Search results
Results from the WOW.Com Content Network
An unofficially produced 1964-D Peace dollar, struck over a genuine silver dollar by a private mint. On August 3, 1964, Congress passed legislation providing for the striking of 45,000,000 silver dollars. Silver coins, including the dollar, had become scarce due to hoarding as the price of silver rose past the point at which a silver dollar was ...
So $77.57 back in 1964 would have been a relatively significant sum. Call up an inflation calculator online and you'll learn that something that cost $1 in 1964 would cost, on average, $10.15 today.
The Eisenhower dollar is the final regular-issue dollar coin to have been minted in silver (collectors and proof issues were minted with a purity of 40% Ag [84]), the final dollar coin to be minted in the original large size, [85] and the only circulating "large dollar" (that is, of the same 38mm diameter as earlier 90 percent dollar coins) to ...
This created a new U.S. dollar that was backed by 1.50 grams (23.22 grains) of gold. However, the previous dollar had been represented by 1.60 g (24.75 grains) of gold. The result of this revaluation, which was the first devaluation of the U.S. dollar, was that the value in gold of the dollar was reduced by 6%.
The Kennedy half dollar, first minted in 1964, is a fifty-cent coin issued by the United States Mint. Intended as a memorial to the assassinated 35th president of the United States John F. Kennedy , it was authorized by Congress just over a month after his death.
Dimes, quarters and half dollars are also struck in 90% silver for special annual collector's sets. The silver-colored Susan B. Anthony dollar was replaced with gold-colored Sacagawea dollar in 2000 and Presidential Dollars 2007-2016; though the composition changed, the coin's size and weight remain the same.
By the summer of 1971, Nixon was under strong public pressure to act decisively to reverse the economic tide. On August 15, 1971, he ended the convertibility of the U.S. dollar into gold, which meant the demise of the Bretton Woods system, in place since World War II. As a result, the U.S. dollar fell in world markets.
The silver in a dollar's worth of quarters would be worth more as bullion than as money if the price of the metal rose past $1.38 per ounce, and there was widespread hoarding of silver coins. Demand for the Kennedy half dollar as a collectable drove it from circulation after its debut in 1964. The Bureau of the Mint increased production ...