Morgan Dollar. One of the most beautiful coins I have collected. Minted from 1878 to 1921, this dollar, surprisingly, has been largely overlooked since its entry into circulation. In 1873, the current dollar, the sitting Liberty Dollar, was passed out of existence. The Morgan Dollar was the largest silver coin made in Nevada (at the time). He had to trade this silver, of course, or mine decoction. If the silver dollar was taken away five years ago, where would the silver be sold and used? Lobbyists successfully passed the Bland-Allison Act in 1878 which required the US Government to purchase between $2 and $4 million dollars of silver per month to the currency of silver dollars. Thus Morgan Dollar was born.
The Morgan Dollar was designed by 31-year-old George T. Morgan, who won the contest and was armed in his favor. The mint president, Henry P. Linderman, regretted Barber’s plans, giving William and his son Charles a quarter of Barber, half dollars, half fame.
The first Morgan Dollar was struck on March 11, 1878. They were minted in Philadelphia, Carson, New Orleans, Denver and San Francisco. The Carson City branch closed in 1893 and the Morgan Dollar with the 200 mint mark is extremely rare.
The obverse (obverse) shows the left forehead of Miss Liberty while the reverse (reverse) shows an eagle which was thought to look like a scythe and referred to the triorchin dollar.
Mintmarks are found on the reverse side, under the crown and George T. Morgan’s initials, which is simply M, are found on both sides of the coin. First for the initial coin designator.
Shortly after production it was suggested that the eagle’s tail feathers should be painted instead of 8 on the reverse. Changed the policy order. Therefore, some of the 1878 Morgan Dollars have 7 tail feathers, some of them have 8 tail feathers, and some of them have 15 tail feathers (commonly referred to as 7/8 TF to collectors). 7 out of 8 is hardly three designs, but all three designs are available to collect.
Minting ceased in 1904, but made one last appearance in 1921. Approximately 657 million Morgans were minted in 96 different periods and combinations. Unfortunately, hundreds of millions were wiped out in the Pittman Act and the Silver Act of 1942 and since production ceased at Morgan in 1904 with one mining in 1921, sometimes good specimens in all 96 variations can be difficult and/or difficult to find. very expensive However, there is nothing that would discourage a collector of this coin.
As silver prices began to rise in the 1960s, the Morgan Dollar bond began to become popular. With the addition of the discovery of Lavere Redfield’s 411,000 Morgan Dollar and Peace Dollar hoard after his death in 1974, he took off the idea of collecting these. What Mr. Redfield did was to collect these silver dollars because of distrust of the Government and because he could buy an ounce of pure silver for a dollar paper money . These estates were sold at auction. Anyone who owns a Morgan Dollar is said to have had the best he had ever invested. Looking at the amazing collection he thought it was real.
Key dates in the collection are 1895, 1893-S, 1895-O, 1892-S, 1889-CC, 1884-S, 1879-CC, and they will make a lot of money in professional grade condition. The focal points of the dress in the Morgan Dollar collection are the feathers over Liberty’s eye and ear, the tall upper stem of the hat, and the eagle’s crest on the breast. Well demarcated lines are desired and will be easy to detect due to the size of the coin.
Today, the Morgan Dollar, which met its life with indifference, now holds a successful place in the minds of collectors. This definately holds in my heart. Although many of these dollars are available for melting, they are reasonably priced and have a nice look.
Specifications:
Diameter: 38.1 Millimeters Weight: 26.73 P. Composition: .900 Silver, .100 Brass Edge: Reeded Net Weight: .77344 Ounces of Pure Silver.
