Morgan Silver Dollars For Sale.
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Morgan Silver Dollar Buying Guide.
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Golden Eagle Coins
Morgan Silver Dollars
Composition/Weight: .900 silver/.100 copper (.77344 oz. pure silver)/26.73 grams
Face value: $1
Description: Obverse: Liberty Head with the word “E Pluribus Unum” and the date Reverse:Picture of an eagle clasping arrows and olive branch with the words “One Dollar” “In God We Trust” “United States of America”
Designer: George T. Morgan
Mint Locations: Philadelphia, New Orleans, Carson City, Denver and San Francisco
Years Minted: 1878-1904 and 1921
The Morgan Silver Dollar was first minted in 1878. In its first year of mintage it was produced in Philadelphia, Carson City and San Francisco. Eventually, Morgan Silver Dollars would also be produced in New Orleans and Denver (1921 only).
Morgan Silver Dollars are 90% silver and contain about .77 ounces of silver. These coins were minted from 1878-1904. Production of the Morgan Silver Dollar was recommenced for one year only in 1921.
The Morgan Silver Dollar was designed by George T. Morgan who had been a pupil of William Wyon of the Royal Mint in London.
In 1918, Congress ordered the destruction of over 270 million Morgan silver dollars which were no longer in production, pursuant to the Pittman Act to subsidize the price of silver and to help England deal with its own silver shortage. The Morgan silver dollars were melted down and the silver bullion sold to the United Kingdom. After the Morgan silver dollars were melted down, the United States bought back 270 million ounces of silver from U.S. mining companies at a subsidized price of $1 an ounce in order to replace the Morgan Silver Dollars destroyed.
After the Pitman Act, the U.S. Mint produced Morgan Silver Dollars for one more year-1921. Later that year, the Peace Silver dollar was also minted and continued to be produced until 1935 with interuptions in mintage from 1929-1933.
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