The intrinsic worth of these coins is principally derived from their silver content. Composed of 90% silver and 10% copper, the actual silver weight significantly influences their market price. Therefore, fluctuations in the spot price of silver directly correlate with the baseline valuation of these numismatic items. For instance, when silver prices increase, the melt value of a coin correspondingly rises.
Beyond their elemental composition, these coins hold substantial historical and collector’s appeal, impacting their overall worth. Their production, spanning from 1921 to 1935, reflects a specific era in American history, contributing to their desirability among numismatists. This historical context, combined with factors like condition, rarity, and mint marks, can significantly elevate their price far beyond their basic silver content.