what was this act's after-effect?
One of the effects was the Silver inventories at the Treasury continued to drop through 1966 as the government attempted to maintain the $1.2929 price of silver.
Coinage Act of 1965
The Mint began to strike the first of the 1965-dated clad coins, quarters, on August 23 of that year, making them the first U.S. coins to bear that date. By November 1965, with the Christmas shopping season beginning, the Fed had only 15 million of the old silver quarters in reserve. That month, though, the Mint released over 230 million of the new clad quarters, and stated that an equal number would be issued every month. This figure quadrupled the previous record monthly production. The new dime and half dollar were released in early 1966, a time when flowback to the Fed increased for all denominations being struck except the half dollar. That denomination failed to return to circulation, as they continued to be withdrawn. The Mint continued to strike 1964-dated silver pieces under the authority of the Coinage Act until 1966, when Secretary Fowler announced, "the coin shortage is over". In July 1966, the Treasury announced that coins struck after August 1, 1966, would bear the date o
when was silver taken out of us coins 1965 when was this act enacted? July 23, 1965 was there a shortage of coin? Yes. who minted the coin? United States Bureau of the Mint how is the title iii—joint commission on the coinage related to this act? It was tasked to report on the implementation of the act, and make recommendations from time to time to the president, the Treasury Secretary, and Congress.
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Coinage Act of 1965 [SEP] Aftermath
The Mint began to strike the first of the 1965-dated clad coins, quarters, on August 23 of that year, making them the first U.S. coins to bear that date. By November 1965, with the Christmas shopping season beginning, the Fed had only 15 million of the old silver quarters in reserve. That month, though, the Mint released over 230 million of the new clad quarters, and stated that an equal number would be issued every month. This figure quadrupled the previous record monthly production. The new dime and half dollar were released in early 1966, a time when flowback to the Fed increased for all denominations being struck except the half dollar.