You shout in your sleep. Perhaps the price is just too steep. Is your conscience at rest if once put to the test? You awake with a start to just the beating of your heart. Just one man beneath the sky, Just two ears, just two eyes.
Possibly a casio coin from the early 1960's when for awhile they were mutilating the dates on the silver dollars in an attempt to keep collectors from taking them home.
"Possibly a casio coin from the early 1960's when for awhile they were mutilating the dates on the silver dollars in an attempt to keep collectors from taking them home."
Briefly. It came about during the era of the growing coin shortage of the early 60's. The "official" government explaination for the shortage was that all of coin collectors were hoarding all the coins. (Roll hoarding and speculation was big in the coin market at the time.) That was the justification for the removal of the mintmarks in the 65 - 67 years, the theory being that without mintmarks, collectors would not hoard as many. The casinos version was that if the silver dollars didn't have dates then the collectors wouldn't want them and they would stay in use at the casino. Both groups completely missed to point that silver was rising and the coins were worth more as metal than as money so every time the were spent the owner was taking a loss. Dates and mintmarks had nothing to do with it. The casinos realized this pretty quickly, started having dollar sized tokens made, and hoarded all the silver dollars themselves.
Comments
Doctored...No Butchered...Yes
This looks like a failed attempt to create a counterfeit key date Morgan.
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Perhaps the price is just too steep.
Is your conscience at rest if once put to the test?
You awake with a start to just the beating of your heart.
Just one man beneath the sky,
Just two ears, just two eyes.
Was this a common practice?
<< <i>Was this a common practice? >>
Briefly. It came about during the era of the growing coin shortage of the early 60's. The "official" government explaination for the shortage was that all of coin collectors were hoarding all the coins. (Roll hoarding and speculation was big in the coin market at the time.) That was the justification for the removal of the mintmarks in the 65 - 67 years, the theory being that without mintmarks, collectors would not hoard as many. The casinos version was that if the silver dollars didn't have dates then the collectors wouldn't want them and they would stay in use at the casino. Both groups completely missed to point that silver was rising and the coins were worth more as metal than as money so every time the were spent the owner was taking a loss. Dates and mintmarks had nothing to do with it. The casinos realized this pretty quickly, started having dollar sized tokens made, and hoarded all the silver dollars themselves.