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The futility of searching circulating coins for silver- Washington Quarter edition
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<p>[QUOTE="BigsWick, post: 506446, member: 3534"]Perhaps, perhaps not.</p><p><br /></p><p>I posted in another thread how I found 34 silver halves last week, evenly split between 2 boxes. Since one of the boxes had an '04-P in it, I'd assume it was packaged very recently. In that case, based solely on numbers, I'd bet those halves had not been in circulation and did indeed come from a "stash" and were rolled and boxed up together. 34 is too many to have come from multiple sources at once and then wind up in rolls together. That, in turn, lends some creedence to your argument.</p><p><br /></p><p>Conversely, I've also had boxes with rolls of newer halves that contained one or two silver coins. Those, I'd bet, <b><i>did</i></b> circulate and wound up in someone's hands who didn't know what they had. They just tossed them in with the 71s and up, and that was that until it was time to cash out.</p><p><br /></p><p>It has been my experience that the vast majority of the non coin-collecting public believes <b><i>all</i></b> Kennedy halves are "valuable" because they are so rarely seen. In that sense, to them a '64 is no different from a '69 which is no different than an '89. It is valuable simply because it is a Kennedy half. Never mind the number minted, the condition, what if any silver content, etc.</p><p><br /></p><p>Equally important and relevant is that these same folks are, in the main, clueless when it comes to silver content. And, when it is confirmed to them that they do indeed have a silver coin, the "uninitiated" tend to vastly over estimate the value of common circulated silver. Accordingly, if they believe it is silver, they are much less likely to spend it at face value.[/QUOTE]</p><p><br /></p>
[QUOTE="BigsWick, post: 506446, member: 3534"]Perhaps, perhaps not. I posted in another thread how I found 34 silver halves last week, evenly split between 2 boxes. Since one of the boxes had an '04-P in it, I'd assume it was packaged very recently. In that case, based solely on numbers, I'd bet those halves had not been in circulation and did indeed come from a "stash" and were rolled and boxed up together. 34 is too many to have come from multiple sources at once and then wind up in rolls together. That, in turn, lends some creedence to your argument. Conversely, I've also had boxes with rolls of newer halves that contained one or two silver coins. Those, I'd bet, [B][I]did[/I][/B] circulate and wound up in someone's hands who didn't know what they had. They just tossed them in with the 71s and up, and that was that until it was time to cash out. It has been my experience that the vast majority of the non coin-collecting public believes [B][I]all[/I][/B] Kennedy halves are "valuable" because they are so rarely seen. In that sense, to them a '64 is no different from a '69 which is no different than an '89. It is valuable simply because it is a Kennedy half. Never mind the number minted, the condition, what if any silver content, etc. Equally important and relevant is that these same folks are, in the main, clueless when it comes to silver content. And, when it is confirmed to them that they do indeed have a silver coin, the "uninitiated" tend to vastly over estimate the value of common circulated silver. Accordingly, if they believe it is silver, they are much less likely to spend it at face value.[/QUOTE]
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