Proof-like 1895-O Morgan dollar (reverse). Prices in USD Change. They chose the design via a competition. The coin is named for its designer, George T. Morgan. [6] Republican senator William B. Allison of Iowa added important amendments to the bill in the Senate. The eagle is clutching both an olive branch and 3 arrows in its talons, symbolizing peace, yet readiness for war. The 1894-S Morgan dollar coin was made at the San Francisco Mint, which used the S letter mark. [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. Morgan Silver Dollars all have .7735 ounces of silver in them. 1896 O Morgan Silver Dollar - $140,000 [39] Mint artist Joseph Menna made a new model for the reverse, employing a 1904 San Francisco-minted dollar as his model.[40]. GovMint.com is a brand of Asset Marketing Services, LLC (AMS). The composition of the Morgan Silver Dollar contains 90% pure silver and 10% copper. 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. The 1896-O Morgan Dollar coin was made at the New Orleans Mint. [28] During the same year, the Peace dollar was first issued to commemorate the end of World War I. Non-proof varieties are accounted for in annual mintage totals. The Pennsylvania facility made over 6 million silver dollars that year. A list of linkable tags for topics mentioned on this page. In 1879, the California facility produced 8.6 million Morgan dollars in total. As a result, over 270,000,000 Morgan Dollars were melted - almost half the entire mintage from 1878-1904. [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. 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. In 1894, the California facility produced 1.26 million Morgan dollars in total. The "Hot Lips" VAM is the result of a mint error known as a doubled die. The mintage on the coin was 12,760,000 and it is estimated that approximately half are still in mint state. Prices for these special Morgan dollars start at $17,000 for a coin in very good condition (VG-8) and go up to $80,000 for one in mint, uncirculated condition (MS-65). A fracture in the die used to strike these coins left a prominent raised line on Lady Liberty's cheek. By this time, most Americans preferred to use paper money instead of carrying around heavy Silver Dollars. When you buy Morgan Dollars at GovMint.com you can rest assured that you are buying authentic United States coinage. Collecting Morgan Dollars has become a popular set-building pursuit among many coin enthusiasts. Ironically enough, the same act that gave birth to the nations newest dollar coin also authorized the sale of one of its predecessors2.8 million Morgan Dollars (minted at the Carson City Mint) stored in U.S. Treasury Department vaults. For the best experience on our site, be sure to turn on Javascript in your browser. [25] In June of that year, President Grover Cleveland, who believed that the Panic was caused by the inflation generated by the Sherman Silver Purchase Act, called a special session of Congress in order to repeal it. In mid-1876, Morgan's career took an unexpected turn. The 2021 Morgan Dollar is part of the Morgan and Peace Dollar Anniversary Coin Program. It is highly sought after by collectors and investors alike. Our price of $39.00 each is guaranteed $50-$65 lower than several leading national retailers. This led to a run on the British supply of silver. Thank you for signing up with United States Mint! The Nevada facility made 756,000 of these double-stamped Morgans in 1879. So you can multiply that times the current price of silver to find out the absolute minimum your coin should be . The 1879-CC Clear CC Morgan dollar coin was made at the Carson City Mint. Numismatists have even traced the history of each VAM to the dies used to strike the coins. Linderman held a competition for the design of a new silver dollar, which was won by English engraver, George Morgan. [4] Trade dollars initially held legal tender status, but it was revoked in 1876 to prevent bullion producers from making a profit by coining silver into trade dollars when the value of the metal was low. Coins made for commerce ended in 1878 with the introduction of the Morgan silver dollar. Silver mining in the United States, mainly the Comstock Lode (1859), is the catalyst that gave silver dollar coinage its heyday. This massive melt had a significant impact on the rarity and availability of certain issues of the Morgan Dollar series. These are important dates in time and or mint locations that have created what are considered to be more desirable coins that collectors are willing to pay a premium for. 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. Some people in line were pushing wheelbarrows. Title Two of this Act and its various amendments authorized the Eisenhower Dollar Coin. This article is about the United States dollar coin. They wanted to be ready when the time came. The reverse design depicts an eagle perched on a mountain top, holding an olive branch in its talons, witnessing the dawn of a new day. It was the first standard silver dollar minted since the passage of the Coinage Act of 1873, which ended the free coining of silver and the production of the previous design, the Seated Liberty dollar. The obverse design depicts the likeness of President Dwight Eisenhower. New York sculptor Anthony de Francisci's imagery won a competition for the . The goal is to complete, or nearly complete a set of Morgan Silver Dollars by date or mintmark. [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. No silver dollar coins were minted in the U.S. from 1905-1920. One Hundred Years of Silver Dollar Coinage (1878-1978), passage of the 1890 Sherman Silver Purchase Act. Each branch corresponds to a mintmark. Learn How to Grade Morgan Silver Dollars 1893 O Morgan Silver Dollar - $180,000 6.) In 1921, the Mint redesigned the Morgan dollar. 