A 1964 Pure Silver Quarter refers to a quarter-dollar coin that was minted in the year 1964 and is made entirely of pure silver. This particular coin holds significance among collectors and numismatists due to its unique composition and historical context. In this article, we will delve into the various aspects of the 1964 Pure Silver Quarter, including its history, design, composition, value, and the factors that contribute to its desirability among coin enthusiasts.
- 1. History of the 1964 Pure Silver Quarter
- 2. Design of the 1964 Pure Silver Quarter
- 3. Composition of the 1964 Pure Silver Quarter
- 4. Value of the 1964 Pure Silver Quarter
- 5. Factors Affecting the Desirability of the 1964 Pure Silver Quarter
- 5.1. Silver Content
- 5.2. Historical Significance
- 5.3. Rarity
- 5.4. Coin Grading
- 6. Frequently Asked Questions (FAQs)
- FAQ 1: How can I identify a 1964 Pure Silver Quarter?
- FAQ 2: Are all 1964 quarters made of pure silver?
- FAQ 3: How much is a 1964 Pure Silver Quarter worth?
- FAQ 4: Can I spend a 1964 Pure Silver Quarter?
- FAQ 5: Where can I buy a 1964 Pure Silver Quarter?
- FAQ 6: How should I store a 1964 Pure Silver Quarter?
- FAQ 7: Can I sell a 1964 Pure Silver Quarter for more than its face value?
- Conclusion
1. History of the 1964 Pure Silver Quarter
The 1964 Pure Silver Quarter holds a special place in the history of American coinage. Prior to 1965, quarters and other denominations, including dimes and half-dollars, were composed of 90% silver. However, rising silver prices and the increasing demand for the metal led to a change in the composition of these coins. The United States Mint decided to discontinue the use of silver in circulating coins and transitioned to a copper-nickel alloy known as cupronickel.
Therefore, the 1964 Pure Silver Quarter represents the last year in which quarters were made with a composition of 90% silver and 10% copper. This change marked a significant shift in the history of American coinage, making the 1964 Pure Silver Quarter a sought-after collectible item.
2. Design of the 1964 Pure Silver Quarter
The 1964 Pure Silver Quarter features the iconic design of the Washington Quarter, which was first introduced in 1932 to commemorate the 200th anniversary of George Washington’s birth. The obverse side of the coin features a portrait of George Washington, the first President of the United States, facing left. The words “LIBERTY” and “IN GOD WE TRUST” are inscribed above and below the portrait, respectively.
On the reverse side, the coin showcases an eagle with outstretched wings, clutching arrows and an olive branch, symbolizing America’s military preparedness and desire for peace. The words “UNITED STATES OF AMERICA” and “QUARTER DOLLAR” surround the eagle, with the denomination displayed prominently.
3. Composition of the 1964 Pure Silver Quarter
The 1964 Pure Silver Quarter is composed of 90% silver and 10% copper. Its total weight is 6.25 grams, with a diameter of 24.26 millimeters. The coin has a reeded edge, which aids in its identification and authentication.
To further understand the composition of the 1964 Pure Silver Quarter, let’s break down the percentages of silver and copper in the coin:
| Composition | Percentage |
|---|---|
| Silver | 90% |
| Copper | 10% |
4. Value of the 1964 Pure Silver Quarter
The value of a 1964 Pure Silver Quarter depends on several factors, including its condition, rarity, and demand among collectors. As a general rule, the higher the grade and the better the condition of the coin, the higher its value will be.
At the time of writing, the approximate value of a circulated 1964 Pure Silver Quarter ranges from $5 to $7. However, if the coin is in uncirculated condition, meaning it has never been used in commerce and remains in pristine condition, its value can be significantly higher, ranging from $10 to $20 or more.
It is important to note that numismatic values are subject to fluctuations in the market, and the prices mentioned here are intended as a rough estimate. To determine the exact value of a 1964 Pure Silver Quarter, it is advisable to consult reputable coin dealers, auction houses, or online price guides specifically tailored for coin collectors.
5. Factors Affecting the Desirability of the 1964 Pure Silver Quarter
The 1964 Pure Silver Quarter is highly desirable among coin collectors and enthusiasts due to several factors:
5.1. Silver Content
The 1964 Pure Silver Quarter contains a significant amount of silver, making it an attractive investment option for those interested in precious metals. Its silver content gives it inherent value beyond its face value.
5.2. Historical Significance
Being the last year of the 90% silver composition in quarters, the 1964 Pure Silver Quarter holds historical significance in the transition of American coinage. Collectors often seek coins that mark important milestones in the evolution of currency.
5.3. Rarity
Although millions of 1964 Pure Silver Quarters were minted, their availability has decreased over time due to hoarding, melting, and general attrition. This scarcity contributes to their desirability and potential value.
5.4. Coin Grading
The condition, or grade, of a 1964 Pure Silver Quarter greatly affects its value. Coins in higher grades, such as Mint State (uncirculated) or About Uncirculated, tend to command higher prices due to their pristine condition.
6. Frequently Asked Questions (FAQs)
FAQ 1: How can I identify a 1964 Pure Silver Quarter?
To identify a 1964 Pure Silver Quarter, look for the year “1964” on the coin’s obverse side. Additionally, the coin’s composition can be verified by checking its weight and diameter. A 1964 Pure Silver Quarter weighs 6.25 grams and has a diameter of 24.26 millimeters.
FAQ 2: Are all 1964 quarters made of pure silver?
No, not all 1964 quarters are made of pure silver. While quarters minted in 1964 are composed of 90% silver, quarters produced after 1964 are made from a copper-nickel alloy.
FAQ 3: How much is a 1964 Pure Silver Quarter worth?
The value of a 1964 Pure Silver Quarter varies depending on its condition and other factors. As of now, a circulated 1964 Pure Silver Quarter can fetch between $5 and $7, while an uncirculated one may be valued at $10 to $20 or more.
FAQ 4: Can I spend a 1964 Pure Silver Quarter?
Technically, a 1964 Pure Silver Quarter still holds its face value of 25 cents and is recognized as legal tender. However, due to its silver content and potential numismatic value, it is advisable to keep it as a collectible rather than spending it as ordinary currency.
FAQ 5: Where can I buy a 1964 Pure Silver Quarter?
1964 Pure Silver Quarters can be purchased from various sources, including coin dealers, online marketplaces, coin shows, and auctions. It is essential to ensure the authenticity and quality of the coin when making a purchase.
FAQ 6: How should I store a 1964 Pure Silver Quarter?
To preserve the condition and value of a 1964 Pure Silver Quarter, it is recommended to store it in a protective holder, such as an airtight plastic capsule or a coin album designed for long-term storage. These holders help prevent damage from environmental factors and handling.
FAQ 7: Can I sell a 1964 Pure Silver Quarter for more than its face value?
Yes, it is possible to sell a 1964 Pure Silver Quarter for more than its face value, primarily due to its silver content and collectible status. However, the final selling price will depend on factors such as condition, rarity, and market demand at the time of sale.
Conclusion
The 1964 Pure Silver Quarter holds a special place in the realm of coin collecting, symbolizing the end of an era in American coinage. Its historical significance, unique design, and silver composition contribute to its desirability among collectors and numismatists. While its value may fluctuate over time, the 1964 Pure Silver Quarter remains an intriguing piece of American numismatic history.
