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<p>[QUOTE=&quot;JPeace$, post: 1844815, member: 42727&quot;]I think that&#039;s painting with an awful broad brush.&nbsp; 1st, morgans were very popular in the west where banks and paper currency were not trusted.&nbsp; Second, the U.S. Treasury had to purchase $2-4 million of silver per month and mint them into dollars.&nbsp; I think it&#039;s fair to say that the supply far outstripped the demand.&nbsp; There were only about 58 million people living in the U.S. at the time.&nbsp; $1 dollar in 1878 is equivalent to $23.26 today when adjusted to inflation.&nbsp; I&#039;m not claiming the coin was a huge success, but they were popular in some parts of the country, $1 had a lot more buying power in 1878 than it does today, and there are ~5X more people living in the U.S. today than in 1878.[/QUOTE]</p><p><br /></p>

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