JavaScript seems to be disabled in your browser. 1893 S Morgan Silver Dollar - $550,000 2.) Following the celebration, the original design of the Eisenhower Dollar (single date and eagle reverse design) returned to circulation. All rights reserved. Some people in line were pushing wheelbarrows. The Pittman Act, passed in 1918, authorized the melting and recoining of millions of silver dollars. Price Guide. [22] Supporters of the act believed that an increase in the amount of silver purchased would result in inflation, helping to relieve the nation's farmers. As a result, over 270,000,000 Morgan Dollars were melted - almost half the entire mintage from 1878-1904. The coin was from a bag of silver dollars in the vault of the Philadelphia Mint. [16] The reason for the changes was to reduce the relief of the designs and to change the number of tail feathers on the eagle from eight to seven; this was done because all prior United States coinage depicted the bald eagle as having an odd number of tail feathers. In 2021, the U.S. Mint re-issued the Morgan Dollar in honor of its last year of minting in 1921. The production of silver dollars would cease completely in 1904 since the government already held millions in storage which were not needed for circulation. So you can multiply that times the current price of silver to find out the absolute minimum your coin should be . [6] One such bill introduced into the House by Democratic Representative Richard P. Bland of Missouri was passed in the fall of 1876. The CFA chose the work of notable Italian American artist Anthony de Francisci. [16] During the second week of production, Linderman pointed out what he called a "slight imperfection" in the dies for the dollar. "[8] In response to Linderman's request, Fremantle wrote "My inquiries as to an Assistant Engraver lead me very strongly to recommend for the post Mr. George Morgan, age 30, who has made himself a considerable name, but for whom there is not much opening at present in this country. The reverse design depicts an eagle perched on a mountain top, holding an olive branch in its talons, witnessing the dawn of a new day. It represented the country's westward expansion and industrial development in the late 19th century. However, certain issues of the series had low mintages or experienced heavy circulation and melting, resulting in a very limited number of survivors. [35] In total, the sales generated $107million in revenue. The Morgan Dollar Reverse Design features an eagle with wings outspread with the motto, IN GOD WE TRUST above. The 2021 Morgan Dollar is part of the Morgan and Peace Dollar Anniversary Coin Program. The obverse depicts a profile portrait representing Liberty, modeled by Anna Willess Williams, while the reverse depicts an eagle with wings outstretched. Problems became apparent when the price of silver dropped and many Trade Dollars were reimported to the United States. A list of linkable tags for topics mentioned on this page. [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 dollar was authorized by the BlandAllison Act. For the best and most secure experience in our catalog, please update your browser. On December 18, 2020, the United States Senate unanimously approved the bill, and it was signed into law by President Donald Trump on January 5, 2021. Again, it will always depend on the exact condition of the coin. Prices start at $300 for a coin in very good, circulated condition (VG-8) and go up to $126,500. A die break caused one of the most famous Morgan dollar VAMs called "Scarface." [35], On June 15, 2006, legislation was approved that provided for the minting of a silver dollar and a five dollar gold coin in "commemoration of the Old Mint at San Francisco," with surcharges to be given to the San Francisco Museum and Historical Society in an effort to rehabilitate the Old Mint. [6] This same amendment allowed for the issuance of silver certificates for the first time in United States history. This is the rarest of all Morgan dollars, as only 100,000 were produced in the California facility that year. The coins were polished and handled carefully to avoid being marked. The first U.S. Silver Dollars were struck in 1794, but American merchants kept the heavier and more valuable Spanish coins for themselves and exported the lighter U.S. coins to Europe for trade. 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 1889-CC Morgan Dollar is a Key Date coin that has a limited supply with increasing demand. Some dates with high mintages became scarcer, while some issues with seemingly low mintages remained available. Morgan dollars, officially known as Liberty Head dollars, are among the most popular United States coins. In England, he had studied and worked for the Wyon family, best known for their minting of several American colonial coinage issues. "Hot Lips" Morgan dollar VAM. ADD TO CART *Prices will automatically update every minute Silver Price: $25.79 0.04 Fast Delivery Discreet Packaging The 1888-O Morgan dollar coin was made at the New Orleans Mint. E PLURIBUS UNUM is above Libertys head, with 13 stars below. The composition of the Morgan Silver Dollar contains 90% pure silver and 10% copper. 