The composition of United States coinage underwent vital modifications within the mid-Sixties. Previous to this era, circulating silver cash had been a typical function of American forex. A particular denomination issued throughout this period, however after the transition away from a silver commonplace for that denomination, accommodates no silver.
The elimination of valuable metallic from this specific coin was pushed by a confluence of things, together with rising silver costs and growing demand for coinage. The intrinsic worth of silver-containing cash started to exceed their face worth, resulting in widespread hoarding and coin shortages. The change in composition addressed these financial pressures.