Easy Ways To Locate Silver U.S. Coins
If you're a beginning coin collector, one of the best places to start is by looking for silver U.S. coins. Prior to 1965, dimes and quarters in the United States were made mostly of silver. The coins were switched to non-silver materials after that, making pre-1965 coins a collector's item, as well as a minor form of investment. People save the coins and trade them for cash based on junk silver prices, which continue to go up. But how do you get your hands on these coins if everyone is holding onto them? By realizing that not everyone is really holding them -- and many are inadvertently sending these coins back into circulation. Here are a few easy places to search for silver coins.
Rolls From the Bank
Your neighborhood bank isn't going to have rolls of silver coins waiting for eager collectors. It will, however, have regular rolls that were brought in by customers in exchange for paper money, and those rolls might hold a silver coin or two. This method takes patience because you have to search through all the rolls you get, and you could have days where you find absolutely nothing. But it's an easy, free way (you're not paying extra to get the rolls, so it's essentially free) to search for coins. Note that it's also a popular way, so don't be discouraged if it takes you a while to find anything.
The Laundromat Change Machine
You would think that anyone that handles quarters regularly, such as those who use laundromats, would be aware to look through their change before dropping it into a laundromat washer or dryer. However, many people just don't realize that their handful of quarters might contain a silver quarter. They put that in the washer and dryer, and when the laundromat manager collects the quarters, those often go right back into the change machine. That means that your laundry change could contain some silver. When you get change from the machine, search through the quarters before using any of them. Be aware that many laundromats restrict the use of the change machine to customers only, so try to actually do some laundry while you're there.
Buckets at Your Local Coin Store -- No Joke
After the Great Recession, so many people had turned in silver dimes and quarters to local coin stores that these places are now the easiest in which to find the coins -- and many have bucketfuls of them. You will have to pay for the coins. Because the coins are sold as junk silver, you'll pay a few dollars for quarters and less for dimes based on current silver values. However, as long as silver continues to increase in value, you should make your money back eventually if you hold onto the coins long enough.
The bank coin roll and laundry change machine methods are nice ways to pass the time, but if you want to get your hands on these coins without a fuss, go to your local coin dealer. You'll find coins from all years, making this a great resource if you want to build an actual by-year collection. Contact a company like Rogue Valley Coin & Jewelry to get started.