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In 1979, the price for silver (based on the London Fix) jumped from $6.08 per troy ounce ($0.195/g) on January 1, 1979, to a record high of $49.45 per troy ounce ($1.590/g) on January 18, 1980, an increase of 713%, with silver futures reaching an intraday COMEX all-time high of $50.35 per troy ounce and a reduction of the silver/gold ratio down to 1:17.0.
This table represents the mintage figures of circulating coins produced by the United States Mint since 1887. This list does not include formerly-circulating gold coins, commemorative coins, or bullion coins.
The silver boom of 1979–80 saw a large increase in the amount of sales and destruction of many hoarded 1964–1969 silver Kennedy half dollars. Record high silver prices caused extensive melting of silver coins, especially half dollars and silver dollars for their metal content. [36]
Discover More: 10 Rare Coins Expected To Soar in Value in the Next Five Years. Find Out: 3 Things You Must Do When Your Savings Reach $50,000. ... The value of silver dollars can vary greatly ...
The production of large numbers of U.S. gold coins (The first $1 and $20 gold coins were minted in 1849) from the new California mines lowered the price of gold, thereby increasing the value of silver. By 1853, the value of a U.S. silver dollar contained in gold terms, $1.04 of silver, equal to $38.09 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 ...
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