To combat the flight of silver from the national stockpile at West Point, I.Y., I resident Johnson last week pro posed the first basic change in U.S. coin age since Alexander Hamilton adopted silver in 1792. If Congress approves, as it is expected to do, the U.S. next year will eliminate silver altogether from dimes and quarters, will reduce the silver content of half-dollars from 90% to 40%, and defer indefinitely the minting of any new silver dollars.
That proposal, which will cut the mint's annual silver needs from 300 million ounces to 15 million ounces, offers something for everyone....
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