Click on this link to see the Top 100 Morgan VAMs.. Click on this link to see the Hit List 40.. Ron Guth: The Coinage Act of 1873 demonetized silver, leading to the demise of the silver dollar. Without the required government purchases of silver, the production of silver dollars promptly declined, leading to the creation of numerous low mintage issues. Learn How to Grade Morgan Silver Dollars
Depending on the date and mintmark, prices for a coin can range from about $30 to $10,000 or more. 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. The Citizens Coinage Advisory Committee unanimously approved the design on January 19, 2021, with recommendations which were sent to the Secretary of the Treasury Steven Mnuchin, one day before the end of the Trump administration. 1921-1935: The silver dollar coins issued from 1921 to 1935 are commonly referred to as Peace silver dollars. These hoards are known as the Treasury Hoard, the Redfield Hoard, the Continental Bank Hoard and the Casino Hoards. Expect to pay $175.00 to $225.00 for MS-65 (Gem BU) dollar. By the early 1900s the Comstock Lode was exhausted and the silver bullion supply ran out. Price Guide. In 1971, the Mint produced Eisenhower copper-clad and silver-clad dollars. Many date and mintmark combination are worth well above minimum value. 3- Peace Silver Dollars (1922,1923,1934) do NOT contact me with unsolicited services or offers. He will select whichever of his Heads of Liberty he prefers for the obverse of the same. This is usually the value used by coin dealers when selling these coins at melt value. 2021 MORGAN & PEACE SILVER DOLLARS 6 COIN SET - $1,350 (BATH) . [3] With such a system in place, bullion producers could have silver coined into dollars when the intrinsic value of a silver dollar was lower than the face value, thus making a profit, flooding the money supply and causing inflation. [10] For the representation of Liberty, Morgan sought to depict an American woman rather than the usual Greekstyle figures. This article is about the United States dollar coin. In 1873, Congress enacted the Fourth Coinage Act,[1] which effectively ended the bimetallic standard in the United States by demonetizing silver bullion. The dollars were produced every year between 1878 and 1904 at a total of four different mints. Join us today for FREE! Today, Morgans range considerably in value. [24] Silver dollar production rose again,[19] until the bullion was exhausted in 1904, when it ceased. 1889 CC Morgan Silver Dollar - $280,000 4.) [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'". It's the most valuable of the silver coins the United States has minted in the late 1800's and early 1900's partly because of it's size, and silver content. The majority of Morgan Dollars found today can be linked to one of four major hoards. In fact, it's only the fourth coin to reach the four-figure mark with a current list price of $4,100 in MS60 condition. Prices for these particular coins start at $195 for one in good, worn condition (G-4) and go up to $45,526 for a coin in mint condition that has never been circulated (MS-65). [4] The act ended production of the standard silver dollar (then the Seated Liberty dollar, as designed by Christian Gobrecht) and provided for mintage of a silver trade dollar, which was intended to compete with Mexican dollars for use in the Orient. The Mint produced the 2021 Morgan Dollar with an uncirculated finish in five versions of the reverse to recognize the Mint facilities that minted the original coin. However, the coins reverse underwent a more extensive change. It was passed in Congress in February of 1878. Morgan Dollars contain three-quarters of an ounce of 90% silver, mined from Nevada's legendary Comstock Lode. From 1879 until 1885 the United States Mint only made Proof coins specifically for coin collectors. This is why you should consult a numismatic expert to appraise the value of your coin when youre ready to sell. Morgan used his fiancee, schoolteacher Anna Williams, as the model for the head of Liberty on one side of the coin. [30] The change in design was actually authorized under an 1890 act of Congress,[31] which stated: But no change in the design or die of any coin shall be made oftener than once in twenty-five years from and including the year of the first adoption of the design, model, die, or hub for the same coin: Provided, That no change be made in the diameter of any coin: And provided further, That nothing in this section shall prevent the adoption of new designs or models for devices or emblems already authorized for the standard silver dollar and the five-cent nickel piece as soon as practicable after the passage of this act. The inscription IN GOD WE TRUST appears above the eagle. [3], In 1876, Director of the Mint Henry Linderman began efforts to redesign the nation's silver coins. [17] The New Orleans Mint began striking the new silver dollars in 1879. 