United States quarters, a denomination of American forex, had been traditionally composed of 90% silver and 10% copper. These cash, also known as “silver quarters,” had been an ordinary a part of circulation. The composition offered intrinsic worth to the forex based mostly on the fluctuating market worth of silver.
The rising value of silver, coupled with the Coinage Act of 1965, led to a big change within the steel composition of quarters. Sustaining the silver content material turned economically unsustainable. The change was pushed by a have to stabilize the forex provide and stop hoarding of silver cash resulting from their rising soften worth exceeding their face worth.