Collecting The 1964 Silver Quarter| 1964 Silver Quarter
The 1964 silver quarter was the last year that US quarters would be minted in 90% silver composition.
Dimes & quarters became copper clad in 1965, while half dollars continued to have a lowered 40% silver content from 1965 through 1970. The reasoning was that the amount of silver in the coins at this time was worth more than the coin’s face value. The change from silver coinage that had the intrinsic worth of its silver content to clad coinage with no intrinsic value put some interesting economic laws into affect that continues to this day.
The Philadelphia mint struck 564,341,347 units of the 1964 silver quarter & the Denver mint struck 704,135,528 1964 D silver quarters.
This is roughly 5-7 times more 1964 silver quarter coins than were minted in any other year for the Washington quarter. The following year, the base metal clad coinage had no value beyond the force of the government’s decree that it should be accepted as payment. This type of money is called fiat money because its only value is that forced on the bearer by government decree. Nearly 2 billion 1965 quarters were minted & an interesting monetary phenomenon called Gresham’s Law was put into affect.
Gresham’s law states that bad money drives out good money. In practice, this means that when given a choice, people will save money that has intrinsic value & spend fiat money on their debts. This is exactly what began to happen. As a result of this change to base metal coins, the 1964 silver quarter & earlier silver coinage began to rapidly disappear from circulation. A great quantity of these coins were most likely melted down in the 1980′s silver boom, but they are still available, & as a result of Gresham’s Law, chances are many examples of the 1964 silver quarter will show little to no signs of circulation.
The current economic downturn has been created & exacerbated by the fact that our money supply is backed by debt & not tangible assets like silver & gold. Our money no longer has any intrinsic value. The stock market has lost over 50% of its value because our government no longer practices a sound fiscal policy.
One way to protect yourself is to invest in some old silver coins like the 1964 silver quarter.
Buying the 1964 silver quarter in bulk is a good way to park your savings in a tangible asset.
More silver is required for industrial uses than is currently mined, so its value is likely to remain stable or rise with time. Since they did not spend a long time in circulation, most silver quarter specimens will also have much more eye appeal than earlier, well worn coins. The 1964 silver quarter contains .1808 ounces of silver each & are a easy way to store a fair amount of wealth in a relatively small place like a safety deposit box. The 1964 silver quarter is currently worth around $3 apiece circulated & 6 or seven bucks uncirculated. The 1964 silver quarter is easy to buy on eBay & this is my favorite way to buy or sell coins. Registration & purchases are easy with the following links. Please bookmark this page & check back often as new auctions are listed!
You must be a member of eBay to bid but Registration is FREE!
Take Me To The eBay Registration Page!
[phpbay]1964, , “11962″, “”[/phpbay]
The 1964 silver quarter is available both individually and in bulk on eBay!