Where Does BU Morgan Dollars Come From

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Author	Replies: 9 / Views: 962
ASEnut Valued Member South Africa 453 Posts	Posted 07/08/2014 10:46 am Hi guys just wondering the BU MORGANS for sale where they kept in vaults or what? Any info will help Thank you! Report this Post to the Staff

Cruisinfusion Pillar of the Community United States 1531 Posts	Posted 07/08/2014 11:26 am Which BU Morgans for sale are you referring to? Report this Post to the Staff
ASEnut Valued Member South Africa 453 Posts	Posted 07/08/2014 11:28 am The 1879 philadelphia morgan sorry for the spelling lol Report this Post to the Staff
Cruisinfusion Pillar of the Community United States 1531 Posts	Posted 07/08/2014 11:36 am Uhm, well, yes the 1879 Morgans were likely kept in vaults until being released into circulation, where someone probably kept one preserved over the years. Report this Post to the Staff
ASEnut Valued Member South Africa 453 Posts	Posted 07/08/2014 12:55 pm Cool thank you for the info, my next morgan will have to be a circulated one, but they are sooo expensive to get to south africa.... Report this Post to the Staff
MeadowviewCollector Pillar of the Community United States 4409 Posts	Posted 07/08/2014 12:57 pm Likely stored in government vaults for 70+ plus years after it was minted. When silver dollars became hot in the 1950s and 1960s, the vaults were tapped for $1,000 bags which were released to banks, dealers, anyone who wanted them. I'm sure there are still rolls of silver dollars that were rolled up during this time floating around. However, most have likely been broken open and picked through for the high grade coins. -MV Report this Post to the Staff
Lucky Cuss Pillar of the Community United States 4883 Posts	Posted 07/08/2014 12:59 pm This deals with the last releases through the GSA, but gives you an idea of how vast the government's holdings were over the years. Your 1879 was likely paid out at face value sometime during the 20th century. It had become a tradition for the treasury to break out bags of fresh Morgans before Christmas so that they could be given as gifts to children. See: http://morgandollars.net/gsa-morgan-dollars/ Here's a more general account of why they're still so plentiful today: http://www.pcgs.com/News/Morgan-Sil...rs-1878-1921 Colligo ergo sum Report this Post to the Staff
ASEnut Valued Member South Africa 453 Posts	Posted 07/08/2014 1:08 pm Here it is Report this Post to the Staff
dave700x Rest in Peace United States 10625 Posts	Posted 07/08/2014 1:11 pm Pick up this bookhttp://www.amazon.com/Official-Redb...p/0794817742 it's a great read for all of us history buffs. Report this Post to the Staff
ASEnut Valued Member South Africa 453 Posts	Posted 07/08/2014 1:21 pm Nope did not use e bay used a bullion dealer he imported 1000 oz of bullion so he got this one for me Report this Post to the Staff
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