Title Two of this Act and its various amendments authorized the Eisenhower Dollar Coin. SIGN UP FOR EMAIL UPDATES AND TEXT MESSAGE ALERTS ABOUT PRODUCTS. The value of collectible Morgan silver dollars varies widely, with some fetching as much as $300,000. The Nevada facility made 677,000 coins that year. Since this coin's inception it has become one of the most popular silver dollars in America. It now only shows the 10 most valauble Morgans. The Morgan Silver Dollar is one of the most famous and most highly collected U.S. coins of all time. The coin was designed by U.S. Mint Chief Engraver Frank Gasparro. some of the last surviving "Morgans" still in existence in all the world. The House bill allowed Free Silver; one of Allison's amendments struck that provision. Prices start at $350 for a coin in very good, circulated condition (VG-8) and go up to $25,300 for a coin in mint condition that has never been circulated, with a high-quality silver luster (MS-65). Proof-like 1895-O Morgan dollar (reverse). The dollars were produced every year between 1878 and 1904 at a total of four different mints. Prices for an 1894-O Morgan dollar start at as low as $50 but can go for up to $40,000. Silver mining in the United States, mainly the Comstock Lode (1859), is the catalyst that gave silver dollar coinage its heyday. The 1879-CC Clear CC Morgan dollar coin was made at the Carson City Mint. The middle of the S can be seen on this coin inside the O. Its unknown how many of these hybrids were struck. So which ones are worth the most valuable collectibles? Since the Pennsylvania facility only made 110,000 silver dollars in 1894, these coins are considered the second rarest of all Morgan dollars and are often forged from less valuable 1894 dollars. Bag marks are caused from the coins coming into contact with each other. Before we can talk about the most valuable Morgan silver dollars, we wanted to give you a bit more insight into the production of these coins. 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. The additional inscriptions UNITED STATES OF AMERICA and ONE DOLLAR appear surrounding, separated by stars. [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. Depending on the date and mintmark, prices for a coin can range from about $30 to $10,000 or more. So you can multiply that times the current price of silver to find out the absolute minimum your coin should be . size: Ball is 3 inches in diameter / Stand is 2.5 inches by 2.5 inches [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. [8] Linderman contacted C.W. [2] Protests also came from bankers, manufacturers and farmers, who felt an increased money supply would have a positive impact. The 1888-O Morgan dollar coin was made at the New Orleans Mint. SIGN UP FOR EMAIL UPDATES AND TEXT MESSAGE ALERTS ABOUT PRODUCTS. As far as Morgan and the rest of the nation was concerned, the era of the Silver Dollar had come to an end. In order to satisfy the Pittman Act, production of the Morgan Dollar resumed in 1921 at Philadelphia, San Francisco, and for the first time Denver. The design of the Peace Dollar was selected by the Commission of Fine Arts (CFA) from models submitted by a number of prominent sculptors. This situation led to the Act of 1873 which eliminated the Silver Dollar from regular U.S. coinage altogether. It requires the Secretary of the Treasury to mint and issue $1 silver coins in recognition of the 100th anniversary of completion of coinage of the Morgan Dollar and the 100th anniversary of commencement of coinage of the Peace Dollar. [23] The act also received support from mining interests because such large purchases would cause the price of silver to rise and increase their profits. There are also Semi-Key Dates or simply Semi-Keys that are the next level of difficult-to-obtain coins after Keys.. The coins were polished and handled carefully to avoid being marked. We would encourage you to review our Payment Methods FAQ for simple answers to common payment-related questions. There, he continued to learn under the watchful eye of the legendary English engraver, Leonard Charles Wyon. Our price of $39.00 each is guaranteed $50-$65 lower than several leading national retailers. The Morgan dollar is a United States dollar coin minted from 1878 to 1904, in 1921, and beginning again in 2021. Only 1,000 of these coins still exist, and only 10 in mint, uncirculated condition. Morgan Dollar (1878-1921) Auction Prices Population CoinFacts Photograde Set Registry. Born in 1845, Morgan attended the Birmingham Art School before winning a scholarship to the prestigious South Kensington Art School in London. The first Morgan Dollar coins were struck in 1878 at the Philadelphia Mint. In total, the number of coins that have survived to this day are small. The composition of the Morgan Silver Dollar contains 90% pure silver and 10% copper. The 1879-S Morgan dollar coin was also made at the San Francisco Mint. [10] Morgan's friend, artist Thomas Eakins, suggested he use Anna Willess Williams of Philadelphia as a model. Dollars. "[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. Consequently, this coin has the highest number of forgeries. High demand of these coins led to controversy over U.S. Mint ordering procedures and resulted in delays from the originally intended release dates. [33] The demand to exchange silver certificates for silver dollars was so great that lines formed outside of the Treasury Building in Washington, D.C. Most passed through the U.S. economy when a 90% silver dollar was a day's pay for many Americans. These varieties are commonly known as VAMs. Today, Morgans range considerably in value. 