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 Modern US Coins

Silver

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cmdrstp
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United States
88 Posts

Posted 11/02/2009  12:38 am  Show Profile Bookmark this topic Add cmdrstp to your friends list  Get a Link to this Message

Stupid, quick question. They stopped using silver in coins in 1965, so all 1964 and back contain silver?

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tls867
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United States
82 Posts

Posted 11/02/2009  01:12 am  Show Profile Bookmark this reply Add tls867 to your friends list  Get a Link to this Reply

On Kennedy halves 1965-1970 there is still 40% Silver. Of course there are special silver coins made for sets and proofs that have always been in production up to and including today.

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tls867
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United States
82 Posts

Posted 11/02/2009  01:22 am  Show Profile Bookmark this reply Add tls867 to your friends list  Get a Link to this Reply

And yes, 1964 and back contain 90% silver in the dimes, quarters, halves and dollars. The "War" Nickels 1942-1945( with MM above the Monticello) contained a copper-silver manganese composition.


Edited by tls867 - 11/02/2009 01:26 am
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cmdrstp
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Posted 11/02/2009  01:25 am  Show Profile Bookmark this reply Add cmdrstp to your friends list  Get a Link to this Reply

Thank you, tls867.

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ratman4762
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United States
1183 Posts

Posted 11/02/2009  2:59 pm  Show Profile Bookmark this reply Add ratman4762 to your friends list  Get a Link to this Reply



Quote:
Stupid, quick question. They stopped using silver in coins in 1965, so all 1964 and back contain silver
No stupid questions here! This is how we learn.
Actually the mint was still producing 90% silver coins in 1966, they were dated 1964 though. They were anticipating a change shortage due to hoarding. This is from the mints website:
Quote:
When the Coinage Act of 1965 was passed, it became mandatory that the Mint continue to use the 1964 date on all 90 percent silver coins (half-dollar coins, quarter-dollar coins, and 10-cent coins). Therefore, all of the 90 percent silver coins that the Mint manufactured in 1964, 1965, and 1966 bears the date 1964. The last of the 90 percent silver quarter-dollar coins was struck in January 1966, the last of these 10-cent coins was struck in February 1966, and the last of these half-dollar coins was struck in April 1966. The Coinage Act of 1965 also made it mandatory that the clad coins be dated not earlier than 1965. Therefore, all of the clad coins actually manufactured in 1965 bear the 1965 date. All of the clad coins made through July 31, 1966, bear the 1965 date. The first clad 10-cent coin was struck in December 1965, the first clad quarter-dollar coin was struck in August 1965 and the first clad half-dollar coin was struck in December 1965. In December 1965, the decision was made to change the 1964 date on the five-cent coins and the one-cent coins to 1965, as one step in catching up on normal coin dating. From December 1965 through July 31, 1966, all one-cent coins and five-cent coins were struck with the 1965 date.



Quote:
On Kennedy halves 1965-1970 there is still 40% Silver. Of course there are special silver coins made for sets and proofs that have always been in production up to and including today.


If my memory serves me right, there were no silver coins minted between 1977 & 1981.


Edited by ratman4762 - 11/02/2009 3:23 pm
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