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I was just a kid in the 50s and can barely remember silver dollars being used but I do remember a little of that. My uncle used to give us kids a silver dollar once in awhile. It was really a big deal for what it could buy back then. Of course it only bought $1 worth of anything but an ice cream cone was 10cents so it went a long way. By the end of the 50s it was rare to see a silver dollar being used for a transaction. I heard that gambling casinos in Las Vegas began collecting silver dollars and put them in their basements in milk cans and so collect hundred of thousands of dollars in ilver dollars and helped take them out of circulation. Just what I heard.
I remember the silver dollar well. The ones from the 50s and early sixties were real silver (the same as quarters, dimes and half dollars) in '67(?) they replaced them with the layered non silver coins but they were still pretty large and not real uncommon.
I would like to see dollar coin and two dollar bills come back and them stop making one dollar bills
I remember the silver dollar well. The ones from the 50s and early sixties were real silver (the same as quarters, dimes and half dollars) in '67(?) they replaced them with the layered non silver coins but they were still pretty large and not real uncommon.
I would like to see dollar coin and two dollar bills come back and them stop making one dollar bills
Actually, there are no U.S. dollar coins from the 50s or 60s. However, there were more than enough older dollar coins both in circulation and stockpiled at the mint to meet contemporary demand.
Production of the Peace Dollar ended in 1935. There was a plan to resume the issue in 1965, and hundreds of thousands of Peace Dollars pre-dated with a 1964-D mark were minted, but they were never issued and all were subsequently melted down - none are known to survive.
The U.S. dollar coin would be revived in 1971 with the Eisenhower Dollar, but that was a silver-less coin (except for special issues intended specifically for collectors and not for circulation).
As an aside, we should not only scrap the dollar bill but scrap an entire decimal point in our coinage - there is no need for anything smaller than a dime.
Scrap the cent, the nickel and the quarter. Keep the dime and the fifty-cent piece, but make the new fifty-cent piece slightly larger than a dime and slightly smaller than a nickel. Make the new dollar coin midway between a nickel and a quarter. In addition to scraping the dollar, we should scrap the two (completely worthless) and the five, replacing the latter with a new coin slightly larger than a current quarter.
Pocket change worth $9.90 would then amount to all of 13 coins, weighing no more than a few quarters and a few dimes now weigh.
Since that would make far, far too much sense, not to mention save money, it will never happen.
Actually, there are no U.S. dollar coins from the 50s or 60s. However, there were more than enough older dollar coins both in circulation and stockpiled at the mint to meet contemporary demand.
Production of the Peace Dollar ended in 1935. There was a plan to resume the issue in 1965, and hundreds of thousands of Peace Dollars pre-dated with a 1964-D mark were minted, but they were never issued and all were subsequently melted down - none are known to survive.
The U.S. dollar coin would be revived in 1971 with the Eisenhower Dollar, but that was a silver-less coin (except for special issues intended specifically for collectors and not for circulation).
As an aside, we should not only scrap the dollar bill but scrap an entire decimal point in our coinage - there is no need for anything smaller than a dime.
Scrap the cent, the nickel and the quarter. Keep the dime and the fifty-cent piece, but make the new fifty-cent piece slightly larger than a dime and slightly smaller than a nickel. Make the new dollar coin midway between a nickel and a quarter. In addition to scraping the dollar, we should scrap the two (completely worthless) and the five, replacing the latter with a new coin slightly larger than a current quarter.
Pocket change worth $9.90 would then amount to all of 13 coins, weighing no more than a few quarters and a few dimes now weigh.
Since that would make far, far too much sense, not to mention save money, it will never happen.
This makes sense, yes, however, money is becoming digitalized anyway. I have a feeling that printed bills and coins will become a thing of the past within a few short decades.
Up through the 60s, Nevada retailers would always give silver dollars as change for purchases like gas and meals, instead of paper ones, because of the high probability they would be put into a slot machine before the visitor left the state. A friend of my dad's went to Vegas every year, and always brought home a couple dozen of them and saved them. When the Hunt Brothers ran up the silver prices in 1979, he bought a new Cadillac with about 300 silver dollars.
Montana also had a lot of silver dollars in circulation. I asked people why, since there were no casinos in Montana. I was told they just like the jingle of the silver in their pockets. There were other places around the country where people had personal preferences about certain coins. In New Orleans in the 50s, you'd never see a silver dime. Everybody wanted nickels, because street car fare and phones and coke machines all took nickels. I bet I didn't see more than two or three dimes, in the two years I spent in Louisiana in the 50s.
Most silver dollars were made in the 1800s, and then minting declined for a long time, and a lot of them got so worn down there wasn't much of the design still visible on them. Then a lot more were made in a new design around 1921-3. They were still made in other years, up to 1935, but in much smaller numbers. The most common ones were the 1880s and 1921-3. The large-size Eisenhower dollar was minted throughout the 1970s, but made of base metals.
I don't like dimes. Too small in my pocket. I disagree with the 'get rid of pennies' concept. You need a starting point. If you make the nickle or the dime the lowest denominator then soon someone will be complaining that that coin is 'worthless'
Several people talking about silver dollars from the 50s. I have 6 of the real silver dollars, from the 1880s, in my safety deposit boxes. Two of them were from when my grandmother was 2 years old.
You ever watched Pawn Stars episode on silver? Old man bought and forked $138 000 to a guy in a heartbeat for a bunch of silver dollars and large silver brick. And Old Man is a tough sale. But he knows well enough that little green pieces of paper, or numbers on the screen have no real value. But, say, NASA is in continuous deman for silver and gold, as both are excellent conductors.
And I have not heard of any factory anywhere in the world making those metals. Consuming them - yes, but making them? No.
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