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Aristobolus
Penny Sorter Member
76 Posts |
 Posted - 06/10/2010 : 20:05:02
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I am 46 years old, so I do not remember what it was like when the U.S. coins changed from silver to Copper/Nickel Clad. How long did it take for Americans to pull the silver out of the change? Months? Several years? The more specific the better; I am a bit of a history buff.
Was there a sense of excitement? Or was it mainly the "rich" who hoarded, since money had more value back then? By what year was it nigh impossible to find silver in change? As a young child in the mid-seventies, about the only silver I remember were the Kennedy halves.
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AGgressive Metal
Administrator
USA
1937 Posts |
Posted - 06/10/2010 : 20:16:25
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| I think there is a thread all about this if you dig. Generally speaking, almost all was gone by 1970, though that is just what I hear (I am an 80s kid). I also know that some mom and pop stores saved all the silver that came through. I know a local grocer family that literally has a barrel full of American 90% silver. |
And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world.
-Caxton's edition of Aesop's Fables, 1484 |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 06/10/2010 : 20:16:35
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| I was just a kid when my banker aunt told the family to save the silver coins out of circulation. Most people back then really didn't belive that silver coins were worth hoarding.......much like copper pennies today. It took a few years for the silver coins to all but dry up but one can even find them today. |
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Think positive. |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 06/10/2010 : 20:19:35
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| BTW, when my aunt died, her son went into her house and tore out a wall in which they had hoarded many pounds of silver coins. |
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Think positive. |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 06/10/2010 : 20:31:19
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| My first job working in a grocery store didn't even pay a couple of bucks an hour so it wasn't like an average guy could go to the bank and buy $500 of silver quarters very often to hoard away. |
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All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
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Country
1000+ Penny Miser Member
USA
3121 Posts |
Posted - 06/10/2010 : 20:51:07
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I'm a little older than you guys. I can actually remember a time when I was younger when all there was were SILVER coins. When I was a kid, saving SILVER coins in a collection by picking them out of circulation or bank rolls was just too expensive a deal. SILVER coins really had their buying power in the 50's, so I collected pennies which I could afford. Pennies were what kids could afford, collect, and trade. They were much more popular amongst kids then, although my father and other adults could cull nice quarters, half dollars, or SILVER dollars from banks or circulation. Once in a awhile, I would go to drive in window, a new concept at that time, and ask for $5 or $10 of penny rolls. At other times, I would go inside the bank and ask them for "Real" SILVER dollars; getting a bunch of Morgans and Peace when I got a $5 birthday gift from my uncle or aunt. I remember getting a 1928-P SILVER dollar one day with other SILVER dollars one time. I remember spending a SILVER Morgan dollar (not a rare date because I knew my coins even then) at our local pharmacy using it to buy comic books and baseball cards. The pharmacist thanked me because he was going to add it to his collection. Sometimes, I'd ask for nickels (searching for Buffalos) or dimes (searching for scarce dates like the 1921's). But quarters or halves, were just too expensive for me to keep. In those days, you could buy 5 comic books for a 50c piece (a Franklin or a Walker - that's all there was then).
Anyway, as the SILVER coins were being pulled from circulation in 1965 and shortly afterwards, I would say by 1970 most were culled out by the public or others seeking a small profit from them. At that time I was in college, with little money, and as other young boomers in one way or another concerned about the Vietnam War, rather than culling out SILVER. |
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– Theodore Roosevelt
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
Posted - 06/10/2010 : 20:51:42
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I was making $1.35 an hour at Der Weinerschnitzel in 1970. When I made assistant manager they gave me a ten cents raise. As a nineteen year old punk kid, I wasn't even aware we were supposed to save the silver, but couldn't have afforded it anyway. It was mostly gone from circulation by that time as it was  |
Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
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misteroman
Administrator
USA
2565 Posts |
Posted - 06/10/2010 : 22:52:59
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| when ever I read threads like this all I think about is being able to go back to the 50's or whenever and just putting stuff away. looks like the average wage in 1893 was about $10 a week. most frugal people can save 20% of their wages aweek. could you imagine living in san fran and putting away 2 1893-s dollars every wk for a yr. even if they only graded a ms 60you'd have like 10million right now. |
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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tmat
New Member
USA
24 Posts |
Posted - 06/11/2010 : 07:24:27
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| there were still plenty of silver coins avail(40 to 50 %) during 1st half of 1968 then it seems that they started to get tough and banks and vending co wern't too eager to supply |
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Aristobolus
Penny Sorter Member
76 Posts |
Posted - 06/12/2010 : 02:25:26
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| Thanks for the stories. Any more are appreciated. In this midst of our hoarding coins, we must not detach our efforts from our everyday history. I am sure my sons (who assist me in sorting change will relish their memories; other future inquirers will ask questions of them. Possibly such as "what were coins, again?" |
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Aristobolus
Penny Sorter Member
76 Posts |
Posted - 06/12/2010 : 04:44:45
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quote:
Originally posted by AGgressive Metal
I think there is a thread all about this if you dig. Generally speaking, almost all was gone by 1970, though that is just what I hear (I am an 80s kid). I also know that some mom and pop stores saved all the silver that came through. I know a local grocer family that literally has a barrel full of American 90% silver.
The post from 3/23/2009 has but one respose. So if anyone has anymore to add, keep the anecdotes rolling. |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 06/12/2010 : 06:39:27
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quote:
Originally posted by Aristobolus
quote:
Originally posted by AGgressive Metal
I think there is a thread all about this if you dig. Generally speaking, almost all was gone by 1970, though that is just what I hear (I am an 80s kid). I also know that some mom and pop stores saved all the silver that came through. I know a local grocer family that literally has a barrel full of American 90% silver.
The post from 3/23/2009 has but one response. So if anyone has anymore to add, keep the anecdotes rolling.
Here is one. When the Hitler's car side show came to town they only accepted silver donations in order to see it. |
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All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
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After 64, how long did sliver last in change?
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