Coins made for commerce ended in 1878 with the introduction of the Morgan silver dollar. Will also trade for silver rounds: 1885 P$42 1921 P$42 1889 P$45 1885 P$42 1921 P$41 This marked the first time in our nations history that designs on circulating coins would honor an anniversary of Americas independence. Their price depends on several factors, including the number of coins minted in a specific year, the city where they were made and the coins current condition, with uncirculated coins being more rare and valuable. This article is about the United States dollar coin. The Pennsylvania facility made over 6 million silver dollars that year. The 1883-S Morgan dollar coin was made at the San Francisco Mint as one of 6.25 million Morgan coins that were made that year. 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). The obverse depicts a profile portrait representing Liberty, modeled by Anna Willess Williams, while the reverse depicts an eagle with wings outstretched. In 1876, Richard P. Bland introduced a bill in the House to resume coinage of the standard silver dollar. SIGN UP FOR EMAIL UPDATES AND TEXT MESSAGE ALERTS ABOUT PRODUCTS. [27] Of that amount, 259,121,554 were sold to the United Kingdom at the cost of one dollar per troy ounce.[27]. The Pittman Act, passed in 1918, authorized the melting and recoining of millions of silver dollars. This is important to know because certain mints produced less coins in a given year than others. ADD TO CART *Prices will automatically update every minute Silver Price: $25.79 0.04 Fast Delivery Discreet Packaging [26] The Germans convinced Indian citizens that British banknotes in that country could not be redeemed for silver. Coin Values Moving with Precious Metals: Up-Dated 4/10/2023: Gold $1991 | Silver $24.76 Morgan Silver Dollar Values Popular and always in demand, minimum Morgan silver dollar values begin at $22.59 for a heavily worn example. The coins were struck under the specifications set forth in the Coinage Act of 1837 and legal tender for all debts and dues both public and private. Title Two of this Act and its various amendments authorized the Eisenhower Dollar Coin. The "PL" designation also adds collectible appeal to any silver coin. GovMint.com is a brand of Asset Marketing Services, LLC (AMS). JavaScript seems to be disabled in your browser. [2] Prior to enactment of the Coinage Act, silver could be brought to the mints and coined into legal tender for a small fee. When those silver reserves were depleted in 1904, the Mint ceased to strike the Morgan dollar. The dollars were produced every year between 1878 and 1904 at a total of four different mints. Morgan Silver Dollars were minted continuously from 1878 until 1904. This one is tied with the next two on this list, but we've ranked them in order based on their starting prices. Morgan Dollar contain 26.73 grams of .900 fine silver and .100 copper for a total net weight of .77344 ounces of pure silver. They recommended a mail bid sale. Each mint, with the exception of Philadelphia, has its own mint mark. These hoards are known as the Treasury Hoard, the Redfield Hoard, the Continental Bank Hoard and the Casino Hoards. These large Silver coins are known for their value, quality of strike, design and beauty. Other varieties of the 1878 coin feature different numbers of tail feathers on the eagle. This is why you should consult a numismatic expert to appraise the value of your coin when youre ready to sell. So which ones are worth the most valuable collectibles? 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. Approximately 300,000 1889-CC Silver Dollars were melted, ensuring 1889-CC survivors as one of the Key Dates in the Morgan Dollars series. Hayes. Since this coin's inception it has become one of the most popular silver dollars in America. However, none were released to the public. The theme of "peace" was a celebration of the end of the First World War. The Morgan dollar is a United States dollar coin minted from 1878 to 1904, in 1921, and beginning again in 2021. 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. House Bill 6192 (2021 Silver Dollar Coin Anniversary Act) allows production of Morgan and Silver dollars at 26.73g and no less than 90% silver (24.057g = 0.7735 oz t). Although Trade dollars were produced from 1873-1878, they were meant for circulation overseas and were not legal tender in America. In 1879, the California facility produced 8.6 million Morgan dollars in total. It represented the country's westward expansion and industrial development in the late 19th century. The 1892-S Morgan dollar coin was made at the San Francisco Mint and was one of 1.2 million Morgan coins made that year. The Morgan Dollar is minted in 90% silver and 10% copper. Minted from 1878 to 1904, and again in 1921, the Morgan Dollar was designed by Mint Chief Engraver George T. Morgan (1845-1925). [29] Another provision of the Pittman Act authorized the U.S. to mint a replacement coin for every silver dollar melted. The coins were issued from 1878 to 1904 and for one additional year in 1921, with production taking place across four different mint facilities. Sometimes this is also called the coin's provenance. 