Browse our website GovMint.com or call 1-800-642-9160 to see how Morgan Silver Dollars can enhance your coin collection today. None have ever been as popular as the iconic Morgan or Peace Dollars. Each Morgan dollar is struck from 90% silver. 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. The Bland-Allison Act was written by Representative Richard P. Bland with amendments made to it by Senator William B. Allison. If you have any questions about Morgan Silver Dollars, please don't hesitate to ask. The value of collectible Morgan silver dollars varies widely, with some fetching as much as $300,000. During this time, the United States went through many changes as the "Age of Technology" became a reality. The inscription IN GOD WE TRUST appears above the eagle. Now, 145 years after they were first minted, comes this special release of ORIGINAL U.S. GOV'T MORGAN SILVER DOLLARS. [10] In total, Morgan had five sittings with Williams; he declared her profile to be the most perfect he had seen. The large size of the Morgan Dollar makes it difficult to strike up the design fully. Morgans in these hoards were generally kept in bags, hence the "bag marks" you will find on Morgans today. Image source: Chalkboard Champions. The remaining quantity was simply held in storage. 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. 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). Depending on the date and mintmark, prices for a coin can range from about $30 to $10,000 or more. In England, he had studied and worked for the Wyon family, best known for their minting of several American colonial coinage issues. Each mint, with the exception of Philadelphia, has its own mint mark. Morgan Silver Dollars all have .7735 ounces of silver in them. 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. Peace Dollars were available beginning later in the same year. [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. 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. JM Bullion customer service is available at 800-276-6508, online using our live chat, and through our email address. [34] Treasury officials decided to hold them back because the total number of coins minted at the Carson City mint were generally lower than others. [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'". Morgan Silver Dollars were minted continuously from 1878 until 1904. Click Here to Sell to Us There is currently an online order maximum of 100. [6] The bill was vetoed by President Rutherford B. This marked the first time in our nations history that designs on circulating coins would honor an anniversary of Americas independence. Join us today for FREE! 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. No silver dollar coins were struck by the Mint and issued into circulation after 1935. The CFA chose the work of notable Italian American artist Anthony de Francisci. [21] The silver that remained after mintage of the dollars was used to mint dimes, quarters and half dollars. 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]. Expect to pay $175.00 to $225.00 for MS-65 (Gem BU) dollar. Per an amendment to the legislation, the reverse design was to be symbolic of the Apollo 11 flight honoring the exploits of our countrys astronauts and the first landing on the moon. The reverse (tails) depicts an eagle with outstretched wings clasping arrows and an olive branch, accompanied by a wreath. 1878-S "Funky Feather" Morgan dollar. Minted from 1878 through 1921, it was originally and officially called the "Liberty Head Dollar" per the United States Mint. Holding a Morgan in your hand takes you back to the Old West, reminiscent of Americas ingenuity and entrepreneurship. 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). Some of them have earned fascinating nicknames. Prices start at $300 for a coin in very good, circulated condition (VG-8) and go up to $126,500. 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). 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. Thank you for signing up with United States Mint! Six months later nearly 25 million Peace Dollars had been minted. 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. [13] This piece was given to President Hayes; the second and third were given to Secretary of the Treasury John Sherman and Mint Director Henry Linderman. Morgan Dollars contain three-quarters of an ounce of 90% silver, mined from Nevada's legendary Comstock Lode. These famous silver dollars were struck from 1878 through 1904 and once more in 1921. Copyright 2023 My Coin Guides. We offer free shipping on orders of $149 or more and have a 30-day return policy for all non-bullion items. In other words, who owned the coin before? A list of linkable tags for topics mentioned on this page. 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. The Morgan Dollar was designed by Mint Chief Engraver George T. Morgan (1845-1925) and was minted from 1878 to 1904, and again in 1921. By 1890, a total of 360 million silver dollars had been produced, of which only one-sixth was estimated to have been released into circulation. 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. Morgan Silver Dollar Price List, for an even large list of morgan vlaues. The Morgan Dollar was designed by Mint Chief Engraver George T. Morgan (1845-1925) and was minted from 1878 to 1904, and again in 1921. 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. 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. You're probably thinking: That's quite a wide range! "[36] Congress supplied the General Services Administration with $10 million to market the dollar coins. We offer reliable real coin melt conversions and hand written stats on each and every coin in our database. Most passed through the U.S. economy when a 90% silver dollar was a day's pay for many Americans. 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 1890, the Sherman Silver Purchase Act attempted to address this problem. [4] Under the act, bullion producers were allowed to bring bullion to the mints in order to be cast into bars or coined into the newly authorized trade dollars for a small fee. So if there is no mintmark, you'll know your coin comes from Philadelphia. For the NASCAR team formerly known as Morgan-Dollar Motorsports, see. Calculate 10% copper value : The mint mark of Morgan Dollars struck at the branch mints appears below the bow in the wreath on the reverse design. 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. In 1894, the California facility produced 1.26 million Morgan dollars in total. There is a single small M at the base of Liberty's neck as a tribute to the designer, George T. Morgan. Another coin that was made at the San Francisco Mint, the 1896-S Morgan dollar coin is one of 5 million Morgan coins made in the California location that year. They wanted to be ready when the time came. Registered users receive faster checkout, enhanced order tracking options and special promotions. Morgan and Peace Dollar coins each embodied the spirit of America when they were minted. [24] Since the Treasury already had a surplus of silver dollars, minting of dollars dropped sharply beginning in 1892. There are seven stars appearing to the left of the portrait and six stars appearing to the right. Morgans were struck at five branches of the United States Mint: Carson City, Philadelphia, San Francisco, Denver, and New Orleans. 1896 O Morgan Silver Dollar - $140,000 This variety is from the first year the Morgan dollar was issued. New York sculptor Anthony de Francisci's imagery won a competition for the . Their artistic excellence and craftsmanship represented the aspirations of a country evolving into a world power. The landscape would change once again with the passage of the Pittman Act in 1918. 2021 MORGAN & PEACE SILVER DOLLARS 6 COIN SET - $1,350 (BATH) . Morgan Dollar (1878-1921) Auction Prices Population CoinFacts Photograde Set Registry. 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. In honor of the 100th anniversary of the last year of the. Again, it will always depend on the exact condition of the coin. Title Two of this Act and its various amendments authorized the Eisenhower Dollar Coin. [33] The demand to exchange silver certificates for silver dollars was so great that lines formed outside of the Treasury Building in Washington, D.C. [6] Republican senator William B. Allison of Iowa added important amendments to the bill in the Senate. For this reason, Silver Dollar coinage was suspended in 1804. [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. You won't find a "P" anywhere on the coin. The next year, New Orleans joined in, and, like San Francisco and Philadelphia, would manufacture Morgan Dollars through 1904. [35] Advertising consisted of posters and brochures distributed to post offices, banks and various financial institutions, as well as television documentaries. However, the Act also required silver to be purchased in order to manufacture new silver coins to replace the melted ones. The obverse of the Morgan Dollar features the head of Liberty, facing left. [38] The approved designs include a frontal view of the Old Mint building on the obverse and a copy of Morgan's eagle design on the reverse. About $ 30 to $ 10,000 or more, circulated condition ( VG-8 ) go. 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