Buy Morgan Silver Dollars Online. By the time he eventually retired in 1924, George T. Morgan had worked at the U.S. Mint for an amazing 48 years. Some dates with high mintages became scarcer, while some issues with seemingly low mintages remained available. Bookmark this page (Ctrl+D) and come back to get the current melt value for this coin. Under the Pittman Act, a total of 230,232,722 silver dollars held in storage were melted. The Carson City Mint started minting Morgan Dollars in 1878, but went on a 4-year hiatus in 1885 due to political reasons. You won't find a "P" anywhere on the coin. Prices start at $100 for a coin in very good, circulated condition (VG-8) and go up to $9,800 for a coin in mint condition that has never been circulated. So which ones are worth the most valuable collectibles? Prices start at a mere $35 for a coin in very good, circulated condition but can fetch up to $125,000 for a coin in mint condition that has never been circulated, with a high-quality silver luster (MS-65). [2] Protests also came from bankers, manufacturers and farmers, who felt an increased money supply would have a positive impact. These three coins, spanning 100 yearsfrom the first Morgan Dollar in 1878 to the final Eisenhower Dollar in 1978share a connection through history and legacy. At this time, the U.S. Mint struck no circulating Silver Dollars, but the Mint realized it was only a matter of time before a Silver Dollar would be called for once again. The Louisiana facility made 4.9 million Morgan coins that year. 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 of the Peace Dollar. The Morgan Dollar is frequently cited as the most popular series within all of American numismatics. 1893 O Morgan Silver Dollar - $180,000 6.) Top 10 Most Valuable Morgan Silver Dollars. The Mint made more than one million Peace Dollars in less than one month. There is a single small M at the base of Liberty's neck as a tribute to the designer, George T. Morgan. The 1893-CC Morgan dollar coin was made at the Carson City Mint. Most VAMs can only be seen under magnification, but a handful are visible with the naked eye. Morgan Silver Dollars were minted continuously from 1878 until 1904. Image source: Chalkboard Champions. [3], In 1876, Director of the Mint Henry Linderman began efforts to redesign the nation's silver coins. 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 half dollar. 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. In England, he had studied and worked for the Wyon family, best known for their minting of several American colonial coinage issues. 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 . "Hot Lips" Morgan dollar VAM. These coins were minted from 1878-1904 and then in 1921. 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. 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. 1891 portrait of Anna Willess Williams. 1893 S Morgan Silver Dollar - $550,000 2.) The obverse (heads) features Liberty in profile. 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. 2. 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 majority of Morgan Dollars found today can be linked to one of four major hoards. 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 mint mark, if present, appears on the reverse above between D and O in "Dollar". [26], The German government began a propaganda campaign during World War I to discredit the United Kingdom's currency in India. There are also Semi-Key Dates or simply Semi-Keys that are the next level of difficult-to-obtain coins after Keys.. Supply and demand moves all markets, and with the Morgan Dollar, availability and demand drives pricing. [15] Dies were eventually sent to the Western mints, arriving in both San Francisco and Carson City on April 16, 1878. In order to satisfy the Pittman Act, production of the Morgan Dollar resumed in 1921 at Philadelphia, San Francisco, and for the first time Denver. 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). In other words, who owned the coin before? After a decades-long hiatus beginning in 1804, the U.S. Mint began striking silver dollars for circulation in 1840. 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. The remaining quantity was simply held in storage. [33][34] This incident triggered huge interest, and between November 1962 and March 1964, millions of Morgan and Peace dollars were sold to the general public. 