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<p>[QUOTE=&quot;n9jig, post: 1426940, member: 35249&quot;]I always assumed that most silver dollars were actually intended as value stores to back paper currency (Silver Certificates) and once they were no longer needed as such they were released or melted. The few that circulated outside casinos usually ended up back at the banks, much like the current dollar coins. When Ikes came around in the 70&#039;s the halves had dropped from every day use and everyone had gotten used to using the quarter as the largest value coin. Silver dollars hadn&#039;t been minted for 35 years by then and pretty much were out of circulation except in Nevada and maybe Montana for a good portion of that time. After the silver debacle of the 60&#039;s most were hoarded or melted. Since Ikes in circulation contained no silver there was no reason to hoard them except as curiosities and they just would wind there way back to storage.</p><p><br /></p><p>I thought the UK got it right when they produced their £1 coin, an off-color coin about the size of 2 nickels stacked with edge lettering. It is unlikely to be confused with anything else, small enough to be carried around in normal quantities and absent competition with £1 bills. (Scotland still produced £notes for a while but they rarely were seen when I was there...)[/QUOTE]</p><p><br /></p>

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