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<p>[QUOTE=&quot;Shortgapbob, post: 191065, member: 6088&quot;]It may be that many 1880-O Morgans that were uncirculated and sitting in bank vaults were melted under the Pittman Act in 1918.&nbsp; Lower grade ones that were in circulation or private hands may have avoided being melted.&nbsp; This would explain why lower grade 1880-O Morgans are common, but uncirculated examples carry a hefty premium. </p><p>&nbsp;</p><p>The 1904-O Morgans that sat in bank vaults until the 1960s explain their abundance in uncirculated grades.[/QUOTE]</p><p><br /></p>

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