The 1965 Silver Quarter
Like a rare mythical creature, the 1965 silver quarter calls to collectors with a siren song. The United States government officially stopped the production of silver quarters and dimes in 1964. The coin system went to a clad coin, copper on the inside, nickel and copper blend on the outside. A clad coin is worth roughly face value, while a silver coin is worth ten times as much. Turn your coin on its side and observe the edge. If you see two colors, silver and copper, you have a clad coin. A silver quarter will reveal only silver on the edge.
If the production of silver quarters was ended in 1964, why do people look for a 1965 silver
quarter? The best explanation is that there were some blanks left from the 1964 coins and that they were struck into quarters in 1965, thus producing a very few 1965 silver quarters. It is important to check the edge of each coin to be certain whether or not it is silver.
Coins minted prior to 1965 were 90% silver. They were worth more melted down as scrap than their face value. They were being melted or hoarded and were not in circulation. At different times in history it was common for silver coins to be melted for their silver content as it was worth more than the face value. This hoarding and destruction of coins caused a circulation crisis in the early 1960′s. It also seems that there is not actually enough silver and gold to back the currencies that the world uses so we are going to less valuable metals and to paper money. This accounts for the move to the clad quarter which is mostly copper.
The value of any silver coin is directly tied to the current price of silver. A 90% silver coin, for example, will be worth about twenty times its face value if silver is $35 per ounce. A silver quarter then will be worth about five dollars. However, to coin collector silver 1965 Washington quarter will be worth much more than the weight of silver in the coin. It is unknown how many or if any 1965 silver quarters actually exists but if one was to go to auction it would most likely sell for tens of thousands of dollars. The price you would be able to ask if you owned this rare coin would depend on interest, wear and desire.
If you are the silver coin buyer looking to purchase silver 1965 coin, be prepared to examine the coin closely. The 90% silver blanks were to only be stamped with 1964 continuing to be so stamped until June 1965, but a very few were stamped 1965. Examine any coin carefully for signs of cladding. Look on the rim for that telltale copper coloration that indicates that this is not a silver coin. Quarters struck in 1965 have no mint mark as those were temporarily discontinued through 1967. At that time coins were again dated in the year they were stamped as well. Auction and coin collection sites do from time to time have this rare treasure and the very fortunate collectors are able to bid for them.
If you think you have a 1965 silver quarter, or really any rare or valuable coin it’s a good idea to get it authenticated and graded by the Numismatic Organization.
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