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. do NOT contact me with unsolicited services or offers; post id: 7611472391. posted: 2023-04-17 15:11. (adsbygoogle = window.adsbygoogle || []).push({}); Checkout Top 10 Most Valuable Morgan Silver Dollars or get the full Two pieces of legislation in the United States bookend the history of the Morgan dollar. Dollars. There are seven stars appearing to the left of the portrait and six stars appearing to the right. [8] His earliest pattern coins designed during his tenure at the Philadelphia Mint were intended for the half dollar. Today only about 17% of original Morgan mintages are estimated to survive. The Coinage Act of 1873 would discontinue the silver dollar and authorize the Trade Dollar, which carried different specifications and was intended primarily for export trade with Asia. These varieties are commonly known as VAMs. The next year, New Orleans joined in, and, like San Francisco and Philadelphia, would manufacture Morgan Dollars through 1904. 1884 S Morgan Silver Dollar - $250,000 5.) These locations were Carson City (CC), New Orleans (O), San Francisco (S), Denver (D) and Philadelphia (no mark). $36 each. Create an account with Govmint.com today. [35] In total, the sales generated $107million in revenue. US Silver Dollar Lot Includes: 3 - 1921 Morgan Silver Dollars. It was also the first circulating silver dollar coin minted since 1935. 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. The reverse shows an American eagle holding a clutch of arrows, with the words United States One Dollar. The new coins were called Morgan silver dollars after their designer. 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. Despite these large purchases, the price of silver dropped and the world entered a financial panic caused in part by the silver issue. These are the Bland-Allison Act and the Sherman Silver Purchase Act. It now only shows the 10 most valauble Morgans. 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. 1895 O Morgan Silver Dollar - $165,000 7.) Some of them have earned fascinating nicknames. [33] The U.S. Treasury discovered previously unknown mint bags in its vaults containing slightly more than 2.8 million Carson City silver dollars. Capturing the hearts of collectors around the world with their beautiful and storied designs, these coins were minted again in 2021 and sold . [6], Beginning in 1876, several bills were introduced in the House of Representatives in an effort to resume the free coinage of silver. [30] The Peace dollar was supposedly minted to replace the Morgan dollar under the terms of the Pittman Act but without congressional authorization, despite the fact that the Act did not describe the coin design. Morgan Dollars contain three-quarters of an ounce of 90% silver, mined from Nevada's legendary Comstock Lode. Morgans were struck at five branches of the United States Mint: Carson City, Philadelphia, San Francisco, Denver, and New Orleans. Several different branches of the U.S. Mint struck Morgan dollars. For the best and most secure experience in our catalog, please update your browser. The 1896-O Morgan Dollar coin was made at the New Orleans Mint. Morgans in these hoards were generally kept in bags, hence the "bag marks" you will find on Morgans today. The abbreviation comes from "Van Allen Mallis." The reverse (tails) depicts an eagle with outstretched wings clasping arrows and an olive branch, accompanied by a wreath. It should not be used or construed as investment advice. A fracture in the die used to strike these coins left a prominent raised line on Lady Liberty's cheek. This iconic silver dollar represented the country's westward expansion and industrial development in the late 19th century. The 1890-CC Morgan dollar coin was made at the Carson City Mint, which used the double C letter mark. Own the Beautiful & Classic Morgan Silver Dollar. In 1890, the Sherman Silver Purchase Act attempted to address this problem. Some coins also display proof-like or deep mirror proof-like qualities, adding another dimension to collecting the series. 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. These last Peace Dollars were struck at the Philadelphia, Denver, and San Francisco Mints. The obverse of the Morgan Dollar features the head of Liberty, facing left. 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. Instead, the BlandAllison Act was passed, which required the Treasury to purchase between two and four million dollars' worth of silver at market value to be coined into dollars each month. In 1894, the California facility produced 1.26 million Morgan dollars in total. The eagles talons grasp an olive branch and three arrows. The US Mint originally decided to continue the Morgan and Peace Dollar program for 2022 and beyond[44] minted in San Francisco (S) with a proof finish, but on March 14, 2022, announced that the planned 2022 releases had been scrapped due to "supply chain issues, production capacity and shipping logistics", and the rising price of silver, with plans to resume the program in 2023.[45]. Non-proof varieties are accounted for in annual mintage totals. 