The phrase denotes the monetary value of a United States quarter dollar coin minted in 1959 and composed of 90% silver. This intrinsic silver content significantly influences its market price, exceeding its face value of twenty-five cents. For instance, if silver is trading at $25 per ounce, the coin’s melt value, representing the raw silver within, will be a substantial multiple of its face value.
The inherent worth of these coins derives from a combination of factors. Primarily, the silver content ensures a base value tied to prevailing silver market conditions. Secondly, collector demand introduces an additional layer of valuation. Certain mint marks or rare conditions can elevate the collectible premium well above the silver melt value. This intrinsic worth also protects the coin from complete worthlessness even in times of economic instability, as the silver itself retains value.