The worth of a United States coin minted in 1964 comprised of 90% silver is subject to fluctuation based on two primary factors: its silver content and its condition. The intrinsic worth derives from the prevailing spot price of silver, multiplied by the coin’s silver weight. Numismatic assessment, factoring in wear and tear, grading and rarity also contributes to its market price. For instance, a circulated example might be worth only its silver melt value, while an uncirculated or error coin could command a significant premium.
The significance of these coins lies in their historical context and precious metal content. They represent a tangible piece of mid-20th century United States coinage and serve as a hedge against economic uncertainty due to their silver composition. The coins appeal to collectors, investors, and those interested in preserving a tangible asset whose worth is tied to the commodity market.