The value of a 1964 silver dollar, specifically a Peace dollar, is primarily determined by its silver content and condition. Because these coins are 90% silver, their intrinsic value fluctuates with the current price of silver. Collector demand and the coin’s physical state also significantly influence its worth. A coin in circulated condition will typically be valued at or slightly above its silver melt value, while uncirculated examples can fetch a premium.
These dollars represent a tangible piece of American history and a hedge against inflation due to their precious metal content. For collectors, these coins offer a glimpse into a specific era of coin production and design. Understanding the factors that impact the prices is crucial for both buyers and sellers looking to engage in the numismatic market or simply assess the monetary worth of inherited or found coins. The 1964 silver dollar was actually never officially released into circulation by the US Mint, adding to its potential collectibility.