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<p>[QUOTE="kaparthy, post: 25784, member: 57463"]The short answer is, "No." To put some numbers into the advice of GDJMSP:</p><p><br /></p><p>1. Congress was lobbied by silver mine owners. The US Mint was forced to strike 2 million ounces per month, from 1878 to 1904. The US melted about 80 million ounces and sent it to Britain for World War I because Britain was in danger of losing India, actually. After Germany paid for all the civilian damages in WWI, Britain repaid the silver and 80 million Morgan Dollars were strike in 1921.</p><p><br /></p><p>2. Silver dollars were never popular. About one-third of all known are uncirculated. Back then, the average wage was $1 per day. Now, it is $100 per day. So a silver dollar was like a $100 bill. No one used them. "Shave and a haircut, two bits!" (25 cents). What does it cost to go to the barber now? $10? Beer was 5 cents a glass. A dressed chicken was 8 cents. The silver dollar was basically useless for daily trade.</p><p><br /></p><p>3. "Everyone" likes them now, but there is no shortage of MS-63s in slabs.[/QUOTE]</p><p><br /></p>
[QUOTE="kaparthy, post: 25784, member: 57463"]The short answer is, "No." To put some numbers into the advice of GDJMSP: 1. Congress was lobbied by silver mine owners. The US Mint was forced to strike 2 million ounces per month, from 1878 to 1904. The US melted about 80 million ounces and sent it to Britain for World War I because Britain was in danger of losing India, actually. After Germany paid for all the civilian damages in WWI, Britain repaid the silver and 80 million Morgan Dollars were strike in 1921. 2. Silver dollars were never popular. About one-third of all known are uncirculated. Back then, the average wage was $1 per day. Now, it is $100 per day. So a silver dollar was like a $100 bill. No one used them. "Shave and a haircut, two bits!" (25 cents). What does it cost to go to the barber now? $10? Beer was 5 cents a glass. A dressed chicken was 8 cents. The silver dollar was basically useless for daily trade. 3. "Everyone" likes them now, but there is no shortage of MS-63s in slabs.[/QUOTE]
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