When people come to buy gold at the Doylestown Gold Exchange, owner Greg Glemser offers them a history lesson.
Until 1964, quarters had silver in them. Fifty years ago, a quarter would have been worth, well, a quarter of a paper dollar.
But because of the silver in the coins, quarters from that era have grown in value. A dollar will buy you half a gallon of gas these days. The money from a silver quarter will fetch you nearly twice that amount.
Still, Glemser cautions people who visit him for a precious metal investment consultation that they shouldn’t buy gold or silver with the expectation that they’ll make money.