When my great grandmother passed away nearly 6 years ago, she left behind about 15-20 BU 1964 Kennedys that I presume were pulled from circulation, as well as about the same number of 40%-ers.
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BH1964's Avatar
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 Posted 11/11/2015  9:16 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
My Dad did and had a small cabinet filled with mostly dimes and quarters. I'd guess he had a $1,000 face in there before he passed away.
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ChildOfTheWheat's Avatar
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 Posted 11/11/2015  9:20 pm  Show Profile   Bookmark this reply Add ChildOfTheWheat to your friends list Get a Link to this Reply
My Great-Grandmother was a coin collector, and although I have never seen her collection (my grandmother has it), I hear it has a LOT of 90% and 40% halves in tin cans that were pulled from circulation in the 60's.
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Numisma's Avatar
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 Posted 11/11/2015  9:39 pm  Show Profile   Bookmark this reply Add Numisma to your friends list Get a Link to this Reply
You ought to ask if you could sift through it.
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Steele's Avatar
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 Posted 11/11/2015  10:19 pm  Show Profile   Bookmark this reply Add Steele to your friends list Get a Link to this Reply
CotW, I bet there is some REAL nice finds in that collection.
To answer the OP, I know many people immediately hoarded pre-1965 coins and most probably sold off during the Hunt Brothers price run up in 1979.
Edited by Steele
11/11/2015 10:19 pm
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pepactonius's Avatar
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 Posted 11/11/2015  10:33 pm  Show Profile   Bookmark this reply Add pepactonius to your friends list Get a Link to this Reply
I started hoarding all silver quarters and dimes (maybe a few halves) that came my way starting about 1965 or so, until they were gone from circulation. I have around 700 quarters, and fewer dimes. There are 300 1964 quarters. From 1958 to the 1960s, I also hoarded many halves.

Before that, my family hoarded all silver dollars they saw from the late 1940s to 1957 to 1958.
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Slider23's Avatar
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 Posted 11/11/2015  10:57 pm  Show Profile   Bookmark this reply Add Slider23 to your friends list Get a Link to this Reply
I collect siliver coins from circulation from the late 60's until 82. I had about a $1000 in face value. I made the mistake of showing my coin collection to anyone who came over to the house. I lost all my coins in a burglary in 82. I never collected again until I retired a couple of years ago because it was a painful lose. At the time my coin collection was worth more than my savings in the bank.
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Numisma's Avatar
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 Posted 11/11/2015  11:03 pm  Show Profile   Bookmark this reply Add Numisma to your friends list Get a Link to this Reply
I'm so sorry, Slider. That must have been awful.
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rubenbeagle's Avatar
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 Posted 11/11/2015  11:33 pm  Show Profile   Bookmark this reply Add rubenbeagle to your friends list Get a Link to this Reply
I remember working at my hs ticket booth in '66, halves just disappeared, everybody used 2 quarters.
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Chute72's Avatar
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 Posted 11/12/2015  12:08 am  Show Profile   Bookmark this reply Add Chute72 to your friends list Get a Link to this Reply
I've still got most of a dozen or so half dollars I got back then. I preferred the Walking Liberty or Franklins to the Kennedys. My allowance was a quarter a week, so they were still expensive to me.
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gymcoachdon's Avatar
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 Posted 11/12/2015  12:45 am  Show Profile   Bookmark this reply Add gymcoachdon to your friends list Get a Link to this Reply
My Father-in-law must have, when he passed last December I found out he had a hoard of coins he had pulled from circulation. Lots of Mercs and silver Roosevelts, many quarters, and about 60 1964 Kennedy halves. Probably hundreds of each of the mercs and Roosevelts. I sorted through them for rare dates, and 2x2'd the nicest of each date and turned his hoard into a collection for my Mother-in-law. Silver prices have been dropping since the time I sorted it, but it got me into collecting coins again. I remember my Dad telling me it was time to sell our silver coins in 1979, and we went to the local Holiday Inn, and I sold all the silver coins I had found from my paper route for I believe 10x face. I was 12 or 13 at the time, and I think we missed the peak, but I was happy as could be to get a dollar for each of my dimes!
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Numisma's Avatar
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 Posted 11/12/2015  01:08 am  Show Profile   Bookmark this reply Add Numisma to your friends list Get a Link to this Reply
That's a lot of silver!
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GR58's Avatar
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 Posted 11/12/2015  08:18 am  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply
I was pulling what I could, for a kid in the 60's.
I did end up with a jar full, that I sold in the Hunt
brothers boom.

I started putting silver away, on a bigger scale in
the mid 80's. In the 80's I was doing roll hunting
and heavy into metal detecting. A local dealer would
take our dirty dug clad coins, for purchasing junk
90% at 3 to 4 times face. Plus there were organized
club hunts where I found hundreds of silver coins
per hunt. One hunt, treasure week in Indiana, I would
get 1000 to 1500 silver coins (mostly dimes) each time
I went.

When silver went up in 2010 - 2011, I sold a lot of that
silver to purchase the gold coins for my 7070 gold page.

Now I am back to putting more silver away.
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Slider23's Avatar
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 Posted 11/12/2015  3:43 pm  Show Profile   Bookmark this reply Add Slider23 to your friends list Get a Link to this Reply
In the early 70's, I lived in California and I would make a trip to Reno to gamble. At that time the casino's were still were using silver dollars for their slot machines. I would buy a roll of silver dollars and check for key dates, then, buy a roll nickels and play the slots. Cash in the unwanted silver dollars and start the process over. I never found a key date silver dollar. Most of the silver dollars were beat from the slot machines, but I did find some nice common date Morgan dollars that I kept and took home.
Edited by Slider23
11/12/2015 3:52 pm
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Slider23's Avatar
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 Posted 11/12/2015  4:08 pm  Show Profile   Bookmark this reply Add Slider23 to your friends list Get a Link to this Reply
One more silver coin story, I worked at a theatre in the early 70's as an assistant manager. We used half dollars as change when tickets were purchased. I was making up the cashier bank and I opened a roll of half dollars, and in the end of the roll was the most beautiful Franklin half that I had every seen. I had never seen any coin look like the half dollar with many different bright colors. I did not know why the coin was toned, so I looked at the paper roll and realized the paper caused the toning only on the obverse side. At that time, I had never heard the term rainbow toning. I bought the coin and took it home and put it into a cardboard flip. This was one of the coins that I lost in the 1982 burglary.
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Numisma's Avatar
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 Posted 11/12/2015  7:47 pm  Show Profile   Bookmark this reply Add Numisma to your friends list Get a Link to this Reply
Great stories. Too bad you lost the Franklin, though. When you were at the casinos, I take it you had to pay more than face for the silver dollars?
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