The Morgan Dollar Coin Originally
Had A Run Of 26 Years
Ending In 1904
The Silver Reserves Were Supposedly Depleted.
The Pittman Act,
The Pittman Act was a United States federal law
enacted on April 23, 1918.
The act authorized the conversion
of not exceeding 350,000,000 standard silver dollars
into bullion and its sale, or use for subsidiary silver coinage,
and directed purchase of domestic silver for recoinage
of a like number of dollars.
Under the Act, 270,232,722 standard silver dollars
were converted into bullion (259,121,554 for sale to Great Britain at $1.00 per fine ounce,
plus mint charges, and 11,111,168 for subsidiary silver coinage),
the equivalent of about 209,000,000 fine ounces of silver.
Between 1920 and 1933, under the Act,
the same quantity of silver was purchased
from the output of American mines,
at a fixed price of $1 per ounce, from which
270,232,722 standard silver dollars were recoined.
The fixed price of $1 per ounce was above the market rate
and acted as a federal subsidy to the silver mining industry.
passed in 1918, authorized the melting and recoining of millions of silver dollars.
Under the act, Morgan dollars resumed mintage for one year in 1921.
The design was replaced by the Peace dollar in the same year.
1921 Morgan Does Not Command The Same Prices
Of The Original Run Coinage Of The Morgan
The Population Of Higher Quality
Strikes Appear In A Larger Volume.
AMERICAN PHOTOGRAPHER MARK FISHER
Equipment
Real Camera – Pentax 67
Real Film
Kodak
Image © Mark Fisher NYC1
(All Rights Reserved)
To Contact Mark Fisher
E-Mail to; firststampmultimedia@yahoo.com
You Must E-Mail.
For Direct Contact.
Original Image By Mark Fisher NYC1
Management: Green Key Management
greenkeym@aol.com
Music Blog:
New Music Blog Up: http://markfishers-musicreview.blogspot.com/2010/07/mark-fishers-music-review-endemic.html
Face Book Fan Page:http://www.facebook.com/pages/Mark-Fisher-American-Photographer/220022640464
Published Worldwide Over Twenty Five Years
Work Available For Viewing On Over 30 Websites
To See Beauty Images
More To Be Found On A Google Search
Mark Fisher NYC1 (Click Images)
Mark Fisher Beauty Photographer (Click Images)
(The Real Mark Fisher Photographer Is In New York)
New York Photographer Mark Fisher
Look For The Blogs.
To See More Images
Go To My Website…
If You Would Like!
Website; http://web.me.com/markfishernyc1
UNDER FEDERAL LAW, IF YOU KNOWINGLY MISREPRESENT OR PROMOTE ONLINE MATERIAL OR IDENTITY THAT IS INFRINGING, YOU MAY BE SUBJECT TO CRIMINAL PROSECUTION FOR PERJURY AND CIVIL PENALTIES, INCLUDING MONETARY DAMAGES, COURT COSTS, AND ATTORNEYS’ FEES.
Remember: Photographer Mark Fisher is in New York.
Thank You
∆
Don't Blink, You Will Miss It! 