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QUANTITY | E-CHECK/WIRE | CC/PAYPAL |
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Any | $30.53 | $31.80 |
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Gold & Silver
Investor's
Guide
In 1873, the then-current American dollar coin was
legislated out of existence. No one seemed to mourn its passing. When a new
silver dollar arrived on the scene in 1878, no one seemed to welcome its
return. There simply was not much clamoring among the American public for a
heavy, nearly palm-sized dollar coin. But the Morgan Dollar was never a
people's coin.
The first Morgan Dollars were struck on March 11, 1878, less
than two weeks after the coin was authorized by Congress, at 3:17 in the afternoon
on Press #4 in Philadelphia. It is currently is on display at the Hayes Library
and Museum in Fremont, Ohio. It had a metallic content of 90% silver and 10%
copper. Morgan Dollars were minted from 1878 to 1921.
While most of the Morgan Dollars were minted in
Philadelphia, a small mint was established in Carson City, Nevada to also press
the coins near the source of the Comstock lode. The mine, however, played out
shortly thereafter and the Carson City mint closed forever in 1893. The Morgan
Dollars minted in Carson City are rare and highly collectible today. More than
500 million Morgan Dollars were minted until production stopped in 1904, after
the statuary 25-year run for a coin design.
The silver dollars were never really popular - most were
circulated in the sparsely populated West - and huge stockpiles were on hand.
In 1918, more than 270 million Morgan Dollars were melted down to provide
war-time silver for Great Britain. In 1921, another 86 million Morgan Dollars
were coined, but production was halted in 1922 for the commemorative Peace
Dollar to mark the end of World War I. The design was so popular it became the
regular silver dollar and no more Morgan Dollars were ever minted.
Now the Morgan Dollar had genuine star status in the coin
world. The dealers who purchased the Redfield hoard gradually dispersed the
silver dollars into the collecting community, further stimulating interest in
the coin. Today, the Morgan Dollar, ignored in circulation, is one of the most
famous and desired American coins in existence. Please note that 1921 is the most
common year for Morgan Silver Dollars and orders for this product are typically
fulfilled with that year.
Product Type | Coin |
---|---|
Coin Series | Morgan |
Purity | 90% |
Mint/Refinery | U.S. Mint |
Metal Type | Silver |
Face Value | $1 |
Grade | Raw |
Coin Type | Bullion |
Modern or Historical | Modern |
Year | Varies |
Metal Weight | 0.7734 oz |