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It was minted in 0.2204 oz. (6.25 g) of 90% fine silver until 1964, when rising silver prices forced the change into the present-day cupronickel-clad-copper composition, which was also called the "Johnson Sandwich" after then-president Lyndon B. Johnson. [13] As of 2011, it cost 11.14 cents to produce each coin. [14]
From 1992 to 2018, 90% silver coins were made for inclusion in special "Limited Edition" silver proof sets. Beginning 2019 coins in the special silver proof sets are produced from pure (.999) silver. All coins minted in 1975 and 1976 for the United States Bicentennial bore the dates "1776-1976".
The early 1960s was a time of increased use of silver both in the coinage and in industry, putting pressure on the price of silver, which was capped at just over $1.29 per ounce by government sales at that price. The silver in a dollar's worth of quarters would be worth more as bullion than as money if the price of the metal rose past $1.38 per ...
The Silver Proof set became a standard product of the United States Mint in 1992, containing a dime, quarter, and half dollar composed of 90% silver. The compositions for the penny, nickel, and dollar (introduced to the set in 2000) remained the same as in the standard proof sets. [21] In 2019, the purity of the silver coins was changed to 99.9 ...
Continued rises in the price of silver increased the hoarding—many early Kennedy half dollars have been melted for their silver content. Starting with 1965-dated coins, the percentage of fine silver was reduced from 90% to 40% (silver clad), but even with this change the coin saw little circulation.
To learn more about coins from the 1950s that coin and currency collectors are excited about, GOBankingRates talked to Dr. Mike Fuljenz, president of Universal Coin and Bullion.
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