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<p>[QUOTE=&quot;johnmilton, post: 4254208, member: 101855&quot;]Like the Lettered Edge Capped Bust Half Dollars, many of these coins were hoarded in banks to back their paper currency. That is why so many of them are available in the higher grades. I can&#039;t remember the last time I saw a really heavily circulated Reeded Edge Half Dollar.</p><p><br /></p><p>A great many pre-1853 silver coins were exported and melted. The cause was the discovery of gold in California which upset the balance between gold and silver prices. The &quot;With Arrows&quot; and &quot;Arrows and Rays&quot; silver were a reflection of this. Those minor design changes indicated that the coins had less silver in them, and were therefore not worth melting.</p><p><br /></p><p>More silver and gold coins left this country during the Civil War. Overall the survival rates for the Reeeded Edage half dollars are consistent with other issues. The limiting factor is that they were only issued for parts of a four year period.[/QUOTE]</p><p><br /></p>

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