CoinWeek Classic: What Really Happened to the 1964 Denver Mint Peace Dollars?
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- Опубліковано 8 вер 2024
- Michael Lantz, Denver Mint Foreman, Retired, 1961-1995
There is the tale of a legendary Peace dollar struck at the Denver Mint in silver and dated 1964. Rumors of this coin have been around for years. Was it really struck? Did any examples survive? Michael Lantz worked at the Denver during the 1960's and knows what really happened. He tells the story of how and why these Peace dollars were created and whether any have survived to this day. 3:47
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Interesting, but two important questions.
Why were coins minted in May 1965, dated 1964?
They took samples off each press and sent to Washington, so that leads one to wonder if any of those survived.
There was a date freeze in effect for the 1964 Peace Dollar, due to a coin shortage in 1965. As for the two that ended up in Washington, they were examined, then placed in a Treasury vault until 1970, when they were melted down. None of these coins remain in existence, they’re gone for good. All that remains are fantasy pieces. Sorry to be the one to tell you.
Where's the part in 1970 when presentation pieces are found? They exist and can prove it.
Those were melted down, they no longer exist.
"...this room, it's a room of lies..."
Since my comment, I learned that silver was taken out of coins in July 1965. The clad coins were supposed to have been introduced earlier in the year but due to technical problems with the metal change, they weren't ready until July. Therefore they kept minting dimes, and quarters (dated 1964 oddly enough) until July 1965.
We know what happened next. The clad coinage was treated as bogus and silver then very quickly disappeared from circulation.
There was a coin shortage, which the Mint blamed on coin hoarders... but from the 1930's to 1960's it was a common thing to save BU rolls of each date, denomination, and mint mark. Which is one reason the Mint removed all mint marks from coins in 1965-1967, despite all three mints producing coins. The copper-nickel clad planchets were a lot harder to mint than the softer 90% silver planchets, and it wasn't until 1971 that the Mint had the technology to use a tougher steel alloy to make the dies. The reliefs were slightly lowered and design changed slightly in all coins.
The value of the silver content in coinage was far exceeding the face value; silver hit a high of $18 in 1968, $29 in 1974, and over $118 in 1980.
Wow! So public demand for an ounce of siver was $118! I am aware of the hunt Brothers in 1970s to 1980, a silver shortage in 1963, a coin shortage in 1965. So no Kennedy half dollars were minted in 1964?🤔 in 1942 ton 1945 there was a copper shortage, to enrich uranium silver wire and electric components were used in centrifuges. I got that from a Time Life book printed in 1965 Matter.
@@louieatienza8762 I'm assuming you're quoting figures adjusted for inflation. Silver never hit $118 in 1980, the high was more like $50. But $50 in 1980 dollars is easily $118 today, if not more.
@@Tiqerboy Yes inflation adjusted....
@@charlesmichaelschmitt6412 I didn't qualify this was inflation-adjusted. Kennedy halves were minted in 1964 - somewhat conveniently the 25-year statute for the Franklin coin design was up, and Congress pushed a bill forward to get the Kennedy halves minted for the public. The Mint likely produced 1964-dated Kennedys well into 1965, and didn't start producing 40% clads until later that year.
As to copper, it was used for ammo during WW2, so the Mint created the "steel" cents of 1943, and billon nickels (silver alloy) 1942-1945. The Lincoln cents of 1944 were struck with used shell casings.
just like the 1933 Double Eagles that never survived.....