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Pre-1965 U.S. Silver Coins

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Most coins minted in the United States before 1965 were 90% silver and 10% copper. Silver at the time was a cost-effective way to produce coins that were both durable and attractive. All other U.S. denominations other than pennies and nickels at one time were struck using 90% silver.

In 1965, Public Law 88-36 reduced the amount of silver in coins from 90% to 40%. Silver was eliminated from all coins in the United States beginning in 1970. As a result, silver coins containing 90% are valuable based on their silver content and are extremely desirable to collectors and investors.

The Melt Value (MV) of these coins is calculated using the following formula:

MV = Current Spot Price x Troy ounces per $1 face value x face value

As an example the melt value of a single Morgan Silver Dollar assuming a current spot price of $17.02 is: $17.02 x .7734 x $1 = $13.16

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