Due to a shortage of "blanks", some U.S. coins were still minted in silver until
some time in 1965. I don't recall exactly which ones, but I remember coming
across the "factoid" that they exist.
On 9/11/2019 01:05:00, P. J. Alling wrote:
The British pound stopped being convertible some years before that, and I'm old
enough to remember when Nixon took us off the Gold Standard, and when Johnson
before him stopped the average citizens converting to specie, until then the
Treasury was required to issue a number of silver certificates. That's when the
government started issuing "Johnson slugs", instead of silver coins. That was
1964 by the way, by the way I never called them that, but I had friends and
acquaintances who did.
On 9/10/2019 1:35 PM, John wrote:
I think they still call it that.
The "dollar" used to be a specific silver coin, and paper currency US dollars
were "payable in silver" (or gold if you had gold-back dollars), but the
dollar hasn't been "convertible to specie" for more than 50 years now (86
years for gold).
Interestingly enough, nowadays most specie backed U.S. currency is worth
considerably more than face value, as are gold & silver coins.
I don't collect, but there are certain items I wanted just for the coolness
factor ... I have an old "Greenback" dollar (even though "I don't give a damn
...") https://www.youtube.com/watch?v=TufDxRHetcI
... a Spanish (Mexican) Pillar dollar (pieces of eight),
a Saint-Gaudens Gold Double Eagle, the most beautiful coin ever minted
https://en.wikipedia.org/wiki/Saint-Gaudens_double_eagle
... "Put a $20 gold piece on my watch chain so the lord will know I died
standing pat" https://www.youtube.com/watch?v=5zpa7u4vKdQ
and a genuine, honest to god, U.S. Treasury Note $5 bill (says something like
"redeemable at the U.S. Treasury" instead of Federal Reserve).
And, of course, I look at any change I get because occasionally a wheat penny
or a silver quarter will still show up in it. Since those coins have been
recalled and are no longer valid for use in commerce, I do my duty and remove
any I find from circulation.
On 9/9/2019 20:34:14, P. J. Alling wrote:
The "Pound Sterling" is Britain's monetary unit, thought I don't know if it's
still Sterling as it's no longer convertible to specie.
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Science - Questions we may never find answers for.
Religion - Answers we must never question.
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