How Many Morgan Dollars Still Exists Today?

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Author	Replies: 4 / Views: 1,987
ASEnut Valued Member South Africa 453 Posts	Posted 07/14/2014 07:53 am Hi guys,i have a question, does anyone know how many Morgan dollars still exist? They where minted in the 100 mil but how many are still around? * Moved by Staff to a more appropriate forum. * Report this Post to the Staff

CoinCollector2012 Pillar of the Community United States 8137 Posts	Posted 07/14/2014 08:30 am The mint melted hundreds of millions of them in the 1920s and 1930s and I imagine people melted millions more in the 1980s when the price of silver shot up. So to answer your question, no one really knows. Report this Post to the Staff
ASEnut Valued Member South Africa 453 Posts	Posted 07/14/2014 08:56 am Sort of yes comes down to the fact that any morgan in any condition is rare Report this Post to the Staff
Lucky Cuss Pillar of the Community United States 4883 Posts	Posted 07/14/2014 09:48 am Quote: Sort of yes comes down to the fact that any morgan in any condition is rare Compiling the individual issue estimates suggests a total of around one and a quarter million are extant in grade MS65 or better. That probably represents at best 1% of all that remain, so if you do the math, there're still quite a few that've survived in all grades. Certainly here in the U.S., every coin shop and show vendor has plenty for sale all the time. Colligo ergo sum Report this Post to the Staff
SeatedNut Pillar of the Community United States 2797 Posts	Posted 07/14/2014 5:24 pm Quote: Sort of yes comes down to the fact that any morgan in any condition is rare Not really. They still can be had for the melt value of the silver and the common dates in decent condition are readily available for a small premium over spot. This would tell me there are still many millions available. You can usually trust the coin-collecting community to adjust prices accordingly based on market availability. The unique circumstances surrounding the Morgan dollar are unprecedented in coin collecting. Congress directed the minting of 100's of millions of these coins with very little demand from the market. It was to find a use for the Comstock Load silver. The consumer wasn't eager to have these loading down their pockets so the banks kept 1000 coin bags in storage. Fast forward to 1963 and silver to be removed from coinage the following year ... the banks and federal reserve could now unload all of these bags easily. This is why you see so many high grade examples of most dates. Report this Post to the Staff
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