What started out to be an easy idea – get the spare change out of the piggy bank – sent us down a couple paths. Can you really find a boatload of cash floating around your house? Are there any hidden gems? Is it worth the time investment?
When we were doing editorial planning for the site a month or so ago, one of the ideas we had was that we’d explore Junk Silver in more detail. Well, we were able to do a little bit of that earlier – if you missed the post, check it out over here: Junk Silver – but we feel as if we’ve just scratched the surface in our house. Yes, that’s right, time for some spare change follies. (I don’t know WHAT we’re thinking.)
Step One: The Piggy Bank.
It’s actually a cute little piggy bank. It’s not a pig, it’s teddy bears. And it’s not shaped like an animal, it’s shaped like a British telephone booth.
One of the things about this experiment here at 10KaYear is that we’re planning on tracking just about everything. Spending. Saving. Earning. Time Spent.
Wait, what’s that last one?
Yes, Time Spent – maybe, more accurately, “Time Invested,” is one of those things you can do to figure out whether or not whatever you are doing is actually worth your time…and, in turn, worth your money.
So, at 1:09 p.m., we snapped the photo of the piggy bank and began our journey. We dumped everything out on the table and started looking for…well, hidden gems.
In addition to the junk silver we’re after, we’re also really curious as to…what ELSE might be in the bank.
Spare Change Follies Continue…with…
A bunch of 1965 Quarters!!!
Yes, they have no melt value. There’s no silver in them. That’s the closest we came to anything that looked and felt like junk silver.
You can learn a little more about the melt value of current coins in circulation by visiting this interesting site: Coinflation.
We spun through all the quarters, it took us a few minutes, and then we were on our way. Teaser: we found…well, something interesting. Photo way at the bottom.
Off to the bank!
Remember those Coinstar machines that used to be everywhere? Maybe they still are everywhere; we don’t know because we don’t look for them. We know that, anytime we need to cash in the coinage, we head on over to our bank – which has a machine in the lobby. We go to an old school bank (DISCLOSURE: It’s Fifth Third).
Here’s also where we learn how we’re not very good at guesstimating: our guess is…$45.
The total? $72.71.
We like the sounds of that…in fact, we plan on adding it to our “Running Total” page, so you can keep track of our developments, and maybe even start comparing your developments to ours.
How long did it take us?
To save this amount of change: It has been…well, a little while. We’re not sure the last time we cashed in the spare change. Let’s guess it’s been a little over a year.
This particular exercise: running it over to the bank after checking for anything valuable? 30 Minutes. Well worth it, we think.
Especially once we tell you about the thing we found that the machine would have rejected…
How about you? Got any spare change? Is it time to cash it in?