A coins population drives supply, so when there are high supplies, prices are usually lower when readily available. These are the last names of the experts who first documented the varieties. [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. Buy Bulk Morgan Silver Dollars (1878-1904) Online Morgan Silver Dollars were minted from 1878 until 1904, and again in 1921. Prices in USD Change. [8] His earliest pattern coins designed during his tenure at the Philadelphia Mint were intended for the half dollar. Her lips, nose and chin all show a doubling effect, which is why the coins nickname is Hot Lips. A mint, uncirculated version of the double-die Morgan dollar is worth $22,441. 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. By continuing to browse our site, you agree that you have read and understand our Privacy Policy. You're probably thinking: That's quite a wide range! [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. The 1901 Double Die Reverse, or Shifted Eagle, Morgan dollars were made at the Philadelphia Mint and dont bear a letter mark. More information about these products will be available in the upcoming weeks on our website and social media channels. They wanted to be ready when the time came. The Coinage Act of 1873 would discontinue the silver dollar and authorize the Trade Dollar, which carried different specifications and was intended primarily for export trade with Asia. Below are some general guidelines to help you determine the value of your Morgan dollar. The coins were polished and handled carefully to avoid being marked. Morgan Dollar The Morgan dollar, designed by George T. Morgan, was struck intermittently from 1878 to 1921. The large heavy coins minted in 90% silver featured Morgan's winning design, a visage of Liberty based on his friend and schoolteacher Anna Willess Williams. The obverse design depicts the likeness of President Dwight Eisenhower. The composition of the Morgan Silver Dollar contains 90% pure silver and 10% copper. The production of silver dollars would cease completely in 1904 since the government already held millions in storage which were not needed for circulation. [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. Prices, facts, figures, and populations deemed accurate as of the date of publication but may change significantly over time. We would encourage you to review our Payment Methods FAQ for simple answers to common payment-related questions. [39] Mint artist Joseph Menna made a new model for the reverse, employing a 1904 San Francisco-minted dollar as his model.[40]. [35] In total, the sales generated $107million in revenue. Most VAMs can only be seen under magnification, but a handful are visible with the naked eye. Through it all, the one constant factor was the Morgan Silver Dollar, which even then was respected for its beauty and silver heft. Actual market prices will vary slightly when you sell your coins. U.S. Mint records indicate that only ten Proof Trade Dollars were minted in 1884. Browse our website GovMint.com or call 1-800-642-9160 to see how Morgan Silver Dollars can enhance your coin collection today. 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). [9] In 1876, Morgan enrolled as a student at the Pennsylvania Academy of the Fine Arts to prepare to create a new Liberty head design. [26] The Germans convinced Indian citizens that British banknotes in that country could not be redeemed for silver. The 2021 Morgan Dollar is part of the Morgan and Peace Dollar Anniversary Coin Program. All rights reserved. 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. Essentially, its the centennial of the transition between minting two of the most famous coins issued by the United States Mint. 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. The coin was originally designed by George T. Morgan, and thus the name Morgan Dollars. In England, he had studied and worked for the Wyon family, best known for their minting of several American colonial coinage issues. Prices start at $29 for a coin in very good, circulated condition (VG-8) and go up to $20,000 (MS-65). If your Morgan dollar is a special variety, it will likely command a higher price. The Philadelphia Mint produced three versions: Buy the 2021 Morgan Dollar in the Mints online catalog. Numismatists have even traced the history of each VAM to the dies used to strike the coins. [15] Dies were eventually sent to the Western mints, arriving in both San Francisco and Carson City on April 16, 1878. 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. [10] In total, Morgan had five sittings with Williams; he declared her profile to be the most perfect he had seen. 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). 1901 Morgan Silver Dollar - $425,500 3.) Today only about 17% of original Morgan mintages are estimated to survive. 