The coinage in query, issued by the US Mint from 1948 to 1963, contained 90% high-quality silver and 10% copper. The particular metallic composition and weight resulted in a measurable amount of the valuable steel inside every coin. This intrinsic steel worth distinguishes them from clad coinage launched later.
The inherent value based mostly on silver has made these cash enticing to collectors, traders, and people taken with valuable steel restoration. Their historic significance as a circulating type of foreign money throughout a time when silver was a typical part of U.S. coinage additionally contributes to their desirability. The worth fluctuates in keeping with prevailing silver market costs.