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Jump to content. Main menu. Main menu. ... The following mint marks indicate which mint the coin was made at ... 1932–1964 (Silver) Year Mint Mintage [1] [2] Comments
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% ...
Congress passed the Coinage Act of 1965 in July, under which the Mint transitioned from striking 1964-dated silver quarters to striking 1965-dated clad quarters. [35] Beginning on August 1, 1966, the Mint began to strike 1966-dated pieces, and thereafter it resumed the normal practice of striking the current year's date on each piece.
The silver in a dollar's worth of quarters would be worth more as bullion than as money if the price of the metal rose past $1.38 per ounce, and there was widespread hoarding of silver coins. Demand for the Kennedy half dollar as a collectable drove it from circulation after its debut in 1964.
It was minted in 0.2204 oz. (6.25 g) of 90% fine silver until 1964, when rising silver prices forced the change into the present-day cupronickel-clad-copper composition, which was also called the "Johnson Sandwich" after then-president Lyndon B. Johnson. [13] As of 2011, it cost 11.14 cents to produce each coin. [14]
Pre-1964 "junk" silver coins continue to be traded in bulk for their metal content. The fact that they have been minted proves weight and purity and makes them preferred over silver of unknown origin. Melting coins would reduce them to an unrecognizable mass of silvery metal which would have to be weighed, and assayed for purity, each time it ...