At $30/oz, $1 face of junk silver is worth about $21. So if you managed to find that $1 face value for $1, you’re ahead $20. Not bad.
One of the easiest ways to find silver is to go to the bank and ask to buy half-dollars. Most of them will be regular half dollars, but occasionally you’ll find a coin from before 1971. Pre-’65 coins are 90% silver, and ’65 – ’70 are 40% silver. Not quite as nice, but still good.
Another good option is to take $20 bills to laundromats in your area and get a bunch of quarters from the change machine. Obviously this doesn’t work if the machines vend tokens, but many of them don’t. Once you have a bunch of quarters, go through them and pull out anything that’s pre-’65. It’s 90% silver!
Of course the absolute easiest thing to do is to simply dump your change into a container on a regular basis, then sort through it to find any silver that might be there. We do this, and usually find a couple silver coins during our sorting.
Some of you have asked me about nickels and pennies. I’ve got mixed feelings here. Yes, the intrinsic value of both current nickels and pre-’83 pennies is higher than the face value. But from a ‘density’ perspective, it doesn’t seem to make sense to me.
So for pre-’83 pennies, I’ll keep them if I find them but I don’t go out of my way to find them. For nickels, I simply keep all of the nickels that end up in our change jar. I don’t go out of my way to get nickels from the bank. But if you wanted to, I wouldn’t think less of you!
What are some creative ways you’ve found to get junk silver for cheap?