Although the United State Mint has changed the basic design of legal tender over the past few decades, the metals used have been the same. That has not always the case as there was a time in American history when bananas cost .10 a pound, Peter Paul and Mary were topping the pop music charts and the nation’s legal tender where authentic silver coins. 

That changed towards the end of 1963 when President John F. Kennedy was assassinated, the US got involved in Vietnam and other innocence was lost. It was also a time that led to a big change in the country’s legal tender; the US Mint stopped minting silver coins out of 90 percent silver and anyone who stumbles across a quarter, silver dollar, dime or half-dollar minted prior to that date should pocket that pre 1965 silver coins.

Current legal tender is now minted of an assortment of less expensive metals than silver (silver prices have currently ranges from approximately $31 to $35 per 1 oz silver). The reason for the change away from using precious metals was that the silver weight value of the coins started to outweigh the proclaimed face value of the currency. That resulted in numismatists pulling those coins out of currency by the poundful. While there are not of ton of pre 1965 silver coins remaining in circulation, is one should appear in your spare change, pull it out and put it aside as it is worth something more than face value.

Ever since that change to currency, pre 1965 silver coins have become the bar of comparison. Now contemporary silver coins are a sandwich coins made of copper and silver. That is why if you are lucky enough to end up with an pre 1965 silver coins, saving that spare change may result in a profit.

11/11/2014 02:20:13 pm

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    Martha’s interest for vintage Chanel bags led her to start a private collection. After years of searching and buying, Martha has an exquisite collection of Chanel bags other than the label itself. Martha is in the midst of opening a vintage Chanel bag shop. She also enjoys all genres of music and loves to play guitar at the local pub. Martha can be found on facebook.com/martha.harvey.5099 and also on Twitter, @marthajharvey.

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    Disclaimer - Money matters demand consideration. This website does not contain investment advice and does not intend to lead readers into making an investment decision. All information shared here are my opinions that have been shaped from my experiences. Readers are encouraged to carry out a thorough research before making an investment.