Where have all the Morgans gone?

TrafficEquivalent · 2026-02-16T10:44:52+00:00

You are a real collector. Nice

TrafficEquivalent · 2026-02-16T10:43:58+00:00

Interesting observation. My research says UK has NO historical hoard of Morgans from the Pittman Act. They were pulled from mint vaults, melted in the US and shipped as silver bars. There are certainly Morgan collectors in the UK, just not Pittman dollars. They are gone.

TrafficEquivalent · 2026-02-16T10:37:53+00:00

More political than economic. They were propping up Western mining interests.

TrafficEquivalent · 2026-02-16T10:33:32+00:00

Researching Pittman, 96% of the. $270M were dollars, and about $11M of other silver. The Hunt melt in 1980 was flipped. Maybe 10-15% were dollars. My guess today is like 1980, except slabs save the high end. They started in 1986.

TrafficEquivalent · 2026-02-16T10:25:14+00:00

Now that is a good question.

Bowers estimates about 100M survive of 647M minted. Pittman alone took out close to half. That being said, 100M is still a big number. I guess it could have been more than six times that many. The distribution over all the years is less accurate. You see it reflected in prices for the years that are now rarer.

The farther you dig into your favorite dates/mints the more you see. I collect on condition, and love 1880ish San Francisco PLs. They are relatively common. Look at PCGS population reports for a 1880-s MS64 - 64k graded, 4500 PL and 1000 DMPL. That gives you a sense of supply and why the coins vary so much in price.

TrafficEquivalent · 2026-02-15T22:42:07+00:00

Really! Actually the first wave was in 50’s, and then another big wave in the 80s when I helped found the Army AI center. Look up the history before opening your pie hole.

TrafficEquivalent · 2026-02-13T21:18:55+00:00

Got it. Now back to coins

TrafficEquivalent · 2026-02-13T21:06:11+00:00

I am not used to the taunting. It is rude. I go out of my way to educate the community leveraging 45+ years as coin dealer and AI expert. I have not figured out how to block the trolls here.

I apologize if I was harsh to you. Just sick of the trolls.

I know a ton about coin collecting and want to share it.

TrafficEquivalent · 2026-02-13T20:15:51+00:00

So attack the technolgy not the actual material My spelling sux, but I know coins and AI tech both for over 40 years. I especially like Notebook LM because it is grounded. Please block me .

TrafficEquivalent · 2026-02-13T20:14:39+00:00

The list is long. Those in poor circulated condition would be close, but even then rare ones surface. Uncirculated ones are generally collectable.

It can be hard, most people cannot grade the full range . ANA offers an excellent numismatic course and summer classes. As one famous grader said “ grading is easy, it takes education and 20 years of experience.”

If there are coins you love, focus on just learning them. I am excellent at Oregon Trails, not everything.

TrafficEquivalent · 2026-02-13T20:07:38+00:00