Sell 40% Silver Coins to the Best Silver Coin Buyer in Las Vegas & Henderson, NV
The 40% silver coins mainly refer to Kennedy Half Dollars and Eisenhower Dollars. Although the US Bicentennial silver quarter was made of 40% silver, it was only available in mint or proof set. They were never released in general circulation. But until today, these coins form part of the most renowned coins issued by the US Mint.
The US Mint started to issue coins containing 40% silver between 1965 and 1976. Years before 1965, 90% silver coins were produced and widely circulated. Consequently, President Lyndon Johnson issued and published the 1965 Coin Act, which authorized cease of the circulation of coins that contained 90% silver up to that time. President Johnson ultimately declared his plans to eliminate silver from US quarters and dimes and reduced the silver content to 40%. In 1970, all silver was removed from coins in circulation and just continued producing 40% silver coins.
Two of these 40% silver coins became very popular among coin collectors. First is the Eisenhower Silver Dollar, which contained 40% silver. It was minted between 1971 and 1974 and 1976. There were 18 mintings of the Eisenhower Silver Dollar. Among the 18 mintings, four in the 1975 to 1976 releases were called a bicentennial reverse. Bicentennial dollars were sold by the Mint in special and proof sets, featuring an “S” mintmark.
Throughout the five years of continuous production, silver coins were strictly made with 40% silver as required and mandated by the US government. Historians say that the dollar coins produced at that time weigh about 14,500 tons that are likely the same and equal to the Brooklyn Bridge’s weight.
The other famous 40% silver coin is the Kennedy Half Dollar, which varies in silver content from 1964 to 1970 and 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%. Eventually, the new 40% silver Kennedy 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.
The Kennedy Half Dollar silver coins are commemorative coins of former President John F. Kennedy, produced between 1965 and 1970. The collection is a variety of the silver half dollar coins which stemmed 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.
Value of 40% Silver Coins
Given that there were only two major 40% silver coins, (the Eisenhower Silver Dollars, and the Kennedy Half-Dollar coins), many coin collectors continued to clamor despite reducing silver content to 40%. But the silver coin still barely made it into circulation at that time. This is why the Congress decided on using silver holdings on the currency that never circulated. As a result, the Treasury agreed to eliminate silver from the US currency. Although there were still very few 40% silver coins that were struck in 1970, its circulation was limited from the US Mint.
These silver coins are primarily appraised based on their weight, melt value, or the coin’s actual silver content. Although these coins are termed 40% silver coins, they still vary in weight and actual silver weight measured in troy ounces. First, the Eisenhower Dollar Coins weigh 24.59 grams with actual silver content of 0.3161.
On the other hand, the Kennedy Half Dollar coins weigh 11.50 grams with 0.1479 troy ounces of silver content. This coin from the 1965-1970 half dollars had no mint mark. This means that it was minted in Philadelphia, Pennsylvania.
Since the coin’s silver content is a major consideration for valuation. Someone who owns and plans to sell it to a silver coin dealer should fully understand its valuation process. One crucial thing that you need to do is to make sure that you keep updated on the current spot price of silver, which changes every day due to the current demand and silver supply in the bullion industry. To learn more, click here: https://www.kitco.com/charts/livesilver.html
There are a lot of reasons why many customers prefer buying 40% silver coins over other coins. Some of these include practicality, lower premiums than 90% silver, and its critical years, especially if you are looking for a collector willing to pay more than its melt value. So if you want to sell your 40% silver quarters, it’s important that you deal with a buyer who would favor your coin’s collector value more 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 removed from cleaning would mean lesser collector value.
Best Buyer of 40% Silver Coins
Selling your 40% silver coins to the #1 silver coin buyer, Nevada Coin Mart, is the best decision you will ever make, primarily if you aim to get the most cash that you deserve for your top-dollar items. Nevada Coin Mart is the best silver coin dealer and buyer in Las Vegas and Henderson, Nevada. We also buy other precious metals like gold coins and gold jewelry 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 the efficient transaction to our customers. We always make sure that we have the right people to assess your items using modern technologies like using the state-of-the-art X-ray spectrometer to further examine in subtle details the value of your silver coins and other items.
With Nevada Coin Mart, your expectations are satisfied with the best customer service that we provide to our client every selling transaction. Not only that we want to give you the most cash in exchange for your items, but we also want you to be part of the whole process every step of the way. Through this, we know that you and your items’ best interests are favored.
If you want to experience this yourself, 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.