16 languages Edit The Morgan dollar is a United States dollar coin minted from 1878 to 1904, in 1921, and beginning again in 2021. This means the coin is worth $19.35 based off its silver content alone. The "Top 100" Morgan Dollar varieties are a distillation of the thousands of die varieties discovered by the VAM authors (an acronym of the authors' names of Van Allen and Mallis) into the most important, rarest, and/or most readily discernible varieties. [43] After the chaos caused by the CC and O dollars, the Household Order Limit was reduced from 10 to 3 for the remainder of the dollars. The 2021 Peace Dollars had no mint mark and were only minted in Philadelphia. The design was replaced by the Peace dollar later the same year. The 1891-O Morgan dollar coin was made at the New Orleans Mint. The mint sourced its silver from the legendary Comstock Lode. 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. [25] In June of that year, President Grover Cleveland, who believed that the Panic was caused by the inflation generated by the Sherman Silver Purchase Act, called a special session of Congress in order to repeal it. [14] Pressure was so great at the Philadelphia Mint that it halted production of all other coins and began operating overtime. This variety is from the first year the Morgan dollar was issued. A list of linkable tags for topics mentioned on this page. Minted from 1878 to 1904, and again in 1921, the Morgan Dollar was designed by Mint Chief Engraver George T. Morgan (1845-1925). The CFA chose the work of notable Italian American artist Anthony de Francisci. Coins. Morgan dollar CC mint mark. The 1886-O Morgan dollar coin was made at the New Orleans Mint, which made 10.7 million Morgan coins that year. The Peace Dollar was struck from 1921-1928, at which point demand for the dollar was low, and the silver supply resulting from the Pittman Act ran out. Local Storage seems to be disabled in your browser.For the best experience on our site, be sure to turn on Local Storage in your browser. The composition of the Morgan Silver Dollar contains 90% pure silver and 10% copper. 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. The 1921 Morgan dollar was the last coin in the series. Click here for the full Morgan silver dollar price chart. 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. [13], Linderman desired to involve the western mints of San Francisco and Carson City in production in order to help reach the monthly quota necessary under the BlandAllison Act. Morgan Dollar (1878-1921) Auction Prices Population CoinFacts Photograde Set Registry. These are the last names of the experts who first documented the varieties. For the best experience on our site, be sure to turn on Javascript in your browser. Approximately 300,000 1889-CC Silver Dollars were melted, ensuring 1889-CC survivors as one of the Key Dates in the Morgan Dollars series. Groups were formed that demanded the free coinage of silver (or "free silver") in order to inflate the dollar following the Panic of 1873. 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. Thank you for signing up with United States Mint! Prices start at $29 for a coin in very good, circulated condition (VG-8), but you can earn a whopping $17,250 for a coin in mint condition that has never been circulated. Over the years, hundreds of millions of Morgan Dollars were melted. Morgan Dollars contain 26.73 grams of .900 fine silver and .100 copper for a total net weight of .77344 ounces of pure silver. Though a large number of Morgan Dollars were minted, two major pieces of legislation affected how many are left in existence: The Pittman Act of 1918 and the Silver Act of 1942. Numismatists have even traced the history of each VAM to the dies used to strike the coins. [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. E PLURIBUS UNUM is above Libertys head, with 13 stars below. [27] The U.S. eventually melted a total of 270,232,722silver dollars. The 1904-S Morgan dollar coin was also made at the San Francisco Mint, which made 2.3 million Morgan coins that year. In 1921 production was resumed for one year only, with this year being the only one where the Denver mint was used, until 2021. Silver mining in the United States, mainly the Comstock Lode (1859), is the catalyst that gave silver dollar coinage its heyday. The Morgan dollar is a United States dollar coin minted from 1878 to 1904, in 1921, and beginning again in 2021. 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. The Nevada facility made 677,000 coins that year. As a result, over 270,000,000 Morgan Dollars were melted - almost half the entire mintage from 1878-1904. Prices start at $200 for a coin in very good, circulated condition (VG-8) and go up to as high as $115,000. Bookmark this page (Ctrl+D) and come back to get the current melt value for this coin. Depending on the date and mintmark, prices for a coin can range from about $30 to $10,000 or more. The mint mark of Morgan Dollars struck at the branch mints appears below the bow in the wreath on the reverse design. We invite you to compare and check numismatic . 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