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<p>[QUOTE=&quot;Mojavedave, post: 1909088, member: 5270&quot;]Condor said;</p><p>At the time of the Pitman melting they had coined somewhere around 530 million morgans. They melted about 270 million, but then in 1921 coined 86 million more 1921&#039;s, so about 346 million Morgans were left.</p><p><br /></p><p>My response was;</p><p>Whose to REALLY know how many Morgans are left? How would one determine accountability since the great meltdowns? I doubt much that any are left in Federal Reserve Vaults. Probably the only surviving Morgans are now in the hands of Coin dealers and private collectors.</p><p><br /></p><p>Which causes me to wonder about the specific quantity of 1921 Morgan&#039;s. If there were 86 million 1921 Morgan&#039;s minted, where could they all be located at? Surely, they could not have all been melted down, but say half were. That still leaves 43 million coins. Now I have read somewhere that there are approximately only two million coin collectors in the U.S. which now leaves an abundance of 41 million coins just laying around somewhere. The average price for one of these coins runs around $ 25.00, is that because someone is hoarding them somewhere to keep the price up?</p><p><br /></p><p>I might be off base on this analysis, so what is your take?</p><p><br /></p><p><br /></p><p>Dave[/QUOTE]</p><p><br /></p>

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