Quarters minted in 1964 and earlier hold intrinsic worth beyond their face value due to their composition. These coins are comprised of 90% silver and 10% copper, granting them a melt value that fluctuates with the prevailing silver market price. The worth of such a coin is determined not only by its condition (grading), but also by the current spot price of silver, as this dictates the value of the metal content itself.
The presence of substantial silver content elevates these particular quarters from simple currency to tangible assets. This characteristic makes them attractive to collectors, investors seeking a hedge against inflation, and individuals interested in precious metals. Their historical significance as the last circulating United States coinage composed primarily of silver adds to their appeal and collectibility.