This is why you should consult a numismatic expert to appraise the value of your coin when youre ready to sell. 1893 S Morgan Silver Dollar - $550,000 2.) The inscription E PLURIBUM UNUM appears above, with the date below. The 1891-O Morgan dollar coin was made at the New Orleans Mint. The figure of the eagle on the coins reverse side was double stamped, and the beak, feathers and arrows all appear slightly duplicated. The majority of Morgan Dollars found today can be linked to one of four major hoards. 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. 1921-1935: The silver dollar coins issued from 1921 to 1935 are commonly referred to as Peace silver dollars. The middle of the S can be seen on this coin inside the O. Its unknown how many of these hybrids were struck. 1 USA Coin Book Dollars Morgan Morgan Dollars How Much Morgan Silver Dollars are Worth: Morgan Silver Dollar Values & Coin Price Chart For Sale 1688 Auctions 92 Wishlist 83 Collection 4118 Early Silver Dollars (1878-1921) Designer - Engraver: George T Morgan Metal Composition: 90% Silver - 10% Copper Diameter: 38.1 mm Mass / Weight: 26.73 grams [35] The coins were sorted and mounted in small plastic display cases. [24] Since the Treasury already had a surplus of silver dollars, minting of dollars dropped sharply beginning in 1892. Of these, 500,000 used a reverse of the 1878 design, so the eagle and the arrows appear flatter. All purchases are expressly conditioned upon your acceptance of our Terms and Conditions; to decline, return your purchase pursuant to our Return Policy. So if there is no mintmark, you'll know your coin comes from Philadelphia. [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. Buy Bulk Morgan Silver Dollars (1878-1904) Online Morgan Silver Dollars were minted from 1878 until 1904, and again in 1921. 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. Approximately 300,000 1889-CC Silver Dollars were melted, ensuring 1889-CC survivors as one of the Key Dates in the Morgan Dollars series. Morgan Silver Dollar Paperweights "1880 & 1904" . The dollar was authorized by the BlandAllison Act. 2021 100th Anniversary Coins. Morgan Dollars contain three-quarters of an ounce of 90% silver, mined from Nevada's legendary Comstock Lode. Over the years, hundreds of millions of Morgan Dollars were melted. Prices derived from NGC Coin Explorer, PCGS Coin Facts, and USA CoinBook. 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. Create an account with Govmint.com today. Morgan Silver Dollars all have .7735 ounces of silver in them. 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. By this time, most Americans preferred to use paper money instead of carrying around heavy Silver Dollars. 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. 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. As a result, in 1873, the Coinage Act stopped the production of silver coins in the United States. The design of the Peace Dollar was selected by the Commission of Fine Arts (CFA) from models submitted by a number of prominent sculptors. At the same time, legislation was also being worked to remove silver from coins because of the ongoing shortage. Some of them have earned fascinating nicknames. In 1962, an individual redeemed a silver certificate and received a rare and valuable Morgan dollar in exchange. The Bland-Allison Act gave birth to the Morgan silver dollar. Price guide excludes all proofs and special varieties. 1921 Morgan Silver Dollar - $36 (N Olmsted) image 1 of 5 QR Code Link to This Post. This article is about the United States dollar coin. These three coins, spanning 100 yearsfrom the first Morgan Dollar in 1878 to the final Eisenhower Dollar in 1978share a connection through history and legacy. In 1894, the California facility produced 1.26 million Morgan dollars in total. Since the New Orleans Mint relied on silver coin production for business, this ultimately led to its shutdown as a Mint facility. Expect to pay $175.00 to $225.00 for MS-65 (Gem BU) dollar. Holding a Morgan in your hand takes you back to the Old West, reminiscent of Americas ingenuity and entrepreneurship. [13] The first acceptable strike, after adjustments to the press, was coined at 3:17p.m. at the Philadelphia Mint. Subsequent designs of the dollar coin continued to be issued into circulation from 1979-2011. [10] In total, Morgan had five sittings with Williams; he declared her profile to be the most perfect he had seen. These coins were minted from 1878-1904 and then in 1921. 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! The "PL" designation also adds collectible appeal to any silver coin. Upon his arrival at the U.S. Mint in Pennsylvania, Morgan was assigned the task of designing the Silver Dollar and working on patterns for the Half Dollar. When those silver reserves were depleted in 1904, the Mint ceased to strike the Morgan dollar. [15] Dies were eventually sent to the Western mints, arriving in both San Francisco and Carson City on April 16, 1878. 1895 O Morgan Silver Dollar - $165,000 7.) Once again, legislation played a role in the silver supply chain because of the passage of the 1890 Sherman Silver Purchase Act. 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. Learn How to Grade Morgan Silver Dollars The Morgan Silver dollars represent the best in silver coin manufacturing at its time. [27] Of that amount, 259,121,554 were sold to the United Kingdom at the cost of one dollar per troy ounce.