1920 Morgan dollars ?

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RogerB
RogerB Posts: 8,852 ✭✭✭✭✭
edited September 29, 2018 4:56PM in U.S. Coin Forum

It's possible that if Assistant Treasury Secretary S. P. Gilbert had his way, production of Morgan-type silver dollars would have resumed in 1920 instead of February 1921. Assistant Secretary Leffingwell, who outranked Gilbert and was part of the original Pittman Act discussions, wanted to wait.

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  • golden
    golden Posts: 10,535 ✭✭✭✭✭
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    Great find.

  • RogerB
    RogerB Posts: 8,852 ✭✭✭✭✭
    edited September 29, 2018 4:56PM
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    The manuscript response says:
    " Mr. Gilbert: I think we should delay decision until we have a little better light on probable future course of silver market.
    R.L. (Robert Leffingwell)
    May 22/20"

  • Smudge
    Smudge Posts: 10,001 ✭✭✭✭✭
    edited September 29, 2018 5:03PM
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    @dcarr? Edit to ask has that been done?

  • Timbuk3
    Timbuk3 Posts: 11,658 ✭✭✭✭✭
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    Cool !!! B)

    Timbuk3
  • ricko
    ricko Posts: 98,724 ✭✭✭✭✭
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    Interesting document.... playing the market even then.... Cheers, RickO

  • CaptHenway
    CaptHenway Posts: 34,167 ✭✭✭✭✭
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    Interesting. I wonder when Morgan began work on preparing the models, hubs and dies for his resurrected dollar. With so much lead time he certainly could have done a better job of it!

    Professional Numismatist, Retired. 55 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Winner of the PNG's 2026 Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
  • Insider2
    Insider2 Posts: 14,452 ✭✭✭✭✭
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    @Smudge said:
    @dcarr? Edit to ask has that been done?

    Will there eventually be a1920 "Carr" Morgan dollar?

  • RogerB
    RogerB Posts: 8,852 ✭✭✭✭✭
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    So far, no one has come up with the written order for Morgan to make dollar dies or to use his 1877/78 designs.

    Leffingwell's comment relates to extreme volatility and increases in silver prices. Legislation was introduced in Congress to reduce the silver content of US coins. Britain removed a large proportion of silver from its coins. The silver market (commonly called the "course of silver") soon settled back into a normal range and changes were not necessary until 1965.

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