The price of a United States twenty-five cent piece struck in 1964, composed of 90% silver and missing a mint mark, is primarily dictated by its silver content material. These cash, produced earlier than the swap to clad coinage, maintain intrinsic worth past their face worth because of the treasured steel they comprise. The absence of a mint mark signifies that it was produced on the Philadelphia Mint.
The importance of those explicit cash lies of their historic context because the final yr of silver coinage for normal circulation in the US. This, mixed with the fluctuating value of silver, drives collector curiosity and determines the market worth. Many people retain these cash as a tangible asset and hedge in opposition to financial uncertainty. Moreover, its historic signifiance contributes to its price, because it represents the top of an period in American coinage.