The composition of certain mid-20th century United States coinage, specifically a denomination featuring a striding representation of Liberty, includes a substantial amount of the precious metal. These coins, circulated widely, contain 90% of that metal by weight, the remainder being copper. This alloy contributed to their intrinsic value, fluctuating with market prices for the precious metal itself. An example is a circulated piece from 1943, whose value derives not only from its collectibility but also from its metal content.
The presence of this intrinsic metal is an important factor for numismatists, investors, and individuals interested in precious metal assets. It provides a tangible store of value, distinct from face value. Furthermore, the historical context of this metallic composition reflects a period when circulating currency directly correlated with the value of precious metals, a practice largely abandoned in later decades. This characteristic makes these coins desirable for both their historic significance and inherent worth.
