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Free Money!
By Max | August 28, 2007
Ok everybody, here is my gift to you. I found a 1956 quarter tonight. Back then, quarters were made with actual silver. The current quarter is made of copper and nickel.
After I did a little checking on ebay, I found that actually silver in the form of old Washington quarters can be bought for less than their meltdown value. These quarters were produced between 1932-1964. Coinflation.com lists the meltdown value of a 1964 quarter at $2.11 today. A lot of these auctions are ending for prices of around $2/coin. Perhaps you’ll get lucky and strike a good deal. Be careful to wait until the day the auction ends before bidding, so you can be sure of the price of silver on that day.
Check it out:
Topics: Million Dollar Ideas | 6 Comments »
August 28th, 2007 at 7:06 am
I see a lot of ads for Wii accessories…
August 28th, 2007 at 11:55 am
Mine shows quarters.
Just search for 1964 Washington quarters on ebay if its not displaying properly.
August 28th, 2007 at 4:37 pm
I’m told that you can go to the bank and order $1000 of some coin (the 1942-1945 Nickel, for example, which are worth 13 times face value). You pick out the coins that are worth something and then just deposit the ones that aren’t and you can’t really lose money (since the ones you turn in are still worth what you paid for them).
The person who told me about this last year said that she made hundreds. It probably takes a lot of time to sort through that many nickels.
Anyhow, if a bank will really give you that many of a coin, you could probably do it with quarters.
August 28th, 2007 at 5:43 pm
Banks will give you that much in coins, but they may need advance notice that you are coming to pick it up so they can make sure to have enough on hand. When I worked at the credit union, we had several members who would come in for large amounts of coin, but they would always call first. Larger banks probably have plenty though.
August 28th, 2007 at 10:18 pm
Most of the valuable coins are picked through, and it probably is worse than a full time job in terms of pay too.
I doubt there are many 1942-45 nickels in circulation.
September 5th, 2007 at 10:59 pm
I will have to keep my eye out for these.