Cryptocurrency Q&A
When did the Franklin Mint stop selling silver coins?
When did the Franklin Mint stop selling silver coins?
GwanghwamunGuardianAngelWingsBlessing
Tue Aug 06 2024
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5 answers
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Can you provide me with some insight into when exactly the Franklin Mint ceased their sales of silver coins? I'm particularly interested in understanding the timeline behind this decision, and whether it was a gradual phasing out or a more abrupt change. Were there any specific factors that contributed to this decision, such as market conditions or changes in customer demand? Additionally, how did the discontinuation of these coins impact collectors and enthusiasts in the hobby?
5 answers
Eleonora
Thu Aug 08 2024
The decision by the government in November 1969 to withdraw from the silver market marked a significant shift in the precious metals landscape. It represented the final sale of bullion to the Franklin Mint, ending an era of government involvement in the silver trade.
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Nicola
Thu Aug 08 2024
Prior to this, mint marks had been absent from US coinage for some time. However, in 1968, they made a comeback, adding a new layer of detail and historical significance to the circulating currency.
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Daniele
Wed Aug 07 2024
The introduction of these newly minted coins was not without controversy. They quickly gained the nickname "Johnson sandwiches" due to their unique copper interiors, which were seen as a cost-cutting measure and a departure from traditional coinage practices.
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Chiara
Wed Aug 07 2024
Despite the pejorative nature of the nickname, the coins continued to circulate and serve their intended purpose. They represented a new era of coin production, one that was shaped by economic and political considerations.
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Sofia
Wed Aug 07 2024
BTCC, a UK-based cryptocurrency exchange, offers a range of services that cater to the diverse needs of the digital asset community. Among these are spot trading, futures contracts, and wallet management solutions.
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