The worth of a United States quarter dollar minted in 1964 and composed of 90% silver is intrinsically linked to the prevailing price of silver on the precious metals market. Unlike clad quarters produced in subsequent years, these coins possess inherent metallic value. This intrinsic value fluctuates daily based on silver’s spot price and the coin’s silver content (approximately 0.18084 troy ounces). Furthermore, the condition of the coin, ranging from circulated to uncirculated, significantly influences its potential worth beyond the melt value.
The significance of these particular coins stems from their historical context as the last year silver was used in United States circulating coinage. Their inherent value provides a tangible hedge against inflation and currency devaluation. Moreover, they appeal to both investors seeking precious metal assets and coin collectors interested in numismatic history. The coins offer a relatively accessible entry point into precious metal ownership due to their lower individual price point compared to larger silver bars or rounds.
