“Are there no FReepers old enough to remember when silver coins were really silver? 1964? Was it that long ago?”
I remember. The government said that there was no reason to hoard the old siver coins because they would stay in circulation and be replaced by the steel coins very slowly. They said that if you hoarded the silver coins you would not make a profit. What a crock that turned out to be. Thank you LBJ.
My first job was in a farm packing house in 1963 making a dollar an hour for 6 12 hour days. If I converted that currency in the brown envelope to dimes, quarters and halves and kept it, it would be worth $1745.28 in Bernank toilet paper as of tonight. That's according to Coinflation based on a silver melt value of $33.51.