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Message:: [QUOTE="BUncirculated, post: 1543585, member: 29581"]Prove it. Did I state that? What I said was, that there were millions of Morgans put into circulation each year they were minted. The majority of the public; however, did not except these at all because they were big, weighty, and unappealing, and exchanged them at banks for paper dollars. Those received back from banks, were bagged and returned to the Mint. Given the public's reception of the Morgans, banks eventually stopped ordering bags of Morgans. As such, and since there is really no way to distinguish those Morgans, from ones that simply were struck, bagged, and placed directly into the Mint's vaults, not to mention the Morgans that were circulated in the west, any Morgan which was bagged, and contains wear, is a circulated coin. The last part of Doug's post, which you brought into the discussion, is completely relevant to our discussion. You omitted it simply because it continues what Doug was stating with regards to market grading, and what occurs these days, value grading, and how market grading isn't used anymore. Don't you think it would have something to do with the sale of ANACS, which up until 1990, was the coin grading service of the ANA? If I remember correctly, it was the ANA Board of Governors who authorized the sale of ANACS to Amos Press. FYI, NGC, does give high point wear recognition. In their AU Details standard, AU DETAILS (About Uncirculated)Traces of light wear are evident on the high points of the coin’s design. MS, no traces of wear. But I suppose you'll state that NGC doesn't follow their own standards, like PCGS doesn't.[/QUOTE]

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