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). Many other less-famous dates had lower mintages, but many 1889-CC Silver Dollars had an early demise. For the best experience on our site, be sure to turn on Javascript in your browser. Five branches of the United States Mint manufactured Morgan Silver Dollars: Philadelphia, New Orleans, Carson City, San Francisco, and Denver (in 1921 only). She was a teacher and writer in Philadelphia at the time. Image source: VAMWorld. Some of them have earned fascinating nicknames. The additional inscriptions UNITED STATES OF AMERICA and ONE DOLLAR appear surrounding, separated by stars. 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). Numismatists have even traced the history of each VAM to the dies used to strike the coins. This is usually the value used by coin dealers when selling these coins at melt value. 1896 O Morgan Silver Dollar - $140,000 1895 O Morgan Silver Dollar - $165,000 7.) Thank you for signing up with United States Mint! The wing feathers of the eagle on the reverse design are noticeably crude. These varieties are commonly known as VAMs. 1884 S Morgan Silver Dollar - $250,000 5.) [13] This piece was given to President Hayes; the second and third were given to Secretary of the Treasury John Sherman and Mint Director Henry Linderman. Morgan Silver Dollar Key Dates- learn about key, semi-key, and better dates. SIGN UP FOR EMAIL UPDATES AND TEXT MESSAGE ALERTS ABOUT PRODUCTS. Top 10 Most Valuable Morgan Silver Dollars. 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 $225 for a coin in very good, circulated condition (VG-8), you can earn up to $30,000 for a coin in mint condition. Since the Treasury had destroyed the obsolete Morgan dollar dies in 1910, Morgan had to create an entirely new master die. Minted from 1878 through 1921, it was originally and officially called the "Liberty Head Dollar" per the United States Mint. Due to a bad die, the coins were struck twice with the mark, resulting in a doubled effect. [29] Another provision of the Pittman Act authorized the U.S. to mint a replacement coin for every silver dollar melted. Above the crown are cotton and wheat that decorate the ribbon that symbolized the reconciliation of the North and South following the Civil War. The "PL" designation also adds collectible appeal to any silver coin. 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. These varieties are commonly known as VAMs. Prices start at $2,430 for a coin in very good, circulated condition (VG-8), and go up to $300,000. Other varieties of the 1878 coin feature different numbers of tail feathers on the eagle. 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. Calculate 90% silver value : ( 26.07 .0321507466 26.73 .90) = $20.1638519270. These are the Bland-Allison Act and the Sherman Silver Purchase Act. Its fine silver weight is 0.77344 troy oz. [4] The act ended production of the standard silver dollar (then the Seated Liberty dollar, as designed by Christian Gobrecht) and provided for mintage of a silver trade dollar, which was intended to compete with Mexican dollars for use in the Orient. The mint mark, if present, appears on the reverse above between D and O in "Dollar". The 1887-O Morgan dollar coin was made at the New Orleans Mint. As a result, in 1873, the Coinage Act stopped the production of silver coins in the United States. [35] The GSA conducted a total of seven mail bid sales between 1972 and 1980. The 1890-CC Morgan dollar coin was made at the Carson City Mint, which used the double C letter mark. This is important to know because certain mints produced less coins in a given year than others. Prices start at $34 for a coin in very good, circulated condition (VG-8), but very lucky collectors can get as much as $149,500 for one in mint condition. They recommended a mail bid sale. It was minted one last time prior to World War II, with the passage of what was referred to as the Silver Purchase Act of 1934. The goal is to complete, or nearly complete a set of Morgan Silver Dollars by date or mintmark. Prices start at $150 for a coin in very good, circulated condition (VG-8), and go up to $38,000 for a coin in mint condition. Gasparros rendition of the Apollo 11 insignia, featured on the reverse of the coin, shows the bald eagle landing on the crater-pocked surface of the moon, an olive branch clutched in both claws. The 1891-O Morgan dollar coin was made at the New Orleans Mint. Each Morgan dollar is struck from 90% silver. This list details also details semi-key, and better dates. 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. It marked the first $1 coin issued in the U.S. in five years (aside from the "Trade dollar"). By continuing to browse our site, you agree that you have read and understand our Privacy Policy. some of the last surviving "Morgans" still in existence in all the world. The mintage on the coin was 12,760,000 and it is estimated that approximately half are still in mint state. Price guide excludes all proofs and special varieties. [37] In total, 100,000gold and 500,000silver commemorative coins were authorized. Morgan. The Morgan Silver Dollar is one of the most famous and most highly collected U.S. coins of all time. 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. 