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A 1795 Flowing Hair Dollar An 1804 Silver dollar 2 dollars, first November 1862. In the early 19th century, the intrinsic value of gold coins rose relative to their nominal equivalent in silver coins, resulting in the removal from commerce of nearly all gold coins, and their subsequent private melting.
This resulted in a decrease in the value of gold and an increase in the relative value of silver. [1] As a result, silver coins rapidly disappeared from circulation due either to hoarding or melting. [1] In response, Congress authorized the Mint to reduce the quantity of silver in all denominations except the three-cent piece and silver dollar. [1]
The rarest half dollar is the 1892-O "Micro O", in which the mint mark "O" for New Orleans was impressed on the half dollar die with a puncheon intended for the quarter; other key dates are the regular 1892-O, 1892-S, 1893-S, 1897-O, 1897-S, 1913, 1914, and 1915. The last three dates have very low mintages but were preserved in substantial numbers.
The Quarter-Dollar, Half-Dollar and Dollar coins were issued in the copper 91.67% nickel 8.33% composition for general circulation and the Government issued six-coin Proof Set. A special three-coin set of 40% silver coins were also issued by the U.S. Mint in both Uncirculated and Proof.
In January 1915, Assistant Secretary of the Treasury William P. Malburn sent McAdoo a memorandum about the silver subsidiary coinage, noting that "the present silver half dollar, quarter, and dime were changed in 1892, and a new design may, therefore, be adopted in 1916. This can be done any time in the year."
As a way of honoring more presidents, the U.S. Mint began issuing Presidential Dollar coins in the 2000s. Most are worth about face value, but a couple are valued in six figures due to errors .
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