The coins made by the Denver and San Francisco Mint facilities bear D and S mint marks, respectively. The quality of the strikes vary from strong to weak, depending on the year and mint. 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 . In response to economic conditions and pressure from the silver mining industry, the Bland-Allison Act was passed in 1878 to restore the standard silver dollar. 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. 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. Six months later nearly 25 million Peace Dollars had been minted. Title Two of this Act and its various amendments authorized the Eisenhower Dollar Coin. Many date and mintmark combination are worth well above minimum value. Essentially, its the centennial of the transition between minting two of the most famous coins issued by the United States Mint. The additional inscriptions UNITED STATES OF AMERICA and ONE DOLLAR appear surrounding, separated by stars. Top 30 Most Valuable Morgan Silver Dollars By Liz Sinclair, updated on October 25, 2022 CoinHelp 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. Keep in mind that these prices are only a general guide. Due to the high original Morgan Dollar mintages, many issues are readily available even in gem grades. These coins were minted from 1878-1904 and then in 1921. SIGN UP FOR EMAIL UPDATES AND TEXT MESSAGE ALERTS ABOUT PRODUCTS. L. no. The 1879-CC Clear CC Morgan dollar coin was made at the Carson City Mint. 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. Since the Treasury had destroyed the obsolete Morgan dollar dies in 1910, Morgan had to create an entirely new master die. No silver dollar coins were minted in the U.S. from 1905-1920. Our guide will show you which coins are common and which coins are rare. The 1879-S Morgan dollar coin was also made at the San Francisco Mint. Prices start at $29 for a coin in very good, circulated condition (VG-8) and go up to $20,000 (MS-65). This year also marks the 50th anniversary of the silver coin that would follow: the Eisenhower Dollar. Individuals began purchasing large quantities of the pieces at face value and then removed them from circulation through hoarding, and eventually the Treasury ceased exchanging silver certificates for silver coin. [25] The resulting bank runs and failures became known as the Panic of 1893. [35] Advertising consisted of posters and brochures distributed to post offices, banks and various financial institutions, as well as television documentaries. These are the top 30 most valuable Morgan silver dollars, according to USA Coin Book and Coin HelpU. Morgan Silver Dollar Price List, for an even large list of morgan vlaues. Morgan Silver Dollars all have .7735 ounces of silver in them. Instead, the BlandAllison Act was passed, which required the Treasury to purchase between two and four million dollars' worth of silver at market value to be coined into dollars each month. The 1892-O Morgan dollar coin was made at the New Orleans Mint, which used the O letter mark. Price guide excludes all proofs and special varieties. JavaScript seems to be disabled in your browser. 2021 100th Anniversary Coins. Silver mining in the United States, mainly the Comstock Lode (1859), is the catalyst that gave silver dollar coinage its heyday. Non-proof varieties are accounted for in annual mintage totals. [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. [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. [2] Protests also came from bankers, manufacturers and farmers, who felt an increased money supply would have a positive impact. In 1890, the BlandAllison Act was repealed by the Sherman Silver Purchase Act, which required the Treasury to purchase 4,500,000 troy ounces (140,000kg) of silver each month, but only required further silver dollar production for one year. Depending on the date and mintmark, prices for a coin can range from about $30 to $10,000 or more. The Mint Act of April 2, 1792 made it possible for the United States to strike its own coinage. The "PL" designation also adds collectible appeal to any silver coin. Five branches of the United States Mint manufactured Morgan Silver Dollars: Philadelphia, New Orleans, Carson City, San Francisco, and Denver (in 1921 only). In 2006, Morgan's reverse design was used on a silver dollar issued to commemorate the old San Francisco Mint building. PCGS CoinFacts estimates survivals are less than 10% of the mintage. [6] The bill was vetoed by President Rutherford B. List of 10 Most Valuable Morgan Silver Dollars 1.) At near 27 grams and an inch and a half in diameter this baby is large and heavy by modern day coin standards. JM Bullion customer service is available at 800-276-6508, online using our live chat, and through our email address. U.S. Mint records indicate that only ten Proof Trade Dollars were minted in 1884. The 1893-S Morgan dollar coin was made at the San Francisco Mint. The reverse (tails) depicts an eagle with outstretched wings clasping arrows and an olive branch, accompanied by a wreath. 1893 O Morgan Silver Dollar - $180,000 6.) Minted from 1878 through 1921, it was originally and officially called the "Liberty Head Dollar" per the United States Mint. This iconic silver dollar represented the country's westward expansion and industrial development in the late 19th century. Capturing the hearts of collectors around the world with their beautiful and storied designs, these coins were minted again in 2021 and sold . 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. 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. The Nevada facility made 2.3 million coins that year. Many other less-famous dates had lower mintages, but many 1889-CC Silver Dollars had an early demise. The original design was for that of a half dollar. Here are a few of the most popular VAM Morgan silver dollars. None have ever been as popular as the iconic Morgan or Peace Dollars. 