Morgan Dollar
Morgan DollarMorgan Dollar

Morgan Dollar

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  • Metal Type Silver
  • Metal Content 0.77344 oz.
  • Weight 26.73 g
  • Composition 90% silver, 10% copper
  • Diameter 38.1 mm
  • Mint Dates 1878-1904; 1921

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About this Product

The Morgan Dollar, named after designer George T. Morgan, is considered to be one of the favorites among coin collectors in the United States. Silver collectors are drawn to the Morgan Dollar not only for its colossal size and 90% silver content, but for its historical significance. The Bland-Allison Act of 1878 legislated that Morgan Dollars were to be produced in large quantities in order to help with the unemployment issues facing American citizens. In 1889, the Philadelphia Mint produced 22 million Morgan Silver Dollars. From 1878-1904, far more Morgan Dollars were produced than were necessary for everyday commerce. Due to an oversupply of the Morgan Dollar silver coin, the government found itself burdened with enormous storage costs. In 1918 this issue was addressed and more than 300 million Morgan Dollars were melted down to later be minted as the 1921 Morgan Dollar. The highly collected Morgan Dollar features the profile of Lady Liberty on the obverse side, and the American bald eagle wings spread clinching an olive branch and arrows on the reverse side.

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