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1960's -1970's: Some circulating coins still used silver in their composition, such as 1965-70 Kennedy half dollar coins, which were debased from 90% silver to 40% silver. However, as silver's metal value continued to increase, resulting in additional hoarding by the public, these coins were eventually debased entirely to cupronickel clad coinage .
In the United States, this is taken to mean pre-1964 90% silver dimes, quarters and half-dollars; $1 face value of those circulated coins contains 0.715 troy ounce (22.2 grams) of fine silver. [26] All 1965-1970 and some 1976 Kennedy half dollars are minted with a 40% silver composition.
Taisei Coins Corporation [48] [49] April, 2011 $1,552,500 1894 10C United States Kagin's (1984) Stack's Bowers: October 2007 $1,527,500 1776 Continental Silver N-3D Prefed United States Boyd, Ford, Partrick Heritage Auctions: January 2015 $1,527,500 1797 O-101a 50C United States Brand, Curtis, Hepner, Rogers Sotheby's/Stack's Bowers: May 2015
Bullion coins are government-minted, legal tender coins made of precious metals, such as gold, palladium, platinum, rhodium, and silver. They are kept as a store of value or an investment rather than used in day-to-day commerce. [1]
The gold and silver Croeseids formed the world's first bimetallic monetary system, c. 550 BC. [6] The Persian daric was also an early gold coin which, along with a similar silver coin, the siglos, (from Ancient Greek σίγλος, Hebrew שֶׁקֶל ) represented the bimetallic monetary standard of the Achaemenid Persian Empire. [7]
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