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The Morgan melt down: Pittman Act 1918
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<p>[QUOTE="BigsWick, post: 499638, member: 3534"]Great thread Vess, and thanks for the info, Condor.</p><p><br /></p><p>I too have at times wished for answers to many of the questions posed here about the survival rate of Morgans. I have often heard the figure "10%" quoted as the estimated number still around today, but who knows for sure? No records were kept in 1980 when silver spiked and many more thousands of Morgans were melted. Could any have been sent to the smelter last year when silver prices crested $20?</p><p><br /></p><p>I seem to recall reading that the 1903-O Morgan was THE chase coin of Morgans for many, many years. That changed after the Redfield hoard was uncovered. If I'm not mistaken, Redfield had amassed thousands of 1903-Os, and the discovery and release of them by Paramount to the public caused the bottom to fall out of the price.[/QUOTE]</p><p><br /></p>
[QUOTE="BigsWick, post: 499638, member: 3534"]Great thread Vess, and thanks for the info, Condor. I too have at times wished for answers to many of the questions posed here about the survival rate of Morgans. I have often heard the figure "10%" quoted as the estimated number still around today, but who knows for sure? No records were kept in 1980 when silver spiked and many more thousands of Morgans were melted. Could any have been sent to the smelter last year when silver prices crested $20? I seem to recall reading that the 1903-O Morgan was THE chase coin of Morgans for many, many years. That changed after the Redfield hoard was uncovered. If I'm not mistaken, Redfield had amassed thousands of 1903-Os, and the discovery and release of them by Paramount to the public caused the bottom to fall out of the price.[/QUOTE]
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