Discussion in 'Coin Chat' started by jorglueke, Jun 8, 2019.
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There are plenty of 1964 Silver Dimes and Quarters?
while during those years they were also making clad coins of those dates.
And yes there are tons of 1964 dimes and quarters. (And nickels.)
64 dimes and quarters are not rare.
The mint kept making 1964 dimes and quarters well into 1965, and maybe 1966.
There is much more to the story. I will let others join in as I haven't finished my coffee.
Ah haha never mind then!
Who authorized the frozen date? I see it mentioned here https://www.ngccoin.com/news/article/711/ There must be a corresponding bill then
But it wasn't. They minted 90% silver in 1965
With a 64 date.
There are die varietys for 1964 that are collectible. One is the 64 Washington quarter with a type C reverse. This reverse was used on Quarters starting in 65.
Meanwhile, the price of silver steadily increased post-WWII. It gained 58% in 1945 and continued to increase in price to the early 1960s. It was artificially capped at the historic price of $1.29/oz by US government sales from 1963-1966 to discourage hoarding and/or melting of coins. The Coinage Act of 1965 ended the minting of silver dimes and quarters in the United States and debased the silver content of half dollars from 90% to 40%. Silver was eliminated from this coin in 1970. (Actually 1971 but w/e.)
So I think when there was a little silver value in coins higher than the face value, they went off of it.
The Coinage Act of 1965 is the legislation.
No. There was a seperate law passed in September 1964 that froze the date.
some little globs of silver called granules. If anyone has these granules,
I am sure the members of this forum would love to see them.
"In 1963, the House of Representatives passed PL88-36, repealing the Silver Purchase Act and instructing on the retirement of $1 silver certificates. The act was predicated by a prospective shortage of silver bullion. Certificate holders could exchange the print for silver dollar coins for approximately 10 months. In March 1964, Secretary of the Treasury C. Douglas Dillon stopped the issuance of coins, and, for the next four years, certificates were redeemable for silver granules. The redemption period for silver certificates ended in June 1968."
No, there wasn’t.
According to Wikipedia:
Section 101 of The Coinage Act of 1965 authorized the Secretary of the Treasury to issue dimes, quarters, and half dollars of clad composition, with the half dollar to be made of 40 percent silver. So long as there was a shortage of coins, the Mint could strike dimes, quarters, and half dollars from .900 silver, but this authority was to end once the secretary certified there was an adequate supply of the new coins in circulation, and in any event five years after the law was enacted (thus, ending July 23, 1970). During that five-year period, no standard silver dollars could be minted.
The provision of the law that allowed the continued striking of 90% coins stated that the dates on the silver coinage would remain 1964 and the clad would remain 1965 until the Treasury Secretary changed the date. The 1965 coins were struck into May of 1966.
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