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<p>[QUOTE=&quot;CamaroDMD, post: 1886160, member: 5233&quot;]I&#039;m honestly not exactly sure what you are asking me here.&nbsp; You are correct, the Morgan Dollar did not circulate much when it was struck.&nbsp; They just weren&#039;t popular, that is why so many survive today.</p><p><br /></p><p>The history of the Morgan Dollar is quite interesting.&nbsp; The Coinage Act of 1873 stopped the production of the silver dollar which was done to demonetize silver and by default put us on the gold standard.&nbsp; This caused a big blow to the western silver miners...which were already suffering after the German&#039;s stopped minting the Thaler (to whom we were exporting silver) in 1871.&nbsp; The Bland-Allison Act of 1878 was a response to the economic events that followed.</p><p><br /></p><p>When I say it backfired...what I mean is the Sherman Silver Purchasing Act of 1890.&nbsp; What happened was, the government purchased the silver using coin notes which could be redeemed in gold or silver.&nbsp; The investors primarily redeemed them in gold which depleted our reserves.&nbsp; That&#039;s why it backfired...nobody wanted the silver.</p><p><br /></p><p>I&#039;m not sure where the 98% figure is coming from...I don&#039;t think I used it.[/QUOTE]</p><p><br /></p>

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