Hello, I'm Coinz4Lyfe, a Young Numismatist of the ANA. Today I am going to teach you about the 1964 silver dollars. It was 1964, it had been 30 years since a silver dollar was minted, and there was no demand for the coin. Suddenly, the price of silver started to rise. The public took advantage of this because silver dollars could still be bought for face value at banks, and each silver dollar was worth more than face value. In a few years, the amount of silver dollars in government vaults went from 400 million to below 4 million. The U.S. Mint, the Treasury, and the President took notice of this. While they were dealing with this silver shortage, they drew up plans to revive the silver dollars, not because of demand for the coin, but for the speculation on the silver market. After two years of preparation and debating, 316,000 1964 dated Peace dollars were struck at the Denver mint, not including 30 test pieces. Once the news got out, it caused a sensation with dealers and collectors thinking that the coin would be released for circulation, promptly inflating the value of the coin. The coinage act of 1965 struck the final blow on the 1964 silver dollars and they were never released. Eva Adams, director of the U.S. mint at the time, ordered all 316,000 silver dollars be melted down, even the test pieces. Rumors got out that coins were released which put Eva under a lot of scrutiny. Her response was that they were all melted, however 2 test pieces surfaced in 1970 but were immediately melted. 1964 Morgan dollar hubs also existed. During a tour of the mint in 2015 a team of numismatists discovered 1964 dated Morgan dollar hubs stored away in the depths of the vaults. John Dannreuther and Dennis Tucker were going through a cabinet full of tools and dies used to produce many different varieties of coinage. They both noticed the 1964 dated Morgan dollar hubs, and were granted access to the vaults where the mint stored even more dies and tools, where additional tools were found. Sadly, no 1964 Morgan or Peace dollars were found, although obverse and reverse dies for the 1964 Peace dollar were discovered, as well as hubs and master dies, which might have been used to produce 1964 silver dollars. Also interesting was that the 1964 Morgan dollar hubs were almost exactly like the Morgan dollars from the closing years of the 19th century. The Morgan dollar hubs were created on December 6th, 1963, right after President John F. Kennedy's assassination. The 1964 silver dollar still remains one of the most researched and famous topics in all of numismatics.