How much silver is there in a 1964 silver dollar? This question often arises among coin collectors and enthusiasts who are curious about the composition of this iconic piece of American history. The 1964 silver dollar, also known as the Eisenhower dollar, holds a special place in the hearts of many due to its silver content and historical significance. In this article, we will delve into the details of the silver content in a 1964 silver dollar and explore its historical context.
The 1964 silver dollar was the first and only United States coin to contain 40% silver, which is significantly higher than the 90% silver content found in the older pre-1965 silver dollars. This change was a result of the Coinage Act of 1965, which was passed in response to the rising cost of silver and the depletion of silver reserves. The 1964 silver dollar was struck in both 40% silver and clad compositions, making it a highly sought-after coin among collectors.
The 40% silver content in a 1964 silver dollar refers to the proportion of silver that makes up the coin’s weight. Specifically, a 1964 silver dollar weighs 24.59 grams, with 9.80 grams of pure silver. This is equivalent to approximately 0.77 troy ounces of silver. The remaining 60% of the coin’s composition is copper, which is used to balance the silver content and maintain the coin’s durability.
The decision to reduce the silver content in the 1964 silver dollar was met with mixed reactions from the public. Some coin collectors were disappointed by the change, as it meant that the coin no longer held the same value in silver as its predecessors. However, the 1964 silver dollar has since gained a reputation as a valuable collectible due to its limited mintage and the scarcity of the 40% silver composition.
The 1964 silver dollar also holds historical significance as it was the first coin to feature President Dwight D. Eisenhower on the obverse. Designed by Frank Gasparro, the coin’s reverse depicts the Statue of Liberty, which was also a subject of the 1932 and 1937 silver dollars. The 1964 silver dollar was minted in Philadelphia, Denver, and San Francisco, with the “P,” “D,” and “S” mint marks, respectively.
In conclusion, the 1964 silver dollar contains approximately 0.77 troy ounces of silver, making it a valuable piece for both collectors and investors. Its historical significance and limited mintage have contributed to its popularity, and it remains a sought-after coin in the numismatic community. As the only U.S. coin to contain 40% silver, the 1964 silver dollar holds a unique place in American coinage history.
