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Does Fed melt bronze for profit?
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<p>[QUOTE="Conder101, post: 289552, member: 66"]During the 1964 to 1970 period the governments official line was that there was no reason to withdraw the silver coins from circulation and that silver and clad would circulate side by side for many many years to come. The whole time they were saying this the had two machines at two of the larger Federal Reserve Banks that had all of the dimes, quarters, an half dollar s that came back into the Fed from the banks run through it and it separate out the silver fom the clad. The clad was shiped back out to the banks. The silver wasn't. Those machines stayed in operation until 71 or 72 (cladking would know more exactly) by which time the declining amount of silver being recovered made it no longer worthwhile to run them.</p><p><br /></p><p>Yes the Public got the lions share of the silver but the government made sure they could get as much as they could, while trying to encourage the public not to so they could get it.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 289552, member: 66"]During the 1964 to 1970 period the governments official line was that there was no reason to withdraw the silver coins from circulation and that silver and clad would circulate side by side for many many years to come. The whole time they were saying this the had two machines at two of the larger Federal Reserve Banks that had all of the dimes, quarters, an half dollar s that came back into the Fed from the banks run through it and it separate out the silver fom the clad. The clad was shiped back out to the banks. The silver wasn't. Those machines stayed in operation until 71 or 72 (cladking would know more exactly) by which time the declining amount of silver being recovered made it no longer worthwhile to run them. Yes the Public got the lions share of the silver but the government made sure they could get as much as they could, while trying to encourage the public not to so they could get it.[/QUOTE]
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