U.S. Coins Currently In Circulation

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Those collecting coins from pocket change are probably wondering:

What kinds of coins can I find in circulation?

While it is theoretically possible to find any legal tender coin in circulation, including old and even rare issues, the likelihood of finding such coins in your pocket change is small (but not impossible).

Assorted_United_States_coins_public_domain.jpgThis brings us to remember that the grand majority of the coins to be found in circulation today are primarily from among the cent, nickel, dime, and quarter denominations, and are usually coins struck from sometime during the last few decades.

Half-dollars have not been regularly seen in circulation in many years (but can be found at banks), and dollar coins have yet to reach their circulation potential -- many can be found at banks, some stores, and certain vending machines which operate for transit authorities and the U.S. Postal Service.


U.S. Coins In Circulation

Pennies, nickels, dimes, and quarters commonly found in circulation are:

  • Lincoln cents, generally from the 1930s-40s to the present

  • Jefferson nickels, first minted in 1938

  • Roosevelt dimes, minted from 1965 to the present

  • Washington quarters, minted from 1965 to the present (this includes 50 State Quarters)


NOTE:  All the above denominations have yielded error coins (those which bear mistakes while being printed at the U.S. Mint) that can be worth anywhere from face value to thousands of dollars.

By the way, you may want to keep your eye out for foreign coins, which occasionally pop up in U.S. circulation. It is highly possible to find Mexican coins in U.S. regions near the U.S.-Mexico border, and Canadian coins frequently turn up near the northern border and in other locations where Canadians frequently shop and visit.

 

Are There Silver Coins In U.S. Circulation?

Now, looking at the list of U.S, coins above and their accompanying dates, you may realize that there is a rather limited range of available dates -- especially the case with the dime and the quarter.

While Washington first appeared on the quarter in 1932 and the Roosevelt dime was first struck in 1946, it is improbable that you will find any of these early coins in circulation. The reason? They were minted from a 90%-silver composition, and these coins were virtually eliminated from circulation decades ago as hoarders, speculators, collectors, and others looking to hang on to these silver coins pulled them from circulation thanks to the rising value of the metal in these coins.

The same applies to silver half dollars and silver dollars of decades ago, too. The last silver dimes and quarters were struck in 1964. Hence, you will find that collecting these coins with dates from before 1965 is nearly impossible -- if done solely from searching coins in circulation. While silver dimes and quarters do turn up every now and then, the availability of these coins from circulation is negligible.

 

More About U.S. Coins Found In Circulation

1937-wheat-penny.jpgLincoln pennies first appeared in 1909. While pennies with earlier dates than those from the 1930s or 1940s can and do show up on occasion, issues from the early decades of the Lincoln cent series generally saw far lower mintages than those of the 1930s and especially those from the 1940s and later. These coins therefore became relatively much scarcer in circulation than the more recent pennies, which saw mintages of a billion or more by the mid-1940s. Any Lincoln cent dated from before 1959 is of the "wheat" back design.

jefferson-nickel.jpg Jefferson nickels debuted in 1938, but in a few short years would yield a variety of high intrinsic value due to the rationing of nickel for the war effort. To comply with ration codes, the U.S. Mint had to begin minting 5-cent pieces from a combination of silver, copper, and manganese. Silver Jefferson nickels, struck during 1942 through 1945, bear a large mintmark over the dome of Monticello, and thus are easily recognized from the regular Jefferson nickels which do not have a mintmark on the top half of the reverse.

As is the case with silver dimes and quarters, silver Jefferson nickels are very difficult to find in circulation -- though they do appear from time to time.

Keep in mind that modern-day circulation yields coins like the 50 state quarters and the 1976 Bicentennial quarter. Plus, in 2009, the U.S. Mint will strike 4 special commemorative pennies honoring the bicentennial of Lincoln's birth; these coins will be released into general circulation.

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5 Comments

Mark said:

Can anyone tell me how how many coins are currently circulating in the USA and what their total value is in money. Are they worth about $19billion? Am I completely wrong?

Joshua said:

Hi, Gio,

1964 dimes are actually very common, though they are rarely ever seen in circulation because people pulled them out of circulation many years ago due to the value of the silver in those dimes.

By the way, 1964 was the last year the U.S. Mint struck silver dimes for circulation.

A silver dime like that is worth at least the bullion value of the silver in them. A 1964 dime contains roughly $1 of silver---give or take a bit---based on the current but fluctuating price of silver.

Gio said:

i have a 1964 silver dime and i want to to know if its rare or not

Joshua said:

Hi, Arthur:

Hmm...this is a U.S. dime with the picture of Roosevelt on the front, right?

I have not seen or heard of something like that, but from the way you describe the coin, it sounds like perhaps someone may have trimmed the coin's diameter down, perhaps through rubbing or scraping on a hard surface.

This may also be a novelty coin of some type....

At any rate, I cannot find seem to find any documentation of an error resulting in a U.S. "dime" smaller than the typical dime.

The copper ring is normal for a copper-nickel dime, which were first struck in 1965.

arthur said:

ever seen a dime thats a bit smaller with a copper looking ring on the edge. this is the first i ve seen

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Photos

  • American Civil War token - Photo in public domain
  • Coin folder: a 50 state quarters album. photo by Ronald Heft
  • A state quarters collection. photo by CK
  • The long line of people who were waiting to be among the first to buy the Hawaii State Quarter from a bank in Hawaii the day it was first made available to the public. photo by nsub1
  • Here's an example of a State Quarter folder album. photo by Joshua
  • 2006 proof silver eagle coin
  • 2006 50 dollar one-ounce gold coin
  • A 1999 gold eagle coin against Christmas wrapping paper. photo by Joshua
  • A 1993 silver eagle coin against birthday wrapping paper. photo by Joshua
  • 1924 Saint-Gaudens double eagle coin is a good example of a regular relief coin.
  • Martin Van Buren dollar coin
  • 2009 Ultra High Relief Double Eagle coin

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