Numismatics
Silver bullion and U.S. Silver coinage
When coins had intrinsic value
Published in
7 min readApr 11, 2020
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On September 9th, 1963 the price of pure silver hit $1.293 per ounce. That was a new record for the 20th century and it caused a problem for the U.S. Treasury Department: coins in circulation were now worth their face value. That is, counting the cost of refining to pure silver (coinage was 90% silver…
