If you are like me, your children are going stir-crazy from this cold winter. It has been 4 weeks since it has been above freezing, so my kids can’t even go outside and play in the snow. Here’s a fun activity to give your kiddos something to fill their time. Do you or your kids have a piggy bank? Take it out and look at what years your coins are. Due to the increasing prices in silver, some of your coins may be worth more than face value.
If you find a coin from before 1964 (anything but pennies) you can head over to CoinTrackers and type in the year, and select what type of coin it is. It will tell you the coins value:
- Most dimes before 1964 are worth $2.34.
- War Nickels from 1942-1945 are worth $1.82. Other nickels contain no silver and are worth $.05, unless they are super old which you’re unlikely to find in your piggy bank.
- Quarters before 1964 are worth $5.85.
- Half Dollars before 1964 are worth $11.70
- Half Dollars between 1965- 1970 are worth $4.79
Did you find any?
Out of all the coins shown in the picture before, none were 1964 or before. :( But it was fun for my kids to look through them. Let us know if you find any. If you have a relative, like my husband’s grandpa, who’s has had a coin jar in his house for decades, you are much more likely to find them. Can’t wait to go through that jar!
What is an American Silver Eagle?
First let’s start with Spot. Spot is just the name the price of silver or gold is currently going for. Since 1986, the United States has minted one-dollar silver coins called “Silver Eagles.” Each contains a minimum of one troy ounce of 99.9% pure silver. If you try to buy these, most of the time, Silver American Eagles are $3 – $5 or so above spot.
Right now, my husband tries to by Silver American Eagles for $35, since spot is around $32.30. It doesn’t matter what year the U.S. mint issued a Silver Eagle. These are selling online at places like GovMint.com for $39.99. To get them for less, you can look at the Better Business Bureau website, BBB.com and type in your zip code and look for local coin shops that should be legit (I can’t guarantee they are though). They may have better prices; my husband recently got some for $33 that are 2012 Silver Eagles.