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<p>[QUOTE=&quot;Numismatist47, post: 959743, member: 24577&quot;]As I stated before, when the Mint released 1000-coin bags of Morgan dollars, which had been stored since the late 1800s, the public went into a frenzy, and bought as many bags as they could, searched the bags for rarities and high grade Morgans, and those of lower grades were sold for melt or as junk silver.</p><p>&nbsp;</p><p>The release occured in 1962, and ended in 1964 and the Mint sold the bags at face value of $1000.</p><p>&nbsp;</p><p>Several well known numismatists were buying 20 - 30 bags of these Morgans at a shot.</p><p>&nbsp;</p><p>Pick up the Redbook: A Guide to Morgan Silver Dollars by Q. David Bowers. It&#039;s loaded with information about the early 60&#039;s release of Morgans in 1000-coin bags.[/QUOTE]</p><p><br /></p>

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