![]() ![]() In this frantic period, probably 99.99 percent of all circulating silver coins had been pulled out of circulation and either melted or, in the case of mint-condition rolls and better-date coins, put away. Peak prices of $48 per ounce were reached by 1980 for silver, and over $900 an ounce for gold. In early 1980, many coin and jewelry shops posted their daily buying prices for silver coins, sterling silver jewelry and scrap silver, as well as gold coins and jewelry since gold, too, was on a rapid climb. ![]() Huge price jumps were recorded on a weekly and even daily basis. Through most of the 1970s, the price of sliver rose, and by late 1979, silver speculation was at a fever pitch. Starting in 1971, these coins, too, became silverless. The half dollars of 1965 through 1970 were clad coins, but still contained 40 percent silver. The new dimes, quarters and halves were made with a copper nickel coating over a copper core commonly referred to as "clad" coinage. The price of silver was on its way up from the long-fixed price of 91 cents per ounce prior to 1964, to $1.29 after 1964. By 1970, silver coins were still found in daily use, but in declining numbers as compared to a few years earlier. It was the end of a long-running era of silver coins going back to 1793. ![]() Hen the Kennedy half dollar was released in 1964, it was to be the last of the 90-percent silver half dollars minted for general circulation. Photo by Eddie Sadiwa and Leon Worden / The Signal. Dimes and quarters after 1964 and halves after 1970 are a copper-nickel alloy with little intrinsic (metal) value their edge appears silver and copper, bottom. Halves dated 1965-70 are 40-percent silver their edge appears silver with a line of gray or black, middle. Dimes, quarters and half dollars minted through 1964 are 90-percent silver and are worth more than face value today their edge appears all-silver, top. You can quickly tell if your "silver" coins are really silver by turning them on edge. Sol Taylor: Where Have All the Silver Coins Gone? ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |