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<p>[QUOTE=&quot;Vess1, post: 858806, member: 13650&quot;]Good question and this was a great answer.&nbsp; You really have to study the history of the mints, the coinage and the politics in play to understand what went on.&nbsp; Especially with Morgans.&nbsp; It&#039;s not always as cut and dried as most people would think.</p><p>&nbsp;</p><p>&nbsp; Read about the Pittman Act.&nbsp;&nbsp; This was a huge, government mandated meltdown of silver dollars.&nbsp;&nbsp; There could have been trade dollars mixed in there too I suppose but I&#039;m not sure.&nbsp; &nbsp; </p><p>&nbsp; But assuming ALL the silver dollars melted were bags of Morgans,&nbsp; <b>that one act alone melted enough to wipe out the entire mintage, from all mints, from like 1890 through 1921!&nbsp; </b>&nbsp; Now, obviously it didn&#039;t, because there are plenty of examples from most years yet.&nbsp;&nbsp; Nobody&#039;s sure what did get melted.&nbsp; &nbsp; The point is, many of the lower mintages you see in the books stand for the absolute max we started with.&nbsp;&nbsp; Now, who knows what is left.&nbsp; &nbsp; Low mintage Morgans are likely much lower than the original mintage figures we&#039;re left with.&nbsp; </p><p>&nbsp;</p><p>&nbsp; Also, there were collectors back then too.&nbsp;&nbsp; If there was something special that everyone thought would be valuable, then we have a lot of MS examples remaining, thus driving down the price.&nbsp;&nbsp; If nobody paid much attention, then most everything circulated, thereby wearing them down and leaving very few MS examples left.&nbsp; Which causes high premiums.&nbsp; </p><p>&nbsp;</p><p>&nbsp; The only reason most Morgans are still very affordable in MS is because bags and bags, hundreds of thousands of them, never circulated.&nbsp; They were government mandated and not very popular for daily use in most areas of the country.&nbsp; &nbsp; All the supply has kept prices down over the years, for most.&nbsp; HTH&#039;s.[/QUOTE]</p><p><br /></p>

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