90% Silver in Circulation Questions

KeithinMD

How long after 1964 did silver coinage continue in circulation? In other words, what was the rough ratio of silver to clad by 1970? Did individuals start hoarding it right away or was there a lag before folks realized there was a change to clad?

Outhaul

I was hoarding it before 1964.

quarterjack

I worked in an autoparts store in the late 70's and we would sometime get silver in rolls of change that came from the banks, almost never across the counter from the customers.

Dave

DRG

I was born in 1962 but I started collecting silver coins and wheat cents in 1968. Neither were very common by then, they could be found but with some searching.

PerryHall

Once clad coins were in circulation, people started to hoard silver coins. Even the US government started removing silver coins from circulation when they came into the Federal Reserve. Once the melt value exceeded the face value ( I believe it was 1967) silver coins virtually disappeared from circulation.

Sotty

Where I live they just about disappeared in 1969.

TheRaven

I have found one Quarter and one Dime in the last few years.....

cladking

Silver coins were made for circulation into 1966 and were (mostly) dated 1964. There
was little widespread removal of silver coins from circulation until early 1967. In mid-'68
the FED started removing silver and by mid-'69 there wasn't enough left to bother with
the effort. The public had the last of the silver gone from circulation by mid'-1970 but
there were no doubt a handfull of stragglers from piggy banks and such sources until
'73 or so. These would have been very few in number.

The last of the silver would have been statistically gone by '75 and any seen since that
time are almost certainly coins that had been removed and found their way back into
circulation. Silver no longer works in most vending machines so these wouldn't circu-
late even if they could.

ricman

ricman

During much of 1968 I was traveling in many small towns in eastern PA. At that time I would stop several time a week in the local banks to obtain rolls of dimes, quarters and sometimes half dollars. For much of this year I was able to obtain as many silver coins as I could afford to keep. It was no problem to obtain some $100 a week without significant effort. My best find was a roll of early date Walking Liberty halves, some of which still remain in my collection. Another significant find was an AU 1918 S Standing Liberty quarter.

MoneyCollector

Its still circulating - I got a '64 quarter at the carwash on Saturday!

291fifth

Silver coins disappeared very quickly after about 1968. By the early 1970's, .900 fine silver coins in circulation were unusual.

BlindedByEgo

Google "Gresham's Law"

D

I find at least one silver dime and/or one quarter every week and a half.

-Daniel

ziggy29

<< <i>Silver coins were made for circulation into 1966 and were (mostly) dated 1964. >>

I was happy when I first heard this. I was born in '65 and all four of my siblings were older, so their "birth year sets" were silver and I got clad.

But once I realized that they actually made 1964-dated silver coins in 1965, I guess I could include them instead. Oh, and I guess I can get a 1964-D Peace Dollar, too, as they were also minted in '65.

cladking

<< <i>

<< <i>Silver coins were made for circulation into 1966 and were (mostly) dated 1964. >>

I was happy when I first heard this. I was born in '65 and all four of my siblings were older, so their "birth year sets" were silver and I got clad.

But once I realized that they actually made 1964-dated silver coins in 1965, I guess I could include them instead. Oh, and I guess I can get a 1964-D Peace Dollar, too, as they were also minted in '65. >>



As long as you're at it you might include a 1965 silver dime an quarter and 1965 clad quarter with 1964 reverse.
There are also a quarter and half which are apparently proof and there may be others. Don't forget the '65 rotated reverse half. Some of the cameo SMS's are extremely scarce. 1965 is a great year.

JoyofCollecting

Just about every day in the Summer of '74 I rode my ten speed bike from bank one to home to bank two exchanging $100 worth of rolled coins. So, I probably looked through about $9,000 worth of silver coin that Summer.....I found about $80 face for my efforts. What's that? just a little less than 1%?

Interesting though that seldom would I find just one coin in a roll. Usually it was three or four in a roll or none at all.

But for a nine year old in 1974, the $400 or so I made doing that seemed like a lot of money and helped finance my collection of seated dimes.

Oh yeah...I would have exchanged more rolls each day...but that was about all this nine year old could carry on an eight mile round trip in 100 degree Texas heat.

Hope that helps with your question.

numisanity

numisanity

Sorry about the accidental blank post above.

My grandparents owned a store in the 1970s and there still frequently found silver dimes, quarters, and half dollars in circulation.

AU58WALKERS

my wife got a 1951-d quarter in change today.