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. Morgans were minted in Philadelphia (no mint mark), San Francisco (S), New Orleans (O), Carson City (CC) and Denver (D), and carry the U.S. branchs specific mint marks except for Philadelphia struck issues. These famous silver dollars were struck from 1878 through 1904 and once more in 1921. Image source: Chalkboard Champions. 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. One leading authentication service estimates that they have seen 1.4 million of these historic silver dollars. However, the Act also required silver to be purchased in order to manufacture new silver coins to replace the melted ones. 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. The landscape would change once again with the passage of the Pittman Act in 1918. [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). Your browser is out of date. [24] The act was repealed on November 1, 1893. At the same time, legislation was also being worked to remove silver from coins because of the ongoing shortage. The price chart above is provided for general information purposes. SIGN UP FOR EMAIL UPDATES AND TEXT MESSAGE ALERTS ABOUT PRODUCTS. Each coin shipped in October 2021. In 2021, the U.S. Mint re-issued the Morgan Dollar in honor of its last year of minting 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. It's the most valuable of the silver coins the United States has minted in the late 1800's and early 1900's partly because of it's size, and silver content. 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. Of these, 500,000 used a reverse of the 1878 design, so the eagle and the arrows appear flatter. 16 languages Edit The Morgan dollar is a United States dollar coin minted from 1878 to 1904, in 1921, and beginning again in 2021. Prices start at a mere $35 for a coin in very good, circulated condition but can fetch up to $125,000 for a coin in mint condition that has never been circulated, with a high-quality silver luster (MS-65). House Bill 6192 (2021 Silver Dollar Coin Anniversary Act) allows production of Morgan and Silver dollars at 26.73g and no less than 90% silver (24.057g = 0.7735 oz t). 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. The theme of "peace" was a celebration of the end of the First World War. The mint mark, if present, appears on the reverse above between D and O in "Dollar". It marked the first $1 coin issued in the U.S. in five years (aside from the "Trade dollar"). Local coin sale only. Prices start at $2,430 for a coin in very good, circulated condition (VG-8), and go up to $300,000. These hoards are known as the Treasury Hoard, the Redfield Hoard, the Continental Bank Hoard and the Casino Hoards. size: Ball is 3 inches in diameter / Stand is 2.5 inches by 2.5 inches Due to the high original Morgan Dollar mintages, many issues are readily available even in gem grades. Morgan dollar, proof coins were made in small, limited productions and given special care. They recommended a mail bid sale. The abbreviation comes from "Van Allen Mallis." You can view ourreturn policyhere. The CFA chose the work of notable Italian American artist Anthony de Francisci. [35] In total, the sales generated $107million in revenue. Our guide will show you which coins are common and which coins are rare. 1921-1935: The silver dollar coins issued from 1921 to 1935 are commonly referred to as Peace silver dollars. 1895 O Morgan Silver Dollar - $165,000 7.) By the early 1900s the Comstock Lode was exhausted and the silver bullion supply ran out. Rare Collectibles TV offers the finest selection of Morgan dollars available. This stands for proof-like, meaning the coin has mirrored surfaces. [35] The coins were sorted and mounted in small plastic display cases. Supply and demand moves all markets, and with the Morgan Dollar, availability and demand drives pricing. Beginning in the 1970s, the Treasury conducted a sale of silver dollars minted at the Carson City Mint through the General Services Administration. Prices, facts, figures, and populations deemed accurate as of the date of publication but may change significantly over time. Price Guide. 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. This is the rarest of all Morgan dollars, as only 100,000 were produced in the California facility that year. The middle of the S can be seen on this coin inside the O. Its unknown how many of these hybrids were struck. 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. Items 1 - 12 of 110 Sort By The 1897-O Morgan dollar coin was made at the New Orleans Mint and was one of about 4 million Morgan coins manufactured that year. Their artistic excellence and craftsmanship represented the aspirations of a country evolving into a world power. Image source: CoinStudy. The 1887-O Morgan dollar coin was made at the New Orleans Mint. Learn more. 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. We would encourage you to review our Payment Methods FAQ for simple answers to common payment-related questions. 