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<p>[QUOTE=&quot;Conder101, post: 1724162, member: 66&quot;]Several reasons.&nbsp; As mentioned the country was in the midst of a major coin shortage and it didn&#039;t make much sense to strike 45 million silver dollars, a coin that basically did not circulate, when the same silver could be used to create 180 million quarters or 450 million dimes that were desperately needed.&nbsp; Also the price of silver had already risen to the point where the silver dollars were already worth more than their face value which would keep them from circulating.&nbsp; And finally speculation for the new coins was already running rampant, so much so that coin dealers around the country had already offered to buy up the entire mintage at prices up to $7.50 per coin.&nbsp; It became clear that the issuance of the new dollars was just going to one big waste of time, effort, and resources.&nbsp; The Mint tried dragging their feet hoping to get the authorization overturned but the orders came down, the law is the law and they aren&#039;t going to budge.&nbsp; So at that point President Johnson stepped in and killed the dollar coin.[/QUOTE]</p><p><br /></p>

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