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. Choice of 2. This act restored silver as legal-tender. So you can multiply that times the current price of silver to find out the absolute minimum your coin should be . [2] Protests also came from bankers, manufacturers and farmers, who felt an increased money supply would have a positive impact. These locations were Carson City (CC), New Orleans (O), San Francisco (S), Denver (D) and Philadelphia (no mark). [18], The Denver Mint, established in 1906, struck the coins for only one year, in 1921. There was very little demand for dollar coins, however. AMS is a retail distributor of coin and currency issues and is not affiliated with the U.S. government. It should not be used or construed as investment advice. The designers initial, appearing as a single M, is found on the truncation of the neck. However, none were released to the public. The first Morgan Dollar coins were struck in 1878 at the Philadelphia Mint. E PLURIBUS UNUM is above Libertys head, with 13 stars below. In 1836, Congress re-established the Silver Dollar (with a slightly lighter weight of 26.73 grams), and by the 1840s, they were being issued for general circulation once again. This article is about the United States dollar coin. Free shipping for many products! 1878 Morgan Silver Dollar 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. 1893 O Morgan Silver Dollar - $180,000 6.) So which ones are worth the most valuable collectibles? "Hot Lips" Morgan dollar VAM. Prices start at $300 for a coin in very good, circulated condition (VG-8) and go up to $126,500. 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. Once again, legislation played a role in the silver supply chain because of the passage of the 1890 Sherman Silver Purchase Act. Fremantle, Deputy Master of the Royal Mint in London, requesting him to "find a first class die-sinker who would be willing to take the position of Assistant Engraver at the Mint at Philadelphia. Morgan. Keep in mind that these prices are only a general guide. 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. Bookmark this page (Ctrl+D) and come back to get the current melt value for this coin. 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. 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 Dollar Paperweights "1880 & 1904" . [6], Beginning in 1876, several bills were introduced in the House of Representatives in an effort to resume the free coinage of silver. At near 27 grams and an inch and a half in diameter this baby is large and heavy by modern day coin standards. There are seven stars appearing to the left of the portrait and six stars appearing to the right. Don't be the last to know about the latest deals The Nevada facility made 677,000 coins 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). In 1962, an individual redeemed a silver certificate and received a rare and valuable Morgan dollar in exchange. Morgan Silver Dollars all have .7735 ounces of silver in them. By this time, most Americans preferred to use paper money instead of carrying around heavy Silver Dollars. As a general rule, these coins had higher mintages. [13], Linderman desired to involve the western mints of San Francisco and Carson City in production in order to help reach the monthly quota necessary under the BlandAllison Act. Your browser is out of date. [14] Pressure was so great at the Philadelphia Mint that it halted production of all other coins and began operating overtime. The US Mint began striking Morgan Dollars again in 2021, initially as a commemorative to celebrate the 100th anniversary of the conclusion of the designs final usage, then as an annual release starting in 2023. The 1879-CC Morgan dollar coin was made at the Carson City Mint. Some of them have earned fascinating nicknames. Prices start at $95 for a coin in very good, circulated condition (VG-8) and go up to $6,000 for a coin in mint condition that has never been circulated. The Act had the additional impact of restarting the production of Morgan Dollar for a single year in 1921, when more than 80 million pieces were struck across three mint facilities. The design of the Peace Dollar was selected by the Commission of Fine Arts (CFA) from models submitted by a number of prominent sculptors. 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. CoinTrackers.com is an invaluable resource dedicated to helping the coin collector and silver community. If you have any questions about Morgan Silver Dollars, please don't hesitate to ask. 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). Latest Offers, Straight To Your Inbox. The original design was for that of a half dollar. Title Two of this Act and its various amendments authorized the Eisenhower Dollar Coin. In 1971, the Mint produced Eisenhower copper-clad and silver-clad dollars. Eventually, the silver supply dropped, and the U.S. government passed the Bland-Allison Act to reinstate a silver coin in 1878 and appointed the task to U.S. Mint Director Henry Linderman. Capturing the hearts of collectors around the world with their beautiful and storied designs, these coins were minted again in 2021 and sold . 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). The Philadelphia Mints 1895 proof production is believed to have consisted of only 12,000 coins. This hefty silver coin has enthralled American coin collectors for generations. This situation led to the Act of 1873 which eliminated the Silver Dollar from regular U.S. coinage altogether. This is important to know because certain mints produced less coins in a given year than others. Morgan silver dollars were 90 percent silver, one-dollar coins minted between 1878 and 1904, with a special one-off production in 1921 but their history goes back a bit further. 