The worth of a 1964-dated coin containing 90% silver is primarily determined by two factors: its intrinsic metal content and its condition. Common examples, circulated and showing wear, derive the majority of their value from the silver they contain. This is in contrast to rare or uncirculated versions, where numismatic demand can significantly increase their price.
Understanding the fluctuating market price of silver is crucial. This intrinsic value provides a baseline, below which the coin’s worth is unlikely to fall significantly. Moreover, these coins represent a tangible piece of history, a vestige of an era when US currency was directly tied to precious metals, making them appealing to both investors and collectors.