There was a time and place when silver and other precious metals were the dominant alloys in currency. Since the dawn of civilization, human societies have used precious metals to mint and produce coins for use in trade and commerce. Today, silver and other metals have fallen out of use in average circulation coins because of a lack of durability and high prices. You can now buy some of the popular 40% US Silver Coins with $100 face value bags, in average circulated condition from Silver.com.
Starting in the 1960s, the federal government moved away from its 90% silver content in circulation coins. The silver spot price had been rising, and the supply in the US was dwindling at the time. The federal government adopted 40% silver content limits in coins minted between 1965 and 1969. Among the most popular 40% US Silver Coins are the Kennedy half-dollars and Eisenhower dollars. In total, the coins consist of 40% silver and 60% copper.
On one side of the 40% US Silver coins is the image of either President John F. Kennedy or President Dwight Eisenhower. Both presidents are featured in a left-profile portrait, with engravings of “Liberty,” “In God We Trust,” and the year of minting. On the opposite side, the Seal of the United States of America is featured. The heraldic eagle holds an olive branch in one talon and arrows in the other. From its beak, a banner stretches with the phrase “E Pluribus Unum.” Engravings include “United States of America” and the denomination of the specific coin.
Congress authorized the creation of the US Mint with the passage of the Coinage Act of 1792. Today, the US Mint is the official facility of the federal government and operates from four primary facilities across the country. Over the course of the nation’s history, the US Mint has produced everything from circulating and collectible coins to bullion coins like the American Silver Eagle.
If you have any questions about the 40% US Silver Coins $100 face value bag, other Silver.com products, or the online purchasing process, feel free to contact our associates at 888-989-7223. You can also chat with us online for free using our web chat feature.