I am not sure that is a realistic amount based on sleep data. I remember reading studies to the effect that a physiologically realistic dose for sleep is more like 0.1 mg to 0.3 mg, and that higher doses could be counterproductive or even harmful, at least as far as sleep was concerned. In fact, the 3mg doses commonly sold otc for sleep is at least 10 times too high. Even Dr Oz had a huge exposé about this recently.
I think that it's prudent to take the lowest dose that works. For me it's 3 mg, but I take melatonin for it's anti aging effects more so than as a sleep aid. Endogenous production of melatonin declines with age.
"Human melatonin production decreases as a person ages.[30" ( Wikipedia )
Also, the bioavailabilty of oral dosing has to be considered.
" Both the 2 and the 4 mg oral dosages showed an absolute bioavailability of approximately 15%."
http://jcp.sagepub.c.../40/7/781.short2-3 mg orally dosed would equate to the biological equivalent of healthy human production .3 mg, if this is correct.
Lastly, I read in one of the many studies I looked at today that melatonin is cleared relatively quickly, 1 hour. I take a 6 hour time release capsule.