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<p>[QUOTE="Troodon, post: 211969, member: 4626"]Hmm, did anyone at the time come to the more obvious collection that <i>everyone</i> was hoarding away silver, not just collectors?</p><p><br /></p><p>My parents and grandparents recall that just about everyone they knew was saving any silver coins away, in case they became valuable later. My parents still have their "silver stash" that they saved from that time.</p><p><br /></p><p>1964 over 1 billion Jefferson nickels were minted <i>from each Mint</i> trying to make up for the shortage of dimes, qaurters, and half dollars. It wouldn't be until 1995 that mintage of nickels passed one billion again (again, for each Mint, not just the aggregate total).</p><p><br /></p><p>As I mentioned in another thread, this hoarding is also what killed the half dollar as a standard circulating coin... people kept hoarding the silver ones away and by the time they started minted them in clad, people had seven years to get used to not having a half dollar around, and they never would circulate widely again, except in and near casinos. My dad remembers before 1964 it was no more unusual to pay with, or receive change in, half dollars than it was to pay with or get pennies in change. Now there's people who weren't even born yet when the Kennedy halves were first minted that have never seen one or know that they are still minted. It always gets a reaction when I spend any... it's obvious many have never seen them before.[/QUOTE]</p><p><br /></p>
[QUOTE="Troodon, post: 211969, member: 4626"]Hmm, did anyone at the time come to the more obvious collection that [I]everyone[/I] was hoarding away silver, not just collectors? My parents and grandparents recall that just about everyone they knew was saving any silver coins away, in case they became valuable later. My parents still have their "silver stash" that they saved from that time. 1964 over 1 billion Jefferson nickels were minted [I]from each Mint[/I] trying to make up for the shortage of dimes, qaurters, and half dollars. It wouldn't be until 1995 that mintage of nickels passed one billion again (again, for each Mint, not just the aggregate total). As I mentioned in another thread, this hoarding is also what killed the half dollar as a standard circulating coin... people kept hoarding the silver ones away and by the time they started minted them in clad, people had seven years to get used to not having a half dollar around, and they never would circulate widely again, except in and near casinos. My dad remembers before 1964 it was no more unusual to pay with, or receive change in, half dollars than it was to pay with or get pennies in change. Now there's people who weren't even born yet when the Kennedy halves were first minted that have never seen one or know that they are still minted. It always gets a reaction when I spend any... it's obvious many have never seen them before.[/QUOTE]
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