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<p>[QUOTE=&quot;Conder101, post: 2134612, member: 66&quot;]The value of the silver exceeded the face value of a silver dollar when the price of silver went above $1.30&nbsp; The metal was worth more than the face value of the 90% silver dimes, quarters, halves when silver reached $1.38</p><p><br /></p><p>Silver rose above $1.30 on July 8, <b>1963</b>.&nbsp; By 1964 it was flirting with the $1.38 level (Remember the Coinage Act of 1965 that gave us the clad coiage was not passed until May 1965.&nbsp; So for a ear and a half the metal content equaled or exceeded the face value.)&nbsp; And there had already been a coin shortage going on before the silver prices rose.&nbsp; This just made it worse.</p><p><br /></p><p>By 1967 silver had reached $1.60 making $1 in silver coins worth close to $1.20 in silver.&nbsp; In 1968 silver reached $2.57 an oz ($1 in silver coins had $1.90 in metal.)&nbsp; Is it any wonder why everyone (and the government) was pulling all the silver coins they came across.[/QUOTE]</p><p><br /></p>

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