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Forgotten Colorado Silver - Joseph Lesher's Defiant Coins
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<p>[QUOTE="Conder101, post: 8148305, member: 66"]Wouldn't have really mattered to them at all, as long as they could get the silver coins.</p><p><br /></p><p><br /></p><p>Nope, silver is silver and coins are coins. The coins had a face value they would be accepted at no matter what the price of silver was, and silver had a free market price set by the commodity markets. The price of silver had been dropping ever since the 1860/70's with all the silver coming out of the western mines, and the demonetization of silver by several nations in Europe. By the 1930's silver got down to around 25 cents an oz. (So a silver dollar had about 18 cents worth of silver in it. So one silver dollar with 18 cents worth of silver in it would buy 4 oz. of silver bullion.)</p><p><br /></p><p>I have a copy of the book, it is interesting.</p><p><br /></p><p>I don't have any Lesher Dollars, but one of the member of one of the local clubs did collect them. I believe he had 8 to 10 varieties.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 8148305, member: 66"]Wouldn't have really mattered to them at all, as long as they could get the silver coins. Nope, silver is silver and coins are coins. The coins had a face value they would be accepted at no matter what the price of silver was, and silver had a free market price set by the commodity markets. The price of silver had been dropping ever since the 1860/70's with all the silver coming out of the western mines, and the demonetization of silver by several nations in Europe. By the 1930's silver got down to around 25 cents an oz. (So a silver dollar had about 18 cents worth of silver in it. So one silver dollar with 18 cents worth of silver in it would buy 4 oz. of silver bullion.) I have a copy of the book, it is interesting. I don't have any Lesher Dollars, but one of the member of one of the local clubs did collect them. I believe he had 8 to 10 varieties.[/QUOTE]
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Forgotten Colorado Silver - Joseph Lesher's Defiant Coins
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