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. These locations were Carson City (CC), New Orleans (O), San Francisco (S), Denver (D) and Philadelphia (no mark). Learn How to Grade Morgan Silver Dollars 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. [24] The act was repealed on November 1, 1893. This variety is from the first year the Morgan dollar was issued. model name / number: Morgan Silver Dollar. Here is a list of values for every Morgan dollar minted from 1878 through 1904, as well as 1921. Upon his arrival at the U.S. Mint in Pennsylvania, Morgan was assigned the task of designing the Silver Dollar and working on patterns for the Half Dollar. [16] The high relief had caused the dies to have a shorter life. [23] Despite the Act's requiring large purchases of silver indefinitely, it provided that the Mint must coin 2,000,000 silver dollars each month only until 1891. Prices start at $300 for a coin in very good, circulated condition (VG-8) and go up to $126,500. 1895 O Morgan Silver Dollar - $165,000 7.) Here are a few of the most popular VAM Morgan silver dollars. Morgan Silver Dollar (1878-1921) Produced for more than 40 years, the Morgan Silver Dollar was in circulation longer than any other. (Gold and silver are measured in troy ounces.) The Nevada facility made 756,000 of these double-stamped Morgans in 1879. 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. The US Mint began striking Morgan Dollars again in 2021, initially as a commemorative to celebrate the 100th anniversary of the conclusion of the designs final usage, then as an annual release starting in 2023. For the best experience on our site, be sure to turn on Javascript in your browser. As a result, in 1873, the Coinage Act stopped the production of silver coins in the United States. The composition of the Morgan Silver Dollar contains 90% pure silver and 10% copper. Morgan used his fiancee, schoolteacher Anna Williams, as the model for the head of Liberty on one side of the coin. The Carson City Mint started minting Morgan Dollars in 1878, but went on a 4-year hiatus in 1885 due to political reasons. Image source: CoinStudy. [6], Beginning in 1876, several bills were introduced in the House of Representatives in an effort to resume the free coinage of silver. Specifically, the Act required the United States government to purchase between 2 and 4 million ounces of silver each month to be minted into silver dollars. Many date and mintmark combination are worth well above minimum value. Above the crown are cotton and wheat that decorate the ribbon that symbolized the reconciliation of the North and South following the Civil War. Under the Pittman Act, a total of 230,232,722 silver dollars held in storage were melted. AMS MAKES NO WARRANTIES, REPRESENTATIONS, OR PROMISES AS TO ITS PRODUCTS EXCEPT THOSE SET FORTH IN ITS TERMS AND CONDITIONS, AND NO IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS ARE MADE. Morgan Silver Dollar Key Dates- learn about key, semi-key, and better dates. 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. 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. 1893 O Morgan Silver Dollar - $180,000 6.) Prices start at $40 for this coin but can go as high as $10,000 for one in mint condition that has never been circulated, with a high-quality silver luster (MS-65). The Morgan was the first silver dollar that was minted after the demonetization of silver set by congress in the Coinage Act of 1873. Beginning in the 1970s, the Treasury conducted a sale of silver dollars minted at the Carson City Mint through the General Services Administration. 1901 Morgan Silver Dollar - $425,500 3.) This causes parts of the design to appear doubled or overlapped. This list details also details semi-key, and better dates. Price Guide. For this reason, Silver Dollar coinage was suspended in 1804. Buy Bulk Morgan Silver Dollars (1878-1904) Online Morgan Silver Dollars were minted from 1878 until 1904, and again in 1921. The "Hot Lips" VAM is the result of a mint error known as a doubled die. The Morgan Silver dollars represent the best in silver coin manufacturing at its time. The Morgan Dollar is minted in 90% silver and 10% copper. (Gold and silver are measured in troy ounces.). The 1879-CC Clear CC Morgan dollar coin was made at the Carson City 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 2021 Peace Dollars had no mint mark and were only minted in Philadelphia. Today only about 17% of original Morgan mintages are estimated to survive. He will select whichever of his Heads of Liberty he prefers for the obverse of the same. If your Morgan dollar is a special variety, it will likely command a higher price. All rights reserved. Morgan dollars, officially known as Liberty Head dollars, are among the most popular United States coins. 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. This hefty silver coin has enthralled American coin collectors for generations. The mintage on the coin was 12,760,000 and it is estimated that approximately half are still in mint state. Six months later nearly 25 million Peace Dollars had been minted. The coin is named for its designer, George T. Morgan. Minted from 1878 through 1921, it was originally and officially called the "Liberty Head Dollar" per the United States Mint. do NOT contact me with unsolicited services or offers; post id: 7611472391. posted: 2023-04-17 15:11. That makes them less expensive than their counterparts from other mints. 