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<p>[QUOTE="johnmilton, post: 25307547, member: 101855"]The silver content was reduced in 1853 because the California gold rush increased the supply of gold to the point where the relative price silver increased to where the melt value of the silver in the half dime, dime, quarter, half dollar and silver dollar was worth more than their face value. That forced a reduction in weight, which was signified by the arrows at the date. For reasons unknown, Congress did not reduce the weight of the silver dollar which made that coin even less likely to be used in circulation. </p><p><br /></p><p>In 1873 the weight was slightly increased to bring the weights up to an even Metric System weight. By this time, the silver price had gone down. The Metric System numbers were a part of an implementation of an international coinage. The Four Dollar Gold Piece was another part of that concept. It never worked. The silver content of the silver coinage stayed the same until the Coinage Act of 1965.[/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 25307547, member: 101855"]The silver content was reduced in 1853 because the California gold rush increased the supply of gold to the point where the relative price silver increased to where the melt value of the silver in the half dime, dime, quarter, half dollar and silver dollar was worth more than their face value. That forced a reduction in weight, which was signified by the arrows at the date. For reasons unknown, Congress did not reduce the weight of the silver dollar which made that coin even less likely to be used in circulation. In 1873 the weight was slightly increased to bring the weights up to an even Metric System weight. By this time, the silver price had gone down. The Metric System numbers were a part of an implementation of an international coinage. The Four Dollar Gold Piece was another part of that concept. It never worked. The silver content of the silver coinage stayed the same until the Coinage Act of 1965.[/QUOTE]
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