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<p>[QUOTE=&quot;19Lyds, post: 1314027, member: 15929&quot;]Morgan Dollars circulated very little &quot;back in the day&quot;. Their creation was the result of the political efforts of the Silver Mining Industry which convinced the US Government that they needed a one dollar coin. Most Banks only carried them because they were required by law to exchange a one dollar note for a silver dollar any time a customer demanded.</p><p><br /></p><p>The reality is that, on a regular basis, these coins were only used by the gaming casino&#039;s and nothing else. Those that left the casino&#039;s and ended up being spent, suffered the exact same fate as today&#039;s Presidential Dollars. From Mint to gaming table to pocket to store to bank and then back into storage. Morgan Dollars were very rarely ever ordered by merchants to make change since they were simply too bulky to fit into a cash drawer. A $20 roll, which was the standard roll size, wouldn&#039;t even fit entirely into a cash register drawer.</p><p><br /></p><p>I&#039;d go along woth Chris&#039;s statement that more uncirculated examples exist than circulated simply because they never really circulated like the quarters, dimes, nickels, and cents. They just didn&#039;t fit! Either in a budget or a cash drawer.</p><p><br /></p><p>As for the $1,000 bag of Morgans mentioned above? You can bet your next paycheck that they went from the car dealer straight to the bank. That, is not circulation.[/QUOTE]</p><p><br /></p>

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