1964 was the last year that 90 percent silver Washington quarters would be made for circulation. This was due to the rising price of silver, with a value that exceeded face value of the coins that it was in.
With fervor growing over the coming end of the silver Washington quarters, coin collectors and bullion hoarders alike were hanging onto millions of these coins. The United States Mint responded by pushing out a total of well over 1 billion Washington quarters bearing a 1964 date.
Here's a glance at how the mintages were spread across the Philadelphia and Denver mints. 1964, 560,390,585 minted. 1964 proof, 3,950,762 minted.
1964-D, 704,135,528 minted. Beginning in 1965, the United States Mint would begin making quarters from a 75 percent copper, 25 percent nickel composition. It would also cease placing mintmarks on coins in an attempt to discourage collecting. Further punishing coin collectors for the coin shortage, which was caused by silver hoarders, not numismatists, the Mint would not offer proof sets from 1965 thorough 1967, instead offering special mint sets, which mainly coins of lesser quality than proof coinage.
Regular proof sets and mintmarks resumed in 1968. After 1964, silver quarters would not be struck again until 1975, when 40 percent silver proof and uncirculated Bicentennial quarters were offered to coin collectors in special sets. 90 percent silver quarters wouldn't resurface until 1992, upon the launch of the annual silver proof set offering. United States coins minted before 1964 contained real gold and silver which have industrial and commercial uses.
Lots of people collect junk silver because it is easily recognized and can be used in barter to trade for other items of value. Many investors will use silver as a hedge against inflation and the decreasing value of our currency. Some folks are prepared for a day when.Uncirculated: The top grade in both quality and value, requires close examination to confirm. Inspect the highest points of design and the fine details for evidence of wear. It is most noticeable as a dulling of the surface and breaks in the mint luster. Extremely Fine: The lightest of wear and abrasion begins to show in the hair and curls over Washington's ear. Minute details have disappeared and mint luster is absent from the neck and cheek. This quarter is worn, but very lightly. Fine: Still a respectable coin despite moderate wear. The hair and curls now show only major details. The neck and chin are worn to the point of merging. However the rim and date are clearly separated. Good: All the major details show but very flattened by wear. The tops of the letters have begun to merge into the rim. In this grade, 1964 quarter value is their silver content. 17875 oz or 0.1788 troy oz of Silver. Individual coins come in protective packaging. Obverse: Features the profile of George Washington. Reverse: Depicts a heraldic eagle holding a cluster of arrows and an olive branch below.
This coin would be a great addition to your collection. Add this Washington Quarter to your cart now! Condition of coin depends on available stock at hand. All coins are normally Good or better.
If you want a really pretty coin please ask in the comments on your order and we'll do our best to select a higher grade coin for your collection. THIS LISTING IS FOR THE FOLLOWING ITEM - FORTY (40) 1964 U. SILVER WASHINGTON QUARTERS AVERAGE CIRCULATION NUMISMATIC CONDITION GOOD. Check out other listings in my store. The item "90% Junk Silver Washington Quarters $10 Face Value Forty (40) Random Coins" is in sale since Wednesday, November 6, 2019.This item is in the category "Coins & Paper Money\Coins\ US\Quarters\Washington (1932-98)". The seller is "ocklawaha_al" and is located in Ocklawaha, Florida. This item can be shipped worldwide.