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<p>[QUOTE=&quot;satootoko, post: 187947, member: 669&quot;]I think the original question related to the substantial termination of circulating silver coins as of 1965, and my answer was in that context.&nbsp; I wasn&#039;t thinking about the various 19th Century events involving silver. <img src="http://bestsmileys.com/foot_in_mouth/1.gif" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>The cessation of minting silver coins without canceling the monetary status of those already circulating is not demonetization.&nbsp; Demonetization involves stripping a circulating coin of its monetary status.&nbsp; That&#039;s what happened to, among many examples, Trade Dollars in the U.S. and (temporarily) in Japan; to francs, marks, and the other former currencies replaced by the Euro; to English pre-decimal coins; and to the old Mexican coins when the Peso was devalued by 1000.&nbsp; In those cases it was never the metal being stripped of monetary status, only the coins themselves.[/QUOTE]</p><p><br /></p>

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