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. [30] The Peace dollar was supposedly minted to replace the Morgan dollar under the terms of the Pittman Act but without congressional authorization, despite the fact that the Act did not describe the coin design. The 1892-O Morgan dollar coin was made at the New Orleans Mint, which used the O letter mark. From 1971-1974, the new dollar was minted with two different compositions: one for collectors, as an alloy of 800 parts of silver and 200 parts of copper, at the San Francisco Mint; the other for circulation (75% copper and 25% nickel), at the Philadelphia, Denver, and San Francisco Mints. Another coin that was made at the San Francisco Mint, the 1896-S Morgan dollar coin is one of 5 million Morgan coins made in the California location that year. 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 late 1877, the Mint Director Henry Linderman instructed both Morgan and Barber to prepare dies for a silver dollar. These large Silver coins are known for their value, quality of strike, design and beauty. It represented the country's westward expansion and industrial development in the late 19th century. [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". Expect to pay $175.00 to $225.00 for MS-65 (Gem BU) dollar. The Pittman Act also required the government to purchase more silver to replace the melted coins, so the Morgan Silver Dollar was briefly revived one more time in 1921 until it was replaced later in the year with the Peace Silver Dollar. All purchases are expressly conditioned upon your acceptance of our Terms and Conditions; to decline, return your purchase pursuant to our Return Policy. In 1890, the Sherman Silver Purchase Act attempted to address this problem. Prices derived from NGC Coin Explorer, PCGS Coin Facts, and USA CoinBook. 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. CoinTrackers.com is an invaluable resource dedicated to helping the coin collector and silver community. 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). $20.1638 is the rounded silver value for the 1878-1921 silver Morgan dollar on April 13, 2023. The 1890-CC Morgan dollar coin was made at the Carson City Mint, which used the double C letter mark. In 1921 production was resumed for one year only, with this year being the only one where the Denver mint was used, until 2021. Collectors are drawn to the large size, classic design, and relatively robust availability. The House bill allowed Free Silver; one of Allison's amendments struck that provision. In England, he had studied and worked for the Wyon family, best known for their minting of several American colonial coinage issues. The Deputy Master of The Royal Mint received a letter from the Director of the U.S. Mint in Philadelphia, H.R. Calculate 10% copper value : Morgan silver dollars range in price from as low as $20 to as high as tens of thousands of dollars. Again, it will always depend on the exact condition of the coin. The "PL" designation also adds collectible appeal to any silver coin. 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. The model for Liberty is believed to be Philadelphia schoolteacher Anna Willess Williams, who had sat for Morgan on several occasions. 1893 O Morgan Silver Dollar - $180,000 6.) The obverse (heads) features Liberty in profile. Morgan Silver Dollars were minted continuously from 1878 until 1904. Own the Beautiful & Classic Morgan Silver Dollar. [37] In total, 100,000gold and 500,000silver commemorative coins were authorized. For the best experience on our site, be sure to turn on Javascript in your browser. These coins were minted from 1878-1904 and then in 1921. The Philadelphia Mints 1895 proof production is believed to have consisted of only 12,000 coins. It was also the first circulating silver dollar coin minted since 1935. From 1878 to 1904, and again in 1921, 657 million Morgan Dollars were produced in 96 different date-and-mint combinations, over the 27 years of Morgan production. The design of the Peace Dollar was selected by the Commission of Fine Arts (CFA) from models submitted by a number of prominent sculptors. Popular Morgan Dollars If your Morgan dollar is a special variety, it will likely command a higher price. Morgan dollars were struck at five U.S. mints - Philadelphia, New Orleans, Carson City, Denver and San Francisco - and the series has many key-date issues and exciting, sought-after varieties. Since the New Orleans Mint relied on silver coin production for business, this ultimately led to its shutdown as a Mint facility. and new product arrivals. The remaining quantity was simply held in storage. Buy Morgan Silver Dollars Online. 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 . (adsbygoogle = window.adsbygoogle || []).push({}); Checkout Top 10 Most Valuable Morgan Silver Dollars or get the full Linderman, asking if he knew of someone who could fill the position of Assistant Engraver of the U.S. Mint. All rights reserved. Prices start at only $29 for a coin in very good, circulated condition and go up to $150,000 for a coin in mint condition that has never been circulated, with a high-quality silver luster (MS-65). As far as Morgan and the rest of the nation was concerned, the era of the Silver Dollar had come to an end. However, none were released to the public. In this case, the effect is most obvious on Lady Liberty's lips. The Nevada facility made 2.3 million coins that year. Morgans in these hoards were generally kept in bags, hence the "bag marks" you will find on Morgans today. It was the first standard silver dollar minted since the passage of the Coinage Act of 1873, which ended the free coining of silver and the production of the previous design, the Seated Liberty dollar. [35] Legislation was passed on December 31, 1970 directing the Treasury to transfer the silver dollars to the Administrator of General Services who was given the responsibility for marketing and selling the coins. 