[27]. 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. The coin has since been dubbed the "Morgan" dollar as an homage to the coin's celebrated designer, George T. Morgan. This coin marked the first time a portrait of a U.S. president was authorized to appear on a circulating dollar coin. Although Morgan silver dollars are still legal tender in the U.S., they are worth far more than just $1 to coin collectors. Dollars. 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. 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. 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). 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. [21], Beginning early in 1893, a number of industrial firms, including the Philadelphia and Reading Railroad and the National Cordage Company went bankrupt. 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). Depending on the date and mintmark, prices for a coin can range from about $30 to $10,000 or more. make / manufacturer: US Mint. The US Mint originally decided to continue the Morgan and Peace Dollar program for 2022 and beyond[44] minted in San Francisco (S) with a proof finish, but on March 14, 2022, announced that the planned 2022 releases had been scrapped due to "supply chain issues, production capacity and shipping logistics", and the rising price of silver, with plans to resume the program in 2023.[45]. It marked the first $1 coin issued in the U.S. in five years (aside from the "Trade dollar"). [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". Proof coins were usually given as gifts to politicians or visiting dignitaries, and few survive today. CoinTrackers.com is an invaluable resource dedicated to helping the coin collector and silver community. [24] Silver dollar production rose again,[19] until the bullion was exhausted in 1904, when it ceased. The obverse design depicts a female head emblematic of Liberty, wearing a tiara of light rays. Morgan dollar, proof coins were made in small, limited productions and given special care. We offer reliable real coin melt conversions and hand written stats on each and every coin in our database. Many other less-famous dates had lower mintages, but many 1889-CC Silver Dollars had an early demise. This causes parts of the design to appear doubled or overlapped. The 1893-S Morgan dollar coin was made at the San Francisco Mint. We use cookies to make your experience better. That year, the Louisiana facility re-used dies from 1886, altering the six to a seven, and part of the six can still be seen on the 1887 coins. So which ones are worth the most valuable collectibles? The price chart above is provided for general information purposes. Prices start at $550 for a coin in very good, circulated condition (VG-8), and go up to $300,000. Prices start at $50 for a coin in very good, circulated condition (VG-8) and go up to $6,040 if it hasn't been circulated. Linderman, asking if he knew of someone who could fill the position of Assistant Engraver of the U.S. Mint. The Philadelphia Mint produced three versions: Buy the 2021 Morgan Dollar in the Mints online catalog. 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). 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 . Adhering to the requirements written in the Coinage Act of April 2, 1792 (1 Stat. Most passed through the U.S. economy when a 90% silver dollar was a day's pay for many Americans. The coins were polished and handled carefully to avoid being marked. More information about these products will be available in the upcoming weeks on our website and social media channels. 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. However, unlike some of the other coins, we see a significant increase in value in high-end condition. Their artistic excellence and craftsmanship represented the aspirations of a country evolving into a world power. 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. There was very little demand for dollar coins, however. 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 1894-S Morgan dollar coin was made at the San Francisco Mint, which used the S letter mark. Five branches of the United States Mint manufactured Morgan Silver Dollars: Philadelphia, New Orleans, Carson City, San Francisco, and Denver (in 1921 only). Items 1 - 12 of 110 Sort By 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. It was only briefly in operation, however. At this time, the U.S. Mint struck no circulating Silver Dollars, but the Mint realized it was only a matter of time before a Silver Dollar would be called for once again. Morgan Silver Dollars were issued from 1878-1904, and then again for a final year in 1921. Two pieces of legislation in the United States bookend the history of the Morgan dollar. They wanted to be ready when the time came. Top 10 Most Valuable Morgan Silver Dollars. This situation led to the Act of 1873 which eliminated the Silver Dollar from regular U.S. coinage altogether. 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 2021 Peace Dollars had no mint mark and were only minted in Philadelphia. In 1891, the Louisiana facility made 7.95 million Morgan dollars. 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). The US Mint then released order information for both dollars, priced at $85 apiece. There is no known mintage limit, and mintage could not begin until after January 1, 2021.[41]. All rights reserved. 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