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 . Morgan Silver Dollars were issued from 1878-1904, and then again for a final year in 1921. The Nevada facility made 756,000 of these double-stamped Morgans in 1879. [27] Of that amount, 259,121,554 were sold to the United Kingdom at the cost of one dollar per troy ounce.[27]. Buy Bulk Morgan Silver Dollars (1878-1904) Online Morgan Silver Dollars were minted from 1878 until 1904, and again in 1921. 246, 248), the obverse features a profile of Lady Liberty, and the reverse features a heraldic eagle. Morgan Silver Dollar (1878-1921) Produced for more than 40 years, the Morgan Silver Dollar was in circulation longer than any other. Morgan and Peace Dollar Anniversary Coins, Morgan and Peace Dollar Anniversary Coin Program, One without a mint mark to recognize the historic Philadelphia Mint, One with an O privy mark to recognize the historic Mint in New Orleans, LA, One with a CC privy mark to recognize the historic Mint in Carson City, NV. "[36] Congress supplied the General Services Administration with $10 million to market the dollar coins. The designers initial, appearing as a single M, is found on the truncation of the neck. [30] The change in design was actually authorized under an 1890 act of Congress,[31] which stated: But no change in the design or die of any coin shall be made oftener than once in twenty-five years from and including the year of the first adoption of the design, model, die, or hub for the same coin: Provided, That no change be made in the diameter of any coin: And provided further, That nothing in this section shall prevent the adoption of new designs or models for devices or emblems already authorized for the standard silver dollar and the five-cent nickel piece as soon as practicable after the passage of this act. It should not be used or construed as investment advice. 3- Peace Silver Dollars (1922,1923,1934) do NOT contact me with unsolicited services or offers. However, the coins reverse underwent a more extensive change. Latest Offers, Straight To Your Inbox. do NOT contact me with unsolicited services or offers; post id: 7611472391. posted: 2023-04-17 15:11. That makes them less expensive than their counterparts from other mints. In mid-1876, Morgan's career took an unexpected turn. Items 1 - 12 of 110 Sort By [35] The coins were sorted and mounted in small plastic display cases. This massive melt had a significant impact on the rarity and availability of certain issues of the Morgan Dollar series. 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. Many have a proof-like surface and they are typically well struck. [24] The act was repealed on November 1, 1893. Linderman also ordered Pollock to "instruct Mr. Barber to prepare a reverse die for a dollar with a representation of an eagle as well as the inscriptions required by law. [6] The bill was vetoed by President Rutherford B. [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). We offer free shipping on orders of $149 or more and have a 30-day return policy for all non-bullion items. The reverse (tails) depicts an eagle with outstretched wings clasping arrows and an olive branch, accompanied by a wreath. In other words, who owned the coin before? As a result, in 1873, the Coinage Act stopped the production of silver coins in the United States. Prices start at $20 for a coin in very good, circulated condition (VG-8) and go up to $300,000 for a coin in mint condition. 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. In this case, the effect is most obvious on Lady Liberty's lips. There is a single small M at the base of Liberty's neck as a tribute to the designer, George T. Morgan. Actual market prices will vary slightly when you sell your coins. This means the coin is worth $19.35 based off its silver content alone. The obverse depicts a profile portrait representing Liberty, modeled by Anna Willess Williams, while the reverse depicts an eagle with wings outstretched. Peace Dollars were available beginning later in the same year. This year, the Mint brings those two famous designs back to collectors as a result of the 1921 Silver Dollar Coin Anniversary Act (Public Law 116-286). $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's a rundown on the most rare and valuable Morgan dollars, how many were made, and what they're worth: 1878-CC Morgan dollar, 2,212,000 minted; $110+ 1879-CC Morgan dollar, 756,000 minted; $275+ 1880-CC Morgan dollar, 495,000 minted; $220 1881-CC Morgan dollar, 296,000 minted; $400+ 1882-CC Morgan dollar, 1,133,000 minted; $105+ 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. However, the Act also required silver to be purchased in order to manufacture new silver coins to replace the melted ones. 1901 Morgan Silver Dollar - $425,500 3.) [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. The 1884 Proof Trade Dollar is the second lowest mintage of any Trade Dollar. 