Re: Coin collecting
[Re: dirthole90]
#6282886
07/20/18 07:48 AM
07/20/18 07:48 AM
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Joined: May 2018
Posts: 759 new york
henpecked1
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trapper
Joined: May 2018
Posts: 759
new york
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Dimes, quarters, Halves 1964 and older are silver: Kennedy 65 66 67 are silver clad 40% sliver. After that there are silver proofs, most silver was cleaned out of circulation when the Hunt brothers tried to corner the silver market and ran silver to $50. You will find very little in circulation. Go buy a read book and read it. War nickels from 142 to 1945 had some silver in them. Do not get involved in any TV promotions, buy a red book buy coin world and read. Nothing is free in the area of coin collecting, example the term you got clipped or you were shaved had to do with people filing, cutting or clipping off the edges of silver or copper coins in the 1700's. A copper penny was a full day wage in 1793. A Spanish reale was legal tender in the colonies, because England did not want the colonies to have legal tender, coinage. a Reale equaled 8 bits, therfore 2 bits 4 bits 6 bits a dollar: tats why a quarter was reffered to as 2 bits. A cowboy punching cows in the early west made a dollar a day: that was equivalent to a full days journeymans wage. A mug of beer as 5 cents, a steak dinner was 25 cents. Go read before you spend your hard earned money. The coins will still be there a month from now.
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Re: Coin collecting
[Re: wissmiss]
#6282959
07/20/18 09:45 AM
07/20/18 09:45 AM
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Joined: Sep 2011
Posts: 2,593 sometimes PA sometimes ME
ebsurveyor
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Joined: Sep 2011
Posts: 2,593
sometimes PA sometimes ME
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I'm quite the pre 1965 only applies to dimes, quarters and half dollars. Nickels were never silver, so the best of my knowledge. World War II prompted the rationing of many commodities. Nickel was highly valued for use in armor plating, and Congress ordered the removal of this metal from the five-cent piece, effective October 8, 1942. From that date, and lasting through the end of 1945, five-cent pieces bore the regular design but were minted from an alloy of copper, silver and manganese. It was anticipated that these emergency coins would be withdrawn from circulation after the war, so a prominent distinguishing feature was added. Coins from all three mints bore very large mintmarks above the dome of Monticello, and the letter 'P' was used as a mintmark for the first time on a U. S. coin. $.8687 is the rounded silver value for the 1942-1945 silver nickel on July 20, 2018. This is usually the value used by coin dealers when selling these coins at melt value.
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Re: Coin collecting
[Re: dirthole90]
#6283130
07/20/18 02:04 PM
07/20/18 02:04 PM
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Joined: Feb 2014
Posts: 507 Ky
WHSKR
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Joined: Feb 2014
Posts: 507
Ky
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Morgan dollars are one of the most collected coins. They trade very easy buy and sell. Rick Tomaska is a author and has a good book on Morgan dollars. It describes each coin in the entire series of coins. It will tell you the mintages of each coin. The rareness of each coin. These coins vary in price from a couple dollars to $100,000 of dollars, based on quality, rareness, mintage, luster, demand, common date etc... Any coin shop will have several of these on hand go look at them raw, slabbed, uncirculated , circulated in the same date and mint mark and then price them it is a good way to start to understand what might make one coin worth more than the next. Demand for rare exceptional coins is very high and always will be. There are folks who will pay millions for the best rare coin in a series as usually only a few of them are known to exist. This is one coin series that is highly collectible and much has been written on the coin so it is fairly easy to start where there is much info. As I said earlier and others have said as well get a current 2018 “red book” and find someone who has one 20 years old and compare a few coins
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Re: Coin collecting
[Re: dirthole90]
#6292137
08/01/18 07:20 PM
08/01/18 07:20 PM
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Joined: Oct 2011
Posts: 116 central pa
dirthole90
OP
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OP
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Joined: Oct 2011
Posts: 116
central pa
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All right... I got my red book and found a couple of the coins listed directly above out of regular bank rolled coins. Is it worth this to continue to do while I learn? Also is there places to look other than banks without out right buying coins to start? Finally I do not know how to grade coins but is it worth a persons time to attempt to collect all state and park quarters from circulated coins? Thanks guys
Last edited by dirthole90; 08/01/18 07:21 PM.
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Re: Coin collecting
[Re: dirthole90]
#6308242
08/22/18 07:55 PM
08/22/18 07:55 PM
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Joined: Oct 2011
Posts: 116 central pa
dirthole90
OP
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OP
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Joined: Oct 2011
Posts: 116
central pa
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Just checking back in here... we have found several silver dimes, several war nickles, a silver quarter, a buffalo head nickel, a mercury dime, and wheat pennies. I am having trouble finding rolls of silver dollars or 50 cent pieces to try and find one of each with some silver in it. We did find a gold plated Ohio quarter.... are they worth holding onto? Thanks again.
Last edited by dirthole90; 08/22/18 07:56 PM.
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