Are the mintage figures in the Red Book reliable?

Discussion in 'Coin Chat' started by eddiespin, Mar 30, 2007.

  1. JeromeLS

    JeromeLS Coin Fanatic

    The thing is, why is there any argument about mintage figures ? It is not really that much to do with coins' rarity...
     
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  3. Philly Dog

    Philly Dog Coin Collector


    Ha! :confused: :eek:
     
  4. GDJMSP

    GDJMSP Numismatist Moderator


    I agree, but it has a great deal to do with the perception of rarity. And unfortunately the vast majority of people tend to pay a whole lot more attention to what they perceive to be true than what is actually true.
     
  5. rollieb

    rollieb New Member

    How many are left

    During WWI, 270,232,722 of the Morgan’s were melted to support the war effort.
    During WWII, 53,000,000, more Morgans were melted during this war.
    Ironically, more were melted to produce the issue of the PEACE dollar, starting in 1921.
    The Peace Dollars, in turn, were melted down during WWII. (Unknown quantity)
    In 1979 and 1980, the Hunt brothers tried to corner the silver market by buying silver contracts from the Treasury, driving the price to about $80 a TROY ounce. Many (Unknown quantities) Morgan's and Peace Dollars were melted for their silver content.
     
  6. Just Carl

    Just Carl Numismatist

    Oddly enough that is sometimes the exact thing that amazes me. For example check out prices on the 1931D Mercury Dime. 4th lowest minage of the series and hardly any value. The 31S Lincoln Cent is another example. The books are loaded with such examples of low mintages and low values. Also, the reverse is occaionally noted where high mintages have high prices on some coins. I know there are reasons but it is weird.
     
  7. dreamer94

    dreamer94 Coin Collector

    Red Book lists nonexistent Presidential silver dollars

    According to Coin World, the 2007 Red Book lists Presidential Dollars minted in silver. They even specify values for them. Does anyone here know something the rest of us don't know?
     
  8. GDJMSP

    GDJMSP Numismatist Moderator


    There's a mistake in that comment someplace because the '07 Red Book does not mention them at all. But just for curiosity's sake, where did you see this in Coin World - issue and page number please.
     
  9. dreamer94

    dreamer94 Coin Collector

    Sorry, my mistake. They were referring to the 2008 Red Book. It was on the front page of the most recent (I believe April 9th) Coin World.
     
  10. GDJMSP

    GDJMSP Numismatist Moderator

    Yeah, I saw the story today. Pretty lame excuse their using for it too :rolleyes:
     
  11. dreamer94

    dreamer94 Coin Collector

    Do you think it means there's inside information that the silver presidential dollars will be produced?
     
  12. Troodon

    Troodon Coin Collector

    Nope, just a mistake on Whitman's part. To mint silver presidential dollars would literally take an act of Congress.

    Anything Congress does is a matter of public record, and every major coin publication (and quite a few minor ones) pays attention to any legislation ever discussion Congress ever has with regards of coins. If any legislation passed, or was even being considered, to have silver presidential dollars minted, it wouldn't be secret for very long.
     
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