Topic: Possible infinte money idea

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With the rising prices in silver, one silver quarter has about $6.20 of silver. So in theory couldn't you go to a bank and run 20 dollar bills through a machine and break even, and maybe get a $6 quarter every now and then. It's like gambling with no risks.

Updated by null0010

I can't answer this question seriously with your avatar staring at me like that... •-•

Updated by anonymous

Thats a lot of quarters to carry home for a few extra bucks lol

Updated by anonymous

How common are quarters with that level of silver in them? It'll take time to exchange all those bills for coins, hunt out the silver coins, sell those for metal and re-exchange the pile of quarters for more spendable cash. Depending on the frequency of silver quarters, you're likely to be better off just getting a(nother) job.

Updated by anonymous

BrerFox said:
How common are quarters with that level of silver in them? It'll take time to exchange all those bills for coins, hunt out the silver coins, sell those for metal and re-exchange the pile of quarters for more spendable cash. Depending on the frequency of silver quarters, you're likely to be better off just getting a(nother) job.

Touche

Updated by anonymous

What kind of state uses pure silver coins?

I mean, a bit silver in some coins, sure, why not? But pure silver coins?
That's just crazy.

And even if this is true, I doubt your silver quarter has the same weight as a quarter (pound? dunno) of silver.

Updated by anonymous

Well, assuming all quarters are the exact same run and series, and that you won't get any quarters with less silver. and assuming you can find a good buyer, and assuming that you have days on end to spend time on nothing but exchanging, appraising, selling, buying and cashing money, then yes.

Updated by anonymous

If you had that kind of money to exchange you'd be better off--

Wait no. Why am I giving free business advice to furries.

Updated by anonymous

NotMeNotYou said:
What kind of state uses pure silver coins?

The United States, for one, until 1965 (90% silver, 10% copper in quarters).

And even if this is true, I doubt your silver quarter has the same weight as a quarter (pound? dunno) of silver.

A silver quarter is a literal quarter (the US coin) made of (90%) silver. I'm not sure where you're getting the idea that a "quarter" is a unit of mass.

Let's see if the OP is wildly off, shall we? A US silver quarter is 6.25g of 900 fine silver, or 5.625g silver content. Yesterday, silver on COMEX closed at $34.30 per oz. Silver is traded in troy ounces, and one troy ounce is 31.1g. So silver is (as of COMEX close on September 17) valued at $1.103 per gram, giving a value of $6.20 for the silver in a silver quarter. The OP's math checks out fine.

Updated by anonymous

Snowy said:
The United States, for one, until 1965 (90% silver, 10% copper in quarters).
A silver quarter is a literal quarter (the US coin) made of (90%) silver. I'm not sure where you're getting the idea that a "quarter" is a unit of mass.

Let's see if the OP is wildly off, shall we? A US silver quarter is 6.25g of 900 fine silver, or 5.625g silver content. Yesterday, silver on COMEX closed at $34.30 per oz. Silver is traded in troy ounces, and one troy ounce is 31.1g. So silver is (as of COMEX close on September 17) valued at $1.103 per gram, giving a value of $6.20 for the silver in a silver quarter. The OP's math checks out fine.

Sure, the value per coin checks out. But the important thing is what your "hit rate" for getting pre-1965 quarters via exchange at a bank. And the time it'll take to 'fence' the silver coins, what cut your metal broker gives you on that.

As I suggested before- I just don't think it's worth the time.

Updated by anonymous

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