Its fine silver weight is 0.77344 troy oz. 1893 O Morgan Silver Dollar - $180,000 6.) The coin is named after its designer, United States Mint Assistant Engraver George T. Morgan. The 1887-O Morgan dollar coin was made at the New Orleans 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! However, the coins reverse underwent a more extensive change. The Pittman Act, passed in 1918, authorized the melting and recoining of millions of silver dollars. [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 additional inscriptions UNITED STATES OF AMERICA and ONE DOLLAR appear surrounding, separated by stars. Today only about 17% of original Morgan mintages are estimated to survive. We invite you to compare and check numismatic . His design of Lady Liberty was modeled after Anna Willess Williams. Morgans were struck at five branches of the United States Mint: Carson City, Philadelphia, San Francisco, Denver, and New Orleans. The 1891-O Morgan dollar coin was made at the New Orleans Mint. Since the New Orleans Mint relied on silver coin production for business, this ultimately led to its shutdown as a Mint facility. [39] Mint artist Joseph Menna made a new model for the reverse, employing a 1904 San Francisco-minted dollar as his model.[40]. Several different branches of the U.S. Mint struck Morgan dollars. CoinTrackers.com is an invaluable resource dedicated to helping the coin collector and silver community. Holding a Morgan in your hand takes you back to the Old West, reminiscent of Americas ingenuity and entrepreneurship. Only 1,000 of these coins still exist, and only 10 in mint, uncirculated condition. [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'". Was it part of a famous collection or hoard? [25] The resulting bank runs and failures became known as the Panic of 1893. 16 languages Edit The Morgan dollar is a United States dollar coin minted from 1878 to 1904, in 1921, and beginning again in 2021. The Nevada facility made 756,000 Morgans that year, including ones with both clear and double-stamped CC marks. Proof-like 1895-O Morgan dollar (reverse). 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. 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. US. [21] The silver that remained after mintage of the dollars was used to mint dimes, quarters and half dollars. After a decades-long hiatus beginning in 1804, the U.S. Mint began striking silver dollars for circulation in 1840. "[36] Congress supplied the General Services Administration with $10 million to market the dollar coins. The mintage on the coin was 12,760,000 and it is estimated that approximately half are still in mint state. They chose the design via a competition. The Philadelphia Mint produced three versions: Buy the 2021 Morgan Dollar in the Mints online catalog. The goal is to complete, or nearly complete a set of Morgan Silver Dollars by date or mintmark. The mint mark, if present, appears on the reverse above between D and O in "Dollar". The House bill allowed Free Silver; one of Allison's amendments struck that provision. [24] On June 13, 1898, Congress ordered the coining of all the remaining bullion purchased under the Sherman Silver Purchase Act into silver dollars. The 2021 Morgan Dollar is part of the Morgan and Peace Dollar Anniversary Coin Program. The inscription E PLURIBUM UNUM appears above, with the date below. She was a teacher and writer in Philadelphia at the time. A die break caused one of the most famous Morgan dollar VAMs called "Scarface." Once again, legislation played a role in the silver supply chain because of the passage of the 1890 Sherman Silver Purchase Act. Later that year, the Philadelphia Mint switched production to the Peace Dollar. This led to a run on the British supply of silver. They were made in five different U.S. Treasury locations, and each mint had its own special letter designation stamped on the coins. The 1896-O Morgan Dollar coin was made at the New Orleans Mint. 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. 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. 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. These are the top 30 most valuable Morgan silver dollars, according to USA Coin Book and Coin HelpU. It was struck again in 1977 and1978, but this time only with the copper-nickel clad version. Morgan Silver Dollars were minted continuously from 1878 until 1904. 1889 CC Morgan Silver Dollar - $280,000 4.) In December 1921, Treasury Secretary Andrew Mellon approved the Peace Dollar to replace the Morgan Dollar. The obverse of the Morgan Dollar features the head of Liberty, facing left. 1896 O Morgan Silver Dollar - $140,000 The value of collectible Morgan silver dollars varies widely, with some fetching as much as $300,000. Prices start at $95 for a coin in very good, circulated condition (VG-8) and go up to $6,000 for a coin in mint condition that has never been circulated. Calculate 10% copper value : Copyright 2023 My Coin Guides. [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). Below is a brief overview of the major events that affected Morgan Silver Dollars. 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). Proof coins were usually given as gifts to politicians or visiting dignitaries, and few survive today. The 1895-S Morgan dollar coin was made at the San Francisco Mint and is rare, as it's only one of 400,000 Morgan coins made that year. 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. [15] Dies were eventually sent to the Western mints, arriving in both San Francisco and Carson City on April 16, 1878. 