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. Prices start at $34 for a coin in very good, circulated condition (VG-8), but very lucky collectors can get as much as $149,500 for one in mint condition. Choice of 2. 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. One leading authentication service estimates that they have seen 1.4 million of these historic silver dollars. It was struck again in 1977 and1978, but this time only with the copper-nickel clad version. The price chart above is provided for general information purposes. Through it all, the one constant factor was the Morgan Silver Dollar, which even then was respected for its beauty and silver heft. Subsequent designs of the dollar coin continued to be issued into circulation from 1979-2011. [6] Republican senator William B. Allison of Iowa added important amendments to the bill in the Senate. Non-proof varieties are accounted for in annual mintage totals. 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. Linderman, asking if he knew of someone who could fill the position of Assistant Engraver of the U.S. Mint. This massive melt had a significant impact on the rarity and availability of certain issues of the Morgan Dollar series. [37] Authorization came at the behest of several hobby publications, who enlisted readers to contact their local congressmen and persuade them to pass necessary legislation. [15] Dies were eventually sent to the Western mints, arriving in both San Francisco and Carson City on April 16, 1878. There, he continued to learn under the watchful eye of the legendary English engraver, Leonard Charles Wyon. Morgans in these hoards were generally kept in bags, hence the "bag marks" you will find on Morgans today. [8] His earliest pattern coins designed during his tenure at the Philadelphia Mint were intended for the half dollar. 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). The Bland-Allison Act was written by Representative Richard P. Bland with amendments made to it by Senator William B. Allison. 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. Her lips, nose and chin all show a doubling effect, which is why the coins nickname is Hot Lips. A mint, uncirculated version of the double-die Morgan dollar is worth $22,441. The 1888-O Morgan dollar coin was made at the New Orleans Mint. Consequently, this coin has the highest number of forgeries. Prices start at $27 for a coin in good, circulated condition (G-4) and go up to $8,500 for an impeccable coin. The 1901 unmarked Morgan Dollar coin was made at the Philadelphia Mint, which was the only facility that did not put a letter mark on Morgans. The law required the U.S. government to buy $4 million of silver every month from miners in the American West. The 1892-O Morgan dollar coin was made at the New Orleans Mint, which used the O letter mark. The coin has since been dubbed the "Morgan" dollar as an homage to the coin's celebrated designer, George T. Morgan. 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 . [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 Silver Dollars all have .7735 ounces of silver in them. 16 languages Edit The Morgan dollar is a United States dollar coin minted from 1878 to 1904, in 1921, and beginning again in 2021. 1889 CC Morgan Silver Dollar - $280,000 4.) [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. They wanted to be ready when the time came. [16] During the second week of production, Linderman pointed out what he called a "slight imperfection" in the dies for the dollar. L. no. The U.S. only minted the Morgan dollar again during 1921,[28] the only year in which Morgan dollars were struck at the Denver mint. After running his own engraving business in London, he became an Engraver at England's Royal Mint. 1896 O Morgan Silver Dollar - $140,000 President Grover Cleveland responded to the situation by repealing the Sherman Silver Purchase Act. 1896 O Morgan Silver Dollar - $140,000 1921 $1 Silver Morgan & 1957 $1 Silver Certificate 2-pc Set XF & VF, 1878-P Morgan Silver Dollar 7-Tail Feathers XF, 1884-O Morgan Silver Dollar PCGS/NGC MS63, 1921-1922 Morgan Silver Dollar and Peace Dollar Set - 2PC, 2021(P) Morgan Silver Dollar BU w/O Privy Mark, 1887-P $1 Railroad Silver Dollar XF w/Railroad Stock Certificate, 18831885-O Morgan Silver Dollars 3-pc Set PCGS MS63 w/$5 State of Louisiana Baby Bond, 18921921 50 & $1 George T. Morgan 2-pc Set, 1881-S Wyatt Earp Morgan Silver Dollar BU, 1878-P Morgan Silver Dollar 8 Tail Feathers XF, 1883-O Morgan Silver Dollar w/18701880 $5 State of Louisiana Baby Bond. It depends on their condition and the date they were minted, among other factors. The obverse design depicts a female head emblematic of Liberty, wearing a tiara of light rays. This situation led to the Act of 1873 which eliminated the Silver Dollar from regular U.S. coinage altogether. A portion of the wing exhibits a grainy appearance and is characterized by small raised dots. No silver dollar coins were struck by the Mint and issued into circulation after 1935. 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. The eagle is clutching both an olive branch and 3 arrows in its talons, symbolizing peace, yet readiness for war. [8] Linderman contacted C.W. From 1879 until 1885 the United States Mint only made Proof coins specifically for coin collectors. [6] One such bill introduced into the House by Democratic Representative Richard P. Bland of Missouri was passed in the fall of 1876. They chose the design via a competition. As a result, U.S. coins disappeared almost as fast as they were minted. make / manufacturer: US Mint. The large heavy coins minted in 90% silver featured Morgan's winning design, a visage of Liberty based on his friend and schoolteacher Anna Willess Williams. 