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No silver US Coins are still being held by banks. It would make no economic sense to do that.
Many silver US coins have been minted but not for circulation. Among these are;
- Silver "eagle" coins minted since 1986. These are really bullion pieces and are intended for collectors and investors but not for spending
- "Prestige" proof dimes, quarters, and halves included in special proof sets minted since 1992. Prestige coins are struck in the original 90% alloy used till 1964 for circulating coins. Again, these are sold only to collectors
- 1964-D Peace dollars. A trial run was made but the price of silver shot up and the coins were worth more than $1 each so they were melted instead.
What else can I help you with?
What coin minted 1970 never circulated with silver content that banks still hold?
The coin minted in 1970 that never circulated with silver content is the 1970-D Kennedy half dollar. While it was produced with a small number of coins containing silver, the majority of the 1970-D coins were made with a copper-nickel composition and were not released into circulation. Many banks still hold these coins, as they are considered collectible due to their limited mintage and unique composition.
Where are coins minted at US Mints distributed to be circulated?
US Coins go from the Mint to one of 12 Federal Reserve Banks and then to local banks were they are released into circulation.
Do banks hold rare coins?
Generally not. Old circulated silver coins occasionally turn up, but banks don't make a point of keeping rare coins in stock.
Can one get free silver from banks?
no
Where can you get a silver dollar?
True silver dollars haven't been minted since 1935 so you'd have to buy one from a dealer or collector. As of 05/2010 expect to pay a minimum of about $15 for one of these coins. If you're using the term "silver" dollar to refer to modern clad copper-nickel or brass dollars, most banks should be able to provide them. These coins are common and are only worth $1.
Where are coins located in the US?
After being minted, coins are sent through to banks throughout the USA.
What is value of 1971 uncirculated eisenhower dollar?
Not much I'm afraid, unless it has an "S" mintmark and is 40% silver and worth about $6.50-ish in silver content. Collector demand for Eisenhower dollars are rather low and many banks still have non-silver Ike dollars in stock if you ask for them.
How much are silver dollars worth to buy at banks?
You generally can't buy silver dollars or any older silver coins at a bank. Because the value of the coin greatly exceeds the face value of the coin, if someone wanted to deposit a silver dollar they would only give them $1 for it, when the coin is worth at least $30 in silver content. Because of this few people ever deposit silver coins and the ones that are deposited are bought by the bank employees as curiosities. The only "silver" dollars you might find at a bank are Eisenhower dollars, but these contain no silver and are sold for $1, but since many people keep them as curiosities, there are few banks that carry them in stock, but at some banks you might find a few. Some banks do sell silver proof sets and other collector coins, but the prices that they sell it for is much more than it would cost you to go to a coin shop and buy the exact same set for.
What does circulation mean for coins?
This is a bit of a simplification, but the term refers to coins that have been spent in commerce. Newly minted coins are shipped to banks for use in change-making. Up to that point the coins are considered to be uncirculated, but once they've been used in retail transactions and mixed with other coins they're said to circulated.
What does uncirculated mean on a Morgan silver dollars?
Uncirculated means that the coin has never been handled and used in commerce. An uncirculated coin may still have some bag marks on it from when it was taken to banks but shouldn't show any wear on the surface of the coin (for example, on the reverse, all the Eagle's breast feathers should be visible and crisp, on a circulated coin those feathers are often quickly worn down). Uncirculated coins for older coins usually trade at a premium over the silver content in them, but keep in mind that some unscrupulous dealers will mark coins that are lightly circulated as uncirculated but if you take them to a reputable grading company such as PGS they will grade them as almost uncirculated.
Will banks buy my silver bars and coins?
No, banks do not usually buy silver coins. However, you can always go to a silver and gold dealer and exchange your precious metals for hard cash there.
Can you buy silver dollars at the bank?
Some banks do sell American Silver Eagles, but they do not hold and sell silver coins that are turned in.
