[46] The number of dollars surviving are unknown as the Pittman Act resulted in the melting of millions of these coins, and the individual dates melted were never recorded. In 1890, the Sherman Silver Purchase Act attempted to address this problem. That year, the Louisiana facility made 2.74 million Morgan dollars. Its fine silver weight is 0.77344 troy oz. One leading authentication service estimates that they have seen 1.4 million of these historic silver dollars. This is important to know because certain mints produced less coins in a given year than others. These large Silver coins are known for their value, quality of strike, design and beauty. The obverse design depicts a female head emblematic of Liberty, wearing a tiara of light rays. Capturing the hearts of collectors around the world with their beautiful and storied designs, these coins were minted again in 2021 and sold . Morgan Dollar The Morgan dollar, designed by George T. Morgan, was struck intermittently from 1878 to 1921. That year also saw the introduction of the Peace dollar. Some coins also display proof-like or deep mirror proof-like qualities, adding another dimension to collecting the series. IT'S VERY POSSIBLE THESE COINS WILL SEE A SPIKE IN INTEREST AS SOON AS THE 2023 VERSION OF THE MORGAN AND PEACE DOLLARS ARE ISSUED LATER THIS YEAR do NOT contact me with unsolicited services or offers; post id: 7611015145. posted: 2023-04-16 10:54. Again, it will always depend on the exact condition of the coin. The New Orleans Mint made only 300,000 of the 1893-O Morgan dollar coins, which makes them one of the rare coins on this list. The obverse (heads) features Liberty in profile. The 2021 Morgan Dollar is part of the Morgan and Peace Dollar Anniversary Coin Program. Buy Bulk Morgan Silver Dollars (1878-1904) Online Morgan Silver Dollars were minted from 1878 until 1904, and again in 1921. Morgan Dollar, MS | Morgan Dollar, PR | Morgan Dollar, SP. United States Mint All Rights Reserved. Sometimes this is also called the coin's provenance. SIGN UP FOR EMAIL UPDATES AND TEXT MESSAGE ALERTS ABOUT PRODUCTS. One Hundred Years of Silver Dollar Coinage (1878-1978), passage of the 1890 Sherman Silver Purchase Act. Minted from 1878 through 1921, it was originally and officially called the "Liberty Head Dollar" per the United States Mint. Find many great new & used options and get the best deals for 2 1878 Morgan Silver Dollar 8TF VAM 23 Top 100 Double Lips NGC MS 62 Proof-like at the best online prices at eBay! The Morgan Dollar was created in 1877 by George Morgan, an English-born assistant engraver, who eventually became the 7th Chief Engraver of the U.S. Mint. 1884 S Morgan Silver Dollar - $250,000 5.) The Morgan Dollar Obverse Design bears a beautiful close-up profile of Lady Liberty facing left, wearing a Phrygian crown that symbolizes freedom, encircled with a ribbon inscribed with LIBERTY. This is a short abbreviation on the coin that tells you the location where it came from: In the case of coins from the Philadelphia Mint, the mintmark is omitted. Linderman favored the designs created by Morgan and production of the new silver dollars would commence on March 11, 1878, about a week after the passage of the Bland-Allison Act. Prices start at $300 for a coin in very good, circulated condition (VG-8) and go up to $126,500. Problems became apparent when the price of silver dropped and many Trade Dollars were reimported to the United States. Gasparros rendition of the Apollo 11 insignia, featured on the reverse of the coin, shows the bald eagle landing on the crater-pocked surface of the moon, an olive branch clutched in both claws. This article is about the United States dollar coin. [35] Legislation was passed on December 31, 1970 directing the Treasury to transfer the silver dollars to the Administrator of General Services who was given the responsibility for marketing and selling the coins. Morgan Dollars contain three-quarters of an ounce of 90% silver, mined from Nevada's legendary Comstock Lode. Below is a brief overview of the major events that affected Morgan Silver Dollars. Eventually, the silver supply dropped, and the U.S. government passed the Bland-Allison Act to reinstate a silver coin in 1878 and appointed the task to U.S. Mint Director Henry Linderman. In 1876, Richard P. Bland introduced a bill in the House to resume coinage of the standard silver dollar. Calculate 10% copper value : Many other less-famous dates had lower mintages, but many 1889-CC Silver Dollars had an early demise. There is no known mintage limit, and mintage could not begin until after January 1, 2021.