1889 CC Morgan Silver Dollar - $280,000 4.) Morgan silver dollars range in price from as low as $20 to as high as tens of thousands of dollars. The Mint produced the 2021 Morgan Dollar with an uncirculated finish in five versions of the reverse to recognize the Mint facilities that minted the original coin. There is a single small M at the base of Liberty's neck as a tribute to the designer, George T. Morgan. Its fine silver weight is 0.77344 troy oz. The middle of the S can be seen on this coin inside the O. Its unknown how many of these hybrids were struck. There is no known mintage limit, and mintage could not begin until after January 1, 2021.[41]. [16] During the second week of production, Linderman pointed out what he called a "slight imperfection" in the dies for the dollar. Approximately 300,000 1889-CC Silver Dollars were melted, ensuring 1889-CC survivors as one of the Key Dates in the Morgan Dollars series. However, the total melt value is continued below. It's updated every 15 minutes. Once unknown, these are now a favorite among collectors. The coin was from a bag of silver dollars in the vault of the Philadelphia Mint. 1921-1935: The silver dollar coins issued from 1921 to 1935 are commonly referred to as Peace silver dollars. Some of them have earned fascinating nicknames. In fact, it's only the fourth coin to reach the four-figure mark with a current list price of $4,100 in MS60 condition. It was minted one last time prior to World War II, with the passage of what was referred to as the Silver Purchase Act of 1934. Silver $25.16 ( +0.09) as of 04-12 08:03 AM EST. 2. Before the nation could truly benefit from this discovery, previous legislation demonetizing silver first had to be overcome. 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. The reverse shows an American eagle holding a clutch of arrows, with the words United States One Dollar. The new coins were called Morgan silver dollars after their designer. This variety is from the first year the Morgan dollar was issued. 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. 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. 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. For the best and most secure experience in our catalog, please update your browser. In fact, Silver Dollars circulated widely only in the sparsely-populated West, but in the rest of the country they were stockpiled in banks and U.S. Treasury Department vaults. (Gold and silver are measured in troy ounces.). 3- Peace Silver Dollars (1922,1923,1934) do NOT contact me with unsolicited services or offers. $20.1638 is the rounded silver value for the 1878-1921 silver Morgan dollar on April 13, 2023. Image source: VAMWorld. The Morgan Dollar Reverse Design features an eagle with wings outspread with the motto, IN GOD WE TRUST above. United States Mint All Rights Reserved. [24] Silver dollar production rose again,[19] until the bullion was exhausted in 1904, when it ceased. 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. About Morgan Silver Dollars Morgans are the most collected classic silver dollars in the world. [26] In response, United States Democratic senator Key Pittman of Nevada introduced legislation in 1918 that was intended to offer financial relief to the British government. This large, heavy, handsome, historic silver dollar was named after its designer, George Thomas Morgan, the 7th Chief Engraver of the U.S. Mint. The Bland-Allison Act gave birth to the Morgan silver dollar. 1893 S Morgan Silver Dollar - $550,000 2.) The ribbon which ties wreath together is another M for Morgan. When you buy Morgan Dollars at GovMint.com you can rest assured that you are buying authentic United States coinage. During the mid-1970s, the quarter, half dollar, and dollar coins underwent a design transformation for the nations upcoming bicentennial celebration. Morgan Dollars contain 26.73 grams of .900 fine silver and .100 copper for a total net weight of .77344 ounces of pure silver. For the best experience on our site, be sure to turn on Javascript in your browser. Morgans in these hoards were generally kept in bags, hence the "bag marks" you will find on Morgans today. The 1879-S Morgan dollar coin was also made at the San Francisco Mint. Problems became apparent when the price of silver dropped and many Trade Dollars were reimported to the United States. The vast majority were lost through melts or attrition. In 1921 production was resumed for one year only, with this year being the only one where the Denver mint was used, until 2021. This is why you should consult a numismatic expert to appraise the value of your coin when youre ready to sell. Only 1,000 of these coins still exist, and only 10 in mint, uncirculated condition. [21] The act, authored by Ohio senator and former Treasury secretary John Sherman, forced the Treasury to increase the amount of silver purchased to 4,500,000 troy ounces (140,000kg) each month. The 1891-O Morgan dollar coin was made at the New Orleans Mint. IT'S VERY POSSIBLE THESE COINS WILL SEE A SPIKE IN INTEREST AS SOON AS THE 2023 VERSION OF THE MORGAN AND PEACE DOLLARS ARE ISSUED LATER THIS YEAR do NOT contact me with unsolicited services or offers; post id: 7611015145. posted: 2023-04-16 10:54. 