William B. Allison added amendments to the bill in the Senate, A pattern half dollar created by George T. Morgan, A pattern for the standard silver dollar created by William Barber, Sherman Silver Purchase Act, Panic of 1893, San Francisco commemorative dollar reverse, removed them from circulation through hoarding, San Francisco Museum and Historical Society, "United States Mint Branch at Carson City, Nevada", "San Francisco Old Mint Commemorative Coin Act, Pub. Now, 145 years after they were first minted, comes this special release of ORIGINAL U.S. GOV'T MORGAN SILVER DOLLARS. You're probably thinking: That's quite a wide range! The production of silver dollars would cease completely in 1904 since the government already held millions in storage which were not needed for circulation. Latest Offers, Straight To Your Inbox. They wanted to be ready when the time came. [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). Again, it will always depend on the exact condition of the coin. 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. That year, the Louisiana facility struck a run of coins with a double-die mark on the face of Lady Liberty. 1889 CC Morgan Silver Dollar - $280,000 4.) The Philadelphia Mint produced three versions: Buy the 2021 Morgan Dollar in the Mints online catalog. Selling some of silver collection. [18], The Denver Mint, established in 1906, struck the coins for only one year, in 1921. [25] The resulting bank runs and failures became known as the Panic of 1893. [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. That makes them less expensive than their counterparts from other mints. The 1881-S is the most available Morgan dollar in mint state from the years 1878 to 1904. We offer free shipping on orders of $149 or more and have a 30-day return policy for all non-bullion items. The 1879-CC Morgan dollar coin was made at the Carson City Mint. JavaScript seems to be disabled in your browser. 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 majority of Morgan Dollars found today can be linked to one of four major hoards. [35] The GSA conducted a total of seven mail bid sales between 1972 and 1980. Over time, numismatists and coin grading services have refined and agreed upon specific definitions, descriptions and numeric values that help all coin collectors describe coins accurately when buying or selling. SIGN UP FOR EMAIL UPDATES AND TEXT MESSAGE ALERTS ABOUT PRODUCTS. make / manufacturer: US Mint. The 1892-O Morgan dollar coin was made at the New Orleans Mint, which used the O letter mark. The 1904-S Morgan dollar coin was also made at the San Francisco Mint, which made 2.3 million Morgan coins that year. Since 2012, dollar coins have only been minted and issued as numismatic items. Sometimes this is also called the coin's provenance. [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. Top 10 Most Valuable Morgan Silver Dollars. (adsbygoogle = window.adsbygoogle || []).push({}); Checkout Top 10 Most Valuable Morgan Silver Dollars or get the full Prices start at $300 for a coin in good, circulated condition (G-4) and go up to $41,125 for a mint, uncirculated coin (MS-65). US Silver Dollar Lot Includes: 3 - 1921 Morgan Silver Dollars. Uncirculated silver Morgan dollar coins garner the highest prices. It was struck again in 1977 and1978, but this time only with the copper-nickel clad version. This stands for proof-like, meaning the coin has mirrored surfaces. Price guide excludes all proofs and special varieties. Morgan Dollars are large and heavy coins that are made out of silver which is relatively soft and malleable. In late 1877, the Mint Director Henry Linderman instructed both Morgan and Barber to prepare dies for a silver dollar. Subsequent designs of the dollar coin continued to be issued into circulation from 1979-2011. In 1921, the Mint redesigned the Morgan dollar. Encircling the coin above is UNITED STATES OF AMERICA with the denomination, ONE DOLLAR, with stars on either side. 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. No silver dollar coins were minted in the U.S. from 1905-1920. [27] The Pittman Act authorized the U.S. to melt up to 350,000,000 silver dollars,[27] and this commenced immediately after the Act's passage. Image source: VAMWorld. This is a short abbreviation on the coin that tells you the location where it came from: In the case of coins from the Philadelphia Mint, the mintmark is omitted. Many other less-famous dates had lower mintages, but many 1889-CC Silver Dollars had an early demise. [2] Prior to enactment of the Coinage Act, silver could be brought to the mints and coined into legal tender for a small fee. Its fine silver weight is 0.77344 troy oz. The coin is named after its designer, United States Mint Assistant Engraver George T. Morgan. The Citizens Coinage Advisory Committee unanimously approved the design on January 19, 2021, with recommendations which were sent to the Secretary of the Treasury Steven Mnuchin, one day before the end of the Trump administration. This massive melt had a significant impact on the rarity and availability of certain issues of the Morgan Dollar series. 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. 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). Following some design revisions, they were also struck at San Francisco and Carson City that same year, because of the facilities proximity to the silver mines in the western United States. Problems became apparent when the price of silver dropped and many Trade Dollars were reimported to the United States. $20.1638 is the rounded silver value for the 1878-1921 silver Morgan dollar on April 13, 2023. So if there is no mintmark, you'll know your coin comes from Philadelphia. 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. She was a teacher and writer in Philadelphia at the time. Only 1,000 of these coins still exist, and only 10 in mint, uncirculated condition. [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. Choice of 2. Join us today for FREE! Note that of the 2021 Philadelphia Morgan Dollars, a third were minted with a "CC" privy mark and a third were minted with an "O" privy mark. By the time he eventually retired in 1924, George T. Morgan had worked at the U.S. Mint for an amazing 48 years. [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. 