Quote:
Originally Posted by Old Mechanic
A 1964 dated silver quarter was worth 14 times face value (melt value), until recently it dropped to about 10 times face value. When minted the silver value was 75% of the face value.
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Of course that assumes that the value (and/or price) of silver is constant, which simply isn't the case. Probably a good bit more demand these days, from a larger population wanting silver jewelry & ornaments, industrial uses, &c. Not to mention what happens when people try to corner the market. Well, just have a look:
Historical Silver Prices - 100 Year Chart | MacroTrends Going from (inflation adjusted) $107/oz in 1980 to under $6/oz in 2001?