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<p>[QUOTE="dougsmit, post: 1917132, member: 19463"]Modern collectors really place too much emphasis on mintage numbers (says the ancient collector). It is not a question of how many were made but how many still exist. What I read suggested that the government failed to cancel the 1857 order which came just before Canada switched to decimal coins so it makes sense that the bulk of the 1857 issue would survive in high grade. There was a reference that said they melted many of them but if few actually circulated and they melted 2/3, there could easily be a million out there flooding the market. Most real rarities carry stories that account for why most of the many made were destroyed; some really common coins have stories of how they came to be common. When I was younger the US started releasing bags of silver dollars from their vaults and it turned out that many were 1904 dates that had previously been considered rare.[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 1917132, member: 19463"]Modern collectors really place too much emphasis on mintage numbers (says the ancient collector). It is not a question of how many were made but how many still exist. What I read suggested that the government failed to cancel the 1857 order which came just before Canada switched to decimal coins so it makes sense that the bulk of the 1857 issue would survive in high grade. There was a reference that said they melted many of them but if few actually circulated and they melted 2/3, there could easily be a million out there flooding the market. Most real rarities carry stories that account for why most of the many made were destroyed; some really common coins have stories of how they came to be common. When I was younger the US started releasing bags of silver dollars from their vaults and it turned out that many were 1904 dates that had previously been considered rare.[/QUOTE]
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