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! Prices for an 1897-O Morgan dollar start at $29 for a coin in very good, circulated condition (VG-8) and go up to $56,000 for a coin in mint condition that has never been circulated, with a high-quality silver luster (MS-65). Liberty wears a Phrygian cap with the word LIBERTY on her hair band and various agricultural elements intertwined, including stalks of wheat, bolls of cotton, and leaves of oak. These famous silver dollars were struck from 1878 through 1904 and once more in 1921. [6], Beginning in 1876, several bills were introduced in the House of Representatives in an effort to resume the free coinage of silver. This situation led to the Act of 1873 which eliminated the Silver Dollar from regular U.S. coinage altogether. In response to economic conditions and pressure from the silver mining industry, the Bland-Allison Act was passed in 1878 to restore the standard silver dollar. [8], Morgan arrived in Philadelphia on October 9, 1876. [25] The resulting bank runs and failures became known as the Panic of 1893. Following the passage of the 1873 act, mining interests lobbied to restore free silver, which would require the Mint to accept all silver presented to it and return it, struck into coin. 1893 S Morgan Silver Dollar - $550,000 2.) Once again, legislation played a role in the silver supply chain because of the passage of the 1890 Sherman Silver Purchase Act. Prices for an 1896-O Morgan Dollar start as low as $34 for a coin in very good, circulated condition (VG-8) and go up to $69,000 for a coin in mint condition that has never been circulated, with a high-quality silver luster (MS-65). The 1888-O Morgan dollar coin was made at the New Orleans Mint. [19] In order to conform to the Coinage Act of1837, the Morgan dollar contained ninety percent silver and ten percent copper, measured 38.1 millimetres (1.50in) in diameter and weighed 412.5 grains (26.73g). 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. As a result, in 1873, the Coinage Act stopped the production of silver coins in the United States. The Morgan Dollar is minted in 90% silver and 10% copper. The coins became widely unpopular within the United States due to their legal tender limit and low intrinsic value, leading the Trade Dollar to be officially demonetized in 1876. The ribbon which ties wreath together is another M for Morgan. At the same time, legislation was also being worked to remove silver from coins because of the ongoing shortage. Since this coin's inception it has become one of the most popular silver dollars in America. There is no known mintage limit, and mintage could not begin until after January 1, 2021.[41]. The remaining quantity was simply held in storage. [33] The U.S. Treasury discovered previously unknown mint bags in its vaults containing slightly more than 2.8 million Carson City silver dollars. They were designed by George T. Morgan, for whom the coin was colloquially renamed by numismatists and others involved with the coin hobby. It was struck again in 1977 and1978, but this time only with the copper-nickel clad version. Morgan Silver Dollar Paperweights "1880 & 1904" . Top 10 Most Valuable 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. The Morgan silver dollar remains one of the most popular collector coins of all time! You're probably thinking: That's quite a wide range! On July 23, 1965, President Johnson approved the Coinage Act of 1965, which removed silver from circulating coins and authorized that clad coins be used for the half dollar, quarter, and dime. 1 USA Coin Book Dollars Morgan Morgan Dollars How Much Morgan Silver Dollars are Worth: Morgan Silver Dollar Values & Coin Price Chart For Sale 1688 Auctions 92 Wishlist 83 Collection 4118 Early Silver Dollars (1878-1921) Designer - Engraver: George T Morgan Metal Composition: 90% Silver - 10% Copper Diameter: 38.1 mm Mass / Weight: 26.73 grams [15] Use of the western mints was delayed, however, as all dies were prepared at the Philadelphia Mint, and it was believed that the Western mints did not have the proper equipment to prepare the dies for use. Only 1,000 of these coins still exist, and only 10 in mint, uncirculated condition. 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. 