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All Forums Category: US Coins and Currency Forums Forum: US Modern Variety and Error Coins

Question: Why So Many High Grade 64 LMCs?

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examiner
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 Posted 06/27/2019  10:36 am Show Profile   Bookmark this topic Add examiner to your friends list Get a Link to this Message Number of Subscribers
I can't help but notice that 1964 LMCs in great condition seem to be in abundance. Is there a logical explanation for that?
Halo1st
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 Posted 06/27/2019  11:33 am  Show Profile   Bookmark this reply Add Halo1st to your friends list Get a Link to this Reply
Thinking concerns of hoarding silver caused a major increase in production of all denominations this year. Thanks, Doug.
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Conder101
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 Posted 06/27/2019  11:57 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
Roll hoarding was big at the time and they made nearly 6.4 billion of them. So a LOT of BU bags and rolls of them got put away.
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Coinfrog
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 Posted 06/27/2019  1:08 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Spot-on answer.
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coop
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 Posted 06/27/2019  2:39 pm  Show Profile   Bookmark this reply Add coop to your friends list Get a Link to this Reply
Also that was the last year of the circulated silver halves. So all were saved with the silver hoarding that started that year when they announced the clad coins were coming to replace silver coins. Silver disappeared quickly. Thus the mints need to crank out a lot of Clads in 1965-1967 with no mint marks, to keep the saving for collectors reduced without so many mint marks.
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All Forums Category: US Coins and Currency Forums Forum: US Modern Variety and Error Coins



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