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ILG 03-15-2009 03:46 PM

Coins
 
Given the state of the economy, many are collecting coins. I have read:

Pennies pre-1982 have a melt value twice that of the face value.

Dimes pre-1964 have a mely value of a dollar.

Nickels have a melt value of about 7 cents.

I have read we should collect all quarters and dimes pre-1968. How much melt value do they have?

Anyone have any tips here?

Praxeas 03-15-2009 05:09 PM

Re: Coins
 
Quote:

Originally Posted by ILG (Post 720483)
Given the state of the economy, many are collecting coins. I have read:

Pennies pre-1982 have a melt value twice that of the face value.

Dimes pre-1964 have a mely value of a dollar.

Nickels have a melt value of about 7 cents.

I have read we should collect all quarters and dimes pre-1968. How much melt value do they have?

Anyone have any tips here?

I think all post 64 coins are not pure. Nickels, pennies, dimes are mostly zing.

You've be better off buying silver coins. Their value is mostly dependent on the quality of the mint that remains over time. Coins that are uncirculated or proof are worth more.

Sherri 03-15-2009 05:27 PM

Re: Coins
 
The new silver eagles and maple leafs are like 99.9% pure. The older coins aren't nearly that level.

ILG 03-15-2009 06:39 PM

Re: Coins
 
When buying silver, that may be true, but if you find those dimes and quarters in your pocket, you should certainly keep them. I have read only in one place that pre-1968 dimes and quarters should be saved. Everywhere else it says pre-1964.

ILG 03-15-2009 06:42 PM

Re: Coins
 
Quote:

Originally Posted by Praxeas (Post 720511)
I think all post 64 coins are not pure. Nickels, pennies, dimes are mostly zing.

You've be better off buying silver coins. Their value is mostly dependent on the quality of the mint that remains over time. Coins that are uncirculated or proof are worth more.

When talking about saving silver in the case of a dollar collapse, melt value is all that is needed. If you are talking about buying and selling for collectable's then, yes, uncirculated are worth more. I'm mostly talking about "junk" coins at present for melt value. But, any tips are interesting. :)

As far as pennies, it's pre-1982:

http://financeandinvestments.blogspo...2-pennies.html

ILG 03-15-2009 06:45 PM

Re: Coins
 
Ah, here's what I was looking for:

http://www.coinflation.com/

jaxfam6 03-15-2009 10:46 PM

Re: Coins
 
i have a jar full of old coins. i know of some '23 and '26 silver dollars.

have not looked into any value at this point just have a jar full of them

ILG 03-16-2009 09:10 AM

Re: Coins
 
Quote:

Originally Posted by jaxfam6 (Post 720659)
i have a jar full of old coins. i know of some '23 and '26 silver dollars.

have not looked into any value at this point just have a jar full of them

Well, I work a cash register at work and I thought I should be looking instead of just throwing everything in the drawer!! My husband used to do this when he worked for a convenience store. I'm sure he took in ALOT more change there. (I work in a library and we just do fines.)

Hoovie 03-16-2009 09:13 AM

Re: Coins
 
I have several hundred dollars in silver dollars hid in an old army box somewhere. I have not seen them in about ten years - can't remember where I hid them!

ILG 03-16-2009 09:15 AM

Re: Coins
 
Quote:

Originally Posted by Stephen Hoover (Post 720718)
I have several hundred dollars in silver dollars hid in an old army box somewhere. I have not seen them in about ten years - can't remember where I hid them!

I think they are much more scarce than they used to be!! I found a silver dime at work the other day, whcih got me to thinking about this.


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