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Section 9 of the Gold Standard Act of 1900 had required the Treasury Secretary to melt silver coins that were worn or no longer current, and restrike them into new ones; this was repealed by section 203 and the secretary was given authority to withdraw and melt all worn or uncurrent coins without needing to reuse the metal in coinage. [66]
The quarter, formally known as the quarter dollar, is a coin in the United States valued at 25 cents, representing one-quarter of a dollar. Adorning its obverse is the profile of George Washington , while its reverse design has undergone frequent changes since 1998.
The term junk silver signifies silver coins without a numismatic premium. In the United States, this is taken to mean pre-1964 90% silver dimes, quarters and half-dollars; $1 face value of those circulated coins contains 0.715 troy ounce (22.2 grams) of fine silver. [26] All 1965-1970 and some 1976 Kennedy half dollars are minted with a 40% ...
If "good" coins have a face value below that of their metallic content, individuals may be motivated to melt them down and sell the metal for its higher intrinsic value, even if such destruction is illegal. The 1965 United States half-dollar coins contained 40% silver; in previous years these coins were 90% silver (.900, or one nine fine). With ...
It initially contained 6.25 grams of 90% silver until 1964 when it switched to a base-metal composition of cupronickel (75% copper, 25% nickel) clad to a pure copper core. Non-circulating versions of the quarter containing silver have also been produced for collectors since 1976.
The coin silver standard in the United States was 90% silver and 10% copper, as dictated by US FTC guidelines. However, in silversmithing, coins could come from other nations besides the United States, and thus coin silver objects could vary from 750 millesimal fineness (75% silver) to 900 (90% silver). Coins were used as a source of silver in ...
The Silver Proof set became a standard product of the United States Mint in 1992, containing a dime, quarter, and half dollar composed of 90% silver. The compositions for the penny, nickel, and dollar (introduced to the set in 2000) remained the same as in the standard proof sets. [21] In 2019, the purity of the silver coins was changed to 99.9 ...
Below are the mintage figures for the America the Beautiful quarters and America the Beautiful silver bullion coins. The following mint marks indicate which mint the coin was made at (parentheses indicate a lack of a mint mark): P = Philadelphia Mint. D = Denver Mint. S = San Francisco Mint. W = West Point Mint