When the USA went from silver coins to clad, did people hoard the silver they had? I was only six, so I don't remember. Was there a big deal when this happened? What was the collector's point of view? How much was silver back then? Did people see silver as an investment? That's a lot of questions.:mouth: The same questions go for all the other members who live elsewhere.
I wasn't alive yet, and I believe most of those that were alive don't remember the 60's except in a colorful hazy way. Guy~
That was the year I graduated from high school, and for teenagers at that time, there was one thing far more important for some of them than the change from silver to clad............that was getting married to avoid the draft. I do remember hearing a lot of people complaining about the change from silver to clad, but I don't think they went to Canada because of it. Chris
Sorry that was before my time. I was not even born yet. I seldom get to say that any more and just could not resist. I have heard that some people hoarded silver at the time but that the 90% silver coins did not just disappear over night. TC
Yes. I saved every Silver coin I could find. Not for an investment but to spite the mint. Coin collecting will never be the same.
I remember every bit of it............ The beach parties in Ocean City, MD hosted by Dick Clark of American Bandstand. All the poolrooms in the D.C. area where I gambled. Riding the pendulum of the perpetual clock at the Franklin Museum in Philly. Senior "Skip Day" at Dickerson Quarry when more than 10,000 kids from MD, DC & VA schools showed up.. Helping carry (passed out) Sonny Jurgenson of the Washington Redskins out of Lido's Restaurant in Adelphi Plaza in College Park. Coming back from the World's Fair in New York City only to learn that one of the chaperones got pregnant while there. Skipping school and going to Waldorf, MD to play slot machines at the Tepee on Rte. 301. My 66 GTO Tri-power. Getting drunk on Inauguration Day, 1965, in my best friends Land Rover and ending up in the middle of the Inauguration Parade surrounded by Secret Service. Going to a strip club for the first time in Baltimore. Finding a civil war cannonball in the hillside across from our home and trading it to the Good Humor man for a box of Toasted Almond Bars. Taking a 4-hour test drive of a Marcos from British Auto Imports in Rockville and doing 180 mph on Western Maryland country roads. Drag racing against the Gaithersburg Sheriff in his 64 Plymouth Hemi. If I stopped to think for a while, I could come up with a lot more. Are you still awake? Chris
One of the collectors in my home town was a bank manager. The rumor was that the reserve funds for each teller window (or whatever the terminology for their spare cash is) was all kept in solver coin. I believe that was about $10,000 per window X 10 windows
I have no idea. That was 45 years ago, and slots were banned in Maryland in 1965 so I never went back there. I left for Florida in 1978. Chris
It was the Wig Wam about 25 years ago. We used to drive by it on our way to our beach place down in Colonial Beach. Used to hear from my father all the stories about the slots on the 301 corridor.
The clad sandwich 1965 coins made there way into circulation with few complaints. Most looked at the copper sandwich reeded edge and remarked how neat they looked. pre 65 silver & clad coins both circulated for several years there after.
There were also places scattered along Rte. 50 between the Severn River bridge and the Bay Bridge as well as at Beverly Beach and Mayo Beach on the west shore of the Chesapeake. I found my first Liberty Head nickel in one of the slots there. Chris
I don't but my dad was kind enough to save rolls and rolls and rolls of 1964 Kennedy's. He told me back then Half Dollars ciculated unlike today. He kept every one he could get, well over a thousand. In the late 60's $500 was alot of money.
I also graduated from high school in 1965. I started collecting foreign (non-US) silver coins as countries all over the world were dropping silver from coins.
I sold it in '72 after I got out of the Army and bought a 1972 Olds Cutlass Supreme. The Olds was a classy, sporty-looking family car.....wife with baby on the way. Chris