Silver is a big player in the industrial world as well. However, silver is not just limited to being some shiny collectible in your home or vault. Depending on the content, these items can easily increase in value over the years. Silver is found in jewelry, cutlery, plates, candlesticks, picture frames just to name a few. As well, silver comes in many forms, not just coins. More and more people are gravitating toward precious metals as a way to provide some sort of buffer against troubling economic indicators and silver is one of the more popular choices as a potential investment. As a result, the ’64 Kennedy is more appealing to collectors and less likely to be spent as actual money. That particular coin’s market value far exceeds its face value of 50 cents. So, you can see, in this instance, why one would be less likely to pass that silver on as mere pocket change. Is silver a commodity? Is silver money? Both? Let’s start by taking a look at silver as money.ĭid you know the 1964 Kennedy half dollar is more valuable than any other Kennedy half dollar coins that precede or follow it? Why, might you ask? This is because that particular coin is 90 percent silver, more than twice the silver content than the other Kennedy half dollars and that is what makes it considerably more valuable than being just a coin. “No State shall enter into any Treaty, Alliance, or Confederation grant Letters of Marque and Reprisal coin Money emit Bills of Credit make any Thing but gold and silver Coin a Tender in Payment of Debts pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.” Constitution references it, a “tender in payments of debts:” Money is a far more nuanced topic largely understood as a medium of exchange, or, as the U.S. A commodity is easily summarized as a raw material that can be bought and sold.
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