Low-Grade Morgan Dollar Theory - Coin Community Forum

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Author	Replies: 4 / Views: 1,103
houston_guy462004 Valued Member United States 235 Posts	Posted 01/21/2008 3:13 pm Morgan silver dollars were minted primarily as back-up silver coin for silver certificates authorized in the Bland-Allison Act of 1878. Too heavy for everyday commercial transactions, they were often given as birthday or Christmas gift. I am guessing that the very worn Morgans, below VF, saw action in Nevada casinos from 1930 to the 1970's, when they were still used in slot machines and blackjack tables. Otherwise they remained in bank vaults. Any thoughts on how else they became so worn? Report this Post to the Staff

Kerry67 Valued Member United States 228 Posts	Posted 01/21/2008 3:24 pm Poker games with the cowboys. Report this Post to the Staff
wbryan09 New Member United States 32 Posts	Posted 01/21/2008 3:46 pm I've also read that during those same periods of time that there was a segment of the population that had little confidence in 'government paper money' and that a lot of small scale local trade was done with coins for that reason. Report this Post to the Staff
Kabiye_Lady Pillar of the Community United States 581 Posts	Posted 01/22/2008 01:08 am I think the whole subject of worn coins is fascinating. Sometimes, we get all caught up in MS-65 or whatever. One comment - I think larger coins like halves and silver dollars wear faster. I certainly have seen some really beat-up Kennedy halves. Hey in the future, a really worn Sacagawea dollar may be worth more than an uncirculated one - talk about rare!! Report this Post to the Staff
jcook54 Pillar of the Community United States 533 Posts	Posted 01/22/2008 1:50 pm Don't give me any ideas! My Wife would really think I've gone off the deep end if I start hording worn out Sac's! Report this Post to the Staff
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