40% Silver Quarters Value to the Best Silver Quarter Dealer in Las Vegas, NV
The 40% quarter silver coin is one of the most renowned coins issued by the U.S. Mint. These coins are commemorative of the former President John F. Kennedy, which were produced between 1965 and 1970. It is a variety of the silver half dollar coins which stems a month after the former United States President John F. Kennedy’s assassination in 1964 in Dallas, Texas. The motion to eliminate the Franklin half dollar design and create a coin that would commemorate the former president was immediately passed by Congress and was known as Public Law 88-256. The famous sculptors of these coins were Gilroy Roberts and Frank Gasparro.
Initially, the Kennedy half dollars vary in silver content from 1964 to 1970. They were primarily melted for their silver content. From 1965 to 1970, the percentage of fine silver in a half dollar coin was reduced from 90% to 40%. President Johnson declared his plans to eliminate silver from U.S. quarters and dimes and reduced the silver content to 40%. Eventually, the new 40% silver half dollars were produced and made from 79% copper and 21% silver in its inner layer, while the outside was clad with 80% silver and 20% copper. In total, the coin consisted of 40% silver.
This paved the way for the creation and production from 1975 to 1976 of the famous silver quarter which is the bicentennial Washington which features a 1776 to 1976 date on the obverse while a colonial drummer on the reverse of the coin to signify the 200th Anniversary of the United States of America. The bicentennial Washington quarter features a 1776-1976 date on the obverse and a colonial drummer on the reverse of the coin to celebrate the 200th anniversary of the United States of America.
Value of Bicentennial Quarter 40% Silver Coin
Coin collectors continued to clamor for the silver coin despite its reduction of silver content to 40%. But the silver coin still barely made it into circulation at that time. This is why Congress decided on using silver holdings on the currency that never circulated. As a result, the Treasury agreed to eliminate silver from the U.S. currency. Although there were still very few 40% silver coins that were struck in 1970, its circulation was limited from the U.S. Mint.
Weighing 11.50 grams with 0.1479 troy ounces of silver content, this coin from the 1965-1970 half dollars had no mintmark. This basically means that it was minted in Philadelphia, Pennsylvania. Truly, no one anticipated the coin’s overwhelming popularity, making it one of the most sought after coins among coin collectors in the United States. Its impact has reached thousands of people all over the world.
Some of the reasons for buying 40% silver coins are more preferred by many customers than other coins. These include practicality, lower premiums than 90% silver, and its key years, especially if you are looking for a collector willing to pay more than its melt value. This means that if you are engaging in a business transaction where you want to sell your 40% silver quarters, it’s important the collector value of your coin is more favored than its melt value. That is why it is helpful that you keep the grading quality and condition of your silver quarters. Do not clean them if not necessary for every thin layer of the coin that is removed from cleaning would mean lesser collector value.
Where to Sell Your 40% Silver Quarter
Nevada Coin Mart is the #1 buyer of coins and bullion in Las Vegas, Nevada. We also buy other precious metals from thousands of satisfied customers locally and internationally. Being one of the largest dealers of silver coins and other precious items, we continue to commit to providing the best customer service and efficient transaction.
You can visit our store from 9 am to 6 pm. Visit us at Nevada Coin Mart® 4065 S. Jones Blvd Las Vegas, NV 89103, or call us up at 702-998-4000. We are open 365 times a year. You will surely get a fair price for your silver quarter as you come by our establishment.