not sure if this is the right place,sorry if not but is there still alot of silver to be found in bank rolled coins,i thought the coins would be checked for that befor being sent out by a machine or something,do they come from the mint or where,hope these questions do not sound to dumb,thanks
People do indeed find silver in bank rolls. It usually takes alot of searching, but it still happens.
It is the luck of the draw. I sorted and rolled $45.00 worth of dimes that we saved up out of pocket change and found (1) 1964 in the bunch. I was happy!!! But you must remember that people will always be bring rolled coin to the banks from their homes and businesses that may contain silvers. I had a great conversation with a teller just a few days ago. She was telling me about some young fellow who brought two rolls of mercury dimes in stating that his grandmother had given them to him. What a fool. Of course the tellers today grab them up for themselves of for other collectors as a favor. Keep you eyes open, because anything is possible.
6 months ago i got a peace dollar from my bank. 2 months ago i got 12 walking liberty halves and 2 franklins loose not in rolls from a bank teller. this week 6 silver nickels,3 indian head cents and 1 liberty nickel all in rolls from that customers had brought in. anything is possible. takes time and going to a variety of banks thou. I love going thru rolls!
Nice finds ikes4ever. I've searched about 10 boxes of halves and have found 2 Franklins, 14 90% Kennedys, and 74 40% kennedys. Halves will definitely give you your best chance to find silver. I've only had one box without any silver.
poggie: Anything is possible, from finding wheat cents to Indian head cents in rolls. I have found silver in rools, but it is not as common as you may wish. Oh, how I wish the 1970's were here! But then, I wouldn't have the cash to save the silver.
Friend Frank, c'mon, this is two lousey rolls of prolly worn out dimes and a young kid we're talking about. I guess that's why they have vanilla ice cream and chocolate ice cream, to each his own. Thanks, Douglas
I'm sorry Douglas (That is my middle name) but I would disagree---that is what is called Cherry picking...I'll leave it at that---there has been some hot topics about if this is good or bad...I don't think there is a cut and dried answer---it would change each time you are faced with the thing. Speedy
Disagree. Thus is the American way. We all learned by our mistakes. It does not change for the newer generations. We have the liberty of free will. If I take a roll of Mercury dimes to cash in at face value I am allowed that freedom.
thats the most ridiculious thing i ever heard. that bank tellers should notify customers when they have vauluble coins. why not have tellers tell them they have a star or radar note too.why not have coinstar machines kick out all silver coins in the reject bin for you to keep. as long as the teller gave the kid $10 for 2 rolls of dimes theres no prob.
I am assuming the Grandmother new at the time she gave her grandson the dimes that they were silver and told him they were old. There are many times in our life when ethically and morally we must decide right from wrong ,this is not one of these occasions the teller is under no obligation to tell the young man the coins are valuable because they are made silver .The teller made the exchange as the customer requested and the transaction was completed. BRUCE "THE FRANK GROUP"
I agree, the bank has no obligation to tell anyone how collectible a coin is. The kid should have brough it to a coin dealer if he really wanted bang for his buck. After all, any coin can be a collectible. Maybe the kid would rather have a few candy bars than rolls of dimes with "some lady with a funny hat." I mean, what if they made everyone keep what they thought was collectible? Remember, a bank teller doesn't have enough knowledge to appraise coins, or even know what some of the key dates are. It's up to the customer to do that. Once I spent two rolls of silver roosevelt dimes from the 50's, all AU50 to about MS67 for food. I was desperate and in between jobs. Had I known the spot price of silver at the time, I would have taken them to the coin dealer and gotten about $75 to buy food with. My bad, but I learned. That kid will probably kick himself later, but we all gotta learn somehow how precious even "regular" coins can be.
Let's look at this from another perspective, shall we? Assume YOU are the teller. And further assume you are a coin collector. Now what would you do in the real world? Not a hypothetical moral fantasy but a real fast moving situation. I think some of us would say nothing and bring the coins home. Some of us would honestly help the kid out. So what's to say the kid just wants cash? What's to say the kid will thank you and just turn around and bring the rolls to another bank? Who misses out then?
Ya, 20 years from now he will relive the memory and regret how little he knew and how the teller smiled in that funny little way as he walked out the door with a 10 dollar bill in his hand. Honestly, I may have kept the dimes too and thus cannot blame the teller. But, it would have been a nice ending if the teller had said - hey kid, take these to a dealer and have them apraised before you turn them into cash. Finding a rare coin here and there from someone who did not know better or didn't care is one thing. This sounds like it was a kid that had no idea that he was doing something that maybe he should not have. Where is the lesson in that. If it was me, I would have felt better as a person in my community by at least asking if he knew they might be rare and that he may want to check with his parents before cashing them.
To add to my post about ethically and morally, if the teller "new" the coins were worth more because of the silver content. And the young man asked he or she if the coins were worth more because they had silver in them and he or she said no they are only worth face value then yes that would be ethically and morally wrong. BRUCE.
As I reread walterallen's post he says "young fellow." If what he means is someone older than 16 then no problem. As a young adult he should have known better and his loss. The teller regardless has no obligation but to do her job and that I agree with and understand...
how many tellers have you actually seen break open rolls when your turning in rolls. they could have sat for weeks. any kid could have used the internet to see how much there worth. people nowadays are too lazy thats all it is.
What is the basis for the unspoken assumptions running through this thread that the teller opened the rolls while the kid was at her stations, or that she knew at that time that they were worth substantially more than face value? IMHO there is a huge difference between the obligations of a bank teller asked to exchange one kind of money for another, and the obligations of a coin dealer offered some coins for sale. Should a teller examine every coin in a roll offered for deposit or exchange to make sure there are no 1909s VDBs?
