Gainesville Coins offers 40% Silver U.S. Coins, in $1 face value quantities, for those customers looking for a low-cost alternative in buying silver bullion. Their low premium over spot prices compared to modern silver bullion coins makes these coins an attractive option when buying coins simply for their silver value.
These 40% JFK halves minted from 1965 to 1970 contain approximately .1478 oz of fine silver. Gainesville Coins sells these coins in increments of $1 face value (two coins). This $1 of coins contains approximately .295 troy oz of silver. These coins can be purchased in any quantity in increments of $1 face value. Simply enter the total dollar face value you want in the “Quantity” box when ordering.
In 1964, the U.S. Mint stopped production of the traditional 90% silver dimes, quarters and half dollar coins, because the price of silver has exceeded their face value, and people were melting them down. However, public sentiment was against making the half dollar memorializing the recently-slain President John F. Kennedy a clad coin, so the Mint came up with a compromise. A core composed of a 79% copper / 21% silver alloy was sandwiched between two very thin layers of 20% copper / 80% silver, so the coin retained a bright luster. The combined metal content of these "silver clad" coins worked out to 40% silver and 60% copper.
The price of silver continued to rise, and by 1971, the JFK half dollars had to be made from a cupro-nickel cladding on either side of a copper core.
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