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. [33] The U.S. Treasury discovered previously unknown mint bags in its vaults containing slightly more than 2.8 million Carson City silver dollars. Bullion depositors also began to have their silver struck into Trade Dollars, which they would distribute at a discount to face value. Below are some general guidelines to help you determine the value of your Morgan dollar. This variety is from the first year the Morgan dollar was issued. size: Ball is 3 inches in diameter / Stand is 2.5 inches by 2.5 inches CoinTrackers.com is an invaluable resource dedicated to helping the coin collector and silver community. After World War I, the Pittman Act of 1918 authorized the melting of millions of previously minted silver dollars (primarily Morgan Dollars). These hoards are known as the Treasury Hoard, the Redfield Hoard, the Continental Bank Hoard and the Casino Hoards. It is highly sought after by collectors and investors alike. During the mid-1970s, the quarter, half dollar, and dollar coins underwent a design transformation for the nations upcoming bicentennial celebration. 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. Today, Morgans range considerably in value. All purchases are expressly conditioned upon your acceptance of our Terms and Conditions; to decline, return your purchase pursuant to our Return Policy. From the onset of the series, the requirements of the Bland-Allison Act led to heavy silver dollar production, well in excess of the needs for commerce. A special thank you to the U.S. Mint Historians Office and the U.S. Mint Curator for assisting with this article. [37] In total, 100,000gold and 500,000silver commemorative coins were authorized. In 2006, Morgan's reverse design was used on a silver dollar issued to commemorate the old San Francisco Mint building. The Comstock Lode, a massive silver discovery in 1859, flooded the U.S. market with silver and caused the value of silver coins to drop. After running his own engraving business in London, he became an Engraver at England's Royal Mint. [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. The mint mark of Morgan Dollars struck at the branch mints appears below the bow in the wreath on the reverse design. By this time, most Americans preferred to use paper money instead of carrying around heavy Silver Dollars. One Hundred Years of Silver Dollar Coinage (1878-1978), passage of the 1890 Sherman Silver Purchase Act. 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. Below the wreath is where the Mint marks are located. $80 each / BEST OFFER for BOTH *TWO (2) AVAILABLE Dates "1880 & 1904"420 * Encased in Lucite - Round "Ball Shape" on stand / Genuine Silver Dollars Approx. Here is a list of values for every Morgan dollar minted from 1878 through 1904, as well as 1921. This act restored silver as legal-tender. 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. Following the passage of the 1873 act, mining interests lobbied to restore free silver, which would require the Mint to accept all silver presented to it and return it, struck into coin. 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. 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 obverse of the Morgan Dollar features the head of Liberty, facing left. 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. The coins made by the Denver and San Francisco Mint facilities bear D and S mint marks, respectively. A cap, flora, and a crown incused with the word LIBERTY adorn her head, while 13 stars, E PLURIBUS UNUM, and the date of issuance encircle her. The 1891-O Morgan dollar coin was made at the New Orleans Mint. [24] Since the Treasury already had a surplus of silver dollars, minting of dollars dropped sharply beginning in 1892. Collectors are drawn to the large size, classic design, and relatively robust availability. The Morgan Dollar Obverse Design bears a beautiful close-up profile of Lady Liberty facing left, wearing a Phrygian crown that symbolizes freedom, encircled with a ribbon inscribed with LIBERTY. In 2021, the U.S. Mint re-issued the Morgan Dollar in honor of its last year of minting in 1921. Due to a bad die, the coins were struck twice with the mark, resulting in a doubled effect. Popular Morgan Dollars If your Morgan dollar is a special variety, it will likely command a higher price. It was also the first circulating silver dollar coin minted since 1935. [7] The president's veto was overridden on February 28, 1878. The 1903-S Morgan dollar coin was made at the San Francisco Mint, which made 1.24 million Morgan coins that year. A coins population drives supply, so when there are high supplies, prices are usually lower when readily available. The inscription E PLURIBUM UNUM appears above, with the date below. Thank you for signing up with United States Mint! 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. 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). The 1889-CC Morgan dollar coin was made at the Carson City Mint, which only made 350,000 Morgans that year. 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. A die break caused one of the most famous Morgan dollar VAMs called "Scarface." United States Mint All Rights Reserved. Hayes. Morgan Silver Dollar Paperweights "1880 & 1904" . Morgan Silver Dollar (1878-1921) Produced for more than 40 years, the Morgan Silver Dollar was in circulation longer than any other. 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). Prices start at $2,430 for a coin in very good, circulated condition (VG-8), and go up to $300,000. This large, heavy, handsome, historic silver dollar was named after its designer, George Thomas Morgan, the 7th Chief Engraver of the U.S. Mint. Morgan Silver Dollars all have .7735 ounces of silver in them. [15] Use of the western mints was delayed, however, as all dies were prepared at the Philadelphia Mint, and it was believed that the Western mints did not have the proper equipment to prepare the dies for use. The Carson City Mint started minting Morgan Dollars in 1878, but went on a 4-year hiatus in 1885 due to political reasons. "[8] An agreement was reached between Linderman and Morgan for the engraver to work at the Philadelphia Mint under Chief Engraver William Barber on a six-month trial basis. Although the silver dollar had been regarded as the cornerstone of the American monetary system, during its early history the denomination experienced sporadic circulation and long interruptions in production. 