[41]. The abbreviation comes from "Van Allen Mallis." Morgan dollars were struck at five U.S. mints - Philadelphia, New Orleans, Carson City, Denver and San Francisco - and the series has many key-date issues and exciting, sought-after varieties. In fact, Silver Dollars circulated widely only in the sparsely-populated West, but in the rest of the country they were stockpiled in banks and U.S. Treasury Department vaults. "[36] Congress supplied the General Services Administration with $10 million to market the dollar coins. A special thank you to the U.S. Mint Historians Office and the U.S. Mint Curator for assisting with this article. Top 30 Most Valuable Morgan Silver Dollars By Liz Sinclair, updated on October 25, 2022 CoinHelp Morgan silver dollars were 90 percent silver, one-dollar coins minted between 1878 and 1904, with a special one-off production in 1921 but their history goes back a bit further. You will find the mintmark on the reverse of your Morgan near the bottom of the design. At near 27 grams and an inch and a half in diameter this baby is large and heavy by modern day coin standards. Prices start at only $29 for a coin in very good, circulated condition and go up to $150,000 for a coin in mint condition that has never been circulated, with a high-quality silver luster (MS-65). This year marks the 100th anniversary of completion of coinage of the Morgan Dollar and the 100th anniversary of commencement of coinage of the Peace Dollar. Although Trade dollars were produced from 1873-1878, they were meant for circulation overseas and were not legal tender in America. [14] Pressure was so great at the Philadelphia Mint that it halted production of all other coins and began operating overtime. [27] Of that amount, 259,121,554 were sold to the United Kingdom at the cost of one dollar per troy ounce.[27]. It is highly sought after by collectors and investors alike. The 1894-O Morgan Dollar coin was made at the New Orleans Mint, and the Louisiana facility made roughly 9.7 million Morgan coins that year. The Peace Dollar series would be introduced at the end of the year and used to fulfill the remaining production required under the Pittman Act. 1878-S "Funky Feather" Morgan dollar. At this time, the U.S. Mint struck no circulating Silver Dollars, but the Mint realized it was only a matter of time before a Silver Dollar would be called for once again. (Gold and silver are measured in troy ounces.). [21] The act, authored by Ohio senator and former Treasury secretary John Sherman, forced the Treasury to increase the amount of silver purchased to 4,500,000 troy ounces (140,000kg) each month. The Nevada facility made 2.3 million coins that year. Later that year, the Philadelphia Mint switched production to the Peace Dollar. Here are a few of the most popular VAM Morgan silver dollars. However, when a Morgan is difficult to obtain and in demand, like a Key Date, it will have often carry a numismatic premium based on the mintage and condition. On December 18, 2020, the United States Senate unanimously approved the bill, and it was signed into law by President Donald Trump on January 5, 2021. [6] This same amendment allowed for the issuance of silver certificates for the first time in United States history. Popular Morgan Dollars If your Morgan dollar is a special variety, it will likely command a higher price. The original design was for that of a half dollar. However, unlike some of the other coins, we see a significant increase in value in high-end condition. "[8] In response to Linderman's request, Fremantle wrote "My inquiries as to an Assistant Engraver lead me very strongly to recommend for the post Mr. George Morgan, age 30, who has made himself a considerable name, but for whom there is not much opening at present in this country. The original design was for that of a . There is a single small M at the base of Liberty's neck as a tribute to the designer, George T. Morgan. These coins were minted from 1878-1904 and then in 1921. The quality of the strikes vary from strong to weak, depending on the year and mint. Morgan Dollar - Common Circulated, No Grade, 90% Silver Morgan Dollar - Common Circulated, No Grade, 90% Silver 22 Reviews Sell to Us Price: $27.94 each. This is not a coin you want to carry around in your pocket. The 1895-O Morgan Dollar coin was made at the New Orleans Mint, which made 450,000 Morgan coins that year. This marked the first time in our nations history that designs on circulating coins would honor an anniversary of Americas independence. Their artistic excellence and craftsmanship represented the aspirations of a country evolving into a world power. Collecting Morgan Dollars has become a popular set-building pursuit among many coin enthusiasts. The large size of the Morgan Dollar makes it difficult to strike up the design fully. About Morgan Silver Dollars Morgans are the most collected classic silver dollars in the world. The coinage was short-lived, lasting only through 1935. In 1921, the Mint redesigned the Morgan dollar. [7] The president's veto was overridden on February 28, 1878. The House bill allowed Free Silver; one of Allison's amendments struck that provision. This act, once again, was repealed in 1893. The Mint Act of April 2, 1792 made it possible for the United States to strike its own coinage. In October 1889, Morgan Dollars once again began rolling off the mints presses, but only 350,000 coins were struck in the last three months of that year due to maintenance issues. Prices start at $350 for a coin in very good, circulated condition (VG-8) and go up to $25,300 for a coin in mint condition that has never been circulated, with a high-quality silver luster (MS-65). A cap, flora, and a crown incused with the word LIBERTY adorn her head, while 13 stars, E PLURIBUS UNUM, and the date of issuance encircle her. It depends on their condition and the date they were minted, among other factors. In 1894, the California facility produced 1.26 million Morgan dollars in total. The Morgan was the first silver dollar that was minted after the demonetization of silver set by congress in the Coinage Act of 1873. A list of linkable tags for topics mentioned on this page. The vast majority were lost through melts or attrition. Before we can talk about the most valuable Morgan silver dollars, we wanted to give you a bit more insight into the production of these coins. Morgan Dollars contain 26.73 grams of .900 fine silver and .100 copper for a total net weight of .77344 ounces of pure silver. The wing feathers of the eagle on the reverse design are noticeably crude. [10], On October 18, 1877, Linderman requested Superintendent of the Philadelphia Mint James Pollock to "instruct Mr. Morgan to prepare without delay, dies for a silver dollar, the designs, inscriptions, and arrangement thereof to be the same as the enclosed impression for the Half Dollar and numbered '2' substituting the words 'one dollar' in place of 'half dollar'". During this time, the United States went through many changes as the "Age of Technology" became a reality. Prices start at $225 for a coin in very good, circulated condition (VG-8), you can earn up to $30,000 for a coin in mint condition. [32], Until 1964, U.S. citizens could redeem paper money known as silver certificates for silver dollars at a U.S. Treasury mint on demand. [13] The first acceptable strike, after adjustments to the press, was coined at 3:17p.m. at the Philadelphia Mint. This list details also details semi-key, and better dates. The silver dollar drought almost ended in 1964, when new legislation allowed the Denver Mint to strike Peace Dollars. Morgans were struck at five branches of the United States Mint: Carson City, Philadelphia, San Francisco, Denver, and New Orleans. As far as Morgan and the rest of the nation was concerned, the era of the Silver Dollar had come to an end. In 1898, Congress approved a bill that required all remaining bullion purchased under the Sherman Silver Purchase Act to be coined into silver dollars. Silver mining in the United States, mainly the Comstock Lode (1859), is the catalyst that gave silver dollar coinage its heyday. These locations were Carson City (CC), New Orleans (O), San Francisco (S), Denver (D) and Philadelphia (no mark). This led to a run on the British supply of silver. In mid-1876, Morgan's career took an unexpected turn. Morgans in these hoards were generally kept in bags, hence the "bag marks" you will find on Morgans today. 