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Why didn't the mint make 40% silver dimes and quarters in 1965?
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<p>[QUOTE="Conder101, post: 3164035, member: 66"]The 40% silver clad half was a political sop thrown to the silver producing western states in order to get their support for the copper nickel clad coinage. The mint wanted to eliminate silver entirely from all the coins but the western states senators let it be known that they wouldn't agree to vote for it. So the compromise was made to keep the largest coin, the half dollar still partially silver. That got the votes they needed to pass the coinage act. A second sop was the agreement to mint 45 million 90% silver dollar coins (what would have been the 1964 Peace dollars) That agreement was later reneged on when it became clear that coins would have been produced at a loss and would have immediately gone straight into collectors hands and/or the melting pot. In the middle of a coin shortage it made no sense to coin 45 million dollar coins that would never circulate when the economy needed more small coins.</p><p><br /></p><p><br /></p><p>It would have been 40% silver clad. The 40% silver clad decision had nothing to do with who was on the coin, just the fact that it was the largest and would require the most silver from the western states[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 3164035, member: 66"]The 40% silver clad half was a political sop thrown to the silver producing western states in order to get their support for the copper nickel clad coinage. The mint wanted to eliminate silver entirely from all the coins but the western states senators let it be known that they wouldn't agree to vote for it. So the compromise was made to keep the largest coin, the half dollar still partially silver. That got the votes they needed to pass the coinage act. A second sop was the agreement to mint 45 million 90% silver dollar coins (what would have been the 1964 Peace dollars) That agreement was later reneged on when it became clear that coins would have been produced at a loss and would have immediately gone straight into collectors hands and/or the melting pot. In the middle of a coin shortage it made no sense to coin 45 million dollar coins that would never circulate when the economy needed more small coins. It would have been 40% silver clad. The 40% silver clad decision had nothing to do with who was on the coin, just the fact that it was the largest and would require the most silver from the western states[/QUOTE]
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Why didn't the mint make 40% silver dimes and quarters in 1965?
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