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<p>[QUOTE=&quot;Conder101, post: 1697708, member: 66&quot;]That&#039;s the first problem there.&nbsp; It assumes that all the silver coined still exists as coin.&nbsp; Actually over the years coins would wear out and be redeemed and remelted, excess coin in the Treasury would sometime be melted and recoined, coin would be exported and melted, and coin was also melted for use domestically.&nbsp;&nbsp; So even in 1964 that 10 billion was probably closer to 2 billion.&nbsp; (Look at survival rates of 19th century coinage.&nbsp; Most estimates range around 3% to a max of around 10% for any given date/mint.&nbsp; Earlier years are even less.&nbsp; The only era with greater survival seems to be those from the 1940&#039;s and later. (An exception is the silver dollar which survived because it was held in the vaults as backing for silver certificates.&nbsp; And that amounts to about 400 million oz.)[/QUOTE]</p><p><br /></p>

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