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<p>[QUOTE=&quot;BUncirculated, post: 1288743, member: 29581&quot;]Demand is really high, I agree. But also with that demand is the fact that a large number, and no one may know the exact number, of Morgans were hoarded by the U.S. Mint because they were not well received by the public when they were released. Banks were receiving them back in exchange for either paper currency, or gold denominations. </p><p><br /></p><p>It&#039;s believed, and estimated, that there were hundreds of millions of dollars worth of Morgans held in not only the vaults in the Philadelphia Mint, but also in vaults at the Federal Reserve, when the Mint simply ran out of room to store them.</p><p><br /></p><p>Because of this hoard, there were bags full of Morgans that were not circulated as much, if at all, and were found to be in exquisite condition, save waffle toning patterns, and very slight bag marks. </p><p><br /></p><p>The Morgan also has the most interesting history of all coinage in the U.S.[/QUOTE]</p><p><br /></p>

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