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<p>[QUOTE=&quot;Conder101, post: 1034581, member: 66&quot;]This is extremely oversimplified.</p><p><br /></p><p>The Bland -Allison Act of 1878 and the Sherman Silver purchase Act of 1890 mandated the government to purchase an average of 4 million oz of silver every month and coin it into silver dollars.&nbsp; The marketplace did not need or want all of these silver dollars because the use of paper money was now widely accepted.&nbsp; So these coins were used to back an equal number of silver certificates and almost all of the coins went into government vaults and stayed there.&nbsp; Almost all of these dollar coins stayed in the vaults until the 1962 - 1964 period when they came flowing out of the Treasury in exchange for silver certificates when silver rose above $1.29 and oz and the metal in the coins became worth more than the face value.&nbsp; So almost all of these 100+ year old coins actually only became available a little over 40 years ago, and they never did circulate.[/QUOTE]</p><p><br /></p>

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