We had a client visit our Roseville, CA, location who wanted to learn more about pre-1965 US coinage. After I explained what US coins contain silver and told him about all the exceptions, he decided it would be easier to bring his coin collection into the store for us to sort through. After our initial meeting, he returned a few days later with more coins than he originally brought to us. I’m not talking about 20 coins but rather a five-gallon bucket full of pre-1965 coins! So for the next couple of hours my co-workers and I sorted, counted, and checked dates on at least four thousand coins, most of them being half-dollars and quarters. When we arrived at a total price, we couldn’t believe it…the check amounted to over $28,000.00! The customer told us their father had collected the coins since he was a child and what they brought in was only HALF of his collection. This story goes to show, you never know what you might have; you could be sitting on a fortune and not even realize it!
Here a five common questions customers ask about Pre-65 Coins:
Are they actually silver?
Yes, pre-65 coins are indeed silver, in fact they are 90% silver.
Are some years more rare than others?
The older the pre-65 coins, the fewer quantity there are in circulation but otherwise the year does not indicate a higher value of the coin.
What should I look for to identify pre-65 coins?
If the date on the front of the coin is 1964 or before, then the coin contains silver.
How many different varieties are there?
There are many different coin faces for each denomination. Here are a few examples of the dimes, quarters and half-dollars:
What coins don’t you buy?
Pennies, they were always made of copper.
Nickels, with the exception of a few years when they were made with silver