The worth of a 1940 United States twenty-five cent piece composed of 90% silver is subject to fluctuations based primarily on two factors: its intrinsic silver content and its numismatic, or collector’s, appeal. The inherent precious metal value is directly linked to the prevailing spot price of silver on the commodities market. For example, if silver trades at $25 per ounce, the silver content of the coin contributes significantly to its overall worth.
The significance of these coins lies in their historical context as a tangible piece of the pre-1965 era, when U.S. circulating coinage contained substantial amounts of silver. This composition provides an inherent base value exceeding the face value of twenty-five cents. Furthermore, the coin’s condition, mint mark, and any existing errors can substantially elevate its value among collectors. Scarcity, due to limited mintages or preservation rates, also plays a crucial role in determining its desirability and subsequent market price.