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The Morgan melt down: Pittman Act 1918
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<p>[QUOTE="Vess1, post: 499167, member: 13650"]That's an interesting thought. The thing is, the total CC mintage figure stands around only 13 million total to begin with. Even if they had melted every CC Morgan ever made, it would account for less than 5% of the total coins melted by this act. That being said, many CC populations could have been devastated by this. </p><p><br /></p><p> I wonder if the later years might have taken a bad hit, such as the 1900s to 1904s? Just because of the likelihood that many of them still could have been sitting around in bags in 1918. More so than say 1880's examples. Which you would think they would have had more of a chance (more time) for most of them getting spread out into circulation and gone by the time this went on. </p><p><br /></p><p> All speculation. Who knows? When you're dealing with a number that large, they could have rounded up huge circulated bags full of everything from the banks. Including bags from the mints. Hard to imagine what we're left with.[/QUOTE]</p><p><br /></p>
[QUOTE="Vess1, post: 499167, member: 13650"]That's an interesting thought. The thing is, the total CC mintage figure stands around only 13 million total to begin with. Even if they had melted every CC Morgan ever made, it would account for less than 5% of the total coins melted by this act. That being said, many CC populations could have been devastated by this. I wonder if the later years might have taken a bad hit, such as the 1900s to 1904s? Just because of the likelihood that many of them still could have been sitting around in bags in 1918. More so than say 1880's examples. Which you would think they would have had more of a chance (more time) for most of them getting spread out into circulation and gone by the time this went on. All speculation. Who knows? When you're dealing with a number that large, they could have rounded up huge circulated bags full of everything from the banks. Including bags from the mints. Hard to imagine what we're left with.[/QUOTE]
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The Morgan melt down: Pittman Act 1918
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