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The Quarter-Dollar, Half-Dollar and Dollar coins were issued in the copper 91.67% nickel 8.33% composition for general circulation and the Government issued six-coin Proof Set. A special three-coin set of 40% silver coins were also issued by the U.S. Mint in both Uncirculated and Proof.
Delayed until the end of World War II, the Red Book was published in 1946, providing collectors even more historical information as well as retail values (prices collectors could expect to pay coin dealers to buy coins) instead of wholesale values. R. S. Yeoman served as editor of the Red Book and Blue Book until he retired in 1970.
By 1853, the value of a U.S. silver dollar contained in gold terms, $1.04 of silver, equal to $38.09 today. With the Mint Act of 1853, all U.S. silver coins, except for the U.S. silver dollar and new 3-cent coin, were reduced by 6.9% as of weight with arrows on the date to denote reduction.
Among the six was a silver coin, "which shall be, in weight and value, one-tenth part of a silver unit or dollar". From 1796 to 1837, dimes were composed of 89.24% silver and 10.76% copper, [3] the value of which required the coins to be physically very small to prevent their commodity value from being worth more than face value. [4]
These can range in value from a few hundred dollars each to several thousand dollars and more. One of the highest prices paid came in 2018, when a 1958 Full Bell Line Franklin half dollar sold for ...
It called for silver coins in denominations of 1, 1 ⁄ 2, 1 ⁄ 4, 1 ⁄ 10, and 1 ⁄ 20 dollar, as well as gold coins in denominations of 1, 1 ⁄ 2 and 1 ⁄ 4 eagle. The value of gold or silver contained in the dollar was then converted into relative value in the economy for the buying and selling of goods.
[1] [2] This list is ordered by consumer price index inflation-adjusted value (in bold) in millions of United States dollars in 2023. [note 1] Where necessary, the price is first converted to dollars using the exchange rate at the time the item was sold. The inflation adjustment may change as recent inflation rates are often revised.
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