Do you remember when silver coins were still in circulation?

Options
2»

Comments

  • Zoins
    Zoins Posts: 34,489 ✭✭✭✭✭
    Options

    Nope, but if I did, I wish I was buying all the gold I could at the time!

  • SaorAlba
    SaorAlba Posts: 7,593 ✭✭✭✭✭
    Options

    I remember using silver 5 DM and 10 DM coins in Germany back in 1993, silver melt on them was less than face value. In Paris twenty years ago you could find silver 100 FF coins worth about $17 face, but the melt value was only about $8 or so.

  • golden
    golden Posts: 10,536 ✭✭✭✭✭
    Options

    I remember getting Silver Dollars from the bank to look for dates that I needed. I took the rest back to the bank. Got a complete set of Roosevelt Dimes , complete set of Franklin Halves and a complete set of Washington Quarters except for 1932 D and S from circulation.

  • thisnamztaken
    thisnamztaken Posts: 4,101 ✭✭✭✭✭
    Options

    Yep. All US dimes, quarters, halves, and dollars were silver when I was growing up. Mostly Roosevelt's, Washington's, and Franklin's, but occasionally the till in my parent's restaurant would contain a Mercury dime, Standing Lib. quarter, and/or Walker half.

    I never thought that growing old would happen so fast.
    - Jim
  • s4ny
    s4ny Posts: 1,594 ✭✭✭
    Options

    Yes, in the late 1950s I would go to the bank and get silver dollars. Then in college (1964-1968) I would retain silver coins and even go to the bank and get rolls of quarters to remove the silver coins. I continued to always check dimes and quarters. 90% halves had disappeared.

  • remumc
    remumc Posts: 1,284 ✭✭✭
    Options

    I did my sophomore high school science project on the difference between the discontinued silver coins and the new clad coins in 1970 or 1971. It was based on a Coin World article called "How Bad Clad?", which was the title of my project. I won 2nd place in junior chemistry. I had been collecting coins since about 7th grade, & routinely found silver, usually more than I could afford to keep! Then I got a car......................., & discovered girls! No more coin collecting for 35 years!

    Regards,

    Wayne

    www.waynedriskillminiatures.com
  • CaptHenway
    CaptHenway Posts: 34,170 ✭✭✭✭✭
    Options

    @nags said:
    That was before my time... When the transition was made, what was the approximate melt value of the silver coins relative to the face value? At what point what there enough of a spread to have non-coin people start plucking the silver from circulation?

    For a long time the melt value was not much over the face value, initially just a few cents on the dollar, but a lot of people figured "they're going to be worth a lot of money someday!" My mother was one of those people, and because my Dad handled a lot of change on his job they were able to put aside a little over $1,000 face in 90% silver before it finally disappeared. My (distant) future father-in-law did as well.

    Both my parents and my first wife's parents were Depression era adolescents, and they knew what hard times were. They saved that silver as a fall-back resource until they died in the 2000's. My Ma said that she slept better knowing it was there.

    <3

    Professional Numismatist, Retired. 55 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Winner of the PNG's 2026 Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
  • Mr_Spud
    Mr_Spud Posts: 7,272 ✭✭✭✭✭
    Options

    I was born in 61 and my older brother got me interested in coin collecting when I was about 7 or 8 years old. There was still a little bit of silver in circulation and I tried to keep any I could find. But then when the Hunt Brothers manipulated up the price of silver I ended up selling it all for $10 for every $1 in face value. I was in college but was in summer break, I had plenty of spending money for all summer from selling the silver coins at that price. I don’t really regret it, it took a long time for silver to get up to that price again and none of the silver coins were key dates or high grade.

    Mr_Spud

  • CCGGG
    CCGGG Posts: 1,267 ✭✭✭✭✭
    Options

    Absolutely remember silver coins in circulation... Except silver dollars... But I could still go to the bank and get them for a paper dollar. But a dollar was a lot of money to me back then.

  • SilverEagle1974
    Options

    I feel gypped I was NOT born early enough to enjoy silver circulation.

  • Walkerfan
    Walkerfan Posts: 10,392 ✭✭✭✭✭
    edited October 10, 2020 3:04PM
    Options

    I was born two years after the last 90% silver coinage was made. By the time I was old enough to spend money; it was all clad. But, I DO remember my father having a HUGE, plastic, piggy bank shaped like a liquor bottle, which was complete with a label. It was filled with silver coins that he had pulled from circulation. He and I cashed it in, when silver hit almost 50 bucks an ounce. I bought some certified coins with my share. :smile:

    Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍

    My Full Walker Registry Set (1916-1947):

    https://www.ngccoin.com/registry/competitive-sets/16292/

  • Smudge
    Smudge Posts: 10,001 ✭✭✭✭✭
    Options

    @SilverEagle1974 said:
    I feel gypped I was NOT born early enough to enjoy silver circulation.

