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<p>[QUOTE="mikenoodle, post: 1724110, member: 307"]IMHO, the 40% halves were produced as a bone to the silver and hard money interests. Our Money was backed by metal up until the early 60s, when it was all removed, the 40% half dollar was made to keep some illusion of a "backed by hard money" coinage in place when in fact, they had just flushed the entire idea down the toilet with the clad coinage and the issuance of federal reserve notes[/QUOTE]</p><p><br /></p>
[QUOTE="mikenoodle, post: 1724110, member: 307"]IMHO, the 40% halves were produced as a bone to the silver and hard money interests. Our Money was backed by metal up until the early 60s, when it was all removed, the 40% half dollar was made to keep some illusion of a "backed by hard money" coinage in place when in fact, they had just flushed the entire idea down the toilet with the clad coinage and the issuance of federal reserve notes[/QUOTE]
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Why 40%?
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