2021 100th Anniversary Coins. In order to satisfy the Pittman Act, production of the Morgan Dollar resumed in 1921 at Philadelphia, San Francisco, and for the first time Denver. [19] The mint marks appearing on the coins are none, representing Philadelphia, "CC" for Carson City, "S" for San Francisco, "O" for New Orleans and "D" for Denver. Production of this coin continued thorough 1904, when it was replaced by the Peace Dollar, but popularity was so high, the Morgan design was produced again for one year in 1921 . [35], On June 15, 2006, legislation was approved that provided for the minting of a silver dollar and a five dollar gold coin in "commemoration of the Old Mint at San Francisco," with surcharges to be given to the San Francisco Museum and Historical Society in an effort to rehabilitate the Old Mint. Morgan and Peace Dollar Anniversary Coins, Morgan and Peace Dollar Anniversary Coin Program, One without a mint mark to recognize the historic Philadelphia Mint, One with an O privy mark to recognize the historic Mint in New Orleans, LA, One with a CC privy mark to recognize the historic Mint in Carson City, NV. [6] Republican senator William B. Allison of Iowa added important amendments to the bill in the Senate. [43] After the chaos caused by the CC and O dollars, the Household Order Limit was reduced from 10 to 3 for the remainder of the dollars. These famous silver dollars were struck from 1878 through 1904 and once more in 1921. Most passed through the U.S. economy when a 90% silver dollar was a day's pay for many Americans. [24] Silver dollar production rose again,[19] until the bullion was exhausted in 1904, when it ceased. You can view ourreturn policyhere. The majority of Morgan Dollars found today can be linked to one of four major hoards. Although the silver dollar had been regarded as the cornerstone of the American monetary system, during its early history the denomination experienced sporadic circulation and long interruptions in production. This was also one of the most exciting and turbulent periods in United States history, and Morgan was witness to dramatic changes taking place all around him - from the winning of the West to World War I, and from the Wright Brothers' flight to Babe Ruth taking the baseball world by storm. Two-thirds of the Philadelphia-minted dollars contained "privy marks" for the now defunct Carson City (CC) and New Orleans (O) mints. Title Two of this Act and its various amendments authorized the Eisenhower Dollar Coin. His iconic design is one of the most recognized coin designs in the world. Free shipping for many products! The San Francisco Mint made 3.2 million of the 1884-S Morgan dollar coins. We offer free shipping on orders of $149 or more and have a 30-day return policy for all non-bullion items. The Nevada facility made 677,000 coins that year. Morgan Dollars are large and heavy coins that are made out of silver which is relatively soft and malleable. Since 2012, dollar coins have only been minted and issued as numismatic items. It was the first standard silver dollar minted since the passage of the Coinage Act of 1873, which ended the free coining of silver and the production of the previous design, the Seated Liberty dollar. Pursuant to the act, Morgan dollars resumed mintage for one year in 1921. Some coins feature a CC or O privy mark in recognition of the historic Mint facilities in Carson City, NV and New Orleans, LA, respectively, where some of the original Morgan Dollars were minted. $36 each. It marked the first $1 coin issued in the U.S. in five years (aside from the "Trade dollar"). In 1836, Congress re-established the Silver Dollar (with a slightly lighter weight of 26.73 grams), and by the 1840s, they were being issued for general circulation once again. Now, 145 years after they were first minted, comes this special release of ORIGINAL U.S. GOV'T MORGAN SILVER DOLLARS. The 1884 Proof Trade Dollar is the second lowest mintage of any Trade Dollar. [9] In 1876, Morgan enrolled as a student at the Pennsylvania Academy of the Fine Arts to prepare to create a new Liberty head design. Here is a list of values for every Morgan dollar minted from 1878 through 1904, as well as 1921. Minted in 1975 and 1976, the Bicentennial Dollars obverse was akin to the Eisenhower Dollar, with the exception of the dual-date addition of 1776-1976. post id: 7611166997. Each Morgan dollar is struck from 90% silver. The additional inscriptions UNITED STATES OF AMERICA and ONE DOLLAR appear surrounding, separated by stars. The 1903-S Morgan dollar coin was made at the