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Coin_Guy's Avatar
United States
143 Posts
 Posted 09/18/2009  7:01 pm Show Profile   Bookmark this topic Add Coin_Guy to your friends list Get a Link to this Message Number of Subscribers
When production of all circulating silver coins ceased in 1964 why did the mint continue to include silver in the kenned half? Thanks
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ratman4762's Avatar
United States
2520 Posts
 Posted 09/18/2009  7:31 pm  Show Profile   Bookmark this reply Add ratman4762 to your friends list Get a Link to this Reply
Production of circulating silver coins didn't cease in 1964! 1964 dated 90% silver coins were produced in 1965 and a short time in 1966, along side of clad coinage. Doesn't really answer your question...just an FYI! I really don't know the answer.
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Coin_Guy's Avatar
United States
143 Posts
 Posted 09/18/2009  7:53 pm  Show Profile   Bookmark this reply Add Coin_Guy to your friends list Get a Link to this Reply
Is that true ratman? I didn't know that 1964 dated coins were prouced in '65 and '66. Interesting
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ratman4762's Avatar
United States
2520 Posts
 Posted 09/18/2009  8:03 pm  Show Profile   Bookmark this reply Add ratman4762 to your friends list Get a Link to this Reply
Would I lie?


Quote:
As required by law, all United States coins are currently dated with the year of their issuance or minting. In 1964, however, a coin shortage caused speculation in rolls and bags of 1964 coins. To prevent such speculation, Congress passed legislation declaring that the United States Mint could still use the 1964 date on coinage after the 1964 calendar year. So in 1965, all denominations of United States coins continued to be struck with the 1964 date. In 1965, Congress mandated that the United States Mint continue to use the 1964 date on all 90 percent silver coins. However, because clad coins (which were not 90 percent silver) were not as likely to spark speculation, they would be dated no earlier than 1965. This meant that all of the 90 percent silver coins (half-dollar, quarter-dollar, and 10-cent coins) that the United States Mint manufactured in 1964, 1965, and 1966 bore the date 1964. (The last of the 90 percent silver quarter-dollar coins was struck in January 1966, the last of the 10-cent coins in February 1966, and the last of the half-dollar coins in April 1966.) All of the clad coins actually manufactured in 1965 bear the 1965 date. The clad coins were struck with the 1965 date through July 31, 1966. (The first clad 10-cent coin was struck in December 1965, the first clad quarter-dollar coin in August 1965, and the first clad half-dollar coin in December 1965.) As one step toward catching up on normal coin dating, in December 1965, the 1964 date on five-cent coins and one-cent coins was changed to 1965. From December 1965 through July 31, 1966, all one-cent coins and five-cent coins were struck with the 1965 date. All denominations of United States coins minted from August 1 through December 31, 1966 carried the 1966 date. Normal dating procedures resumed on January 1, 1967, and continued through 1974. In 1973, to honor the upcoming United States Bicentennial, new legislation authorized design changes in the reverse designs of the one-dollar coins, the half-dollar coin and the quarter-dollar coin. A symbolic date (1776-1976) took the place of the usual single year designation. The only single-dated coins issued during 1975 and 1976 were the 10-cent coin, the five-cent coin, and the one-cent coin. On January 1, 1977, the Bicentennial designs were retired. The designs and dating procedures in use prior to the national celebration are now in force on all U.S. coins, including the 50 State Quarters and the Golden Dollar.
This is from the Treasury website.
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timer's Avatar
United States
129 Posts
 Posted 09/19/2009  09:23 am  Show Profile   Bookmark this reply Add timer to your friends list Get a Link to this Reply
Good info...never knew that the dating was out of sync during those years. I would expect the mintages of 1965 dated coins would be lower since they were dating halves, quarters and dimes 1964 during at least a part of 65 and 66.
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Irishraider's Avatar
United States
1454 Posts
 Posted 09/19/2009  09:39 am  Show Profile   Bookmark this reply Add Irishraider to your friends list Get a Link to this Reply
Good info ratman. Now we know why the mintage figures for 1964 were through the roof compared to all previous years and all years after that (to a point of course). Thanks for posting that.

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WpgLwr's Avatar
Canada
1082 Posts
 Posted 09/19/2009  11:35 am  Show Profile   Bookmark this reply Add WpgLwr to your friends list Get a Link to this Reply
Ah, so that's why there's so many 1964 nickels.
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ratman4762's Avatar
United States
2520 Posts
 Posted 09/19/2009  12:19 pm  Show Profile   Bookmark this reply Add ratman4762 to your friends list Get a Link to this Reply
Probably explains why the mintage figures are so much higher on 1967 & 1968 half dollars than on 1965 & 1966. (and why I've found about 5X as many 1964's than 1965's roll searching).
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United States
20753 Posts
 Posted 09/22/2009  12:29 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
Thanks for that info. I saved it for future.
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AGCoinHunter's Avatar
United States
625 Posts
 Posted 09/22/2009  3:03 pm  Show Profile   Bookmark this reply Add AGCoinHunter to your friends list Get a Link to this Reply
Yea you dont find many 65 halfs. I think of the several hundred I have found, maybe 5 or so were from 65.
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Archraz's Avatar
United States
3499 Posts
 Posted 09/22/2009  3:18 pm  Show Profile   Bookmark this reply Add Archraz to your friends list Get a Link to this Reply
ratman4762- Great info! I had never heard such a thing before.
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Conder101's Avatar
United States
17884 Posts
 Posted 09/23/2009  11:15 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
And to answer the original question, it was a bone tossed to the silver producing states that were against the removal of silver from the coinage. We continued to allow some silver in the coins in return for their votes on the coinage act of 1965.

Going way back to at least the mid 19th century the government has thrown benefits or subsidies to the silver industry time and again. The entire coinage of the Morgan and Peace dollars were little more than a government subsidy to the silver interests. The 40% clad haves were just another one as were the 40% silver Ike dollars. The silver eagles were originally just a way to use up the government stockpile, but are now a subsidy for the silver industry as well.
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Coin_Guy's Avatar
United States
143 Posts
 Posted 09/24/2009  10:42 am  Show Profile   Bookmark this reply Add Coin_Guy to your friends list Get a Link to this Reply
Thanks Conder! While the other information was great (thanks ratman) it did not answer my question. Now I see why the halves still contained some silver content after '64. Thanks
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