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. ADD TO CART *Prices will automatically update every minute Silver Price: $25.79 0.04 Fast Delivery Discreet Packaging [10], On October 18, 1877, Linderman requested Superintendent of the Philadelphia Mint James Pollock to "instruct Mr. Morgan to prepare without delay, dies for a silver dollar, the designs, inscriptions, and arrangement thereof to be the same as the enclosed impression for the Half Dollar and numbered '2' substituting the words 'one dollar' in place of 'half dollar'". 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. All rights reserved. This new coin would be commonly referred to as the Morgan Dollar, since it was designed by George T. Morgan (who, from 1917-1925, would serve as chief engraver). The store will not work correctly in the case when cookies are disabled. "[12], Production of the coins did not commence until March11, more than a week after the passage of the BlandAllison Act. 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+ Though a large number of Morgan Dollars were minted, two major pieces of legislation affected how many are left in existence: The Pittman Act of 1918 and the Silver Act of 1942. [35] In total, the sales generated $107million in revenue. United States Mint All Rights Reserved. No silver dollar coins were struck by the Mint and issued into circulation after 1935. [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. The dollars were produced every year between 1878 and 1904 at a total of four different mints. Supply and demand moves all markets, and with the Morgan Dollar, availability and demand drives pricing. 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. This situation led to the Act of 1873 which eliminated the Silver Dollar from regular U.S. coinage altogether. Price Guide. Later that year, the Philadelphia Mint switched production to the Peace Dollar. The Bland-Allison Act gave birth to the Morgan silver dollar. In this case, the effect is most obvious on Lady Liberty's lips. Morgan Silver Dollar Paperweights "1880 & 1904" . Prices start at $550 for a coin in very good, circulated condition (VG-8), and go up to $300,000. The coin is named for its designer, George T. Morgan. Above the crown are cotton and wheat that decorate the ribbon that symbolized the reconciliation of the North and South following the Civil War. 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. 16 languages Edit The Morgan dollar is a United States dollar coin minted from 1878 to 1904, in 1921, and beginning again in 2021. 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. 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. The coins became widely unpopular within the United States due to their legal tender limit and low intrinsic value, leading the Trade Dollar to be officially demonetized in 1876. These locations were Carson City (CC), New Orleans (O), San Francisco (S), Denver (D) and Philadelphia (no mark). 1901 Morgan Silver Dollar - $425,500 3.) A fracture in the die used to strike these coins left a prominent raised line on Lady Liberty's cheek. 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. [3], In 1876, Director of the Mint Henry Linderman began efforts to redesign the nation's silver coins. Under the Pittman Act, a total of 230,232,722 silver dollars held in storage were melted. Now, 145 years after they were first minted, comes this special release of ORIGINAL U.S. GOV'T MORGAN SILVER DOLLARS. During this time, the United States went through many changes as the "Age of Technology" became a reality. However, none were released to the public. [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. Their price depends on several factors, including the number of coins minted in a specific year, the city where they were made and the coins current condition, with uncirculated coins being more rare and valuable. The obverse depicts a profile portrait representing Liberty, modeled by Anna Willess Williams, while the reverse depicts an eagle with wings outstretched. In other words, who owned the coin before? The 1901-p Morgan silver dollar has a list price of $40 in fine condition, which is consistent with the other coins. [33] The U.S. Treasury discovered previously unknown mint bags in its vaults containing slightly more than 2.8 million Carson City silver dollars. Create an account with Govmint.com today. By the early 1900s the Comstock Lode was exhausted and the silver bullion supply ran out. The model for Liberty is believed to be Philadelphia schoolteacher Anna Willess Williams, who had sat for Morgan on several occasions. You will find the mintmark on the reverse of your Morgan near the bottom of the design. If you have any questions about Morgan Silver Dollars, please don't hesitate to ask. The Philadelphia Mints 1895 proof production is believed to have consisted of only 12,000 coins. When those silver reserves were depleted in 1904, the Mint ceased to strike the Morgan dollar. For the NASCAR team formerly known as Morgan-Dollar Motorsports, see. They wanted to be ready when the time came. [16] During the second week of production, Linderman pointed out what he called a "slight imperfection" in the dies for the dollar. Some dates with high mintages became scarcer, while some issues with seemingly low mintages remained available. This one is tied with the next two on this list, but we've ranked them in order based on their starting prices. [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. Buy Bulk Morgan Silver Dollars (1878-1904) Online Morgan Silver Dollars were minted from 1878 until 1904, and again in 1921. 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. This hefty silver coin has enthralled American coin collectors for generations. [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). The Bland-Allison Act was written by Representative Richard P. Bland with amendments made to it by Senator William B. Allison. Dollars. The coin is named after its designer, United States Mint Assistant Engraver George T. Morgan. Buy Morgan Silver Dollars Online. However, the Act also required silver to be purchased in order to manufacture new silver coins to replace the melted ones. A special thank you to the U.S. Mint Historians Office and the U.S. Mint Curator for assisting with this article. The dollar was authorized by the BlandAllison Act. 