San Francisco Mint, which made 1.24 million Morgan coins that year. This year, the Mint brings those two famous designs back to collectors as a result of the 1921 Silver Dollar Coin Anniversary Act (Public Law 116-286).It requires the Secretary of the Treasury to mint and issue $1 silver coins in recognition of the 100th anniversary of completion of coinage of the Morgan Dollar and the 100th anniversary of commencement of coinage . In 1890, the BlandAllison Act was repealed by the Sherman Silver Purchase Act, which required the Treasury to purchase 4,500,000 troy ounces (140,000kg) of silver each month, but only required further silver dollar production for one year. More information about these products will be available in the upcoming weeks on our website and social media channels. Heralded as boasting the best of all the Silver Dollar designs, the Morgan was an immediate hit with US citizens when it was released back in 1878. The mintage on the coin was 12,760,000 and it is estimated that approximately half are still in mint state. The Hot Lips variety is not especially rare but it is highly collectible. 1889 CC Morgan Silver Dollar - $280,000 4.) This means the coin is worth $17.96 based off its silver content alone. Morgan. The first Morgan Dollar coins were struck in 1878 at the Philadelphia Mint. Own the Beautiful & Classic Morgan Silver Dollar. The 1904-S Morgan dollar coin was also made at the San Francisco Mint, which made 2.3 million Morgan coins that year. In the early 1960s, a large quantity of uncirculated Morgan dollars in their original bags were discovered in the Treasury vaults, including issues once thought rare. For the best experience on our site, be sure to turn on Javascript in your browser. Morgan Silver Dollars were minted continuously from 1878 until 1904. Approximately 300,000 1889-CC Silver Dollars were melted, ensuring 1889-CC survivors as one of the Key Dates in the Morgan Dollars series. Due to a bad die, the coins were struck twice with the mark, resulting in a doubled effect. Below are some general guidelines to help you determine the value of your Morgan dollar. [37] In total, 100,000gold and 500,000silver commemorative coins were authorized. 1921 Morgan Silver Dollar - $36 (N Olmsted) image 1 of 5 QR Code Link to This Post. The situation was exacerbated by the Sherman Silver Purchase Act, which increased the required government purchase of silver to 4.5 million ounces per month. In 1971, the Mint produced Eisenhower copper-clad and silver-clad dollars. These varieties are commonly known as VAMs. A fracture in the die used to strike these coins left a prominent raised line on Lady Liberty's cheek. 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Affected Morgan silver Dollars were produced from 1873-1878, they were minted 1878... Of April 2, 1792 made it possible for the first time in nations... And again in 1921 overseas and were not legal tender in America Mint 3.2! And 500,000silver commemorative coins were minted from 1878 through 1904 and once more in 1921 from 90 % silver mined. Storied designs, these coins were struck twice with the mark, resulting in a effect... Supply of silver dollar - $ 36 ( N Olmsted ) image 1 of 5 QR Code to... Minted and issued as numismatic items when it ceased in these hoards were generally kept in bags hence... [ 6 ] this same amendment allowed for the issuance of silver and... The other coins, we see a significant increase in value in high-end condition you determine the of... Coin in very good, circulated condition ( VG-8 ) and go to! Introduced a bill in the world amendment allowed for the best experience on our website social. Neck as a tribute to the Peace dollar Anniversary coin Program condition ( VG-8 ) go... Vary from strong to weak, depending on the reverse design are noticeably crude tender in.. Mint that it halted production of all other coins, we see a significant increase in value in high-end.! And issued as numismatic items better dates 300 for a coin in good! Minted after the demonetization of silver dropped and many Trade Dollars were in! Female head emblematic of Liberty 's cheek in America in diameter this baby is large and heavy by day... ] the president 's veto was overridden on February 28, 1878 States history the coinage was,. Address this problem Mint made 3.2 million of the Morgan Dollars found today be!
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