Free Silver From Your Bank

I’m signed up for a bunch of newsletters on getting rich quick, most of which are about making the sender of the newsletter rich, but this one caught my eye.  “How to collect real “hold-in-your-hand” silver from your local bank“, the email subject line promised, so I decided it was too tantalizing to pass up.  Silver – from my bank?  Mine has free cookies and coffee when you come in the lobby, dog bisquits if you’re Fido is riding along through the drive-through, but silver?  That’s a freebie I’d like to hear more about!

The email linked to this page, which is an almost half-hour Flash animation with no speed controls and doesn’t really tell you the secret to free silver.   You can pretty much read the content of the flash video here, which provide a few tantalizing clues.  The only verifiable facts in the video are that the silver is available due to a “government mandate” called H.R. 2934, and that it ended in 1971.

H.R.s – house resolutions – start counting over every session, but the particular H.R. 2934 that applies to silver that you can get from a bank would be the Coinage Act of 1873, which demonetized silver and established the coins we know and love today.  Silver coins continued to be minted until the Coinage Act of 1965 reduced or eliminated the silver content of nearly every coin.  That is, except the silver half-dollar, which kept its silver content until 1971.

And that, friends, is the “loophole” of the Stansberry Research plan, solved without purchasing their program.  The “exact five words” that they’re going to teach you must be something like “got any half dollar rolls?”   What Stansberry is hoping is that, since half-dollars are still legal tender but are rarely used, banks still have old, dusty rolls of them piled up in their vault.  Some of those rolled half-dollars are probably old silver coins from before 1971. Since the bank will give you a roll of 50 half-dollars for $25, if you don’t find any silver you just re-deposit the coins and you haven’t spent anything.

The thing here is:  this is actually a pretty good idea. Although the Mint most likely sold or destroyed any silver coins in their inventory by the 1980s, people have been socking away their coins for years, and it’s not crazy to think that silver ones have been deposited at a bank at some point.  With the popularity of coin-counting machines it’s likely that the silver half-dollars, slightly heavier than their current copper-nickel siblings, would probably be kicked out by the machine and given closer scrutiny, reducing the likelihood that the coin would be accepted as a regular 50¢ coin.   So, what you’re looking for is a needle in a haystack…but since the coins are traded at face-value, you’re only out your time, not your money.  This practice is similar to the people who bought rolls and rolls and rolls of the state quarters in hopes of discovering errors or finding extra-fine quality coins for the collector market.   There’s a bit of work involved, but there is a potential for payoff if you put enough time into it.  Whether or not it does is the gamble, hardly the sure thing that Stansberry Research would like you to believe, but if you’ve got the time, like panning for gold, it might pay off in the end.

7 thoughts on “Free Silver From Your Bank

  1. I was checking the Stansberry letter until I saw “H.R. 2934.” Then I knew what to “Google.” So Idid and found out the 5 magic words and the secret of the whole festerus. Google iw a wonderful invention. Thanks for revealing the secret without my having to read the rest of Stansberry’s painfully slow letter.

  2. i find more silver using a metal detector, and get more exersize than sitting on my ass going through rolls that have more than likely been picked through already.

  3. I searched seven banks in my local area and found only one bank had coins in their vault…I received $443.00 worth and took them home to look for 50 cent JFK dated prior to1971…. None have been found in examining more than half the rools….Most are dated 1776–1976…the two year bicentinional issue… I did not use any “Five Secret Words” in the effort to get assistance from the Bank Tellers who told the Bank Manager for what I wanted with paper cash in hand saying I want exchange for silver coins…..ONe teller told me that she exchanged 8 silver dollars last week but wer don’t have any more….My inquiry was a learning process in that I noted that the younger tellers d on’t know Silver Coins from Clad colored silver coins….Older aged tellers and most Bank Managers know what you want…..I was told that the bank could not order Silver coins from the Federal Reserve Bank…All the Banks that I made inquiry with were FDIC affiliated…… I obtained a few Eisonhower clad coins but none have a S mint symbol…

    If you have additional information, Please ive me a detailed email. P.K. .

  4. It is always good to do your research before you spend any money. There are a lot of scams out there. When it sounds to good to be true, wellllllll.

  5. i’m sorry you guys didn’t find anything.I appreciate your comments. i’m glad i looked this web up. again if too good to be true, it is right.too good to be true.I went through that whole vedio. I’m sure that doctor got his PhD from mechanics Illustrated.