Morgan Silver Dollars is a well-known name in the coinage of America. Morgan Dollars are silver coins minted in the United States of America between 1878 to 1904. After 1904 it was minted in 1921 for twelve months. It was given the name Morgan because of its designer George T. Morgan. He was a British artist who later became the Chief engraver of the US Mint.
History of Morgan Dollars:
The Morgan Dollar came to life by responding to the Bland-Allison Act of 1878. This act was passed to buy a large amount of silver and turn it into coins. The act made a compromise between those who wanted to run the United States of America with the aid of silver coins and those who wished to face gold requirements.
Morgan Dollar was minted in several cities in America including Philadelphia, New Orleans, San Francisco, and Carson City. It was manufactured from a good quality alloy of .900 and weighed 26.73 grams.
Design and Popularity: From Mint to Legend
The coin featured Lady Liberty on the obverse side and an eagle image on the reverse side. Due to its unique and attractive engraved features, Morgan Dollar became a popular collector choice. This turned Morgan Dollar into a beautiful collectible for collectors.
Some of the rarest and most expensive Morgan Dollars among collectors are 1884-S, 1878-CC, 1889-CC, 1893-S, 1895-S, and 1895-O. These can sell up to 10,000 Dollars in high grade and are highly prized by Collectors. Morgan Dollar is highly admired and collected because of its creative art and historical significance.
Interesting Facts about Morgan Dollars:
Here are some interesting facts about Morgan Dollars that will amaze you if you are a Collector:
- The Morgan Dollar was the first silver coin minted after the Coinage Act of 1873
- It was made to be a trade coin and used in international dealings.
- They were minted in bulk, and over 600 million coins were manufactured during production.
- They were melted in large quantities for their excellent quality silver when the government ordered them to buy silver coins at a premium price.
- George T. Morgan designed the Original Morgan Dollar, which underwent alteration many times.
FAQ’s:
Q1: How do you check the authentication of a Morgan Dollar?
To check the authenticity of a Morgan Dollar, you can measure its weight or diameter. If the Dollar has a PCGS seal, it also indicates its authenticity.
Q2: How Much Can a Morgan Dollar Cost?
Depending on its condition, grade, and year, it can cost from 200$ to 10,000$.
Q3: Why is Morgan Dollars a fortune nowadays?
Because of their attractive features and historical significance, Morgan Dollars are considered a valuable investment among collectors.
Q4: What Year of Morgan Dollars are most valuable?
Morgan Dollars of 1884-S, 1878-CC, 1889-CC, and 1893-S, 1895-S, 1895-O are most valuable.
Q5: What are Morgan Dollars made of?
The Classic Morgan Dollars are made of 90% pure silver, but the new Morgan Dollars were minted in 99.9% pure silver and have a special mark for New Orleans (O) and Carson City (CC).