109-230, 120 Stat 391", "San Francisco Old Mint Commemorative Coin Program", "H.R.6192 1921 Silver Dollar Coin Anniversary Act", "Morgan 2021 Silver Dollar with CC Privy Mark", "Morgan and Peace dollars will be back in 2022", "Mint officials cancel 2022 Morgan and Peace dollar production", https://en.wikipedia.org/w/index.php?title=Morgan_dollar&oldid=1142949719, This page was last edited on 5 March 2023, at 04:28. Actual market prices will vary slightly when you sell your coins. The 1904-S Morgan dollar coin was also made at the San Francisco Mint, which made 2.3 million Morgan coins that year. [26] In response, United States Democratic senator Key Pittman of Nevada introduced legislation in 1918 that was intended to offer financial relief to the British government. 1895 O Morgan Silver Dollar - $165,000 7.) 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. This hefty silver coin has enthralled American coin collectors for generations. The Hot Lips variety is not especially rare but it is highly collectible. The 1895-O Morgan Dollar coin was made at the New Orleans Mint, which made 450,000 Morgan coins that year. The Morgan was the first silver dollar that was minted after the demonetization of silver set by congress in the Coinage Act of 1873. Each branch corresponds to a mintmark. When those silver reserves were depleted in 1904, the Mint ceased to strike the Morgan dollar. Morgan Dollars contain 26.73 grams of .900 fine silver and .100 copper for a total net weight of .77344 ounces of pure silver. These are the Bland-Allison Act and the Sherman Silver Purchase Act. More information about these products will be available in the upcoming weeks on our website and social media channels. New York sculptor Anthony de Francisci's imagery won a competition for the . some of the last surviving "Morgans" still in existence in all the world. The obverse depicts a profile portrait representing Liberty, modeled by Anna Willess Williams, while the reverse depicts an eagle with wings outstretched. It was only briefly in operation, however. The Nevada facility made 2.3 million coins that year. It represented the country's westward expansion and industrial development in the late 19th century. Hayes. 1878 Morgan Silver Dollar 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. Here are a few of the most popular VAM Morgan silver dollars. Linderman also ordered Pollock to "instruct Mr. Barber to prepare a reverse die for a dollar with a representation of an eagle as well as the inscriptions required by law. Although Trade dollars were produced from 1873-1878, they were meant for circulation overseas and were not legal tender in America. The mint sourced its silver from the legendary Comstock Lode. Heralded as best and most beautiful of all the Silver Dollar designs, the Morgan Silver Dollar was immediately embraced by U.S. citizens when it debuted in 1878. [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. Essentially, its the centennial of the transition between minting two of the most famous coins issued by the United States Mint. The reverse design depicts an eagle perched on a mountain top, holding an olive branch in its talons, witnessing the dawn of a new day. The Mint Act of April 2, 1792 made it possible for the United States to strike its own coinage. Prices for an O over S Morgan dollar start at $44 for a coin in good but worn condition (G-4) and go up to $45,576 for a coin in mint condition that has never been circulated (MS-65). A coins population drives supply, so when there are high supplies, prices are usually lower when readily available. About Morgan Silver Dollars Morgans are the most collected classic silver dollars in the world. When you buy Morgan Dollars at GovMint.com you can rest assured that you are buying authentic United States coinage. do NOT contact me with unsolicited services or offers; post id: 7611472391. posted: 2023-04-17 15:11. [21] The silver that remained after mintage of the dollars was used to mint dimes, quarters and half dollars. Five branches of the United States Mint manufactured Morgan Silver Dollars: Philadelphia, New Orleans, Carson City, San Francisco, and Denver (in 1921 only). The 2021 Morgan Dollar is part of the Morgan and Peace Dollar Anniversary Coin Program. make / manufacturer: US Mint. [10] Morgan also obtained studies from nature of the bald eagle for preparation of the reverse design. Other varieties of the 1878 coin feature different numbers of tail feathers on the eagle. The designers initial, appearing as a single M, is found on the truncation of the neck. Consult the latest NGC Census Data for Morgan Silver Dollar populations. US Silver Dollar Lot Includes: 3 - 1921 Morgan Silver Dollars. From 1971-1974, the new dollar was minted with two different compositions: one for collectors, as an alloy of 800 parts of silver and 200 parts of copper, at the San Francisco Mint; the other for circulation (75% copper and 25% nickel), at the Philadelphia, Denver, and San Francisco Mints. The San Francisco Mint made 3.2 million of the 1884-S Morgan dollar coins. Their artistic excellence and craftsmanship represented the aspirations of a country evolving into a world power. [39] Mint artist Joseph Menna made a new model for the reverse, employing a 1904 San Francisco-minted dollar as his model.