Today, Morgans range considerably in value. If your Morgan dollar is a special variety, it will likely command a higher price. Click on this link to see the Top 100 Morgan VAMs.. Click on this link to see the Hit List 40.. Ron Guth: The Coinage Act of 1873 demonetized silver, leading to the demise of the silver dollar. 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. 1 2 3 4 5 Registered users receive faster checkout, enhanced order tracking options and special promotions. Buy Morgan Silver Dollars Online. [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. Silver $25.16 ( +0.09) as of 04-12 08:03 AM EST. The abbreviation comes from "Van Allen Mallis." US Silver Dollar Lot Includes: 3 - 1921 Morgan Silver Dollars. The CFA chose the work of notable Italian American artist Anthony de Francisci. The Morgan dollar is a United States dollar coin minted from 1878 to 1904, in 1921, and beginning again in 2021. Essentially, its the centennial of the transition between minting two of the most famous coins issued by the United States Mint. The 1893-S Morgan dollar coin was made at the San Francisco Mint. 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. 1878-S "Funky Feather" Morgan dollar. The Hot Lips variety is not especially rare but it is highly collectible. 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. Silver mining in the United States, mainly the Comstock Lode (1859), is the catalyst that gave silver dollar coinage its heyday. You can view ourreturn policyhere. These are the last names of the experts who first documented the varieties. Liberty wears a Phrygian cap with the word LIBERTY on her hair band and various agricultural elements intertwined, including stalks of wheat, bolls of cotton, and leaves of oak. His design of Lady Liberty was modeled after Anna Willess Williams. 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. Calculate 90% silver value : ( 26.07 .0321507466 26.73 .90) = $20.1638519270. [35] In total, the sales generated $107million in revenue. The dollars were produced every year between 1878 and 1904 at a total of four different mints. The eagle is clutching both an olive branch and 3 arrows in its talons, symbolizing peace, yet readiness for war. Now, 145 years after they were first minted, comes this special release of ORIGINAL U.S. GOV'T MORGAN SILVER DOLLARS. By the time he eventually retired in 1924, George T. Morgan had worked at the U.S. Mint for an amazing 48 years. The obverse design depicts the likeness of President Dwight Eisenhower. Under the Pittman Act, a total of 230,232,722 silver dollars held in storage were melted. These large Silver coins are known for their value, quality of strike, design and beauty. The Mint made more than one million Peace Dollars in less than one month. Supply and demand moves all markets, and with the Morgan Dollar, availability and demand drives pricing. JavaScript seems to be disabled in your browser. In order to mint the coin on the Dollar the die needed to be larger and the words half dollar were replaced with "one dollar". Morgan Dollar, MS | Morgan Dollar, PR | Morgan Dollar, SP. Morgan dollar, proof coins were made in small, limited productions and given special care. 16 languages Edit The Morgan dollar is a United States dollar coin minted from 1878 to 1904, in 1921, and beginning again in 2021. [24] The act was repealed on November 1, 1893. 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. The wing feathers of the eagle on the reverse design are noticeably crude. The 1921 Morgan dollar was the last coin in the series. Copyright 2023 My Coin Guides. They recommended a mail bid sale. The 1881-S is the most available Morgan dollar in mint state from the years 1878 to 1904. These are the Bland-Allison Act and the Sherman Silver Purchase Act. 1891 portrait of Anna Willess Williams. [46] The number of dollars surviving are unknown as the Pittman Act resulted in the melting of millions of these coins, and the individual dates melted were never recorded. 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. [8] Linderman contacted C.W. The mint mark, if present, appears on the reverse above between D and O in "Dollar". This coin marked the first time a portrait of a U.S. president was authorized to appear on a circulating dollar coin. make / manufacturer: US Mint. [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 composition of the Morgan Silver Dollar contains 90% pure silver and 10% copper. The Pittman Act, passed in 1918, authorized the melting and recoining of millions of silver dollars. A special thank you to the U.S. Mint Historians Office and the U.S. Mint Curator for assisting with this article. Their artistic excellence and craftsmanship represented the aspirations of a country evolving into a world power. Some coins also display proof-like or deep mirror proof-like qualities, adding another dimension to collecting the series. [43] After the chaos caused by the CC and O dollars, the Household Order Limit was reduced from 10 to 3 for the remainder of the dollars. 1889 CC Morgan Silver Dollar - $280,000 4.) Two-thirds of the Philadelphia-minted dollars contained "privy marks" for the now defunct Carson City (CC) and New Orleans (O) mints. A noteworthy pedigree will also influence the price of a Morgan silver dollar. It depends on their condition and the date they were minted, among other factors. Several different branches of the U.S. Mint struck Morgan dollars. The House bill allowed Free Silver; one of Allison's amendments struck that provision. 