Home U.S. Coin Forum

"there will never be another Silver Dollar coined in this country" George T. Roberts July 5, 1904

I noticed this article when I was reading a newspaper from 1904 for some other research I was doing. I thought the board would find it interesting.

Comments

  • Namvet69Namvet69 Posts: 8,624 ✭✭✭✭✭

    Told ya so! Peace Roy

    BST: endeavor1967, synchr, kliao, Outhaul, Donttellthewife, U1Chicago, ajaan, mCarney1173, SurfinHi, MWallace, Sandman70gt, mustanggt, Pittstate03, Lazybones, Walkerguy21D, coinandcurrency242 , thebigeng, Collectorcoins, JimTyler, USMarine6, Elkevvo, Coll3ctor, Yorkshireman, CUKevin, ranshdow, CoinHunter4, bennybravo, Centsearcher, braddick, Windycity, ZoidMeister, mirabela, JJM, RichURich, Bullsitter, jmski52

  • erwindocerwindoc Posts: 4,925 ✭✭✭✭✭

    Never is such a strong word!

  • ZoinsZoins Posts: 33,811 ✭✭✭✭✭
    edited July 29, 2020 5:57PM

    2021! Not only do we still have silver dollars! We still have Morgan dollars!

  • PerryHallPerryHall Posts: 45,301 ✭✭✭✭✭

    @erwindoc said:
    Never is such a strong word!

    Agree. Never say never.

    Worry is the interest you pay on a debt you may not owe.

  • ZoinsZoins Posts: 33,811 ✭✭✭✭✭

    @PerryHall said:

    @erwindoc said:
    Never is such a strong word!

    Agree. Never say never.

    The US Mint will never again issue a coin struck from a screw press

    The US Mint will never again issue a coin struck on a plugged planchet

  • JimnightJimnight Posts: 10,767 ✭✭✭✭✭

    I would like to back up the phrase " Never say Never "

  • TurtleCatTurtleCat Posts: 4,589 ✭✭✭✭✭

    In a way it could have happened that way. Instead of creating the Peace dollar the Government could easily have released all the Morgans in bags that were stored up. With the benefit of hindsight, we could easily see that they would still be oversupplied with dollar coins after 1935. They then could have released the rest in the 1960s while transitioning to clad.

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    @Zoins.... Is that 2021CC a Moonlight Mint product? If not, where did you find it? Cheers, RickO

  • CaptHenwayCaptHenway Posts: 31,499 ✭✭✭✭✭

    @TurtleCat said:
    In a way it could have happened that way. Instead of creating the Peace dollar the Government could easily have released all the Morgans in bags that were stored up. With the benefit of hindsight, we could easily see that they would still be oversupplied with dollar coins after 1935. They then could have released the rest in the 1960s while transitioning to clad.

    The dollars were needed as backing for silver certificates, which were needed in circulation.

    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • TurtleCatTurtleCat Posts: 4,589 ✭✭✭✭✭

    @CaptHenway said:

    @TurtleCat said:
    In a way it could have happened that way. Instead of creating the Peace dollar the Government could easily have released all the Morgans in bags that were stored up. With the benefit of hindsight, we could easily see that they would still be oversupplied with dollar coins after 1935. They then could have released the rest in the 1960s while transitioning to clad.

    The dollars were needed as backing for silver certificates, which were needed in circulation.

    Right, but they ended up melting a great many Morgans in order to make the Peace dollars (at least in part) , right? Would we have needed as many peace dollars if they hadn’t melted the Morgans?

  • PerryHallPerryHall Posts: 45,301 ✭✭✭✭✭

    @TurtleCat said:

    @CaptHenway said:

    @TurtleCat said:
    In a way it could have happened that way. Instead of creating the Peace dollar the Government could easily have released all the Morgans in bags that were stored up. With the benefit of hindsight, we could easily see that they would still be oversupplied with dollar coins after 1935. They then could have released the rest in the 1960s while transitioning to clad.

    The dollars were needed as backing for silver certificates, which were needed in circulation.

    Right, but they ended up melting a great many Morgans in order to make the Peace dollars (at least in part) , right? Would we have needed as many peace dollars if they hadn’t melted the Morgans?

    In 1918 during WWI, 270,232,722 Morgan dollars were melted and shipped to India under the Pittman Act to help Great Britain shore up the Indian economy. This law required that they be replaced with new silver dollars after the war. This began with the original Morgan design and was later transitioned to the Peace design.

    Worry is the interest you pay on a debt you may not owe.

  • TurtleCatTurtleCat Posts: 4,589 ✭✭✭✭✭

    @PerryHall said:

    @TurtleCat said:

    @CaptHenway said:

    @TurtleCat said:
    In a way it could have happened that way. Instead of creating the Peace dollar the Government could easily have released all the Morgans in bags that were stored up. With the benefit of hindsight, we could easily see that they would still be oversupplied with dollar coins after 1935. They then could have released the rest in the 1960s while transitioning to clad.

    The dollars were needed as backing for silver certificates, which were needed in circulation.

    Right, but they ended up melting a great many Morgans in order to make the Peace dollars (at least in part) , right? Would we have needed as many peace dollars if they hadn’t melted the Morgans?

    In 1918 during WWI, 270,232,722 Morgan dollars were melted and shipped to India under the Pittman Act to help Great Britain shore up the Indian economy. This law required that they be replaced with new silver dollars after the war. This began with the original Morgan design and was later transitioned to the Peace design.

    Ah, that was the missing element for me. Thanks.

  • johnny9434johnny9434 Posts: 27,411 ✭✭✭✭✭

    @Zoins said:
    2021! Not only do we still have silver dollars! We still have Morgan dollars!

    what, no cac?

  • WinLoseWinWinLoseWin Posts: 1,471 ✭✭✭✭✭

    @johnny9434 said:

    @Zoins said:
    2021! Not only do we still have silver dollars! We still have Morgan dollars!

    what, no cac?

    There is a tiny A between the CC :)

    "To Be Esteemed Be Useful" - 1792 Birch Cent --- "I personally think we developed language because of our deep need to complain." - Lily Tomlin

  • johnny9434johnny9434 Posts: 27,411 ✭✭✭✭✭

    @WinLoseWin said:

    @johnny9434 said:

    @Zoins said:
    2021! Not only do we still have silver dollars! We still have Morgan dollars!

    what, no cac?

    There is a tiny A between the CC :)

    I see it now

Leave a Comment

BoldItalicStrikethroughOrdered listUnordered list
Emoji
Image
Align leftAlign centerAlign rightToggle HTML viewToggle full pageToggle lights
Drop image/file