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<p>[QUOTE=&quot;19Lyds, post: 1315426, member: 15929&quot;]I believe the reason that Silver Eagles even came into existance was an attempt by Reagan to reduce the National Debt by selling off silver and gold bullion from the &quot;Strategic and Critical Materials Stockpile&quot;. The US Government does stockpile certain critical resources in the event that some National Emergency arises (such as war) so that the Nation can continue to function.</p><p><br /></p><p>Silver for the Eagles must be mined within the United States or its Territories and cannot be purchased from a foreign source. This is what caused some of the shortages that were experienced in 2009 and 2010.</p><p><br /></p><p>As mentioned earlier, the millions of Morgan Dollars were the result of political lobbying by the Silver Mining Corporations that had silver to sell and what better way to firmly establish a company or industry than have its product purchased by the US Government?</p><p><br /></p><p>Both coins were the product of a political machine and neither were created to to address a coinage &quot;need&quot;. As a result, both coins were/are in turn stockpiled by the millions. Thge Morgans Dollars allure was based upon the fact that &quot;you just don&#039;t see these everyday&quot;.</p><p><br /></p><p>As for the Gambling Casino&#039;s, regardless of when gambling was legalized in Nevada, it does not take very long to wear a coin down when it involves a machine with metal to metal contact or cinstant use. History if the Slot Machine: <a href="http://www.slot-machine-resource.com/slot-machine-history.htm" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.slot-machine-resource.com/slot-machine-history.htm" rel="nofollow">http://www.slot-machine-resource.com/slot-machine-history.htm</a> Once the rims are gone on any coin, it quickly wears away.</p><p><br /></p><p>But alas, I guess I like Morgan Dollars because they are so danged big! Maybe it;&#039;s a &quot;man-thing&quot; where bigger, faster, more powerful is supposed to be better? Whatever.[/QUOTE]</p><p><br /></p>

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