What If The U.S. Mint Made 40% silver Dimes And Quarters From 1965-1970?

What if the U.S. Mint did 40% silver dimes and quarters instead of the modern clad issues of today would people have still tried to hoard them, will the half dollar have a few more good years of circulation ?

 

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Are people willing to pay a premium? I dont think so.

 

Are people willing to pay a premium? I dont think so.

 

Are people willing to pay a premium? I dont think so.

 

as long as we're speaking "what if"

"what if" the price of silver was only a fraction of what it is today and a 40% silver quarter and dime was less than the silver content ? Then people probably would NOT hoard them.

 

I was wondering from 1965-1970 if the mint made 40% silver dimes and quarters at the same time of the 40% half dollar would people have still hoarded them?

 

Yes. Just like they hoarded the half dollars.

 

Yes, of course they would. They hoarded the halves that were 40% silver. 40% silver dimes and quarters would be no different. They would all have one thing in common, SILVER!!!

 

As long as the dollar value of silver content is greater than face value you will have a problem of people hoarding the coins and selling them for their silver content.

 

If they had made only 40% silver coins and no clad, then no they probably wouldn't have hoarded them UNTIL the price of silver had risen to the point where the value of the silver in the 40% silver coins exceeded the face value. In other words not until silver exceeded $1.74 an oz which happened in July of 1967. So 40% silver dimes and quarters would only have evaded hoarding for about three years. It would merely have been a stop gap measure.