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United States 1864-S Seated Liberty Quarter
San Francisco and along the West Coast were handling a rarity in the mid-1860s.
As their counterparts in the east were vanishing from circulation during the Civil War, silver coins in San Francisco were circulating much more extensively – including the
1864-S Seated Liberty quarter, which turned out to be a major rarity. Consumers might have known that the freshly-struck quarters were prized in the east for their silver content but might not have suspected that, decades later, the coins would be sought-after by collectors interested in their scarcity, not their precious metal.
The new branch mint began striking silver quarters and half dollars in 1855
United States 1968-D Lincoln Cent
Coinage Act of 1965, speculators and coin collectors drew the ire of the
Mint, the
Treasury, and many members of
Congress who thought that the bustling coin hobby was to blame for the national coin shortage. Anybody who has studied a
Red Book will understand that the mintages for clad U.S. coins post-1964 dwarfed those of coins struck before. Had collectors truly been the primary cause of the shortage, then the Mint would have seen a return to normalcy as collector enthusiasm for contemporary issues faded as it did with the arrival of clad dimes, quarters, and half-dollars and their astronomically high mintages. Obviously, that’s not what happened.