Coinage Act of 1965

The Coinage Act of 1965 was a significant U.S. law that changed the composition of coins. Due to rising silver prices, it eliminated silver from most circulating coins, replacing it with cheaper metals like copper and nickel. The Act allowed the continued use of silver in certain coins, like the half dollar, but only in limited quantities. This shift aimed to maintain the integrity of the coinage system and ensure the availability of usable currency while stabilizing the economy. It was a response to shortages and the financial pressures of the time.