Well, with your excellent and overwhelming dearth of information I can’t understand your question.
I have a bird on my head..
Go to the bank and buy some rolls of Kennedy 1/2 dollars.
You might get lucky and get a pre ‘71, in which case you’ll be ahead.
there is no loophole. people are told to ask if they have any half dollar rolls and exchange bills for coins, and then expecting to see the bank has left olderhalf dollars that are either 90% or 40% silver in therolls.
success varies and you will morethan likely be unimpressed/disappointed.
It’s likely predicated on old monetary policies. Back in the day, the phrase on your paper money used to say “This bill is legal tender for all debts public and private and may be redeemed at the Treasury for gold or ‘lawful money.’”
You used to be able to turn in cash for gold or other commodities of value. Now our system of tender is just a house of cards.
You can usually order Silver Eagles through a bank. I suppose that it would also be relatively easy to pay an internet middleman along the way if you choose to.
It’s not a scam, exactly.
If you order rolls of Kennedy halves, there is a small chance that some will be dated 1965-1972, which are 40% silver, and a tiny, TINY chance that some will be dated 1964, which are 90% silver.
It’s not a scam, just a way to get cheap silver. here is what they will tell you to do.
1) Take $100 and go into a bank.
2) Ask the teller for $100 in customer rolled dimes, quarters and/or half dollars. Notice, I said customer rolled. These are rolls that customers bring in for paper dollars.
3) Take the rolls home, bust them open and pull out any silver dimes/quarters (pre 1965?) and half dollars (pre 1971?).
Your haul varies, and the end result is you get silver coins at face value. Over the past 4-5 years it’s gotten harder and harder to find silver coins this way; it can be done, though.
I assume its lawyerspeak.
They say “no cost to you”. Well if you exchange bills for silver coins it’s not costing you anything but your not making money except in valuation fluctuations.
Thanks for the response. Makes sense now. Though I don’t know how they intend to make money with this ad. Anything to attract eyes to their web site I suppose.
Seems like none of you have heard this ad. I assumed it was national but maybe it’s just being played locally.
The minute you hear the word “loophole” (or “ridiculously easy trick”) the OFF switch should trip in your brain.
I’ve heard the same commercials.
I suspect his assertion is that you can walk in to a bank, give a teller $20, get two rolls of quarters, and find silver quarters in them.
I don’t recall seeing silver (pre-’65) coins in general circulation in DECADES.
I still don’t know the 5 magic words either.
Employees at the armored car companies, I have been told, regularly scan the coins being sorted in hopes of finding silver dimes, half-dollars, and quarters. They pull those relics (of a better, vanished time) out of circulation.
One could walk into any bank, ask for as many rolls of half dollars as you can afford and pay face value. Then spend the evening looking at the edges and dates of the coins. Out of $1,000 one may find a silver piece or two.
This was a popular trick back in the 80’s when the Hunt bros. were scamming silver. It’s used up now.
There have been some silver coins in circulation for decades, although they are steadily drying up. Many young people have no clue about them. My wife has been a restaurant cashier for many years and has brought home a number of silver coins handed to her by customers. One customer, an urban Amish type, paid for her hamburger with a nice 1921 silver dollar! I figure stuff like that has been reintroduced into circulation from stolen collections.
I used to “exchange dollar bills” for silver bars at a bank near where I worked.
No big secret or anything, they just sold 1 oz silver bars at the current price of silver. I would buy them as gifts for my wife, birthday, anniversary, etc.