Coins from 60s and 70s

So recently i've noticed how there are many coins that i receive in change that are from the 2000s, 90s and 80s, and much less from the 70s and 60s (quarters, dimes and nickels mostly) so I decided, why not just start saving these old coins? I am finding a bunch of quarters and dimes from 1965 especially which was obviously the first year after they stopped using silver. Anyway, my point is, these coins are becoming old, in less than a decade they will be 50 years old! I think that with the new state quarter designs and such, the washington quarters with the eagle could become like the new wheat cent pennies (maybe in about 30 years or so but still). Is there a chance that I might actually have a good idea or am i just wasting my time even thinking about it. Thanks

 

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It's a decent idea, but at least another 250,000 people have had the same one.

 

There was a Found in Rolls article on this in CoinWorld a few weeks ago. Basically, he said that he's starting to keep coins from the 60's(and 70's?) because of a new perspective on how old and old coin is.

 

I put some coins from the 60's into my baby nephew's piggy bank. They're not worth anything to me. But by the time my nephew is my age they'll be over 60 years old, so at least he'll have something kind of historical.

 

eh, I use them.
Unless its a shiny cent, then i'll put it in my album.
obviously pre 1964 quarters and dimes I'll keep. other than that, anything 1960 and older gets back into circulation.

 

I would concentrate on the VF or better 1983 P and 1983 D Washington quarters not the coins from the 60's or 70's.

Lou

 

Why the 1983 quarters?!?!

 

There was no mint set for that year so the collectors will have to get the coins circulation or BU rolls that where saved. Collector in the 80's did not save the clad quarters.

Lou

 

I think that putting that money in a savings account for the future would be a much better idea. The increase in value of many coins from the 60's and 70's is just not there. Example was the stupid Bicentennial Quarters. Back in the 70's myself and a friend thought those would be the coin of the future. A few years ago I had accumulated hundreds of dollars worth. My friend had thousands of dollars worth. I tried numerous coin shows and asked ifanyone wanted to buy them. A few dealers said $0.24 each as a joke, meaning they didn't want anything to do with them. ALL of ours ended up in a bank for face value. If that same money would have been in the bank from back then, we would of at least made few cents interest.
Hoarding coins of massive mintages is just hoarding and of no monitary value.
If doing it for a youngster, I really think a savings account would be a better way to go.

 

He is also a member of CT.

 

Remember, billions of clad coins were minted in the couple years following the switchover to copper clads.

 

That's a pretty cool idea...

 

I think a savings account is one of the dumbest things ever thought up by man. You have to either have $8,000,000 in it or leave it for 1000 years. If I had hundreds or thousands of dollars to spend, I'd put it in gold and put it in a safe or bury it. In my opinion, nothing is a better investment than a big hunk of gold. I keep all the Bicentennials I find still, but only as a curiosity. I wouldn't hoard hundreds. If I did, though, they would be cashed in for a half ounce of gold or a tiny dribble of platinum.

 

In 1982 and 1983 the Mint store in Philly sold Uncirculated Souvenir sets it had all the coins plus a bronze Mint medal

The Dever store also had them

 

By the way, I only keep silver, wheats, foreign, S-mint marks, BU and AU Lincolns from 1998 or earlier (no real value, but it's for my niece later on) and errors of course. 1960's coins do not interest me in the least.

 

Savings accounts are ok, depending on which bank you are with. The problem is that because your money is safe, you will receive very little interest on it.

 

I'll keep any coin that seems nice, or nearly uncirculated. On occasion I find quarters and nickels from the 70's through to the 90's that must have just came out of a roll for the first time. They may have been made in the hundreds of millions, but 99% or more of them are well circulated, and the population of uncirculated pieces is usually smaller than most coins of ten times their age, just because most were not saved or collected. Todays moderns are sleepers in high grades. I know...I know...nobody wants to collect the junk. But, our kids will someday be willing to pay a hefty premium for the stuff to whoever has it then.
Guy~

 

I guess the same thing could be said about the state quarters. I have been going to the banks since 1999 and getting 5 to 8 rolls of Philly ones which I will be going through one of these days. The mint has made many state quarters but many more people collect them. I'm going to keep them for awhile because lots of people will be spending there's and MS-66 and higher will have value IMO

 

This whole thread is making me feel "collectible" AND old. Wow, in five years I'll be 50!

Seriously though I can see keeping nicer 82 and 83 quarters. One might also consider 86 P and D halves. Original rolls of all of these command nice premiums even though there were a gazillion minted.

High grade MS examples of clads will continue to move as so many people did ignore them. Got my set (of quarters) BEFORE the start of the state quarters. That set has done well. As for circulated - I spend em.

 

Normal reaction to savings accounts though. At least with a savings account, there will for sure be some profit. With Gold, Silver, Platinum, coins, stamps, Beanie Babies, you just never know.
There was a story on, not sure if twilight zone or Alfred Hichcock, but this rather broke guy found or made a time machine that would put him to sleep for long periods of time. He put a few dollars in a savings account, went to sleep for many, many years and when he woke he had a lot of money in interest. He went back to sleep over and over and over and each time woke up wealthier. Getting a little panicy he told the bank people to put all his interest in gold. The next time he awoke he saw Gold everywhere. It appeared that scientist had figured out how to make Gold from Lead. He ran to the bank to find he now had the original few dollars he put in the bank.
Nothing is for sure.