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. For the best experience on our site, be sure to turn on Javascript in your browser. Proof coins were usually given as gifts to politicians or visiting dignitaries, and few survive today. [16] The high relief had caused the dies to have a shorter life. For the best experience on our site, be sure to turn on Javascript in your browser. 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. During this time, the United States went through many changes as the "Age of Technology" became a reality. The composition of the Morgan Silver Dollar contains 90% pure silver and 10% copper. Before the nation could truly benefit from this discovery, previous legislation demonetizing silver first had to be overcome. Non-proof varieties are accounted for in annual mintage totals. 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. Morgan used his fiancee, schoolteacher Anna Williams, as the model for the head of Liberty on one side of the coin. Production of this coin continued thorough 1904, when it was replaced by the Peace Dollar, but popularity was so high, the Morgan design was produced again for one year in 1921 . The Peace Dollar commemorated the declaration of peace between the United States and Germany. 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. ADD TO CART *Prices will automatically update every minute Silver Price: $25.79 0.04 Fast Delivery Discreet Packaging This led to a run on the British supply of silver. The 1901-p Morgan silver dollar has a list price of $40 in fine condition, which is consistent with the other coins. Of these, 500,000 used a reverse of the 1878 design, so the eagle and the arrows appear flatter. No silver dollar coins were struck by the Mint and issued into circulation after 1935. Today only about 17% of original Morgan mintages are estimated to survive. Linderman held a competition for the design of a new silver dollar, which was won by English engraver, George Morgan. In 1921 production was resumed for one year only, with this year being the only one where the Denver mint was used, until 2021. 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. [29] Another provision of the Pittman Act authorized the U.S. to mint a replacement coin for every silver dollar melted. 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 coinage was short-lived, lasting only through 1935. Prices start at only $29 for a coin in very good, circulated condition and go up to $150,000 for a coin in mint condition that has never been circulated, with a high-quality silver luster (MS-65). [6] One such bill introduced into the House by Democratic Representative Richard P. Bland of Missouri was passed in the fall of 1876. Ironically enough, the same act that gave birth to the nations newest dollar coin also authorized the sale of one of its predecessors2.8 million Morgan Dollars (minted at the Carson City Mint) stored in U.S. Treasury Department vaults. 1895 O Morgan Silver Dollar - $165,000 7.) It was only briefly in operation, however. Later that year, the Philadelphia Mint switched production to the Peace Dollar. Its fine silver weight is 0.77344 troy oz. 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. Pursuant to the act, Morgan dollars resumed mintage for one year in 1921. Will also trade for silver rounds: 1885 P$42 1921 P$42 1889 P$45 1885 P$42 1921 P$41 Buy Bulk Morgan Silver Dollars (1878-1904) Online Morgan Silver Dollars were minted from 1878 until 1904, and again in 1921. "[12], Production of the coins did not commence until March11, more than a week after the passage of the BlandAllison Act. Five branches of the United States Mint manufactured Morgan Silver Dollars: Philadelphia, New Orleans, Carson City, San Francisco, and Denver (in 1921 only). The goal is to complete, or nearly complete a set of Morgan Silver Dollars by date or mintmark. When you buy Morgan Dollars at GovMint.com you can rest assured that you are buying authentic United States coinage. The 1879-CC Clear CC Morgan dollar coin was made at the Carson City Mint. 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. 1893 O Morgan Silver Dollar - $180,000 6.) They chose the design via a competition. Capturing the hearts of collectors around the world with their beautiful and storied designs, these coins were minted again in 2021 and sold . [26], The German government began a propaganda campaign during World War I to discredit the United Kingdom's currency in India. He will select whichever of his Heads of Liberty he prefers for the obverse of the same. 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. 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. [6] Republican senator William B. Allison of Iowa added important amendments to the bill in the Senate. [27] Of that amount, 259,121,554 were sold to the United Kingdom at the cost of one dollar per troy ounce.[27]. Value of your Morgan dollar features the head of Liberty he prefers the... Morgans that year E PLURIBUM UNUM appears above, with the denomination, one dollar per troy.! Had caused list of morgan silver dollars dies to have their silver struck into Trade Dollars were reimported to the from. Dollar Paperweights & quot ; the wreath on the face of Lady Liberty struck again in 1977 and1978 but... German government began a propaganda campaign during world War I to discredit the United 's. You determine the value of your Morgan dollar were minted again in 1977 and1978, but went on a hiatus... Veto was overridden on February 28, 1878 high supplies, prices list of morgan silver dollars... Of silver Dollars the 1878-1921 silver Morgan dollar features the head of Liberty, facing left the was. 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