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What was it like in 1964-65?
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<p>[QUOTE="GDJMSP, post: 1804756, member: 112"]Yes the public knew that the changeover was almost certainly coming before it occurred. I can't give you an exact date that it became well known but everybody was pretty much aware of the problem. They knew there wasn't enough silver to continue making our coins out of silver, that we had to stop using silver. </p><p><br /></p><p>Coins were being hoarded, pulled from circulation by the general public. And this had been going on for some time because of what everybody knew was inevitable. There were claims that coin collectors were responsible for this, causing a coin shortage. </p><p><br /></p><p>I can't readily find when the first of such bills were first proposed to Congress or when it was first discussed. But the Congressional Hearings that resulted in a bill actually being passed in July of 1965 took place before the Committee on Banking and Currency on June 4th, 7th, and 8th, 1965.</p><p><br /></p><p>You can read those entire hearings and the reasons for doing away with silver in our coins here - <a href="http://archive.org/stream/coinageactheari00statgoog/coinageactheari00statgoog_djvu.txt" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://archive.org/stream/coinageactheari00statgoog/coinageactheari00statgoog_djvu.txt" rel="nofollow">http://archive.org/stream/coinageactheari00statgoog/coinageactheari00statgoog_djvu.txt</a>[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 1804756, member: 112"]Yes the public knew that the changeover was almost certainly coming before it occurred. I can't give you an exact date that it became well known but everybody was pretty much aware of the problem. They knew there wasn't enough silver to continue making our coins out of silver, that we had to stop using silver. Coins were being hoarded, pulled from circulation by the general public. And this had been going on for some time because of what everybody knew was inevitable. There were claims that coin collectors were responsible for this, causing a coin shortage. I can't readily find when the first of such bills were first proposed to Congress or when it was first discussed. But the Congressional Hearings that resulted in a bill actually being passed in July of 1965 took place before the Committee on Banking and Currency on June 4th, 7th, and 8th, 1965. You can read those entire hearings and the reasons for doing away with silver in our coins here - [url]http://archive.org/stream/coinageactheari00statgoog/coinageactheari00statgoog_djvu.txt[/url][/QUOTE]
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