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. It depends on their condition and the date they were minted, among other factors. [13] The first acceptable strike, after adjustments to the press, was coined at 3:17p.m. at the Philadelphia Mint. This year marks the 100th anniversary of completion of coinage of the Morgan Dollar and the 100th anniversary of commencement of coinage of the Peace Dollar. Thus the pure silver content was 371.25 gr = 24.056 g = 0.7735 oz t.[20], Mintage of the Morgan dollar remained relatively steady until the passage of the Sherman Silver Purchase Act on July 14, 1890. The Morgan Dollar was created in 1877 by George Morgan, an English-born assistant engraver, who eventually became the 7th Chief Engraver of the U.S. Mint. However, the coins reverse underwent a more extensive change. Due to a bad die, the coins were struck twice with the mark, resulting in a doubled effect. AMS MAKES NO WARRANTIES, REPRESENTATIONS, OR PROMISES AS TO ITS PRODUCTS EXCEPT THOSE SET FORTH IN ITS TERMS AND CONDITIONS, AND NO IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS ARE MADE. 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. E PLURIBUS UNUM is above Libertys head, with 13 stars below. We invite you to compare and check numismatic . [18], The Denver Mint, established in 1906, struck the coins for only one year, in 1921. [29] Another provision of the Pittman Act authorized the U.S. to mint a replacement coin for every silver dollar melted. 2. The 1879-CC Morgan dollar coin was made at the Carson City Mint. 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. It represented the countrys westward expansion and industrial development in the late 19th century. These are the last names of the experts who first documented the varieties. [16] During the second week of production, Linderman pointed out what he called a "slight imperfection" in the dies for the dollar. The 1893-CC Morgan dollar coin was made at the Carson City Mint. Since 2012, dollar coins have only been minted and issued as numismatic items. 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. 1889 CC Morgan Silver Dollar - $280,000 4.) The dollars were produced every year between 1878 and 1904 at a total of four different mints. Prices start at $40 for this coin but can go as high as $10,000 for one in mint condition that has never been circulated, with a high-quality silver luster (MS-65). 1895 O Morgan Silver Dollar - $165,000 7.) JM Bullion customer service is available at 800-276-6508, online using our live chat, and through our email address. The ribbon which ties wreath together is another M for Morgan. The original design was for that of a half dollar. Heralded as best and most beautiful of all the Silver Dollar designs, the Morgan Silver Dollar was immediately embraced by U.S. citizens when it debuted in 1878. A list of linkable tags for topics mentioned on this page. This series may be the most common of all 19th-century U.S. coins. 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). Since this coin's inception it has become one of the most popular silver dollars in America. [2] Prior to enactment of the Coinage Act, silver could be brought to the mints and coined into legal tender for a small fee. Morgan Silver Dollars were issued from 1878-1904, and then again for a final year in 1921. Create an account with Govmint.com today. Following the celebration, the original design of the Eisenhower Dollar (single date and eagle reverse design) returned to circulation. You're probably thinking: That's quite a wide range! In other words, who owned the coin before? The obverse depicts a profile portrait representing Liberty, modeled by Anna Willess Williams, while the reverse depicts an eagle with wings outstretched. There, he continued to learn under the watchful eye of the legendary English engraver, Leonard Charles Wyon. The Pittman Act, passed in 1918, authorized the melting and recoining of millions of silver dollars. List of 10 Most Valuable Morgan Silver Dollars 1.) The new silver dollars would feature a design by George T. Morgan, an English-born immigrant. 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). Choice of 2. The Comstock Lode, a massive silver discovery in 1859, flooded the U.S. market with silver and caused the value of silver coins to drop. Depending on the date and mintmark, prices for a coin can range from about $30 to $10,000 or more. The 2021 Morgan Dollar is part of the Morgan and Peace Dollar Anniversary Coin Program. ADD TO CART *Prices will automatically update every minute Silver Price: $25.79 0.04 Fast Delivery Discreet Packaging This means the coin is worth $19.35 based off its silver content alone. Morgan Silver Dollar Price List, for an even large list of morgan vlaues. As a result, U.S. coins disappeared almost as fast as they were minted. 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. [3] With such a system in place, bullion producers could have silver coined into dollars when the intrinsic value of a silver dollar was lower than the face value, thus making a profit, flooding the money supply and causing inflation. The Hot Lips variety is not especially rare but it is highly collectible. [15] Dies were eventually sent to the Western mints, arriving in both San Francisco and Carson City on April 16, 1878. 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