There are few coins produced by the US Mint that have the history and acclaim of the Morgan Silver Dollar. This silver dollar coin was first produced in 1878 and would remain in circulation until 1904 (with one additional minting in 1921). All Morgan Silver Dollar coins were minted in 90% silver and contained a total weight of .7734 troy ounces of pure silver. The specific coins in this offering have been assessed as being in Good (G) condition.
- Ships in an individual protective plastic flip.
- Good condition.
- Issued a face value of $1 (USD) by the United States government.
- The obverse features Lady Liberty as inspired by Anna Willess Williams.
- The reverse bears a depiction of the heraldic eagle of the United States.
- Design from George T. Morgan.
The Morgan Silver Dollar was produced continuously from 1878 until 1904 and once again in 1921. It was originally a replacement for the Seated Liberty Silver Dollar which was brought to an end by the passage of the Coinage Act of 1873 after over 30 years of circulation. This act also ended the practice of free coining of silver, which required the US Treasury to accept any silver presented to it and return it after coining.
The initial Morgan Silver Dollars were produced following the Bland-Allison Act, which required the Treasury to purchase set monetary values of silver each month to produce coins. The Bland-Allison Act was repealed by the Sherman Silver Purchase Act, which required the Treasury to purchase a certain weight of silver each month for one year to produce coins.
George T. Morgan, the US Mints Assistant Engraver, designed the Lady Liberty and bald eagle images featured on the coins. The Morgan Silver Dollar ceased production in 1904 because all of the silver purchased under the Sherman Silver Purchase Act had been depleted.
Morgans left-profile image of Lady Liberty is featured on the obverse side of the coin. The phrase E Pluribus Unum is engraved above her head, while the year of minting is engraved below. On the reverse side, his image of a bald eagle with outstretched wings includes an olive branch in one talon and arrows in the other. The eagle is encircled by the engravings of the United States of America and One Dollar.
The US Mint system is responsible for the production of all commemorative and circulation coinage for the federal government. The Philadelphia, Carson City, San Francisco, and New Orleans mints produced the Morgan Silver Dollars, while the Denver Mint was the only facility to produce the one-year run of coins in 1921.
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