silver coin trivia

[Rich Hartford]

I was looking up the 1965 Coinage Act and found this.
"Allowed the Secretary of the Treasury to continue to strike 90% silver coins for up to five years, until the Secretary determined there was an adequate supply of clad coins. This authority was exercised, through 1966, though the coins were dated 1964."

So I guess silver 1964 dimes and quarters were minted until the end of 1966.
HH
Rich

 

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[kd5txx]

I red that in my redbook I think. There was a shortage of coins, due to the hoarding, and so they kept making them to fill the gap but dated them all 64. Never thought about it, but I guess they were making both clad and silver in 65

 

[1235CE]

O.K., interesting, but the Mint released the mintage numbers of 1964 dimes and quarters in early 1965.

So were the mintage numbers for 1964 updated in 1967?

HH all!

Greg

 

[clovis97]

Very interesting, Rich.

I've wondered how they switch over to the new year's coin, and if they followed a true calendar year. If they didn't, who would know, and who would care?

I can just imagine someone at the stamping plant with a watch on Dec. 31 of any given year. As the clock strikes at midnight, does someone yell "That's it, fellows. Change 'em out for the new year's coins"?

 

[AGCoinHunter]

Very interesting, Rich.

I've wondered how they switch over to the new year's coin, and if they followed a true calendar year. If they didn't, who would know, and who would care?

I can just imagine someone at the stamping plant with a watch on Dec. 31 of any given year. As the clock strikes at midnight, does someone yell "That's it, fellows. Change 'em out for the new year's coins"?

Depends on how the law authorizing the creation of the coin says. I recall hearing that the 2010 Proof ASE was only supposed to be produced till December 31 because the law said that it was. I believe it gives them a window to do the minting and once that window passes, its over. Not sure on business strikes though.

 

[FL Junkman]

The following web site has some good information about the phase-out dates of coins from silver to clad:

http://www.usmint.gov/faqs/circulating_coins/index.cfm#anchor15

FL Junkman

 

[Moneypenny]

I was just reading about this too! Here is a great article on the subject: http://www.numismaster.com/ta/numis/Article.jsp?ad=article&ArticleId=9082

 

[SFBayArea]

Another question would be how much was silver per oz back in 1964? Did the cost of the metal outweigh the face value of the silver coin in 1964?