The worth of a 1964 quarter primarily hinges on its silver content and condition. These coins, unlike those minted later, are composed of 90% silver. Consequently, their intrinsic value is tied to the current market price of silver. A quarter in circulated condition will typically be valued based on its melt value the inherent value of the silver it contains. Factors such as wear and damage can influence this valuation.
The significance of understanding this coin’s value lies in its historical context as one of the last circulating silver coins in the United States. The Coinage Act of 1965 eliminated silver from dimes and quarters, marking a turning point in U.S. coinage history. This distinction elevates these pre-1965 coins beyond mere face value, making them attractive to collectors and investors alike. The benefits of assessing its value include understanding the interplay between precious metal markets, numismatic value, and the impact of historical events on collectibles.