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. This was also one of the most exciting and turbulent periods in United States history, and Morgan was witness to dramatic changes taking place all around him - from the winning of the West to World War I, and from the Wright Brothers' flight to Babe Ruth taking the baseball world by storm. President Grover Cleveland responded to the situation by repealing the Sherman Silver Purchase Act. [8] Linderman contacted C.W. The 1888-O Morgan dollar coin was made at the New Orleans Mint. The 1894-O Morgan Dollar coin was made at the New Orleans Mint, and the Louisiana facility made roughly 9.7 million Morgan coins that year. High demand of these coins led to controversy over U.S. Mint ordering procedures and resulted in delays from the originally intended release dates. On September 22, 2020 the U.S. House of Representatives passed legislation to allow the minting of Morgan and Peace dollar coins in 2021, the 100-year anniversary of the transition from the Morgan to Peace dollar in order to "commemorate this significant evolution of American Freedom". Prices start at $150 for a coin in very good, circulated condition (VG-8), and go up to $38,000 for a coin in mint condition. The actual number may be greater than this, but in comparison with the number minted, that figure is staggering. Its fine silver weight is 0.77344 troy oz. Other varieties of the 1878 coin feature different numbers of tail feathers on the eagle. During this time, the United States went through many changes as the "Age of Technology" became a reality. Again, it will always depend on the exact condition of the coin. On July 23, 1965, President Johnson approved the Coinage Act of 1965, which removed silver from circulating coins and authorized that clad coins be used for the half dollar, quarter, and dime. [24] On June 13, 1898, Congress ordered the coining of all the remaining bullion purchased under the Sherman Silver Purchase Act into silver dollars. The Morgan Dollar is minted in 90% silver and 10% copper. This year also marks the 50th anniversary of the silver coin that would follow: the Eisenhower Dollar. The Royal Mint recommended Morgan - and after examining samples of Morgan's work, Linderman offered him the post of "Special Engraver" for $8 per day. The majority of Morgan Dollars found today can be linked to one of four major hoards. The Morgan dollar is a United States dollar coin minted from 1878 to 1904, in 1921, and beginning again in 2021. They recommended a mail bid sale. [24] Since the Treasury already had a surplus of silver dollars, minting of dollars dropped sharply beginning in 1892. [16] The reason for the changes was to reduce the relief of the designs and to change the number of tail feathers on the eagle from eight to seven; this was done because all prior United States coinage depicted the bald eagle as having an odd number of tail feathers. PCGS CoinFacts estimates survivals are less than 10% of the mintage. 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 . 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. [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. 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).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 . 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. Learn more. Some coins feature a CC or O privy mark in recognition of the historic Mint facilities in Carson City, NV and New Orleans, LA, respectively, where some of the original Morgan Dollars were minted. A list of linkable tags for topics mentioned on this page. The reverse (tails) depicts an eagle with outstretched wings clasping arrows and an olive branch, accompanied by a wreath. Even at this time, most Americans rarely saw a Silver Dollar in circulation, because most were held in bank vaults, exported, or melted for their precious silver bullion. It was also the first circulating silver dollar coin minted since 1935. In honor of the 100th anniversary of the last year of the. Five branches of the United States Mint manufactured Morgan Silver Dollars: Philadelphia, New Orleans, Carson City, San Francisco, and Denver (in 1921 only). Holding a Morgan in your hand takes you back to the Old West, reminiscent of Americas ingenuity and entrepreneurship. 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. Price guide excludes all proofs and special varieties. When demand and silver bullion supplies dropped as a result of this legislation, production of the Morgan Dollar was suspended in 1904 at all U.S. Mint facilities. [26], The German government began a propaganda campaign during World War I to discredit the United Kingdom's currency in India. Prices start at $2,430 for a coin in very good, circulated condition (VG-8), and go up to $300,000. [27] The bill, passed on April 22, 1918, stated that "sales of silver bullion under authority of this act may be made for the purpose of conserving the existing stock of gold in the United States, of providing silver for subsidiary coinage and for commercial use, and of assisting foreign governments at war with the enemies of the United States". [6] The bill was vetoed by President Rutherford B. In 1890, the Sherman Silver Purchase Act attempted to address this problem. Image source: CoinStudy. This iconic silver dollar represented the country's westward expansion and industrial development in the late 19th century. This coin marked the first time a portrait of a U.S. president was authorized to appear on a circulating dollar coin. Here is a list of values for every Morgan dollar minted from 1878 through 1904, as well as 1921. The 1893-CC Morgan dollar coin was made at the Carson City Mint. 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. Although Trade dollars were produced from 1873-1878, they were meant for circulation overseas and were not legal tender in America. Rare Collectibles TV offers the finest selection of Morgan dollars available.
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