millededge
Active Member
Thought I'd post a pic of this as it is an unusual item in Australia I think.
Historical rounds make for an interesting talking point.
The last U.S. circulated silver coin was the 1964 Kennedy half dollar, in honour of his death in 1963, by assassination on November 22.
The Silver Strategic Stockpile was created in June 1968, via a 165 million ounce silver 'donation' from the U.S. Treasury. I guess Treasury didn't need it anymore as it was fully demonetised.
25.5 million ounces was removed in 1970 (I'm not sure why yet), leaving 139.5 million ounces, predating the closure of gold window in 1971.
The stockpile remained at about 137.5 MOz through to 1985, after which it declined each year until 2002 when it was fully depleted in sales back to the U.S. Treasury, to mint Silver Eagles, the first of which was struck in 1986.
source:
http://about.ag/StrategicStockpile.htm
table of silver stockpile levels through to depletion:
http://about.ag/data/csv/stockpiles.htm
Historical rounds make for an interesting talking point.
The last U.S. circulated silver coin was the 1964 Kennedy half dollar, in honour of his death in 1963, by assassination on November 22.
The Silver Strategic Stockpile was created in June 1968, via a 165 million ounce silver 'donation' from the U.S. Treasury. I guess Treasury didn't need it anymore as it was fully demonetised.
25.5 million ounces was removed in 1970 (I'm not sure why yet), leaving 139.5 million ounces, predating the closure of gold window in 1971.
The stockpile remained at about 137.5 MOz through to 1985, after which it declined each year until 2002 when it was fully depleted in sales back to the U.S. Treasury, to mint Silver Eagles, the first of which was struck in 1986.
source:
http://about.ag/StrategicStockpile.htm
table of silver stockpile levels through to depletion:
http://about.ag/data/csv/stockpiles.htm
