Can You Still Buy Silver Dollars From The Bank

Strange as it may seem a toronto silver collector was put in a very awkward position when two banks refused to honour legal tender.

Can you still buy silver dollars from the bank.

Mint which coined silver dollars and gold coins. The silver half dollars from 1964 and earlier including the 1964 jfk half dollar the 1948 1963 benjamin franklin half dollar or if you re really lucky the walking liberty half dollar that was minted from 1916 1947 are all 90 silver and that silver content is at 23 silver worth a little less than 8 20. The silver dollars coined had 46 grains of silver the standard set by the spanish dollar. They can be purchased directly from the u s.

Because the value of the coin greatly exceeds the face value of the coin if someone wanted to deposit a silver dollar. It s worth checking with your bank or even a bank at which you re not a customer to see if you can trade your dollar bills for dollar coins. You only have to invest your time in using this risk free methodology. However you will need patience.

You generally can t buy silver dollars or any older silver coins at a bank. Silver dollars have a 1 00 face value but are at least 90 silver. From 1794 to 1935 the treasury coined about 900 million silver dollars. You buy the coins at face value search them for errors varieties and rare coins and then sell the rejects back to the bank to get more coins to examine.

These silver dollar coins would be great additions to any collector. Do this several times and you will certainly experience the very common outcome of getting skunked or finding no silver at all in a 500 box of half dollars. The coinage act created the u s. You can t go wrong with searching bank wrapped rolls of coins.

One catch 22 is that even if you buy legal tender coins from the bank the bank can refuse to take them back. United states half dollars quarters and dimes minted before 1965 were made from 90 percent silver and it is still possible to find these valuable coins in circulation. By buying rolls of these coins from your local bank you can earn money while effectively paying for nothing except for gas. Basically there are four sources from which you can buy silver eagle coins.

As of this. If you search 1000 worth of half dollars or 100 rolls two boxes from the bank you ll be very lucky to find more than two pre 1965s and two or three 65 70s. Many banks have dollar coins sitting in their vaults simply because most people don t like using them for making actual purchases.