1964 silver coinage that was circulated before 1965 is known as junk silver. This title is not meant to suggest that they are devoid of value, as they do have value, but in general not for collectors, also known as Numismatists. Beyond their face value, coinage has a value when melted down that is directly related to the price of the metal in the commodity markets.
Since these coins were a composite ratio of 90/10 silver and copper, the melt value would be based on the 90% ratio, plus the weight of the coin, as both relate to the current market value of the metal. For examples, if the metal is valued at $34.00 an ounce and weighed 6 grams, 90% melt value would be around $6.00. All coins retain their face value, whether dimes, quarters, half dollars or dollar pieces, but their melt value fluctuates with the market.
Based on the formula for determining melt value, common sense dictates the metal currency that is of a larger size and weight will be valued higher than those that are more diminutive. The largest of U. S. Metal coins is the one-dollar piece. In this classification, two primary coins, the Peace Dollar and the Morgan Dollar have premium values, but because they were released previous to 1965, they fall into the realm of junk.
The availability of a piece of metal currency can add a premium to its value. Such is the case with the Walking Liberty Half-Dollar. Not surprisingly, the Half-Dollar earned its name as having the face value of one-half of a full dollar. The metal composite ratios of both are the same, but the weight in grams is exactly one-half as well. Two well known pre-1964 pieces are named for U. S. Presidents, Benjamin Franklin and John F. Kennedy.
1964 silver quarters include the Standing Liberty which was last circulated in 1930 and the Washington that last circulated in 1964. As with the other coins, their composition is the 90/10 ratio. Based on their smaller gram size, their melt value in current markets is a little over $6.00.
For the investor who seeks low-risk investments, long range statistics prove metal to be fairly safe, as well as providing increased returns over the years. An investor has the choice of buying shares in the metal commodity markets, purchasing bars of bullion, buying up coins, jewelry and sundry tableware for their meltdown value, or a combination thereof.
The melt value of a coin is directly related to how it is priced in the metal commodity markets. If the metal were to become a scarce commodity then the price would skyrocket. Safeguards have been put into place to avoid a singular takeover of any metal in the world silver market since the Hunt brothers, U. S. Oil executives, cornered the market in the 1970s in an attempt to influence the prices. As a result, in 1989, Nelson Hunt was fined 10 million US and banned from ever trading commodities again.
Historians believe that the earliest metal coinage was created in the region of Ephesus around 700 B. C. Or earlier in 650 B. C. Different coin styles emerged in differing regions until the Roman Empire spread across the Mediterranean, Northern Africa and what was then known as Gaul. Roman coins became the coin of the empire and are of particular interest for avid Numismatists.
Since these coins were a composite ratio of 90/10 silver and copper, the melt value would be based on the 90% ratio, plus the weight of the coin, as both relate to the current market value of the metal. For examples, if the metal is valued at $34.00 an ounce and weighed 6 grams, 90% melt value would be around $6.00. All coins retain their face value, whether dimes, quarters, half dollars or dollar pieces, but their melt value fluctuates with the market.
Based on the formula for determining melt value, common sense dictates the metal currency that is of a larger size and weight will be valued higher than those that are more diminutive. The largest of U. S. Metal coins is the one-dollar piece. In this classification, two primary coins, the Peace Dollar and the Morgan Dollar have premium values, but because they were released previous to 1965, they fall into the realm of junk.
The availability of a piece of metal currency can add a premium to its value. Such is the case with the Walking Liberty Half-Dollar. Not surprisingly, the Half-Dollar earned its name as having the face value of one-half of a full dollar. The metal composite ratios of both are the same, but the weight in grams is exactly one-half as well. Two well known pre-1964 pieces are named for U. S. Presidents, Benjamin Franklin and John F. Kennedy.
1964 silver quarters include the Standing Liberty which was last circulated in 1930 and the Washington that last circulated in 1964. As with the other coins, their composition is the 90/10 ratio. Based on their smaller gram size, their melt value in current markets is a little over $6.00.
For the investor who seeks low-risk investments, long range statistics prove metal to be fairly safe, as well as providing increased returns over the years. An investor has the choice of buying shares in the metal commodity markets, purchasing bars of bullion, buying up coins, jewelry and sundry tableware for their meltdown value, or a combination thereof.
The melt value of a coin is directly related to how it is priced in the metal commodity markets. If the metal were to become a scarce commodity then the price would skyrocket. Safeguards have been put into place to avoid a singular takeover of any metal in the world silver market since the Hunt brothers, U. S. Oil executives, cornered the market in the 1970s in an attempt to influence the prices. As a result, in 1989, Nelson Hunt was fined 10 million US and banned from ever trading commodities again.
Historians believe that the earliest metal coinage was created in the region of Ephesus around 700 B. C. Or earlier in 650 B. C. Different coin styles emerged in differing regions until the Roman Empire spread across the Mediterranean, Northern Africa and what was then known as Gaul. Roman coins became the coin of the empire and are of particular interest for avid Numismatists.