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. The "Hot Lips" VAM is the result of a mint error known as a doubled die. They chose the design via a competition. The new silver dollars would feature a design by George T. Morgan, an English-born immigrant. The 2021 Morgan Dollar is part of the Morgan and Peace Dollar Anniversary Coin Program. 1893 S Morgan Silver Dollar - $550,000 2.) Six months later nearly 25 million Peace Dollars had been minted. This is the rarest of all Morgan dollars, as only 100,000 were produced in the California facility that year. Prices for a 1894 unmarked Morgan Dollar start at $1,200 for a coin in very good, circulated condition (VG-8) and go up to $45,250 for a coin in mint condition that has never been circulated, with a high-quality silver luster (MS-65). Many other less-famous dates had lower mintages, but many 1889-CC Silver Dollars had an early demise. The next year, New Orleans joined in, and, like San Francisco and Philadelphia, would manufacture Morgan Dollars through 1904. All purchases are expressly conditioned upon your acceptance of our Terms and Conditions; to decline, return your purchase pursuant to our Return Policy. $20.1638 is the rounded silver value for the 1878-1921 silver Morgan dollar on April 13, 2023. [4] Under the act, bullion producers were allowed to bring bullion to the mints in order to be cast into bars or coined into the newly authorized trade dollars for a small fee. It represented the countrys westward expansion and industrial development in the late 19th century. It also included verbiage stating that the government would mint 2 million silver dollars per month, leading to the origin of the Morgan Silver Dollar. Bullion depositors also began to have their silver struck into Trade Dollars, which they would distribute at a discount to face value. The Pennsylvania facility made over 6 million silver dollars that year. Coin grading is the expression of an opinion that describes the condition of an individual coin that most dealers and collectors would agree with. The US Mint then released order information for both dollars, priced at $85 apiece. Some coins also display proof-like or deep mirror proof-like qualities, adding another dimension to collecting the series. [15] Dies were eventually sent to the Western mints, arriving in both San Francisco and Carson City on April 16, 1878. Your browser is out of date. The 1881-S is the most available Morgan dollar in mint state from the years 1878 to 1904. Image source: Chalkboard Champions. [26], The German government began a propaganda campaign during World War I to discredit the United Kingdom's currency in India. Uncirculated silver Morgan dollar coins garner the highest prices. The ribbon which ties wreath together is another M for Morgan. The eagles talons grasp an olive branch and three arrows. Linderman held a competition for the design of a new silver dollar, which was won by English engraver, George Morgan. Minted in 1975 and 1976, the Bicentennial Dollars obverse was akin to the Eisenhower Dollar, with the exception of the dual-date addition of 1776-1976. For the best experience on our site, be sure to turn on Javascript in your browser. JavaScript seems to be disabled in your browser. In 1921, the Mint redesigned the Morgan dollar. In late 1877, the Mint Director Henry Linderman instructed both Morgan and Barber to prepare dies for a silver dollar. Capturing the hearts of collectors around the world with their beautiful and storied designs, these coins were minted again in 2021 and sold . They wanted to be ready when the time came. 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. You won't find a "P" anywhere on the coin. [13] This piece was given to President Hayes; the second and third were given to Secretary of the Treasury John Sherman and Mint Director Henry Linderman. So if there is no mintmark, you'll know your coin comes from Philadelphia. Prices for an O over S Morgan dollar start at $44 for a coin in good but worn condition (G-4) and go up to $45,576 for a coin in mint condition that has never been circulated (MS-65). Today only about 17% of original Morgan mintages are estimated to survive. When he came to the United States in 1876, he was hired as the assistant engraver of William Barber and started working on a number of patterns for the half dollar. It is highly sought after by collectors