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<p>[QUOTE=&quot;19Lyds, post: 1550194, member: 15929&quot;]My understanding is that with the impending costs of silver and the country going off of the silver standard for coins, massive amounts of coins WERE being taken off the market. The end result was a coin shortage in 1964. So much of a shortage that production of some 1964 silver coins was extended into 1966. Kennedy Half Dollars comes to mind as well as Washington Quarters.</p><p><br /></p><p>The Treasury Departments response to these shortages was to &quot;eliminate&quot; mint marks from all coins and divert special interest coin production equipment (i.e. proofs which required special handling) into regular production.</p><p><br /></p><p>The SMS coins were produced to satisfy the uproar heard in Washington by coin collectors who were adamant that they were not responsible for the current shortages as much as non-collecting speculators. It was a fairly weird time back then.[/QUOTE]</p><p><br /></p>

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