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Message:: [QUOTE="Vess1, post: 833190, member: 13650"]Speaking of Morgans, it's likely that anyone who has not read up on any coinage history, may not even know about the most obvious major melt down that was the Pittman Act of 1918.     We know that 270,232,722 silver dollars were melted and made into new 1921 Morgans and Peace dollars.    But the official mintage figures remain the same and nobody knows what all of those Morgans were that were melted.  Most people probably do not take the Morgan mintage figures with that grain of salt.   If we actually knew what they all were, it might affect prices drastically, for many of them.   And that's just the official 'big melt' that we know of.  Every time silver gets high, more and more worn out (some unworn) examples are sent to the melting pots.     I don't think we'll ever run out but there aren't as many left as most people would think.   FWIW, IF those silver dollars melted during the Pittman Act alone, were all Morgans, that would have been the equivalent to wiping out the entire mintage of 1889s through 1904s, from ALL mints, plus a few million extra.   To put it in perspective.  That's 16 years worth that could have all theoretically been melted.     Then we don't know how many have been melted down since then, lost over-seas, buried, or just plain lost in general.    The unseen, generally unknown factors can help you and hurt you when buying.[/QUOTE]