Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Determining surviving populations
>
Reply to Thread
Message:
<p>[QUOTE="Conder101, post: 3470931, member: 66"]No. Because the dollars melted by the Pittman act did not come proportionately from all the dates and mints produced. Frankly the melt was probably higher in proportion to dates more recently produced because they would have been closer to the front of the vaults. You also have the question of whether a given production was put into circulation or mostly just sent straight to the vaults. Case in point is the 1884 CC dollar. This used to be a rare coin and very rare in uncirculated condition. Then in 1964 after the Treasury stopped redeeming silver certificates with silver dollars and inventory of the vaults found that 84% of the entire mintage was still in the mint vaults still in the original bags.</p><p><br /></p><p>To a large extent the morgan and peace dollars never circulated and were mostly just stored in the vaults to be used as backing for silver certificates. Draw down of silver dollars in exchange for silver certificates in the 1950's and 60's is why there are so many Uncirculated pieces existing today. Those pieces that are scarce today in unc are the ones that were circulated instead of going to the vaults.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 3470931, member: 66"]No. Because the dollars melted by the Pittman act did not come proportionately from all the dates and mints produced. Frankly the melt was probably higher in proportion to dates more recently produced because they would have been closer to the front of the vaults. You also have the question of whether a given production was put into circulation or mostly just sent straight to the vaults. Case in point is the 1884 CC dollar. This used to be a rare coin and very rare in uncirculated condition. Then in 1964 after the Treasury stopped redeeming silver certificates with silver dollars and inventory of the vaults found that 84% of the entire mintage was still in the mint vaults still in the original bags. To a large extent the morgan and peace dollars never circulated and were mostly just stored in the vaults to be used as backing for silver certificates. Draw down of silver dollars in exchange for silver certificates in the 1950's and 60's is why there are so many Uncirculated pieces existing today. Those pieces that are scarce today in unc are the ones that were circulated instead of going to the vaults.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Determining surviving populations
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...