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<p>[QUOTE=&quot;BUncirculated, post: 1845801, member: 29581&quot;]Okay two things:</p><p><br /></p><p>1. The population in the western territories was quite smaller than the eastern U.S. and the Morgans were popular with the cow pokes, for use in saloons and gambling halls. But the eastern U.S. population hated the dollar coins and turned them back into banks every chance they got in exchange for greenbacks. What supports my statement is the fact that hundreds of millions of dollars in Morgans were being hoarded at the Mint&#039;s vaults as well as the Treasury vaults. There also was a brief melting of Morgans in the early 1900&#039;s but was halted shortly there after, and the Morgan was being reissued in 1921 before ending because that same year the Mint was striking the Peace dollars. Then the treasury audit discovered a large hoard in their vaults in 1964 and started releasing $1000 increment bags at face value, many of which contained a lot, if not all of the current GSA CC Morgans.</p><p><br /></p><p>2. So long as there are $1 notes printed, the dollar coin will not gain any more popularity. Canada ended printing $1 Canadian notes, and uses only $1 and $2 coinage instead; also known as loonies and twonies. Until the U.S. decides to&nbsp; stop printing our $1 note, the coins will not be accepted by the majority. Your mentioned the skepticism of bank notes especially in the west. You are correct on that; however, the reason for the skepticism is quite frankly the banks themselves, were the ones printing those notes, not the Government, and it was too easy for those notes to be counterfeited, which did happen. I&#039;m sure you&#039;ve seen some of those old bank notes from the late 1800s, which have the name of the bank printed on the obverse side somewhere.[/QUOTE]</p><p><br /></p>

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