    Don’t wish your life away.

  • BillJones
    BillJones Posts: 35,935 ✭✭✭✭✭
    edited October 10, 2020 1:50PM
    Options

    Oh, yes. I was in the 10th grade when the Coinage Act of 1965 was passed. I was pulling silver out of circulation in some quantity in the late 1960s.

    I got a lot silver dollars from the bank in the early 1960s

    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • johnny9434
    johnny9434 Posts: 34,088 ✭✭✭✭✭
    Options

    @CaptHenway said:
    I can remember getting my first copper-nickel clad quarter in change, so yeah I am an old fart......

    It don't seem like all that long ago 😖

  • tommy44
    tommy44 Posts: 2,347 ✭✭✭✭✭
    edited October 10, 2020 4:42PM
    Options

    Started my first paper route in 1957 or 1958, all the dimes, quarters and halves were silver. All the Lincolns were wheat backs, I found all but a 14-D, 22 plain and 55 DDO in circulation. I filled many blue Whitman folders back then. An occasional Barber or Standing Liberty Quarter would even show up. Silver Dollars could be replaced with paper dollars at the bank so they were the first to go if I needed money for a large purchase or a date in the early 1960s.

    it's crackers to slip a rozzer the dropsy in snide

  • hatchet
    hatchet Posts: 54 ✭✭✭
    edited October 10, 2020 4:59PM
    Options

    The last silver dollar I got from circulation was around 1971. My brother worked at a burger joint. Someone paid for their meal with a silver dollar which he brought home for me.

  • Hydrant
    Hydrant Posts: 7,773 ✭✭✭✭✭
    edited October 10, 2020 8:05PM
    Options

    Great story.

  • BillJones
    BillJones Posts: 35,935 ✭✭✭✭✭
    Options

    @hatchet said:
    The last silver dollar I got from circulation was around 1971. My brother worked at a burger joint. Someone paid for their meal with a silver dollar which he brought home for me.

    I saw my last silver dollar in circulation about that time. It was a Peace Dollar, but it had a nasty gash in the obverse rim. It was a bullion only piece. It won’t have any numismatic value today.

    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • Raybo
    Raybo Posts: 5,362 ✭✭✭✭✭
    Options

    I really don't remember because I was never looking for silver in pre 1964.
    I started working for a grocery store in 1972 and that's when the journey started, I was looking for silver coins every day !

  • Icollecteverything
    Options

    Well........shortly after posting this we had a wicked thunderstorm go thru leaving us without power for over two full days. I am getting too old for that crap. There were hundreds of thousands who lost power over three states and 2 lives lost from falling trees, so our little inconvenience seems pretty trivial.

    But I enjoyed all the stories about getting and saving or spending silver. I guess I am not the only one that would have more silver now except for spending them on candy and ice cream. I never grew up and still have the sweet tooth. Also good to hear that many people are collectors now even if they were too young to see silver common in change. That makes sense because I never saw a 2,000+ year old Greek coin in circulation but I still collected a few.

    Thank you all for the responses.

    Successful BST deals with mustangt and jesbroken. Now EVERYTHING is for sale.

  • Legacy
    Legacy Posts: 96 ✭✭✭✭
    Options

    Growing up in Philadelphia I had a neighbor who collected coins. In 1962 and 1963 he told us neighborhood kids to save every silver coin we could get our hands on. He once gave me a Morgan silver dollar. The rumor on the block was he had gone to the bank in the mid fifties to buy a few rolls of pennies. Turned out one roll was all 1955 double dies! He went back and got a few more rolls - same story. He built a tremendous collection from that good fortune. After he died the collection was broken up and sold as his son did not have an interest in coins. Looking back, he definitely influenced me to become a collector. Great time and place to grow up in.

  • Nysoto
    Nysoto Posts: 3,833 ✭✭✭✭✭
    Options

    Yes. I started collecting in 1963, still have my Lincoln, Buffalo, and Merc Whitman folder collections from circulation. The neighborhood grocery store manager let me go through change for the leftovers after he cherried the better dates. I could not find any more Mercs that I needed after 1965, they were getting sparse at that point. Good fun, and it sparked my interest in coins. It seemed like a lot of people were doing this, easy money while it lasted.

    Robert Scot: Engraving Liberty - biography of US Mint's first chief engraver

Leave a Comment

BoldItalicStrikethroughOrdered listUnordered list
Emoji
Image
Align leftAlign centerAlign rightToggle HTML viewToggle full pageToggle lights
Drop image/file