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<p>[QUOTE=&quot;lonegunlawyer, post: 1565376, member: 40282&quot;]I disrespectfully disagree, not necessarily with the conclusion, but rather the evidence given in support thereof (assuming graded means TPG graded).</p><p><br /></p><p>Population reports cannot be used by themselves as definitive support for any conclusion because they do not account for, in some fashion, all coins that could receive a particular grade.&nbsp; For example, collectors may not have a XF coin or lower graded because the slabbed coin does not bring that great of a premium in that grade (i.e. 1852 $20 Liberty Head, VF20 $1,850, XF40 $1,900, AU50 $2,000, <i>A Guide Book of United States Coins</i> 2013).&nbsp; Also, many collectors of older coins prefer unslabbed coins.&nbsp; Therefore, the population reports do not account for many coins that would need to be accounted for to compare against total mintage for a much more complete analysis.</p><p><br /></p><p>Moreover, the population reports do not account for the lower graded coins, that would have been used in everyday life, that have been melted down for their bullion value or used in jewelry.</p><p><br /></p><p>Therefore, the $20 gold piece was probably used in everyday life, just not as much as the $10, $5, $3, $2.5, and $1 gold pieces.[/QUOTE]</p><p><br /></p>

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