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. Rare Collectibles TV offers the finest selection of Morgan dollars available. Free shipping for many products! Each Morgan dollar is struck from 90% silver. Since 2012, dollar coins have only been minted and issued as numismatic items. In 1898, Congress approved a bill that required all remaining bullion purchased under the Sherman Silver Purchase Act to be coined into silver dollars. Due to the high original Morgan Dollar mintages, many issues are readily available even in gem grades. Like its predecessor, the Bicentennial Dollar was minted with two different compositions and was struck at the Philadelphia, Denver, and San Francisco Mints. These coins were minted from 1878-1904 and then in 1921. Liberty Seated Dollar Values. [10] Morgan's friend, artist Thomas Eakins, suggested he use Anna Willess Williams of Philadelphia as a model. Buy Morgan Silver Dollars Online. The Bland-Allison Act gave birth to the Morgan silver dollar. 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. Don't be the last to know about the latest deals Morgan Dollar (1878-1921) Auction Prices Population CoinFacts Photograde Set Registry. The first U.S. Silver Dollars were struck in 1794, but American merchants kept the heavier and more valuable Spanish coins for themselves and exported the lighter U.S. coins to Europe for trade. Both coins are "0.858 troy oz. By the early 1900s the Comstock Lode was exhausted and the silver bullion supply ran out. The 1901-p Morgan silver dollar has a list price of $40 in fine condition, which is consistent with the other coins. The 2021 Morgan Dollar is part of the Morgan and Peace Dollar Anniversary Coin Program. This iconic silver dollar represented the country's westward expansion and industrial development in the late 19th century. Each branch corresponds to a mintmark. Once again, legislation played a role in the silver supply chain because of the passage of the 1890 Sherman Silver Purchase Act. The mint sourced its silver from the legendary Comstock Lode. 2021 100th Anniversary Coins. Thank you for signing up with United States Mint! 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 Act had the additional impact of restarting the production of Morgan Dollar for a single year in 1921, when more than 80 million pieces were struck across three mint facilities. The Morgan Silver Dollar is one of the most famous and most highly collected U.S. coins of all time. Uncirculated silver Morgan dollar coins garner the highest prices. By continuing to browse our site, you agree that you have read and understand our Privacy Policy. The Louisiana facility made 4.9 million Morgan coins that year. 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. Morgans were minted in Philadelphia (no mint mark), San Francisco (S), New Orleans (O), Carson City (CC) and Denver (D), and carry the U.S. branchs specific mint marks except for Philadelphia struck issues. 2. When demand and silver bullion supplies dropped as a result of this legislation, production of the Morgan Dollar was suspended in 1904 at all U.S. Mint facilities. The same quantity melted was required to be replaced with newly minted silver dollars struck with silver from other sources. In December 1921, Treasury Secretary Andrew Mellon approved the Peace Dollar to replace the Morgan Dollar. 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). The original design was for that of a . A die break caused one of the most famous Morgan dollar VAMs called "Scarface." The Morgan silver dollar remains one of the most popular collector coins of all time! [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'". A list of linkable tags for topics mentioned on this page. [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. [35] In total, the sales generated $107million in revenue. The Nevada facility made 756,000 Morgans that year, including ones with both clear and double-stamped CC marks. The Pittman Act also required the government to purchase more silver to replace the melted coins, so the Morgan Silver Dollar was briefly revived one more time in 1921 until it was replaced later in the year with the Peace Silver Dollar. The 1893-S Morgan dollar coin was made at the San Francisco Mint. 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. The obverse design depicts the likeness of President Dwight Eisenhower. Shop at: APMEX David Lawrence L&C Coins Collectors Corner eBay U.S. Image source: VAMWorld. Without the required government purchases of silver, the production of silver dollars promptly declined, leading to the creation of numerous low mintage issues. The 2021 Morgan Dollars were minted in the active mints of Philadelphia (no mint mark), Denver (D), and San Francisco (S). In total, the number of coins that have survived to this day are small. You will find the mintmark on the reverse of your Morgan near the bottom of the design. 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.

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