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 . [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. These famous silver dollars were struck from 1878 through 1904 and once more in 1921. Five branches of the United States Mint manufactured Morgan Silver Dollars: Philadelphia, New Orleans, Carson City, San Francisco, and Denver (in 1921 only). At near 27 grams and an inch and a half in diameter this baby is large and heavy by modern day coin standards. 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. Below are some general guidelines to help you determine the value of your Morgan dollar. In total, the number of coins that have survived to this day are small. This list details also details semi-key, and better dates. L. no. No silver dollar coins were minted in the U.S. from 1905-1920. All purchases are expressly conditioned upon your acceptance of our Terms and Conditions; to decline, return your purchase pursuant to our Return Policy. These locations were Carson City (CC), New Orleans (O), San Francisco (S), Denver (D) and Philadelphia (no mark). Our price of $39.00 each is guaranteed $50-$65 lower than several leading national retailers. Prices start at $32 for a coin in good, circulated condition (G-4) and go up to $6,233 for a coin in mint condition. In mid-1876, Morgan's career took an unexpected turn. [2] Protests also came from bankers, manufacturers and farmers, who felt an increased money supply would have a positive impact. A coins population drives supply, so when there are high supplies, prices are usually lower when readily available. The 1889-CC Morgan Dollar is a Key Date coin that has a limited supply with increasing demand. 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). [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. [10] In total, Morgan had five sittings with Williams; he declared her profile to be the most perfect he had seen. 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). 1 oz South African Gold Krugerrand - Random Dates, 2019 Patriot 1 oz Proof Like Silver Round - American Revolution, 1 oz Canadian Platinum Maple Leaf - Random Date. Price guide excludes all proofs and special varieties. Prices in USD Change. The obverse depicts a profile portrait representing Liberty, modeled by Anna Willess Williams, while the reverse depicts an eagle with wings outstretched. Later that year, the Philadelphia Mint switched production to the Peace Dollar. The next year, New Orleans joined in, and, like San Francisco and Philadelphia, would manufacture Morgan Dollars through 1904. As a result, over 270,000,000 Morgan Dollars were melted - almost half the entire mintage from 1878-1904. In 1918, Congress passed the Pittman Act to replenish the government's reserves of silver bullion by officially melting millions of the Morgan Silver Dollars stored in Treasury vaults. The coin is named after its designer, United States Mint Assistant Engraver George T. Morgan. 1895 O Morgan Silver Dollar - $165,000 7.) $36 each. The 1886-O Morgan dollar coin was made at the New Orleans Mint, which made 10.7 million Morgan coins that year. Title Two of this Act and its various amendments authorized the Eisenhower Dollar Coin. Sometimes this is also called the coin's provenance. 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. This hefty silver coin has enthralled American coin collectors for generations. Price Guide. Morgan Dollar (1878-1921) Auction Prices Population CoinFacts Photograde Set Registry. Linderman held a competition for the design of a new silver dollar, which was won by English engraver, George Morgan. However, when a Morgan is difficult to obtain and in demand, like a Key Date, it will have often carry a numismatic premium based on the mintage and condition. "[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. Most passed through the U.S. economy when a 90% silver dollar was a day's pay for many Americans. [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. This means the coin is worth $17.96 based off its silver content alone. Prices start at $350 for a coin in very good, circulated condition (VG-8) and go up to $25,300 for a coin in mint condition that has never been circulated, with a high-quality silver luster (MS-65). Born in 1845, Morgan attended the Birmingham Art School before winning a scholarship to the prestigious South Kensington Art School in London. Proof coins were usually given as gifts to politicians or visiting dignitaries, and few survive today. Through it all, the one constant factor was the Morgan Silver Dollar, which even then was respected for its beauty and silver heft. Coins made for commerce ended in 1878 with the introduction of the Morgan silver dollar. The obverse design depicts a female head emblematic of Liberty, wearing a tiara of light rays. The majority of Morgan Dollars found today can be linked to one of four major hoards. The 1895-S Morgan dollar coin was made at the San Francisco Mint and is rare, as it's only one of 400,000 Morgan coins made that year. $20.1638 is the rounded silver value for the 1878-1921 silver Morgan dollar on April 13, 2023. 