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<p>[QUOTE=&quot;Midas, post: 101780, member: 2761&quot;]When the melt value exceeds the face value of any coin, it doesn&#039;t make sense to circulate a coin that will likely end up at a refiner.&nbsp; Expanding industrial use of silver (even with the advent of digital cameras) led to its depletion in the U.S., and in 1965 the U.S. Treasury reduced the silver content of a half-dollar and introduced silverless dimes and quarters. Finally, in 1967, when the demand for industrial silver use exceeded the total annual world production, the Treasury withdrew <u>all </u>silver coins from circulation.&nbsp; Price of silver back in the early 60&#039;s?&nbsp; Between $1 to $2 per troy ounce (31.1 grams).</p><p><br /></p><p>Silver and gold are not strong metals.&nbsp; They wear easily and do not last as long in circulation as other metals that are used like nickel, copper, etc.</p><p><br /></p><p>A $10 coin?&nbsp; Look, we can&#039;t even get people to use the $1 coin so the likelihood of a coin to circulate with a higher denomination is probably zero.</p><p><br /></p><p>I like the luster and look of a well struck silver coin too, but it&#039;s not going to happen.&nbsp; You have melt value, wear, and availability all working against you.&nbsp; That spike you see in the late 70&#039;s is when the Hunt Brothers out of Texas were trying to corner the silver market.&nbsp; As fast as price went up, they went just as quickly down, if not faster![/QUOTE]</p><p><br /></p>

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