Cryptocurrency Q&A
Are silver coins 100% silver?
Are silver coins 100% silver?
isabella_cole_psychologist
Sun Aug 18 2024
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6 answers
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I'm curious to know, are silver coins truly made up of 100% silver? I've heard that some coins may contain other metals mixed in with the silver. Is this true, or are silver coins indeed composed solely of silver? It's important to understand the purity of these coins, especially for those who invest in them or collect them as a hobby. Can you clarify this for me?
6 answers
Valentina
Tue Aug 20 2024
Prior to 1964, the United States minted dimes, quarters, half dollars, and dollars in 90% silver. This standard was widely used for currency, reflecting the nation's abundant silver reserves.
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RobertJohnson
Tue Aug 20 2024
However, during World War II, the US government redirected resources towards the war effort, leading to a shortage of nickel. As a result, war nickels from 1942 to 1945 were minted with a reduced silver content of 35%.
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Valentina
Tue Aug 20 2024
Following the war, the US government continued to experiment with the composition of its coins. Half-dollar coins minted between 1965 and 1970 were produced with a silver content of 40%.
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SsamziegangStroll
Mon Aug 19 2024
But starting in 1971, the US government discontinued the use of silver in its coins altogether. This marked a significant shift in the nation's currency composition, reflecting changes in the global economy and the availability of precious metals.
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Nicola
Mon Aug 19 2024
In the world of cryptocurrency, exchanges like BTCC play a vital role in facilitating the trading of digital assets. BTCC is a top cryptocurrency exchange, offering a range of services to meet the needs of traders and investors.
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