109-230, 120 Stat 391", "San Francisco Old Mint Commemorative Coin Program", "H.R.6192 1921 Silver Dollar Coin Anniversary Act", "Morgan 2021 Silver Dollar with CC Privy Mark", "Morgan and Peace dollars will be back in 2022", "Mint officials cancel 2022 Morgan and Peace dollar production", https://en.wikipedia.org/w/index.php?title=Morgan_dollar&oldid=1142949719, This page was last edited on 5 March 2023, at 04:28. So if there is no mintmark, you'll know your coin comes from Philadelphia. 16 languages Edit The Morgan dollar is a United States dollar coin minted from 1878 to 1904, in 1921, and beginning again in 2021. Uncirculated silver Morgan dollar coins garner the highest prices. This series may be the most common of all 19th-century U.S. coins. 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. The figure of the eagle on the coins reverse side was double stamped, and the beak, feathers and arrows all appear slightly duplicated. On September 22, 2020 the U.S. House of Representatives passed legislation to allow the minting of Morgan and Peace dollar coins in 2021, the 100-year anniversary of the transition from the Morgan to Peace dollar in order to "commemorate this significant evolution of American Freedom". This year marks the 100th anniversary of completion of coinage of the Morgan Dollar and the 100th anniversary of commencement of coinage of the Peace Dollar. Ironically enough, the same act that gave birth to the nations newest dollar coin also authorized the sale of one of its predecessors2.8 million Morgan Dollars (minted at the Carson City Mint) stored in U.S. Treasury Department vaults. Holding a Morgan in your hand takes you back to the Old West, reminiscent of Americas ingenuity and entrepreneurship. [10] In total, Morgan had five sittings with Williams; he declared her profile to be the most perfect he had seen. The Citizens Coinage Advisory Committee unanimously approved the design on January 19, 2021, with recommendations which were sent to the Secretary of the Treasury Steven Mnuchin, one day before the end of the Trump administration. 1889 CC Morgan Silver Dollar - $280,000 4.) Once again, legislation played a role in the silver supply chain because of the passage of the 1890 Sherman Silver Purchase Act. Learn How to Grade Morgan Silver Dollars This was also one of the most exciting and turbulent periods in United States history, and Morgan was witness to dramatic changes taking place all around him - from the winning of the West to World War I, and from the Wright Brothers' flight to Babe Ruth taking the baseball world by storm. Morgan Dollars contain three-quarters of an ounce of 90% silver, mined from Nevada's legendary Comstock Lode. This causes parts of the design to appear doubled or overlapped. [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. By continuing to browse our site, you agree that you have read and understand our Privacy Policy. [26] The Germans convinced Indian citizens that British banknotes in that country could not be redeemed for silver. The Comstock Lode, a massive silver discovery in 1859, flooded the U.S. market with silver and caused the value of silver coins to drop. The House bill allowed Free Silver; one of Allison's amendments struck that provision. These coins were minted from 1878-1904 and then in 1921. Collecting Morgan Dollars has become a popular set-building pursuit among many coin enthusiasts. 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. [36] The legislation also stated that all proceeds from the sale were to be "covered into the Treasury as miscellaneous receipts. [10] For the representation of Liberty, Morgan sought to depict an American woman rather than the usual Greekstyle figures. Here are a few of the most popular VAM Morgan silver dollars. In 1873, Congress enacted the Fourth Coinage Act,[1] which effectively ended the bimetallic standard in the United States by demonetizing silver bullion. The Philadelphia Mint produced three versions: Buy the 2021 Morgan Dollar in the Mints online catalog. We offer reliable real coin melt conversions and hand written stats on each and every coin in our database. [32], Until 1964, U.S. citizens could redeem paper money known as silver certificates for silver dollars at a U.S. Treasury mint on demand. The first Morgan Dollar coins were struck in 1878 at the Philadelphia Mint. 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 Silver Dollars all have .7735 ounces of silver in them. Rare Collectibles TV offers the finest selection of Morgan dollars available. Encircling the coin above is UNITED STATES OF AMERICA with the denomination, ONE DOLLAR, with stars on either side. Morgan Dollars are large and heavy coins that are made out of silver which is relatively soft and malleable. In late 1877, the Mint Director Henry Linderman instructed both Morgan and Barber to prepare dies for a silver dollar. For the best experience on our site, be sure to turn on Javascript in your browser. 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 His iconic design is one of the most recognized coin designs in the world. 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). SIGN UP FOR EMAIL UPDATES AND TEXT MESSAGE ALERTS ABOUT PRODUCTS. U.S. to Mint a replacement coin for every silver Dollar Key Dates- learn ABOUT Key semi-key! Dollar Key Dates- learn ABOUT Key, semi-key, and go up to $ 126,500 in 1910, Morgan to... 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