I see/hear many people talk about 1971 as a defining year, but 1964 was just as important and much less talked about..
Hear me out. Up until then you could convert every dollar for silver and our 4 largest coins were 90% silver.
Is it a coincidence that the Gulf of Tonkin false flag in Vietnam and the introduction of the "Great Society" happened that same year?
War and entitlement programs are much harder to carry out with hard money.
My dad just passed on his late brother and father's coin and paper money collection to me and my kids (I never got to meet either of them, so its been pretty special looking through each piece of history and all the countries they lived in or visited)
There's bills and coinage from over 50 countries- some back to the 1800's and even one Roman coin.
The "junk" silver pieces interested me the most and made me look up the history of each, and see the clear causes for debasement- mainly extended wars, revolutions and faltering economies
Some examples..
England: Debased to 50% in 1920, no more silver 1947
Portugal: Debased in 1947
Lebanon: 1952
Cuba: 1953 (Revolution)
Thailand: 1962
USA: 1964
Mexico: Gradually debased over the decades, fully 1967
Egypt: 1967
Canada: 1968
Germany: 1974
The copper and bronze coins were some of the coolest. My dad said his dad used them as poker chips during WW2 when stationed in england.
Anyways thought it was interesting to learn about my family history and the fate of nations via little pieces of metal w/ various inscriptions.
Oh one last thing I noticed- all of the dictators had their own images on the coinage and it was always base metals- never silver or even copper lol
#debasement #silver #coins #history #1964
My dad just passed on his late brother and father's coin and paper money collection to me and my kids (I never got to meet either of them, so its been pretty special looking through each piece of history and all the countries they lived in or visited)
There's bills and coinage from over 50 countries- some back to the 1800's and even one Roman coin.
The "junk" silver pieces interested me the most and made me look up the history of each, and see the clear causes for debasement- mainly extended wars, revolutions and faltering economies
Some examples..
England: Debased to 50% in 1920, no more silver 1947
Portugal: Debased in 1947
Lebanon: 1952
Cuba: 1953 (Revolution)
Thailand: 1962
USA: 1964
Mexico: Gradually debased over the decades, fully 1967
Egypt: 1967
Canada: 1968
Germany: 1974
The copper and bronze coins were some of the coolest. My dad said his dad used them as poker chips during WW2 when stationed in england.
Anyways thought it was interesting to learn about my family history and the fate of nations via little pieces of metal w/ various inscriptions.
Oh one last thing I noticed- all of the dictators had their own images on the coinage and it was always base metals- never silver or even copper lol
#debasement #silver #coins #history #1964
