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<p>[QUOTE=&quot;World Colonial, post: 2467260, member: 78153&quot;]Yes, but in the 1870&#039;s, there weren&#039;t very many collectors in the US, so it would not have made any sense to do otherwise.&nbsp; Even today, I don&#039;t believe there are remotely enough collectors for the coins which exist now, whether silver or base metal.&nbsp; The coins are just hoarded.</p><p><br /></p><p>South Africa Union silver coinage (1923-1960) was also mostly melted, first in the 1950&#039;s after the reduction in the silver content from 80% to 50% and then after 1960 due to the change to decimalization from the British pre-decimal system.&nbsp; With this coinage, apparently most very low mintage coinage doesn&#039;t exist, whether from melting or otherwise.&nbsp; The 1931 circulation strike silver and 1/-, 2/- and 2/6 from 1946-1950 (except 1950 1/-) have mintages of 14,000 or less.&nbsp; The survival rates are very low, though presumably more coins exist than is visibly apparent.&nbsp; This is the direct opposite of &quot;low&quot; mintage 20th century US coinage due to the much larger collector base, both proportionately and absolutely.[/QUOTE]</p><p><br /></p>

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