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re: Tips from MT Coin Collectors
Posted on 12/27/12 at 7:41 am to Lsut81
Posted on 12/27/12 at 7:41 am to Lsut81
quote:
but can someone explain to me where the value is in old silver coins, pre 1964 or whenever they quit using silver?
The silver content is worth more than the monetary value. I believe they contain 95% silver.
Posted on 12/27/12 at 7:58 am to HeadyMurphey
quote:
The silver content is worth more than the monetary value. I believe they contain 95% silver.
Dimes, quarters, half dollars and dollar coins minted 1964 and prior are 90% silver. For a short period starting in 1965, Half dollars were minted with 40% silver and then I believe in 1976 all coins were minted with an alloy composite. Coins dated 1964 and prior are what's referred to as junk coins, unless they are graded. Those are 90% silver and people collect them mostly due to the silver content.
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