Friday, October 12, 2012

:Junk" Silver at low premiums

A lesser known fact is that from 1965 to 1970, half dollar coins were minted in 40% silver.


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THIS IS THE CLASSIC JUNK SILVER
For all fractional coins after 1873 until 1965, they are based on .7234 ounces to the dollar. (the dollar coin remained unchanged, and thus fell from circulation)

Thus they contain:

Half-Dollar ≈ .3617
Quarter-Dollar ≈ .1808
Dime ≈ .07234
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From 1942-1945 Silver "nickels" were minted at 35% thus ≈ .0563
From 1965-1970 Half-Dollars were reduced to 40% thus ≈ .1479
From 1971-1977 Dollars were minted at 40% thus ≈ .3162
*Two 40% halves do not = one 40% dollar.
*Each of the 40% coins and the 35% nickels do not compare to any other coinage standard, including each other.

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