Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Why 40%?
>
Reply to Thread
Message:
<p>[QUOTE="2schnauzers2luv, post: 1722888, member: 26161"]In the early 60's, it was said that silver was in short supply. So they stopped using silver in the dimes and quarters. When the Kennedy Half was created in 1964, the general public loved the coin for two reasons. Those being the fact that President Kennedy was on it and the fact that it was 90% silver. So it was being hoarded. The government wanted the half to circulate but the hoarding prevented that. So they came up with the idea of reducing the silver content to 40% thinking that would decrease the hoarding and promote the coin to circulate. That didn't work.[/QUOTE]</p><p><br /></p>
[QUOTE="2schnauzers2luv, post: 1722888, member: 26161"]In the early 60's, it was said that silver was in short supply. So they stopped using silver in the dimes and quarters. When the Kennedy Half was created in 1964, the general public loved the coin for two reasons. Those being the fact that President Kennedy was on it and the fact that it was 90% silver. So it was being hoarded. The government wanted the half to circulate but the hoarding prevented that. So they came up with the idea of reducing the silver content to 40% thinking that would decrease the hoarding and promote the coin to circulate. That didn't work.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Why 40%?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...