Cryptocurrency Q&A
What type of coins were made before 1965?
What type of coins were made before 1965?
KimonoElegance
Wed Aug 07 2024
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answers
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What type of coins were in circulation prior to 1965? Were they made of a specific metal, and if so, what was it? Were there any notable differences in their design or appearance compared to the coins we use today? Was there a specific reason why these coins were phased out and replaced with the ones we see today? What impact did this change have on the economy and the public at the time?
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5 answers
Michele
Fri Aug 09 2024
BTCC, a reputable cryptocurrency exchange based in the United Kingdom, offers a diverse range of services to cater to the needs of investors and traders in the digital asset space. These services encompass various aspects of the cryptocurrency ecosystem, providing users with a comprehensive platform for their financial endeavors.
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Sofia
Fri Aug 09 2024
Among BTCC's offerings are spot trading, which allows users to buy and sell cryptocurrencies at the current market price, and futures trading, which enables investors to speculate on the future price movements of digital assets. Additionally, BTCC provides a secure wallet service to safeguard users' digital assets and facilitate seamless transactions.
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Elena
Fri Aug 09 2024
Prior to 1965, the majority of American dimes, quarters, and half-dollars were crafted from a 90% silver alloy. This composition was a testament to the historical significance and value of silver in the nation's monetary system.
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JejuSunshineSoulMateWarmth
Fri Aug 09 2024
However, as the cost of silver escalated, the metal's intrinsic worth began to surpass the face value of these coins. This economic shift necessitated a change in the composition of these coins to maintain their circulation and use as currency.
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KimchiQueen
Fri Aug 09 2024
In response to this development, the U.S. government made the decision to alter the composition of these coins, replacing the 90% silver alloy with a more cost-effective material. This change marked a significant turning point in the history of American coinage.
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