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The value of circulated silver coins is determined by several factors, including their silver content, their overall physical condition or grade and the rarity of the specific coin. Following are the factors determining the value of circulated silver coins.
Circulated coins in a diversity of denominations and from several separate periods in American history are sought out by investors for their silver satisfied. Prior to 1964 in the United States, dimes, quarters, and half dollars minted for circulation contained up to 90% silver.
Silver coins are also evaluated or graded based on their physical condition. Generally, coins can be classified into two distinct categories: circulated and un-circulated.
Market prices for circulated silver coins can vary broadly depending on the rarity of a particular coin design or date of issue. The Mercury Dime is the perfect illustration of this point.