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<p>[QUOTE=&quot;cladking, post: 128309, member: 68&quot;]The coinage act of 1965 wasn&#039;t passed until midyear.&nbsp; Before that the government had instituted a date freeze and said the 1964 date would be minted forever.&nbsp; In August they started production of the 1965 quarters in clad and the mint had the authority to use the 1965 date as long as they saw fit.&nbsp; Concurrently they were producing 1964 dates silver coins and these were made well into 1966 as well as all&nbsp; the 1965 dated coinage.&nbsp; It was not profitable to melt silver until 1967 and before this there was not a lot of drawdown of these coins from circulation.&nbsp; Once a premium developed these coins started going fast.&nbsp; In mid 1968 the Federal Reserve began separating clad from silver to recover the old silver coins.&nbsp; By this time more than half had already been plucked out by the public.&nbsp; This operation continued until mid 1969 by which time there wasn&#039;t enough silver remaining to justify running the coins through automatic sorters.&nbsp; The government got the lion&#039;s share of these last silver coins.&nbsp; By about 1971 the coinage was picked clean and there was less silver in circulation than there is today.[/QUOTE]</p><p><br /></p>

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