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<p>[QUOTE=&quot;Bruce J Fick, post: 3180663, member: 97805&quot;]Morgan dollars you will forever and a day find in Uncirculated condition </p><p>as upwards of 1/2 BILLION were minted as Govt. subsidies to mining interests in Colorado, especialy Nevada. They were marginaly popular in Western States because people distrusted paper currency, and there was</p><p>never enough Gold to coin to satisfy the demand or to put people to work.</p><p>I started collecting them as a kid in the early 1960s before the Treasury releases of 1962-1964. My aunt used to buy them at California banks </p><p>send them to me for Christmas. ( I even have a very primitive Chinese counterfeit even the bank tellers didn&#039;t recognize as bogus as an example</p><p>of how long the Chinese have been counterfeiting U.S. coins. And why </p><p>after 70 years they now have at least 1 state of the art factory turning out</p><p>precision forgeries to export to America to divert a cut of the numismatic</p><p>market in rareities. ) Morgans were minted to monetize paper currency</p><p>aka Silver certificates when promisory notes were precisely issued to only</p><p>redeem their exact weight &amp; measure in bullion coins made for circulation.</p><p>Fortunately, many were melted under the Pittman Act then reminted as</p><p>Peace dollars. Some of the Morgans &amp; Peace dollars in MS I&#039;ve collected</p><p>even have a beautiful blue hue to them to remind me that&#039;s why they</p><p>called Silver Certificates of President John F. Kennedy&#039;s era &quot; Blue Seal &quot;</p><p>It&#039;s said that when the Comstock Lode failed as a Gold mine outside of</p><p>Carson City Nevada, what kept it going was that one aquiline fellow saw</p><p>it was loaded with a blueish sludge. He recognized that as Silver ore and</p><p>offered them $30 a ton for it. Soon the CC mintmark came into being, and</p><p>comprised Historic fodder for the colorized Western movies of the 1950s.[/QUOTE]</p><p><br /></p>

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