and investors alike. Consult the latest NGC Census Data for Morgan Silver Dollar populations. CoinTrackers.com is an invaluable resource dedicated to helping the coin collector and silver community. Top 10 Most Valuable Morgan Silver Dollars. These are the top 30 most valuable Morgan silver dollars, according to USA Coin Book and Coin HelpU. Shop at: APMEX David Lawrence L&C Coins Collectors Corner eBay U.S. In October 1889, Morgan Dollars once again began rolling off the mints presses, but only 350,000 coins were struck in the last three months of that year due to maintenance issues. This led to a run on the British supply of silver. We offer reliable real coin melt conversions and hand written stats on each and every coin in our database. Today, the Morgan Silver Dollar is one of the most colorful and treasured relics of Americas western frontier, and an inspirational coin that collectors are drawn to because of their historical significance. The New Orleans Mint made only 300,000 of the 1893-O Morgan dollar coins, which makes them one of the rare coins on this list. Morgan Dollar, MS | Morgan Dollar, PR | Morgan Dollar, SP. [17] The New Orleans Mint began striking the new silver dollars in 1879. [10] For the representation of Liberty, Morgan sought to depict an American woman rather than the usual Greekstyle figures. Gasparros rendition of the Apollo 11 insignia, featured on the reverse of the coin, shows the bald eagle landing on the crater-pocked surface of the moon, an olive branch clutched in both claws. Expect to pay $175.00 to $225.00 for MS-65 (Gem BU) dollar. His design of Lady Liberty was modeled after Anna Willess Williams. Over the years, hundreds of millions of Morgan Dollars were melted. The 1896-O Morgan Dollar coin was made at the New Orleans Mint. Registered users receive faster checkout, enhanced order tracking options and special promotions. Of these, 500,000 used a reverse of the 1878 design, so the eagle and the arrows appear flatter. [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 Peace Dollar was struck from 1921-1928, at which point demand for the dollar was low, and the silver supply resulting from the Pittman Act ran out. [4] The act ended production of the standard silver dollar (then the Seated Liberty dollar, as designed by Christian Gobrecht) and provided for mintage of a silver trade dollar, which was intended to compete with Mexican dollars for use in the Orient. The Pittman Act, passed in 1918, authorized the melting and recoining of millions of silver dollars. Five branches of the United States Mint manufactured Morgan Silver Dollars: Philadelphia, New Orleans, Carson City, San Francisco, and Denver (in 1921 only). The 1892-O Morgan dollar coin was made at the New Orleans Mint, which used the O letter mark. Liberty wears a Phrygian cap with the word LIBERTY on her hair band and various agricultural elements intertwined, including stalks of wheat, bolls of cotton, and leaves of oak. In 1918, Congress passed the Pittman Act to replenish the government's reserves of silver bullion by officially melting millions of the Morgan Silver Dollars stored in Treasury vaults. 1893 O Morgan Silver Dollar - $180,000 6.) Linderman favored the designs created by Morgan and production of the new silver dollars would commence on March 11, 1878, about a week after the passage of the Bland-Allison Act. This marked the first time in our nations history that designs on circulating coins would honor an anniversary of Americas independence. The mintage on the coin was 12,760,000 and it is estimated that approximately half are still in mint state. Hayes. 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. Own the Beautiful & Classic Morgan Silver Dollar. The same quantity melted was required to be replaced with newly minted silver dollars struck with silver from other sources. 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. In December 1921, Treasury Secretary Andrew Mellon approved the Peace Dollar to replace the Morgan Dollar. The silver dollar drought almost ended in 1964, when new legislation allowed the Denver Mint to strike Peace Dollars. Click here for the full Morgan silver dollar price chart. Local coin sale only. These locations were Carson City (CC), New Orleans (O), San Francisco (S), Denver (D) and Philadelphia (no mark). The remaining quantity was simply held in storage. The Bland-Allison Act re-authorized the standard silver dollar to the weight and fineness as stated in the Act of January 18, 1837 (26.73 grams; .900 silver, .100 copper). Morgan Silver Dollars all have .7735 ounces of silver in them. Coins. Calculate 10% copper value : In the early 1960s, a large quantity of uncirculated Morgan dollars in their original bags were discovered in the Treasury vaults, including issues once thought rare. Minted from 1878 through 1921, it was originally and officially called the "Liberty Head Dollar" per the United States Mint. 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