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Replies: 28 / Views: 8,764 |
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Pillar of the Community
United States
4008 Posts |
Quote: huh...which quarters have 40% silver? Those would be the ones that were made from 1965 to 1970. 90% silver was used in US silver coins prior to this.
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Pillar of the Community
United States
4000 Posts |
Quote: Those would be the ones that were made from 1965 to 1970 That is only for halfs. Not quarters.
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Pillar of the Community
United States
2120 Posts |
Sap. Teach where you learned all of this. You're like 'Johnny on the Spot' for all things history and triva. 
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Pillar of the Community
 Mexico
1304 Posts |
My goodness SAP...I'm a little richer for the sharing of your knowledge, thank you!
Does the same apply to canadian coinage?
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Moderator
 Australia
16857 Posts |
Quote: Sap. Teach where you learned all of this. You're like 'Johnny on the Spot' for all things history and triva. Apparently, I don't know everything. I had to look up in Wikipedia who or what "Johnny on the spot" was.   Mostly, I learn by reading. Books, websites, coin magazines, coin club newsletters, that sort of thing. If I have time, I then go and check my facts on Wikipedia or some other site before committing them to virtual ink. In this particular case, it was also somewhat of a "school of hard knocks" experience. Not too long ago I answered a question here on CCF, in this thread, making a comment that a certain face value of 90% silver US coinage, be it dimes, quarters, halves or dollars, would all have the same silver content. I was wrong. My maths was all wrong, too, because I'd looked up the weight of a silver dollar and assumed that American coins were like British, European and Australian coins, and that fractions of a dollar would weigh those fractions of a dollar. I always try to learn from my mistakes, so I sought to find out why I was wrong. I'd read the story of the reason why large and small silver coins of the Latin Monetary Union have different finenesses, years ago in the local coin magazine, so it wasn't too hard to figure out that a similar thing had happened back there in America, only with weight and not fineness being the variable. Quote: Does the same apply to canadian coinage? No. As part of the British Empire, Canadian monetary policy was inherited from Britain, where full face value was expected for all coins up until the abolition of sterling silver. In Britain, there are sixty pence to a crown, and the tiny silver penny weighs exactly 1/60th of a silver crown - and both are sterling silver. Canada likewise gave no discounting for larger coins during the sterling period, though there were no dollar-sized Canadian coins at the time. When Canada dropped to .800 fine, and even when they started issuing dollars, they still kept the weight and fineness consistent across the series. So one Canadian dollar's worth of silver coins will always contain the same amount of silver, whatever the denominations that dollar is split up into. You just have to watch the dates to make sure the finenesses are always the same. I assume that, unlike America and Europe, the governments of Britain and the dominions were content to (or were expected to) wear the extra costs of providing the smaller coins.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Pillar of the Community
United States
3670 Posts |
Why do I know SAP is accurate with what he said above other than he is much smarter than I, because it sounds complicated, and what have we learned from humans, making things more complicated is our species specialty  . It is like language, it would make too much sense to just have one.... The less pure you get, the sadder this silver collecting Panda gets  . I will not go less than sterling at .925 or 90% pre 64, and I think sterling is way under appreciated and under the radar, and some good deals still to be found in sterling coins....
Edited by Silverhawk74 07/01/2011 03:29 am
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Pillar of the Community
 Mexico
1304 Posts |
Silverhawk, I'm with you...I love it when SAP chimes in on a thread. (Even if he was wrong, like, ONCE out of his 6,839 Posts. If only I had that batting average! ;) )
Sterling is good stuff. May I ask what exactly makes you think it's underappreciated? (I don't disagree, I really don't have much of an opinion on it.) I'll take 90% if that's what is widely recognized and easy to move. If it's made of 95%, but no one recognizes it and it's hard to move...then what's the point? Even some .999 rounds can be hard to move just because they aren't so widely recognized. So, is it the fineness that makes you feel the sterling is undervalued? Thanks for the insight!
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Pillar of the Community
Canada
3692 Posts |
Sap, I always thought that the dollar had "extra" weight in order to promote small business (receiving dollars and giving dimes etc in change). Something costs 85 cents, you get a dollar and give back 15 cents, so you've already made a profit by giving the guy his or her change! (wow)
Edited by Libertad 07/01/2011 10:17 am
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New Member
United States
48 Posts |
Removing irrelevant post at the request of the mods. Sorry, my mistake.
Edited by gilpo 07/01/2011 2:39 pm
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Pillar of the Community
United States
3670 Posts |
I could be wrong on my theory about under appreciation of sterling, but I say that due to I rarely hear anyone here say...."Check out this new sterling silver coin I just bought!", even though I can recall one case where a member posted some pictures of a sterling coin. It just seems like it flies under the radar, but I do like the look of it.
Edited by Silverhawk74 07/01/2011 2:12 pm
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Rest in Peace
United States
9104 Posts |
Quote:
In the Latin Monetary Union coinage standard (used by most of continental Europe prior to World War I), we see the same effect, although there it is the fineness of the largest coin that is higher, rather than the weight - a large 5 francs coin weighs exactly the same as five small 1 franc coins, but the 5 franc coin is .900 fine silver, while the 1 franc coins are only .835 fine. The ratio is hardly the same. 900/835=7.8%.
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Valued Member
United States
487 Posts |
Don't forget the wear of older junk coins affects your total ASW realized. When bidding on a lot at auction, I take that into consideration when making my maximum bid. I look at photos very carefully. In my approximation, when getting my auction winnings home, I scale them and find there is a loss of between 5% to 10% and some times greater of silver. Due to wear. 
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Valued Member
344 Posts |
silver dollars have 26.73 grams (when fresh from factory)
silver other coins have 25 grams when combined to make 1 dollar.
Of course in reality almost all older silver coins will be a tiny bit less then their original weight because of wear.
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Rest in Peace
United States
9104 Posts |
Watch out for wear on plated or clad items. If halves are 40%, with an outer layer that's 90%, you have to remember that what's lost to wear was 90%. Warnix are 35%, clear thru.
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Pillar of the Community
United States
1602 Posts |
I found this thread when trying to locate a reputable answer to the question of how much actual silver is in the 40% quarters from the Bicentennial Issues. I'm still not sure about the original question's answer but found so many interesting things in this thread that I thought I'd try to reboot it as a way of getting a definitive answer. That way, newer members like myself can learn the great stuff, too. 
Edited by Biedercoins 02/01/2016 12:32 pm
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