Posted on
April 1, 2009
at
10:04 pm
I've been collecting coins for years. I've acquired most of my coins through purchases from local dealers and online auctions. But I often find some good ones in regular everyday currency.I've sold a lot of the silver ones over the years. In fact, that has been the bulk of my profit. If you would like to know which ones are silver, just look at the dates. If you have a quarter, dime or half dollar that was made on or before 1964, it's silver. And it's worth about 10x face value. That means that a silver dime is worth about $1 and a silver quarter is worth about $2.50. If you find one of these coins in your pocket change, take it to a coin dealer. And that's exactly what they will pay you for it. Half dollars that were made from 1965 to 1969 are also valuable. They contain 40% silver, so they are not as valuable as the coins I mentioned earlier which contain 90% silver.There are also some valuable pennies and nickels that you can still find in circulation. Pennies that were made before 1959 are valuable. They are called "wheats" because they have wheat on the tail side instead of the Lincoln memorial. Most of these types of coins can be sold at local coin merchants for 2 or 3 cents each. But some are rare and worth even more. As for the nickels, if they were made between 1942 and 1945, they are valuable for their silver content.Don't expect to find a lot of these kinds of coins in circulation. But if you find one it's good to hold onto it instead of spending it.
Posted on
April 1, 2009
at
10:13 pm
I know plenty of people who have more coins than me. Most of the coins I've owned have been sold. I like to buy the silver ones that made before 1964 whenever the price of silver declines. Then I am able to sell them for a profit when silver increases in value. I treat silver like the stock market. But it's a lot more reliable.
Posted on
April 1, 2009
at
11:24 pm
It's important to know what to sell and when to sell. There are certain rare coins that always increase in value. It's good to hold onto these as they appreciate. But at some point you've got the sell. You might find a good deal on a roll of rare nickels. Why not keep a few and sell a few? If you have duplicates in your collection, you can sell some. Also, the silver ones can always be bought and sold as the price of silver fluctuates. I'm sure there are a lot of people who regret not having sold some of there silver coins when they were worth 15x face value.
Posted on
April 2, 2009
at
12:49 am
I didn't know this. Haha I think next time I count my piggy bank I'm going to have to look at each coin more carefully. Thanks for sharing!
Posted on
April 2, 2009
at
7:02 am
I wouldn't want to spend them because of their value, nor would I want to sell them. Great information about coins though, but I guess I won't be spending anything so valuable unless I've thought it through!
Posted on
April 2, 2009
at
7:17 am
this idea but i live in the uk, i hope it works out for u
Posted on
April 2, 2009
at
9:10 pm
You don't have to live in America in order to buy an sell coins. The merchants on ebay ship all over the world. And silver and gold coins are still being made all over the world. In fact, there are some people here in America who buy their coins from the Perth Mint in Australia.
Posted on
April 2, 2009
at
10:32 pm
I also have coin collection but I don't know the value of these coins. I only collect them for the sake of history.
Posted on
April 3, 2009
at
12:16 am
nice habit a coin collector