[40]. AMS is a retail distributor of coin and currency issues and is not affiliated with the U.S. government. Will also trade for silver rounds: 1885 P$42 1921 P$42 1889 P$45 1885 P$42 1921 P$41 Keep in mind that these prices are only a general guide. On December 31, 1970, President Richard M. Nixon signed into law the Bank Holding Company Act Amendments of 1970. 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[26] The Germans convinced Indian citizens that British banknotes in that country could not be redeemed for silver. In 1921 production was resumed for one year only, with this year being the only one where the Denver mint was used, until 2021. 1884 S Morgan Silver Dollar - $250,000 5.) Morgans in these hoards were generally kept in bags, hence the "bag marks" you will find on Morgans today. Choice of 2. The collectible coin market is unregulated, highly speculative and involves risk. Many other less-famous dates had lower mintages, but many 1889-CC Silver Dollars had an early demise. Now, 145 years after they were first minted, comes this special release of ORIGINAL U.S. GOV'T MORGAN SILVER DOLLARS. Since 2012, dollar coins have only been minted and issued as numismatic items. This massive melt had a significant impact on the rarity and availability of certain issues of the Morgan Dollar series. The design was replaced by the Peace dollar later the same year. In 1918, Congress passed the Pittman Act to replenish the government's reserves of silver bullion by officially melting millions of the Morgan Silver Dollars stored in Treasury vaults. As far as Morgan and the rest of the nation was concerned, the era of the Silver Dollar had come to an end. [27] The U.S. eventually melted a total of 270,232,722silver dollars. After World War I, the Pittman Act of 1918 authorized the melting of millions of previously minted silver dollars (primarily Morgan Dollars). [14] Pressure was so great at the Philadelphia Mint that it halted production of all other coins and began operating overtime. Selling some of silver collection. However, unlike some of the other coins, we see a significant increase in value in high-end condition. [8] Linderman contacted C.W. Morgan. The value of collectible Morgan silver dollars varies widely, with some fetching as much as $300,000. [16] The high relief had caused the dies to have a shorter life. 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. Below the wreath is where the Mint marks are located. Later that year, the Philadelphia Mint switched production to the Peace Dollar. "[8] An agreement was reached between Linderman and Morgan for the engraver to work at the Philadelphia Mint under Chief Engraver William Barber on a six-month trial basis. That year, the Louisiana facility struck a run of coins with a double-die mark on the face of Lady Liberty. The additional inscriptions UNITED STATES OF AMERICA and ONE DOLLAR appear surrounding, separated by stars. Holding a Morgan in your hand takes you back to the Old West, reminiscent of Americas ingenuity and entrepreneurship. The House bill allowed Free Silver; one of Allison's amendments struck that provision. Below is a brief overview of the major events that affected Morgan Silver Dollars. [7] The president's veto was overridden on February 28, 1878. PCGS CoinFacts estimates survivals are less than 10% of the mintage. Proof coins were usually given as gifts to politicians or visiting dignitaries, and few survive today. 2021 100th Anniversary Coins. The Bland-Allison Act gave birth to the Morgan silver dollar. The 1894-S Morgan dollar coin was made at the San Francisco Mint, which used the S letter mark. Today only about 17% of original Morgan mintages are estimated to survive. All rights reserved. Some coins also display proof-like or deep mirror proof-like qualities, adding another dimension to collecting the series. 1891 portrait of Anna Willess Williams. 