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The Mint's production of coins rapidly depleted the Treasury's stock of silver. Prices for the metal were rising to such an extent that, by early June 1965, a dollar in silver coin contained 93.3 cents' worth of it at market prices. On June 3, 1965, President Lyndon Johnson announced plans to eliminate silver from the dime and quarter in favor ...
The Coinage Act of 1965, Pub. L. 89–81, 79 Stat. 254, enacted July 23, 1965, eliminated silver from the circulating United States dime (ten-cent piece) and quarter dollar coins. It also reduced the silver content of the half dollar from 90 percent to 40 percent; silver in the half dollar was subsequently eliminated by a 1970 law.
It was minted in 0.2204 oz. (6.25 g) of 90% fine silver until 1964, when rising silver prices forced the change into the present-day cupronickel-clad-copper composition, which was also called the "Johnson Sandwich" after then-president Lyndon B. Johnson. [13] As of 2011, it cost 11.14 cents to produce each coin. [14] Regular issue Washington ...
Some 1965 Roosevelt Dimes, in excellent condition, can go for over $1,000, but most are worth 20 cents to $2.50, per the experts at Ned Ludd Coins. Those made of silver have sold for thousands of ...
This rare coin is notable because it doesn’t contain a mint mark; the U.S. Mint deliberately didn’t include mint marks on coins produced from 1965 to 1967, to limit coin hoarding. The Mint ...
You may have heard of the Saint Gaudens Double Eagle 1933 which sold for a record-breaking $7.59 million at an auction, and other valuable coins that have been sold for more than a few silver dollars.
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