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<p>[QUOTE="Conder101, post: 1755869, member: 66"]I've covered this before. The mint was not "dumb", they wanted to get rid of silver completely and if they had their way there wouldn't have been any 40% silver halves. The 40% silver halves were a political bribe. The mint wanted to get rid of all the silver and the coinage act of 1965 would have done that, but in the Senate they needed the support of the western silver producing states for passage. So they reached a compromise. If the western states would support the bill they would leave the half dollar, the largest current circulating coin, as 40% silver and they would strike 45 million new silver dollars to replace those the Treasury had been handing out and to guarantee a supply for the western states where the dollar coin had been traditionally most used. With out this compromise the western states were adamantly opposed to the clad coinage.</p><p> </p><p>So they got their 40% silver half and dollar coin and they voted for the Act and it became Law. Then by Presidential order the silver dollar was scrapped. And after five years of no circulation and rising silver prices that made even the 40% silver half a money loser they managed to scrap it and switch to the clad half in 1971.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 1755869, member: 66"]I've covered this before. The mint was not "dumb", they wanted to get rid of silver completely and if they had their way there wouldn't have been any 40% silver halves. The 40% silver halves were a political bribe. The mint wanted to get rid of all the silver and the coinage act of 1965 would have done that, but in the Senate they needed the support of the western silver producing states for passage. So they reached a compromise. If the western states would support the bill they would leave the half dollar, the largest current circulating coin, as 40% silver and they would strike 45 million new silver dollars to replace those the Treasury had been handing out and to guarantee a supply for the western states where the dollar coin had been traditionally most used. With out this compromise the western states were adamantly opposed to the clad coinage. So they got their 40% silver half and dollar coin and they voted for the Act and it became Law. Then by Presidential order the silver dollar was scrapped. And after five years of no circulation and rising silver prices that made even the 40% silver half a money loser they managed to scrap it and switch to the clad half in 1971.[/QUOTE]
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