What is interesting about U.S. coins is that prior to 1965, some of the U.S. coins
had 90% Silver content. Prior to 1965, U.S. Mint realized that the price of Dimes,
Quarters, and Half Dollars alloy content was exceeding their face value. As a result,
U.S. mint came out with alloy mixture called Clad. Clad generally is a 75% copper
and 25% nickel mix. This new mixture brought the face value of Dimes, Quarters,
and Half Dollar down but not to the point where it would justify production. Generally
speaking, for lower denominations, it costs U.S. Mint more money to produce coins then
it worth their face value. Currently, many rumors are going around regarding U.S.
government’s new plan to stop coin production period. One has to keep in mind, by
creating State Quarter Program; U.S. Mint injected millions of collectors worldwide
into coin collecting hobby. Although, there has been talk about production of collector’s
coins only for collection purpose, I personally have not heard anything concrete regarding
the circulation coins.
It is important to pay attention when scanning through Dime, and Quarter rolls. It
is very possible that you might run into one that is pre 1965 which will have significantly
higher price than their face value. Generally, I have run into few Dimes and Quarters prior
to 1965 but not enough to make the hunt a regular daily task. Also, U.S. Mint will sell you
coins above their face value because they are in uncirculated condition. It is important
for you to know if you do happen to run into uncirculated coins from the bank, it worth’s
more than their face value. Once, I had a teller handing me 4 rolls of uncirculated Dimes.
It was my lucky day. Ask teller if he or she has uncirculated rolls if you are bargain hunter
like me. If time is money for you than just go to U.S. Mint and purchase the uncirculated
rolls. Obviously, you will not be able to sell your brand new roll of Dimes for a profit,
if you do than you know something I don’t. General rule of thumb is that you want to hold
on to your brand new roll for an extended period of time. That does not mean you cannot find
someone that needs to complete his or her set. I am both an investor and a collector; as a
result, I collect different denominations based on their value. I have my investment coins,
collector coins, and my error coins. Depending on what your personal needs are, you might
want to try different strategy. See the section under Coin Book Sales for my top picked books.
These books will tell you what you might want to do regarding investing time and effort into
Another, interesting factor in U.S. coins are their purpose of their production at the
given time. For instance, the Trade Dollar was strictly created to compete with Mexican Dollar
for overseas trade. This unusual strategy gave the Trade Dollar a unique role in coin collecting
hobby. The Trade Dollar will sell for nice premium when sold at any auction, but you also have
to watch out for many counterfeit ones that are currently in circulation. Other denomination
with an interesting fact behind it is the three-cent piece. This denomination was created during
mid 1800’s for its purpose to buy stamps which was 3 cents during that period. It survived till
late 1800’s and then it dropped out of favor because of inflation.