QUOTE(gxseries @ Dec 10 2007, 12:05 PM)

I would somewhat agree - VAM was originally there to hype up Morgan dollar coins as they are too far common compared to Russian coins of that era.
Well, I disagree with you here -- at the time that Van Allen and Mallis decided to collaborate their efforts, each had already been categorizing Morgan and Peace dollars independently of each other for several decades. For example, Mr. Van Allen had already examined more than 35,000 coins by 1964 which is when the U.S. Treasury department decided to stop offering them for sale (at $1 each)
(according to the preface of the VAM book: "Comprehensive Catalog and Encyclopedia of Morgan and Peace Dollars", Leroy C. Van Allen and A. George Mallis, ISBN 0-9660168-2-3).
Up to that time, anyone could walk into the nearest bank and ask to buy silver dollars at face value, or drive their car to the Treasury building in Washington DC and get a canvas bag of 1,000 for $1,000 dollars. Of course, after going through them all, you could keep what you wanted and bring back the rest (or take photographs and then return all of them). Although none were minted after 1935, before 1964 you could still pay for your groceries with silver dollars if you wanted to.
This has absolutely nothing to do with "hype" or trying to make silver dollars less common in the eyes of collectors. IMHO, their efforts stem from a genuine numismatic curiosity and interest which has nothing to do with what you imply.
OTOH, there are unscrupulous dealers who will try to hype some common VAM varieties in the hope that they can sell such a coin at a premium. Also, Oldman is right when he compares it to a "can of worms": so many new "VAM" varieties are being discovered every day that it makes you wonder where it will stop? Even so, varieties collectors will probably never be satisfied with a "closed book" -- and this is a good thing, because there should always be room for genuine numismatic research which adds to the body of knowledge.