Is it true that the United States Government is pulling all silver dollars out of circulation??
That’s news to me. Why would they?
I am unaware of it. However, Silver Dollars rarely get circulated now anyway. Although the government still mints them every year, their worth in silver is more than a dollar and it would be unwise to spend it as such. They are now primarily used as collector’s items.
I have heard that the saqagawea (sp) dollar will cease to be minted.
As silver dollars are deposited in banks, etc., they are slowly withdrawn, since they are worth more than $1.00 in silver. I have heard nothing about the government withdrawing dollar coins that are not “pure” (actually slightly alloyed to make them harder) silver.
Samclem, who is a coin dealer by trade when not wearing his Mod. Hat and Nazi jackboots here, would be able to provide significantly more accurate information on this.
Well, if you go to www.usmint.gov, the first things you see are “Chief Justice John Marshall Silver Dollar” and “2005 American Eagle Silver Proof Coin”.
The Silver coins are worth more than a dollar and thus you can’t buy them for a dollar, and you’d be a fool to spend them. But, I don’t see why you couldn’t.
Of course the Susan B. Anthony, Sacajawea, and Eisenhower dollar coins, while not silver, are also still in circulation.
If you buy stamps in a vending machine in the post office, and you are due more than $1 in change, you will likely get a Sacajawea or Susan B. Anthony dollar.
First, define what YOU mean by “silver dollar.”
The posters have given you some good info here.