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In order to reclaim this sil- | ver, which was in short supply nationally, many of these coins j were removed from circula-! tion and were replaced with others made of copper and I nickel. Now, explains the Treasury Department, it has become necessary to retire more of the silver coins because its strategic stockpile of the metal is too small. As a result, the silver dimes and quarters that have been showing up lately0 at the various Federal Reserve banks have been picked u^and copper-nickel “coins (substituted for them. V the present objective is^o accumulate 400 million ounces of silver by next June, which would be enough to meet industrial and other needs for three to four years. The figures show that for every man, woman and child in Rappahannock County, there are approximately 37 dimes and 20 quarters in normal circulation. They have a face value of $8.70. From the standpoint of metallic content, those made of silver are worth just about what they purport to be. As for the substitute coins, they are wojrth only q fraction of that amount. Instead of $8.70 the intrinsic value in the local Lda will be only, 65 cents,1 approximately when the con version is completed. Their purchasing power, however, will be the same. The total value of all the dimes and quarters in use in Rappahannock’ County, estimated at $43,000 before the changeover began, will drop to about $3,000 eventually. The Covernment will profit locally to the extent of $40,000 as a result. Throughout the country as a whole, its gain will be over $1.5 billion. Nationally, according to the figures released, there are some 8.5 billion dimes and quarters in circulation. They contain close to 700 million ounces of silver.
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