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After 1800, the price of silver rose dramatically and silver dollars slowly began to disappear from general circulation. Large quantities of U.S. silver dollars were exported outside the country or melted down for their high intrinsic silver content value. Because of this, the U.S. government decided at the end of 1803 to cease production of silver dollars. No silver dollars were produced beyond early 1804 by the US Mint and they did not start producing them again until 1836, ending a 32 year hiatus. |
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