"there will never be another Silver Dollar coined in this country" George T. Roberts July 5, 1904
Tomthecoinguy
Posts: 849 ✭✭✭✭
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.
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Told ya so! Peace Roy
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Never is such a strong word!
2021! Not only do we still have silver dollars! We still have Morgan dollars!
Agree. Never say never.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
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
I would like to back up the phrase " Never say Never "
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.
TurtleCat Gold Dollars
@Zoins.... Is that 2021CC a Moonlight Mint product? If not, where did you find it? Cheers, RickO
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?
TurtleCat Gold Dollars
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.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Ah, that was the missing element for me. Thanks.
TurtleCat Gold 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
I see it now