Good Trade? Morgan For CC, Crown And Merc

I think it was a good deal

The dime is probably dipped...

Yes I did say the Morgan was from circulation... In a small town in Newfoundland... I got it in change from the corner store...

I don't understand it either... but it happened, and relaunched my interest in coins!

Also, my Grandmother got a fishscale in change from the same store... and sent it to me as a Birthday Gift!

the crown is sterling and has more silver then the morgan so thats good right there. ten ish bucks for the dime and a few bucks for the merc I would have done it

Morgans were still circulating in the 70s in certain area's. I grew up in the San Francisco Bay Area. It seemed like everyone's favorite thing to do was to go to Reno or Tahoe and gamble, on the weekend. Silver dollars were still commonly used in the Casino's till about the early to mid 70's and then seen infrequently as late as the early 90's. Millions of these dollars found their way to California where they are still held in small hoards. And as happens people get hungry, or kids steal from their family members for candy and to this day you will ocassionally find these silver dollars in change. I got my last circulation Morgan in 2002 in a Wendy's in Vallejo California.

Also, I now live in Ohio. I bought a small hoard of silver dollars from a man whose father owned a Gas Station here in town; from 1956 to 1967. All of these were taken from circulation. Apparently there was a factory in the area that paid in Silver dollars. Though I have no idea of when that practice stopped. Whether it was in the 30's, 40', or 50's.

And lastly, Silver dollars were coined up till 77 years ago.

So it has not been a hundred years since they circulated. They were circulating with some frequency as late as 40 years ago.

jmkendall, that's mostly correct, but not entirely.

Morgan dollars were only used in commerce up until the great depression, which is "nearly a hundred years ago". I guess I was being loose with the term nearly. They were actually hardly even used then.

Many were always in bank vaults and stayed there until the late 60's. That's why very few Morgans are found in any less than VF and many are BU. It is true that Morgans were used at gambling sites in Nevada, but those were all immediately replaced with Ikes once those started to be minted. Also in the late 60's already, more slot machines were beginning to be changed to no longer accept actual coins. Morgans were already a rarity by the mid 70's in casinos because enough people already knew that their silver content vastly exceeded their face value, so if one were spotted, it was snatched quickly. None survived until the 90s after the 80s silver boom.

There will always be those extreme cases like the one you've mentioned at Wendy's and most are indeed the result of stolen coins or a descendent spending a collector coins. I never saw one in circulation, but I did get a 19th century V-nickel as change once, which predates some Morgans. It would be a fair statement to say that they should not be found in circulation as 99.9999% of them have either been melted, lost, or held by collectors at this point.

Forgot to add that 2 years ago a Peace dollar was used to pay for items in my store. I bought it off of the cashier who nabbed it. It is getting less and less common, but it dos still happen.