Silver dollars have played a significant role in the history of the United States. One of the most iconic silver dollars is the Morgan Silver Dollar, which has a rich and captivating history. Let’s dive into the story behind these historic coins and explore their journey through time.
The Birth of the Morgan Silver Dollar
The Morgan Silver Dollar came into existence thanks to the Bland-Allison Act. Passed in 1873, this act led to a movement by mining interests to restore free silver. While the act did not meet their demands completely, it did require the Treasury to purchase a considerable amount of silver each month. This silver was then coined into dollars.
Interestingly, the Morgan Dollar was minted at five different mints across the country: Philadelphia, Carson City, New Orleans, Denver, and San Francisco. However, not all coins were produced at all mints in all years.
The Era of the Peace Dollar
In 1921, the design of the Morgan Silver Dollar was replaced by the Peace Dollar. This shift occurred due to the Pittman Act, which authorized the melting and recoining of millions of silver dollars. The Peace Dollar was minted from 1921 to 1928, with additional minting occurring in 1934 and 1935.
After the Peace Dollar, the United States Mint ceased the production of one dollar coins until the Eisenhower Dollar was introduced from 1971 to 1978.
Discovering the Value of Morgan Silver Dollars
If you happen to own Morgan Silver Dollars and are curious about their value, you can refer to a helpful table that provides estimates based on the condition of the coin. Coins with signs of wear from circulation are classified as “circulated,” while those in pristine condition are considered “uncirculated.” This table allows you to gauge the approximate worth of your Morgan silver dollar coins.
The Enduring Legacy of Morgan Dollars
To this day, Morgan Silver Dollars are highly sought after by numismatic collectors. The coin’s historical significance, beautiful design, and scarcity contribute to its enduring appeal. Coin enthusiasts and collectors around the world recognize the Morgan Silver Dollar as a true icon among numismatic coins.
To keep up with the latest news and developments on Morgan Dollars, you can turn to trusted sources such as CoinWeek.com. They provide valuable insights into the world of coins, including recent events and announcements.
Exploring the World of Morgan Dollars
If you’re keen to delve deeper into the world of Morgan Dollars, you may be interested in an interview with Steve Estes, a renowned Portland coin dealer. With over five decades of experience, Estes offers valuable expertise and insights into the world of numismatics.
Collecting Morgan Dollars is a fascinating endeavor that captivates both seasoned collectors and newcomers. The popularity of these coins is evident at coin shows, where you’ll find a vibrant community of enthusiasts eager to share their knowledge and passion.
Unique Pricing for Unique Coins
Morgan Silver Dollars are not your average coins, and their value is not determined by a one-size-fits-all approach. These coins have a wide range of prices, from top-grade rarities that sell for considerable sums to more affordable options for investment purposes. Every Morgan Silver Dollar carries its own story and worth.
In conclusion, Morgan & Peace Silver Dollars hold a special place in the hearts of collectors and coin enthusiasts alike. Their history, design, and unique attributes make them highly coveted numismatic treasures. Whether you’re a seasoned collector or just starting your journey into the world of coins, Morgan Silver Dollars are an excellent addition to any collection.
*Note: This article is for informational purposes only and does not constitute financial or investment advice.