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On Finding "Hidden" Silver In 1968 Quarters

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Bedrock of the Community
DVCollector's Avatar
United States
10045 Posts
 Posted 10/20/2009  7:34 pm Show Profile   Bookmark this topic Add DVCollector to your friends list Get a Link to this Message Number of Subscribers
Finding some Canadian quarters today in a shop, I wondered how many dealers and collectors in the US don't know there are silver 1968 quarters? Tucked away in "bargain bins" could be 1968 quarters that are 50% silver, worth $1.64 each. The 50% coinage often looks grayer as below, and might fool the eye--but not a magnet which sorts these with ease. So if you find a dozen for $0.50 each, it might be worth your time.

On-Finding-
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TheForce's Avatar
United States
4870 Posts
 Posted 10/20/2009  7:50 pm  Show Profile   Bookmark this reply Add TheForce to your friends list Get a Link to this Reply
Yes, there were silver quarter business strikes in 1968.
Bedrock of the Community
DVCollector's Avatar
United States
10045 Posts
 Posted 10/20/2009  7:56 pm  Show Profile   Bookmark this reply Add DVCollector to your friends list Get a Link to this Reply
When I was a kid, I got a lot of Canadian coins in change, living near the border.
I did not realize the odd-colored '68 quarters were silver back then--.09388 oz of silver.
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SHAFTA9a's Avatar
Canada
10743 Posts
 Posted 10/21/2009  06:37 am  Show Profile   Bookmark this reply Add SHAFTA9a to your friends list Get a Link to this Reply
Yeah... I find a few of these, from time to time.

The trick is to carry a small magnet with you.
Valued Member
1945V's Avatar
Canada
386 Posts
 Posted 10/21/2009  07:20 am  Show Profile   Bookmark this reply Add 1945V to your friends list Get a Link to this Reply
Usually it is pretty obvious with lightly circulated 1968 dimes and quarters. Dark metal = nickel, white metal = silver.

I have come across a few 1968 coins that had a strong whitish color and turned out to be nickel (my magnet stuck). Similarly, I have come across 1968 coins with a dark nickel-like color and they turned to be silver. Heavy circulation can change the color of 1968 coins.

A magnet is the best way to confirm 1968 coins with suspcious coloring.
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Jays-Dad's Avatar
United States
790 Posts
 Posted 10/21/2009  09:47 am  Show Profile   Bookmark this reply Add Jays-Dad to your friends list Get a Link to this Reply
On a related line, does anyone know how to tell the difference between the .500 and .800 silver issues of 1967?
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cdcoinman's Avatar
Canada
372 Posts
 Posted 10/21/2009  2:25 pm  Show Profile   Bookmark this reply Add cdcoinman to your friends list Get a Link to this Reply
The answer is 30% more silver in the .8 lol
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Ferret552's Avatar
United States
168 Posts
 Posted 10/21/2009  2:46 pm  Show Profile   Bookmark this reply Add Ferret552 to your friends list Get a Link to this Reply
I would assume that it would weigh a couple of tenths of a gram lighter given that the dimensions are the same... dunno how you would do it as efficiently as that magnet test though.
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DVCollector's Avatar
United States
10045 Posts
 Posted 10/21/2009  2:59 pm  Show Profile   Bookmark this reply Add DVCollector to your friends list Get a Link to this Reply
I'm not sure that simply weighing the coin would work. If you have sensitive enough equipment, a specific gravity test should determine between .500 and .800 . The SG of .500 silver / .500 copper = 9.68 vs 10.17 for .800
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nod2003's Avatar
United States
3294 Posts
 Posted 10/21/2009  3:19 pm  Show Profile   Bookmark this reply Add nod2003 to your friends list Get a Link to this Reply
So the 1968 silver caribou is magnetic?
Pillar of the Community
Canada
1248 Posts
 Posted 10/21/2009  3:25 pm  Show Profile   Bookmark this reply Add hhbkiddo to your friends list Get a Link to this Reply
yes all fine and good...
BUT HOW do we determine the SP test?
Not so easy? or easy?
with a scale?
Bedrock of the Community
DVCollector's Avatar
United States
10045 Posts
 Posted 10/21/2009  3:38 pm  Show Profile   Bookmark this reply Add DVCollector to your friends list Get a Link to this Reply

Quote:
So the 1968 silver caribou is magnetic?

Sorry...I thought that was obviously a NO (50%Ag/50%Cu)

Quote:

BUT HOW do we determine the SP test?

I've done some SG tests with a scale that's accurate to .01 gram. My results appeared consistent over 3 tests per coin, but I cannot confirm accuracy either. Here's a SG test proposed by Swamperbob.
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Jays-Dad's Avatar
United States
790 Posts
 Posted 10/21/2009  6:37 pm  Show Profile   Bookmark this reply Add Jays-Dad to your friends list Get a Link to this Reply
Unfortunately you all seem to confirm what I suspected, it is essentially impossible to tell the difference between .500 and .800 coins. I just assume that all 1967s are .500 and catalog them accordingly. But as a guy that likes to collect everything, I'd love to tell the difference.
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chequer's Avatar
Canada
4227 Posts
 Posted 10/21/2009  7:03 pm  Show Profile   Bookmark this reply Add chequer to your friends list Get a Link to this Reply
There's been a few discussions on this very topic. Here's one from a while ago:

https://goccf.com/t/42080&whichpage=1

If I remember correctly, the basic answer is, "You can't."
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Learn More...
Canada
9866 Posts
 Posted 10/21/2009  11:12 pm  Show Profile   Bookmark this reply Add DBM to your friends list Get a Link to this Reply
Most bullion buyers have a separate price for '67 silver,some where between .500 and .800.See prices at this site http://www.bullioncoinsandbars.com/...er-coins.htm
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bibd's Avatar
Canada
838 Posts
 Posted 10/22/2009  02:10 am  Show Profile   Bookmark this reply Add bibd to your friends list Get a Link to this Reply
Yeah, I sold a bunch of silver one time and there were three separate prices used: .800 for <= 1966, .650 for 1967 (can't easily tell), and .500 for 1968.

If the metal were gold, it might actually be worth the effort to distinguish.
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