Is there a possibility of the state quarter rolls that were passed down to me being silver? I know this is probably a ridiculous question so I apologize for that. I thought silver coins only came in proof sets. I have a lot of those but I keep seeing "silver state quarter rolls" on ebay. I tried to google it but there are so many conflicting answers I don't know what to believe. Also don't know if the ones on ebay are just the sellers being deceptive. Those rolls sell for a lot more. Thanks to everyone for your experienced advice!
Yes its possible but only for S mint marked ones and the edge should be clear white not a brownish color.
If they were mixed circulated rolls, there is a slight possibility of there being a pre-64 silver quarter in there. Very slim.
The only way a silver state quarter would be in a roll is if someone breaks up a SILVER proof set, (most proof sets are not silver), and put it in there. Since silver has always been worth much more than face value the entire time of state quarters, it would not be a case that someone just spent it, (unless it was a thief or a child who didn't know any better). Sure, dealers sell entire rolls of silver state quarters, but they started life in a silver proof set.
I have to 'DITTO" the roll issue with finding a Silver within. As I see on eBay, coins sold as singles which are silver are from proof sets of that year. In watching auctions, roll sales don't go well, but neither does mint sets. Now with the economy writings only predicting gloom and doom, the Silver Proof Sets are getting a better price, almost always < 25. Thanks for the op to hang with y'all today Capt Sullly
Let's suppose that a dealer orders 1,000 silver proof sets from the Mint, then submits them to his favorite TPG for grading. On his submission form, he specifies that he will accept nothing less than PF69DCAM (or UCAM) for any coin in the set. But, let's just consider the silver proof quarters. Let's further assume that 75% of the quarters grade PF69DCAM (or UCAM) or better. That means that the dealer has 1,250 silver quarters that did not make the grade. He then has a choice. He can (1) dump them for a price close to their melt value or possibly (2) roll them for a little bit more profit. Those are the options!
Yes, in this TPG world, one basically assumes all raw coins have already been rejected by TPG for the high grades unless it comes in the original mint packaging.
Thank you all so much for your explanations! Still trying to figure these quarters out and learn about them. Your help is appreciated!
The enders in your picture look pretty nice, and could be described as "silver" in color. I suppose the sellers could argue that they are describing the condition (silver state) rather than the metallic content or the mintage series. Buyer beware!
People will break apart silver proof sets for various reasons, submitting for grading is one of them, they aren't going to submit the cent or the nickel, just the silver for the kennedy the dime and the quarters. now a company like HSN or any of the other home shopping coin shows might submit in bulk and have a cut off of PF69 and all the rejects below that (and the majority should grade PF69 or 70) would get returned raw, and they would sell it as a roll of silver S mint proof quarters since they are out of the mint packaging. the clad proof set comes out each year first, they submit those whole, but they really don't need the non silver coins in the silver proof set by the time that comes out. their markups are high enough to toss out the non silver coins or put them in circulation or dump them at a bank. Hope this makes sense. you aren't going to find silver state quarters with P or D mintmarks, at least not real ones, you may find plated ones, they exist out there also and pop up from time to time. a collector of kennedy halfs or roosevelt dimes might break the silver proof sets for that one coin for their album, and then pile up the remaining coins into a roll to sell them to recover some of the cost of the silver proof sets. figure if they only want the kennedy, and buy the set each year, they put 5 silver quarters and a dime in tubes. 5 quarters a year, so in 8 years they are sitting a on a full roll of S silver quarters they don't want or need really. lots of reasons for this to happen. At my LCS a guy came in with rolls of 40% silver bicentennial halfs and quarters, he inherited a bunch of sets he said, and said broke them down so he could sell them as the silver for melt. he sold the shop two rolls of each.
Just for giggles, I thought this visual may be helpful. In each row, the two coins far left are uncirculated clad quarters. Third coin from the left is a clad proof. Far right is a silver proof. The clad proof and the silver proof aren’t that different in appearance other than the silver is a bit whiter. The telling clue is the edge….. Anyway I thought a side by side may be helpful for you.
Meow puts most BU rolls away in tin cans unopened. Especially if there is no chase within (Ws, known errors, etc.)
Thank you the picture really does help! I see what you’re saying about it being whiter. Subtle difference but it’s definitely there.
What would be interesting now would be to put a piece of single ply tissue paper over the top two rows and see if the silver would show through it more than the commercial strikes or the proof...