Whether it’s in jewelry, bullion, or coins, I’ve always been drawn to silver. So naturally, I like to find silver where ever I can. One of my favorite places to find silver is in old silver coins. Not only do old silver coins contain much more silver value than the face value of the coins, they’re a fascinating piece of history. Plus, you can either sell the coins for a profit, use them for jewelry, or add them to your personal collection and have something of real value to pass on.
In this article, we’ll look at the easiest way I know to find silver coins, and you can still do it today!
The Secret: Look at the edge of the coins
This may seem obvious for those familiar with silver coins but even if that’s the case, this one little trick has great value. Not only can you determine if a coin is silver within a split-second, you can also use this method to sort through hundreds or even thousands of coins in no time at all.
The reason being: When the US Government removed silver from US coins like dimes and quarters, the new metal composition consisted of of 75% copper. The copper is sandwiched in the coin in such a way that it’s easily visible on the coin edge and when viewing a stack of coins it is simple to tell which ones contain mostly silver and which are mostly copper.
In fact, nowadays, that’s where the real value is, since finding silver in pocket change is all but a thing of the past. If you want to find silver coins (and pay face value for them), you’re gonna have to sort through a lot of coins. This means getting rolls from the bank. It’d be a nearly impossible task if you had to check each individual date but you don’t… You can just stand a bunch of coins together on edge and glance at them to instantly know which ones are silver and which aren’t.
This makes it possible to find any silver coins from within big batches almost instantly and that’s exactly how people who still find silver in change are doing it today.
Granted, you have to get the coins from somewhere… this means one or more trips to the bank and having a decent amount of extra cash that you can cycle into coin rolls. At $5 for a roll of dimes, or $10 each for a roll of quarters or half dollars, this can quickly add up to several hundred dollars or even a thousand bucks or more in change. The good news is you now know how to cherry pick the silver coins quickly. The bad news is that silver coins are few and far between and there are no guarantees that you’ll even find one, let alone several… Plus, once you’ve sorted through the coins, you’ll have to cash the clad (non-silver) coins back in. Depending on your bank, this may or may not be extremely painful.
So in the end, there are still silver coins floating around out there, waiting for someone savvy enough to snag them up. But the time and effort involved means it’s not economical in the least bit and is better suited as a hobby.
Of course, if you REALLY want to find silver in pocket change, it’s tough to beat getting a job as a cashier. 🙂