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All Forums Category: General Numismatic Forums Forum: Main Coin Forum

Where Do All These MS 60 To 70 Coins Minted In The 1800's Come From ?

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DarkKnight
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 Posted Yesterday   12:52 pm Show Profile   Bookmark this topic Add DarkKnight to your friends list Get a Link to this Message Number of Subscribers
The minting of 1800 -1900 coins has been in low million numbers to over 14 million coins produced & of those most were circulating coins not Proof coins.
So my question is were have all these MS 60 - MS64 come from in troves of hundreds ? Some sellers have numerous amounts , but in the 1800's those coins were used as daily commodity . so someone is telling me thousands of the graded coins in MS range mentioned from hording or vault boxes of buried treasure? The mint discovered a room in the Carson City mint with multiple bags of circulated Silver Morgan dollars & began an auction as to keep these coins values from diminishing , but there was too many bidders & those coins weren't all sold - mint did what with these coins ? more questions than answers as trying to find answers comes up ZERO. anyone have any answers to these questions ?
Keith67
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Quote:
The mint discovered a room in the Carson City mint with multiple bags of circulated Silver Morgan dollars

If I'm not mistaking, they were found in the Treasury vaults in Washington.
And there were close to 3 million coins.

Someone correct if I'm wrong.

There was a good write up on this in the old Red Book.
I can't find it.
Edited by Keith67
Yesterday 1:50 pm
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