Discussion in 'Coin Chat' started by Robert Ransom, Aug 6, 2020.
Any thoughts on this thread?
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2) Reduce the relief, making Liberty more shallow.
3) Dish the obverse while keeping Liberty's relief the same, thereby making Liberty stand less proudly in relation to the rim.
4) Substitute an incuse lettered or other device edge for the reeded edge. Would have made production more expensive requiring the use of a Castaigne-like machine.
5) To avoid a Castaigne machine and keep the closed collar production rate while using an incuse edge design, make the closed collar in two pieces that would mechanically be opened to eject the struck coin and then automatically closed before insertion of the new blank.
5) Make them out of nickel with a gold plug. (Ha, I can see all of the drilled dollars now!) Would have required significantly more powerful presses and the dies probably wouldn't last very long.
6) Quit throwing them willy-nilly into bags.
7) Never have made them in the first place since nobody wanted them and it was only a favor to the silver mining interests and states that they were minted at all.
I could go on but I'm just getting more silly.
And scrutinize it we dooooooooo. It seems to me, the most GTG coin is the Morgan.
About 260 million.
I thought about 280 million were melted under the Pittman Act, and more were melted in the 30's.
I double checked it was 270 million (they were authorized to melt up to 350 million). I'm not aware of any mandated meltings in the 30's. There were always some melting of damage and mutilated pieces that were redeemed but I don't recall anything that specifically targeted silver dollars.
Yeah, I've been looking for more info, too, but unable to find any. I just can't remember where I heard that. If I had ever thought that it would, one day, become a topic for discussion, I would have made note of it. Thanks, anyway! ~ Chris
Found it! But, I was off by about a decade. @Robert Ransom - FYI
According to the Comprehensive Catalog and Encyclopedia of Morgan and Peace Dollars, page 32, paragraph 3, approximately 50 million silver dollars were melted under the World War II Silver Act of December 18, 1942.
is this in addit5ion to the 270 million melted?
Yes. 270,232,722 were converted to bullion and subsidiary coinage for sale to Britain under the authority of the Pittman Act of 1918.
@cpm9ball ...the additional 50 million were melted in 1942, bringing the total to more than 320 million. This total also abided by the Pittman Act which mandated a ceiling of 350 million...Spark
I'm happy this issue is cleared up.
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