Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Why did the U.S Governemnt melt down Morgan Dollars?
>
Reply to Thread
Message:
<p>[QUOTE="dcarr, post: 3080972, member: 4781"]I have my theory. If you can get through my 35-screen slide show, my reasoning will be evident: <a href="http://www.moonlightmint.com/VAM_privately_made/00.htm" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.moonlightmint.com/VAM_privately_made/00.htm" rel="nofollow">http://www.moonlightmint.com/VAM_privately_made/00.htm</a> .</p><p><br /></p><p>Here is an excerpt from screen 35:</p><p><br /></p><p><b>Congress passed the Pitman Act on 23 April 1918.</b></p><p><b>This act mandated the melting of 270 million silver dollars.</b></p><p><br /></p><p><b>Three years later the US Mint produced 87 million silver dollars dated 1921,</b></p><p><b>then 84 million more in 1922, 56 million in 1923, 36 million during 1924-1926, <b>and 12 million from 1927-1935.</b></b></p><p><br /></p><p><b>Why would the US Government melt 270 million silver dollars,</b></p><p><b>only to replace them with 275 million new coins within a few years ?</b></p><p><br /></p><p><b>Somebody in the government knew the enormity of the [counterfeiting] situation, and this was their method of “cleansing” the circulating coinage base.</b>[/QUOTE]</p><p><br /></p>
[QUOTE="dcarr, post: 3080972, member: 4781"]I have my theory. If you can get through my 35-screen slide show, my reasoning will be evident: [url]http://www.moonlightmint.com/VAM_privately_made/00.htm[/url] . Here is an excerpt from screen 35: [B]Congress passed the Pitman Act on 23 April 1918. This act mandated the melting of 270 million silver dollars.[/B] [B]Three years later the US Mint produced 87 million silver dollars dated 1921, then 84 million more in 1922, 56 million in 1923, 36 million during 1924-1926, [B]and 12 million from 1927-1935.[/B][/B] [B]Why would the US Government melt 270 million silver dollars, only to replace them with 275 million new coins within a few years ?[/B] [B]Somebody in the government knew the enormity of the [counterfeiting] situation, and this was their method of “cleansing” the circulating coinage base.[/B][/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Why did the U.S Governemnt melt down Morgan Dollars?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...