The Morgan Silver Dollar is now available in XF (Extremely Fine) condition. Each coin has been struck in 90% pure silver and contains a total of ~.7734 troy ounces. These coins will be from years of our choice and will range from 1878-1904. Coins which have an XF grade are considered to have a light amount of wear which is most visible on only the highest points of the coin.
- Individual coins ship in plastic flips, multiples of 10 – 20 ship in tubes.
- TOTAL MINTAGE OF 570,247,299 COINS RELEASED BY THE UNITED STATES MINT!
- XF condition.
- Issued a face value of $1 (USD) by the United States government.
- The obverse features Lady Liberty as inspired by Anna Willess Williams.
- The reverse bears a depiction of the heraldic eagle of the United States.
- Design from George T. Morgan.
The late 19th century was a tumultuous time period for the economy of the United States, and the US Treasury suffered multiple setbacks in coin production as a result. A system of free silver coining, which required the Treasury to accept all silver it was presented and return it as coins, was put to an end by the Coinage Act of 1873. In the process, the Seated Liberty dollar ceased to exist. After multiple bills passed Congress trying to solve the problem, the Morgan Silver Dollar was born. Today, it is one of the most sought-after coins by collectors in America.
As Congress, the Treasury, and mining companies in the US grappled over silver coinage, the Treasury was eventually forced to buy a set amount of silver each month to produce silver coins. The initial deal that established these parameters, the Bland-Allison Act, was eventually repealed by the Sherman Silver Purchase Act. This deal required the Treasury to purchase set amounts of silver each month, but for one year.
The coin produced by the US Mint during this tumultuous time period was the Morgan Silver Dollar. Named for the US Mints Assistant Engraver, George T. Morgan, these silver dollars featured a left-profile image of Lady Liberty on one side and a bald eagle on the other. Morgan Silver Dollars were produced from 1878 until 1904. Production ended in 1904 because all of the silver purchased under the Sherman Silver Purchase Act had been depleted. There was a special, one-year minting in 1921 as well.
Morgans coin featured the image of Lady Liberty on the obverse side. Engraved above her head was the phrase E Pluribus Unum, while the year of minting was engraved below. On the reverse side, there was an image of a bald eagle with its wings outstretched. The eagle clasped an olive branch in one talon, and arrows in the other. Engraved above the eagles head was the phrase the United States of America, while One Dollar was engraved below.
The US Mint is responsible for the production of circulation and commemorative coinage for the federal government. Morgan Silver Dollars were produced at the Philadelphia, Carson City, San Francisco, New Orleans, and Denver mints over the years. Today, the Morgan Silver Dollar is available in extra fine condition.
If you have questions, please don’t hesitate to ask Wall Street Metals. Our associates are available at 1-800-632-4154, online using our live web chat, and via email.