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. The Nevada facility made 756,000 Morgans that year, including ones with both clear and double-stamped CC marks. Click Here to Sell to Us There is currently an online order maximum of 100. [10] Morgan's friend, artist Thomas Eakins, suggested he use Anna Willess Williams of Philadelphia as a model. some of the last surviving "Morgans" still in existence in all the world. In 1879, the California facility produced 8.6 million Morgan dollars in total. Morgan Dollars invoke images of western salons and honky-tonks, with cowboys raising the stakes at poker games, and stagecoach robberies from outlaws looking to score a cache of these big, beautiful silver dollars. Following some design revisions, they were also struck at San Francisco and Carson City that same year, because of the facilities proximity to the silver mines in the western United States. His iconic design is one of the most recognized coin designs in the world. 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). [26], The German government began a propaganda campaign during World War I to discredit the United Kingdom's currency in India. All rights reserved. Encircling the coin above is UNITED STATES OF AMERICA with the denomination, ONE DOLLAR, with stars on either side. [8] His earliest pattern coins designed during his tenure at the Philadelphia Mint were intended for the half dollar. The 1892-O Morgan dollar coin was made at the New Orleans Mint, which used the O letter mark. Six months later nearly 25 million Peace Dollars had been minted. By 1890, a total of 360 million silver dollars had been produced, of which only one-sixth was estimated to have been released into circulation. The mint mark of Morgan Dollars struck at the branch mints appears below the bow in the wreath on the reverse design. The design of the Peace Dollar was selected by the Commission of Fine Arts (CFA) from models submitted by a number of prominent sculptors. So which ones are worth the most valuable collectibles? From the onset of the series, the requirements of the Bland-Allison Act led to heavy silver dollar production, well in excess of the needs for commerce. When you buy Morgan Dollars at GovMint.com you can rest assured that you are buying authentic United States coinage. The Morgan Dollar is minted in 90% silver and 10% copper. Keep in mind that these prices are only a general guide. Peace Dollars were available beginning later in the same year. This article is about the United States dollar coin. The original design was for that of a . For the best and most secure experience in our catalog, please update your browser. The situation was exacerbated by the Sherman Silver Purchase Act, which increased the required government purchase of silver to 4.5 million ounces per month. Morgan Dollars contain 26.73 grams of .900 fine silver and .100 copper for a total net weight of .77344 ounces of pure silver. [24] Silver dollar production rose again,[19] until the bullion was exhausted in 1904, when it ceased. Although Trade dollars were produced from 1873-1878, they were meant for circulation overseas and were not legal tender in America. [6] Republican senator William B. Allison of Iowa added important amendments to the bill in the Senate. Beginning in the 1970s, the Treasury conducted a sale of silver dollars minted at the Carson City Mint through the General Services Administration. The Mint will produce the 2021 Morgan Dollar with an uncirculated finish in five versions to recognize the Mint facilities that minted the original coin. Your browser is out of date. [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 "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. 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). This is the rarest of all Morgan dollars, as only 100,000 were produced in the California facility that year. However, certain issues of the series had low mintages or experienced heavy circulation and melting, resulting in a very limited number of survivors. More information about these products will be available in the upcoming weeks on our website and social media channels. Hayes. 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. As a result, U.S. coins disappeared almost as fast as they were minted. 1884 S Morgan Silver Dollar - $250,000 5.) 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. Morgan Silver Dollars were minted continuously from 1878 until 1904. This is important to know because certain mints produced less coins in a given year than others. "[36] Congress supplied the General Services Administration with $10 million to market the dollar coins. [25] The resulting bank runs and failures became known as the Panic of 1893. Bag marks are caused from the coins coming into contact with each other. After Anna Willess Williams of Philadelphia as a result, over 270,000,000 Morgan struck! The transition between minting two of the transition between minting two of the last in! Beginning later in the upcoming weeks on our website and social media channels on. To this day are small rounded silver value: ( 26.07.0321507466 26.73 )... Lower than several leading national retailers rounded silver value: ( 26.07 26.73... 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