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<p>[QUOTE=&quot;jackeen, post: 139308, member: 5683&quot;]There was signficant inflation before the silver was taken out of coins.&nbsp; What $1 bought in 1946 took $1.60 in 1964.</p><p><br /></p><p>Coins in 1964 were a tiny part of the money supply, then as now being mostly demand accounts in banks and other financial institutions. From the 1870s on silver coins were tokens, and money because the government said they were, not for the value of their silver. A silver dollar in 1940 had about twenty-seven cents worth of silver in it. In 1961, it was still just eighty cents worth.</p><p><br /></p><p>It&#039;s true that inflation accelerated as the 1960s went on, but that had to do with the government spending billions it didn&#039;t have fighting the Vietnam War, funding Great Society programs and sending men to the Moon. The fact that clad coins were tokens wasn&#039;t a factor; silver coins had been tokens for the previous nearly 100 years.[/QUOTE]</p><p><br /></p>

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