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). Learn How to Grade Morgan Silver Dollars It contained 412.5 grains of 90% pure silver (or 371.25 gr = 24.056 g = 0.7735 oz t of pure silver). [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. [2] Prior to enactment of the Coinage Act, silver could be brought to the mints and coined into legal tender for a small fee. The Nevada facility made 677,000 coins that year. The San Francisco Mint made 3.2 million of the 1884-S Morgan dollar coins. It was designed by Dennis R. Williams (a student at Columbus College of Art and Design) and featured a Liberty Bell and moon combination. This is usually the value used by coin dealers when selling these coins at melt value. Thank you for signing up with United States Mint! Per an amendment to the legislation, the reverse design was to be symbolic of the Apollo 11 flight honoring the exploits of our countrys astronauts and the first landing on the moon. Find many great new & used options and get the best deals for 2 1878 Morgan Silver Dollar 8TF VAM 23 Top 100 Double Lips NGC MS 62 Proof-like at the best online prices at eBay! 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. Although Trade dollars were produced from 1873-1878, they were meant for circulation overseas and were not legal tender in America. 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. Numismatists have even traced the history of each VAM to the dies used to strike the coins. The 2021 Morgan Dollars were minted in the active mints of Philadelphia (no mint mark), Denver (D), and San Francisco (S). The great big list of Morgan Silver Dollar important dates, also known by collectors as Key Dates. [5] The restrictions on free coinage laid out in the Coinage Act initially met little resistance from mining interests until the price of silver declined rapidly due to increased mining in the Western United States. Through it all, the one constant factor was the Morgan Silver Dollar, which even then was respected for its beauty and silver heft. The 1893-CC Morgan dollar coin was made at the Carson City Mint. Own the Beautiful & Classic Morgan Silver Dollar. US. Bookmark this page (Ctrl+D) and come back to get the current melt value for this coin. The House bill allowed Free Silver; one of Allison's amendments struck that provision. In 1898, Congress approved a bill that required all remaining bullion purchased under the Sherman Silver Purchase Act to be coined into silver dollars. This was the last year for the Morgan. [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. Prices start at $47 for a coin in good, circulated condition (G-4) and go up to $30,724 for a coin in mint condition. Morgan dollar CC mint mark. 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. Liberty Seated Dollar Values. 1878-S "Funky Feather" Morgan dollar. Adhering to the requirements written in the Coinage Act of April 2, 1792 (1 Stat. Browse our website GovMint.com or call 1-800-642-9160 to see how Morgan Silver Dollars can enhance your coin collection today. some of the last surviving "Morgans" still in existence in all the world. The 2021 Peace Dollars had no mint mark and were only minted in Philadelphia. Consequently, this coin has the highest number of forgeries. In December 1921, Treasury Secretary Andrew Mellon approved the Peace Dollar to replace the Morgan Dollar. 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. Below the wreath is where the Mint marks are located. [7] What came to be known as the BlandAllison Act required that the Treasury purchase between two and four million dollars' worth of silver per month, to be coined into silver dollars at the former gold/silver value ratio of 16:1, meaning that one ounce of gold would be valued the same as sixteen ounces of silver. Thank you for signing up with United States Mint! Some of them have earned fascinating nicknames. The Pittman Act, passed in 1918, authorized the melting and recoining of millions of silver dollars. That year also saw the introduction of the Peace dollar. Choice of 2. 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. 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. 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. 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. This means the coin is worth $19.35 based off its silver content alone. The Peace Dollar Source The United States Mint introduced the Peace Silver Dollars in December 1921 to celebrate the newfound peace after the World War. "[11] Linderman evidently preferred the designs of Morgan over those of the Chief Engraver; he wrote Pollock on February 21, 1878, "I have now to state for your information, that it is my intention, in the event of the silver bill now pending in Congress, becoming law, to request the approval by the Secretary of the Treasury, of the dies prepared by Mr. We offer reliable real coin melt conversions and hand written stats on each and every coin in our database. 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. Morgan Silver Dollars were minted continuously from 1878 until 1904. The coinage was short-lived, lasting only through 1935. From 1879 until 1885 the United States Mint only made Proof coins specifically for coin collectors. On December 31, 1970, President Richard M. Nixon signed into law the Bank Holding Company Act Amendments of 1970. It represented the country's westward expansion and industrial development in the late 19th century. 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. Image source: CoinStudy. The 2021 Morgan Dollar is part of the Morgan and Peace Dollar Anniversary Coin Program. Below the wreath is where the Mint marks are located as the Panic 1893! Total, the sales generated $ 107million in revenue until 1904, the United States went many..., manufacturers and farmers, who owned the coin is named for its designer, T.... In AMERICA the strikes vary from strong to weak, depending on the reverse depicts an with... 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