Dear Editor,
In one of your guest articles today a gentleman mentioned that the old Morgan dollars are almost one ounce of silver. This is incorrect, and this rumor has been used by numerous unscrupulous dealers in the past to cheat customers. I’ve worked in the precious metals business for four years now, and I hear many such horror stories. Please let your audience know that the old Morgan and Peace dollars only contain .7734 ounces of silver, closer to three quarters versus a full ounce. – R.L.