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Coin prices are determined by their base materials, unlike stamps, artwork, and sports cards, among other collectibles. In the world of collectibles, a penny may only be worth a cent, but the metal that makes it can be worth more in recycling. This also applies to quarters, especially those struck before 1965.
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That year is significant because, according to Wired, before 1965 US quarters were 90% silver. This means that just one quart of silver content can be worth several dollars. Given that an antique quarter weighs 6.25 grams, each contains about 5.6 grams of silver. The US Mint began producing copper-nickel clad quarters for circulation in 1965, although the metal content of such coins is significantly lower than that of silver.
Excellent pre-1965 quarters may be worth enough to buy a pleasant dinner. A quarter of 1964 brought $47.15 at auction in 2014, according to the Specialty Metals website. That’s about $61 in modern currency. Even the damaged pre-1965 quarters should fetch a few rupees each.
Specialty Metals recommends going to a trusted rare coin dealer in your area to find out the value of your old quarter if it’s in good condition. If you want to recycle old quarters for their silver content and make a quick buck, here are three strategies to increase your chances of finding one.
3 Ways to Recycle Old Quarters and Make Money Fast
Check Your Loose Change
Examining your home, drawers, vehicle, piggy bank, bed, pockets and other areas should be the first step in any coin search. With millions of old quarters still in use, you may have encountered them unknowingly. Practice going through all your quarters and put away the pre-1965 stuff.
Ask To Sort Through Coins Belong to Friends and Family
In every home, you can be pretty sure, a cup or drawer can be replaced somewhere. See if you can find old quarters from the coins of your friends and family. Maybe they prefer someone else does it. Tell them that you can split the profits from any significant discoveries.
Purchase Quarter Rolls at the Bank
This is a quick and easy way to get multiple quarters at once. A bank roll contains forty quarters, so each roll would cost $10. It all depends on when the bank introduced the quarter, so it’s not guaranteed that you’ll find many old ones in this roll. If you are lucky enough to get an earlier roll, there may be some quarters in that 1965 date.
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