Few coins in American history are more popular than the Morgan Silver Dollar. After a five-year hiatus in the production of silver dollar coins in the US, this inspiring design from a British citizen new to life in the US went on to become one of the most collectible and rare coins in American history. Today, the Morgan Silver Dollar Coin is available from the original production range with a VG+ grade courtesy of JM Bullion.
- Ships in a plastic flip to protect the coins condition.
- Mintage totaled 570,247,299 coins from 1878 to 1904 for circulation!
- Designed by George T. Morgan.
- Contains .77344 Troy Ounces
- Face value of $1 (USD) is fully backed by the US government.
- Obverse features the left-profile portrait of Liberty.
- Right includes the American bald eagle.
- Coins graded Very Good +.
Prior to 1873, Americans could bring in silver stores to the Treasury Department to be coined into US silver dollars. The Coinage Act of 1873 not only brought an end to the free coining of silver in the US, but also halted the production of American silver dollars. This resulted in the end of the use of the Seated Liberty Dollar design.
With passage of the Bland-Allison Act following 1873, silver mining interests failed to restore free silver coining in the US, but did manage to force the Treasury to commit to purchasing a set amount of silver each year to coin into dollars on a monthly basis. Rather than revive the Seated Liberty Dollar design, George T. Morgan was tasked with creating what would become known as the Morgan Silver Dollar.
On the obverse is the image of Lady Liberty in left-profile relief. The Morgan Silver Dollar was the first American coin to depict Liberty as an American woman, rather than using the previous Greek style to depict Liberty. Engravings on this face included the saying E Pluribus Unum, 13 stars, and the year of issue.
The reverse of all Morgan Silver Dollar coins featured the image of the American bald eagle with its wings spread wide and clutching arrows and an olive branch in its talons. Engravings on this face included the nation of issue, the national motto, and the coins face value.
Each of these Morgan Silver Dollar coins is from the original production period of 1878 to 1904. The Very Good grade is equivalent to a Sheldon Scale rating between 8 and 10, with a design worn with slight detail, and slightly clearer than worse conditions. The plus indicates a Very Good coin with exceptional eye appeal for the grade.
If you have questions, please dont hesitate to contact JM Bullion. Our customer service associates are available at 800-276-6508, online using our live chat, or via our email address.