The financial value of a United States quarter dollar coin minted in 1962 and composed of 90% silver is contingent on several factors. These include the coin’s condition, the prevailing spot price of silver, and collector demand. Coins in uncirculated condition, exhibiting minimal wear, command a higher premium than those showing significant use. The intrinsic value derived from the silver content fluctuates with market prices, influencing the overall valuation.
Possessing these coins can be attractive to collectors and investors for several reasons. They represent a tangible asset with inherent precious metal value, offering a hedge against economic uncertainty. Their historical significance also contributes to their appeal, connecting individuals to a specific era in American history and numismatic heritage. Moreover, a limited supply, particularly for coins in excellent condition, can drive up their desirability and potential value appreciation over time.