The Coinage Act of 1965

The Coinage Act of 1965 was a U.S. law that changed how coins were made and managed. It removed silver from circulating dimes and quarters due to rising silver prices and coin shortages. The Act created new, less expensive coins made of copper and nickel, and established the Bureau of the Mint’s responsibilities for coin production, ensuring currency stability and controlling coin supply. Overall, it modernized U.S. coinage to reflect economic realities and prevent silver hoarding, facilitating smoother circulation of everyday currency.