Americans love to collect Morgan Silver Dollars

No other coin conjures up so much of the romance and history of the United States. It was intended for the export trade to China and minted for all practical purposes. During that time,a worker's weekly pay was $5. For comparison in 2008,the pay is way up to about US$1,000 per week. In other words,$200 per day. Therefore,One Morgan Silver Dollar is equivalent to the purchasing power of present US$200 as PPP(Purchasing Power Parity) The American Journal of Numismatics: Collectors should not waste their time collecting varieties, but should concentrate only on Morgan Silver Dollar. In 1950, there were call by banks for Morgan Dollars for use as holiday gifts and souvenirs. For my recollecton, 1950 is the year I earned my graduate degree from Georgetown University Graduate School with my classmate Charles L. Schultze,former Chairman of Council of Econmic Advisors under President Jimmy Carter. It is 2008 now after the passing of 58 years. Times goes fast like an e-mail. Francis Shieh a.k.a. Xie Shihao on January 19, 2008 with reflection of American history and my own academic history as a lifelong student of economics from China.