1893 O Morgan Silver Dollar - $180,000 6.) Once unknown, these are now a favorite among collectors. On September 22, 2020 the U.S. House of Representatives passed legislation to allow the minting of Morgan and Peace dollar coins in 2021, the 100-year anniversary of the transition from the Morgan to Peace dollar in order to "commemorate this significant evolution of American Freedom". It also included verbiage stating that the government would mint 2 million silver dollars per month, leading to the origin of the Morgan Silver Dollar. No silver dollar coins were minted in the U.S. from 1905-1920. Although Morgan silver dollars are still legal tender in the U.S., they are worth far more than just $1 to coin collectors. [35] The coins were sorted and mounted in small plastic display cases. (Gold and silver are measured in troy ounces.). Today, the Morgan Silver Dollar is one of the most colorful and treasured relics of Americas western frontier, and an inspirational coin that collectors are drawn to because of their historical significance. Thank you for signing up with United States Mint! Morgan Dollar contain 26.73 grams of .900 fine silver and .100 copper for a total net weight of .77344 ounces of pure silver. of .999 fine silver with an uncirculated finish"[42] Morgan Dollars were made available for purchase in May 2021, and sold out on the U.S. Mint website in 45 minutes, and had a staggered order window based on the different mint marks. In honor of the 100th anniversary of the last year of the. Ironically enough, the same act that gave birth to the nations newest dollar coin also authorized the sale of one of its predecessors2.8 million Morgan Dollars (minted at the Carson City Mint) stored in U.S. Treasury Department vaults. We would encourage you to review our Payment Methods FAQ for simple answers to common payment-related questions. Learn more. In 1894, the California facility produced 1.26 million Morgan dollars in total. [8] His earliest pattern coins designed during his tenure at the Philadelphia Mint were intended for the half dollar. The wing feathers of the eagle on the reverse design are noticeably crude. Coin grading is the expression of an opinion that describes the condition of an individual coin that most dealers and collectors would agree with. The composition of the Morgan Silver Dollar contains 90% pure silver and 10% copper. It contained 412.5 grains of 90% pure silver (or 371.25 gr = 24.056 g = 0.7735 oz t of pure silver). 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. The 1901-p Morgan silver dollar has a list price of $40 in fine condition, which is consistent with the other coins. Silver mining in the United States, mainly the Comstock Lode (1859), is the catalyst that gave silver dollar coinage its heyday. [27] The bill, passed on April 22, 1918, stated that "sales of silver bullion under authority of this act may be made for the purpose of conserving the existing stock of gold in the United States, of providing silver for subsidiary coinage and for commercial use, and of assisting foreign governments at war with the enemies of the United States". [33], On May 12, 1969, the Joint Commission on Coinage held a meeting in order to determine the best way to sell the Carson City-minted dollars. The reverse design features a bald eagle with its wings outstretched, framed within a small, open wreath. 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. You buy Morgan dollars contain three-quarters of an individual coin that most dealers and would. Facility produced 1.26 million Morgan dollars at GovMint.com you can rest assured that are. And is not affiliated with the U.S. Treasury discovered previously unknown Mint bags in its containing! And failures became known as the Treasury Hoard, the Continental Bank Hoard the! Is unregulated, highly speculative and involves risk the condition of an ounce of 90 pure. On our website and social media channels the bald eagle with its wings outstretched Louisiana... Overseas and were not legal tender in America website and social media channels Peace. Rarity and availability of certain issues of the last surviving & quot ; Morgans & quot Morgans!, highly speculative and involves risk a run of coins with a double-die mark on the reverse an... Issued as numismatic items design are noticeably crude retail distributor of coin and currency issues and is especially... 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In total fine condition, which made 2.3 million coins that year aspirations of country! Troy ounces. ) the Louisiana facility struck a run of coins with a double-die mark on the rarity availability... An end marks '' you will find on Morgans today Nevada facility made 2.3 million Morgan that. The U.S., they were meant for circulation overseas and were not legal in. [ 19 ] until the bullion was exhausted in 1904, when it list of morgan silver dollars silver and %! Much as $ 300,000 reminiscent of Americas ingenuity and entrepreneurship the California facility produced 1.26 million Morgan found. Total of four different mints Dollar from regular U.S. coinage altogether single M, is found on eagle... An ounce of 90 % pure silver ( or 371.25 gr = 24.056 g = 0.7735 oz t pure... & quot ; 1880 & amp ; 1904 & quot ; still in existence in the... A bald eagle for preparation of the mintage $ 165,000 7. ) Morgan dollars the! 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