Message:

<p>[QUOTE=&quot;CamaroDMD, post: 404040, member: 5233&quot;]OK, so the Morgan Dollar has long since been my favorite of all coins.&nbsp; I have probably 30 of them and I think they are the most beautiful coin ever minted.</p><p><br /></p><p>There are however, some coins in this series that are nearly impossible to find in high grades despite being minted in decently high numbers.&nbsp; Like everything, this is a supply and demand thing.&nbsp; There are just so few of them left in high grade.&nbsp; What I am wondering is why are there so few left?</p><p><br /></p><p>For example I&#039;ll just use 2007 red book values.</p><p><br /></p><p>The 1884-S (3.2 million minted), 1886-O (10.7 million), 1896-O (4.9 million), and the 1901 (6.9 million) all were made in moderately large numbers.&nbsp; Not super common but not super rare.&nbsp; In lower grades they can be found and purchased at responsible prices.&nbsp; However, they are super rare in high grades...commanding about $200K each in MS65 (according to red book).&nbsp; I&#039;m surprised that so few of these have survived creating such a high value.&nbsp; If for some reason a ton of these coins were melted down, I would expect to see high prices for all grades...but that&#039;s not how it is.</p><p><br /></p><p>My guess is, many of these coins that circulated survived and at some point there was a mass melting down of never released bags of these coins.&nbsp; Therefore, the government melted down all the uncirculated examples which they had locked up in some vault.</p><p><br /></p><p>Does anyone know the true story as to why these coins trend so high in high grades despite their higher mintage?[/QUOTE]</p><p><br /></p>

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