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. Prices start at $32 for a coin in good, circulated condition (G-4) and go up to $6,233 for a coin in mint condition. The 1879-CC Morgan dollar coin was made at the Carson City Mint. Each branch corresponds to a mintmark. Fremantle, Deputy Master of the Royal Mint in London, requesting him to "find a first class die-sinker who would be willing to take the position of Assistant Engraver at the Mint at Philadelphia. Their artistic excellence and craftsmanship represented the aspirations of a country evolving into a world power. This series may be the most common of all 19th-century U.S. coins. Morgan Dollars invoke images of western salons and honky-tonks, with cowboys raising the stakes at poker games, and stagecoach robberies from outlaws looking to score a cache of these big, beautiful silver dollars. and new product arrivals. Buy Bulk Morgan Silver Dollars (1878-1904) Online Morgan Silver Dollars were minted from 1878 until 1904, and again in 1921. So you can multiply that times the current price of silver to find out the absolute minimum your coin should be . The quality of the strikes vary from strong to weak, depending on the year and mint. Above the crown are cotton and wheat that decorate the ribbon that symbolized the reconciliation of the North and South following the Civil War. The Bland-Allison Act re-authorized the standard silver dollar to the weight and fineness as stated in the Act of January 18, 1837 (26.73 grams; .900 silver, .100 copper). 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. The abbreviation comes from "Van Allen Mallis." It should not be used or construed as investment advice. [10] Morgan's friend, artist Thomas Eakins, suggested he use Anna Willess Williams of Philadelphia as a model. 1889 CC Morgan Silver Dollar - $280,000 4.) The 2021 Morgan Dollars were minted in the active mints of Philadelphia (no mint mark), Denver (D), and San Francisco (S). There is a single small M at the base of Liberty's neck as a tribute to the designer, George T. Morgan. No silver dollar coins were struck by the Mint and issued into circulation after 1935. In 1891, the Louisiana facility made 7.95 million Morgan dollars. 1901 Morgan Silver Dollar - $425,500 3.) The obverse design depicts the likeness of President Dwight Eisenhower. We would encourage you to review our Payment Methods FAQ for simple answers to common payment-related questions. 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. Adhering to the requirements written in the Coinage Act of April 2, 1792 (1 Stat. From 1878 to 1904, and again in 1921, 657 million Morgan Dollars were produced in 96 different date-and-mint combinations, over the 27 years of Morgan production. "[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. 1 2 3 4 5 [29] Another provision of the Pittman Act authorized the U.S. to mint a replacement coin for every silver dollar melted. These are the Bland-Allison Act and the Sherman Silver Purchase Act. The coins were polished and handled carefully to avoid being marked. Morgan Dollar The Morgan dollar, designed by George T. Morgan, was struck intermittently from 1878 to 1921. They wanted to be ready when the time came. No silver dollar coins were minted in the U.S. from 1905-1920. In England, he had studied and worked for the Wyon family, best known for their minting of several American colonial coinage issues. This massive melt had a significant impact on the rarity and availability of certain issues of the Morgan Dollar series. Numismatists have even traced the history of each VAM to the dies used to strike the coins. There was very little demand for dollar coins, however. For the best experience on our site, be sure to turn on Javascript in your browser. "Hot Lips" Morgan dollar VAM. As a general rule, these coins had higher mintages. Bag marks are caused from the coins coming into contact with each other. Prices for these special Morgan dollars start at $17,000 for a coin in very good condition (VG-8) and go up to $80,000 for one in mint, uncirculated condition (MS-65). When you buy Morgan Dollars at GovMint.com you can rest assured that you are buying authentic United States coinage. [18], The Denver Mint, established in 1906, struck the coins for only one year, in 1921. The Peace Dollar commemorated the declaration of peace between the United States and Germany. The most desired coins in sets are known as Key Dates. Key Date Morgan Dollars are usually the hardest to find in the series and often carry value beyond their simple silver content. Prices start at $200 for a coin in very good, circulated condition (VG-8) and go up to as high as $115,000. Individuals began purchasing large quantities of the pieces at face value and then removed them from circulation through hoarding, and eventually the Treasury ceased exchanging silver certificates for silver coin. Morgan and Peace Dollar coins each embodied the spirit of America when they were minted. These hoards are known as the Treasury Hoard, the Redfield Hoard, the Continental Bank Hoard and the Casino Hoards. For the best experience on our site, be sure to turn on Javascript in your browser. The coin was originally designed by George T. Morgan, and thus the name Morgan Dollars. When those silver reserves were depleted in 1904, the Mint ceased to strike the Morgan dollar. The 1901 Double Die Reverse, or Shifted Eagle, Morgan dollars were made at the Philadelphia Mint and dont bear a letter mark. The 1894-S Morgan dollar coin was made at the San Francisco Mint, which used the S letter mark. Sometimes this is also called the coin's provenance. Choice of 2. Again, it will always depend on the exact condition of the coin. Our price of $39.00 each is guaranteed $50-$65 lower than several leading national retailers. [4] Trade dollars initially held legal tender status, but it was revoked in 1876 to prevent bullion producers from making a profit by coining silver into trade dollars when the value of the metal was low. 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