From 1878 to 1904, and again in 1921, 657 million Morgan Dollars were produced in 96 different date-and-mint combinations, over the 27 years of Morgan production. These varieties are commonly known as VAMs. [35] The GSA conducted a total of seven mail bid sales between 1972 and 1980. The 1892-S Morgan dollar coin was made at the San Francisco Mint and was one of 1.2 million Morgan coins made that year. The coins were polished and handled carefully to avoid being marked. Each mint, with the exception of Philadelphia, has its own mint mark. Some of them have earned fascinating nicknames. Sometimes this is also called the coin's provenance. This marked the first time in our nations history that designs on circulating coins would honor an anniversary of Americas independence. Each branch corresponds to a mintmark. [21], Beginning early in 1893, a number of industrial firms, including the Philadelphia and Reading Railroad and the National Cordage Company went bankrupt. This situation led to the Act of 1873 which eliminated the Silver Dollar from regular U.S. coinage altogether. The coin was originally designed by George T. Morgan, and thus the name Morgan Dollars. For the best and most secure experience in our catalog, please update your browser. In 1873, Congress enacted the Fourth Coinage Act,[1] which effectively ended the bimetallic standard in the United States by demonetizing silver bullion. 1 2 3 4 5 For the best and most secure experience in our catalog, please update your browser. PCGS CoinFacts estimates survivals are less than 10% of the mintage. 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. [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. In 1971, the Mint produced Eisenhower copper-clad and silver-clad dollars. The additional inscriptions UNITED STATES OF AMERICA and ONE DOLLAR appear surrounding, separated by stars. Your browser is out of date. A list of linkable tags for topics mentioned on this page. These three coins, spanning 100 yearsfrom the first Morgan Dollar in 1878 to the final Eisenhower Dollar in 1978share a connection through history and legacy. None have ever been as popular as the iconic Morgan or Peace Dollars. 1896 O Morgan Silver Dollar - $140,000 The 1889-CC Morgan dollar coin was made at the Carson City Mint, which only made 350,000 Morgans that year. 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. Since the Treasury had destroyed the obsolete Morgan dollar dies in 1910, Morgan had to create an entirely new master die. You won't find a "P" anywhere on the coin. Though a large number of Morgan Dollars were minted, two major pieces of legislation affected how many are left in existence: The Pittman Act of 1918 and the Silver Act of 1942. 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. These last Peace Dollars were struck at the Philadelphia, Denver, and San Francisco Mints. By continuing to browse our site, you agree that you have read and understand our Privacy Policy. The obverse depicts a profile portrait representing Liberty, modeled by Anna Willess Williams, while the reverse depicts an eagle with wings outstretched. The Morgan Dollar is minted in 90% silver and 10% copper. Prices start at $29 for a coin in very good, circulated condition (VG-8) and go up to $20,000 (MS-65). The 1894-O Morgan Dollar coin was made at the New Orleans Mint, and the Louisiana facility made roughly 9.7 million Morgan coins that year. AMS is a retail distributor of coin and currency issues and is not affiliated with the U.S. government. This act restored silver as legal-tender. [8] Linderman contacted C.W. The "PL" designation also adds collectible appeal to any silver coin. Again, it will always depend on the exact condition of the coin. The 1896-O Morgan Dollar coin was made at the New Orleans Mint. Depending on the date and mintmark, prices for a coin can range from about $30 to $10,000 or more. Since 2012, dollar coins have only been minted and issued as numismatic items. Note that of the 2021 Philadelphia Morgan Dollars, a third were minted with a "CC" privy mark and a third were minted with an "O" privy mark. Thank you for signing up with United States Mint! [26] The Germans convinced Indian citizens that British banknotes in that country could not be redeemed for silver. Morgan Silver Dollar Price List, for an even large list of morgan vlaues. 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). The great big list of Morgan Silver Dollar important dates, also known by collectors as Key Dates. Individuals began purchasing large quantities of the pieces at face value and then removed them from circulation through hoarding, and eventually the Treasury ceased exchanging silver certificates for silver coin. The 2021 Morgan Dollars were minted in the active mints of Philadelphia (no mint mark), Denver (D), and San Francisco (S). The Hot Lips variety is not especially rare but it is highly collectible. Above the crown are cotton and wheat that decorate the ribbon that symbolized the reconciliation of the North and South following the Civil War. It was struck again in 1977 and1978, but this time only with the copper-nickel clad version. The remaining quantity was simply held in storage. Prices start at $100 for a coin in very good, circulated condition (VG-8) and go up to $9,800 for a coin in mint condition that has never been circulated. The Nevada facility made 677,000 coins that year. [26], The German government began a propaganda campaign during World War I to discredit the United Kingdom's currency in India. Specifically, the Act required the United States government to purchase between 2 and 4 million ounces of silver each month to be minted into silver dollars. These are the top 30 most valuable Morgan silver dollars, according to USA Coin Book and Coin HelpU. Instead, the BlandAllison Act was passed, which required the Treasury to purchase between two and four million dollars' worth of silver at market value to be coined into dollars each month. Image source: CoinStudy. Prices derived from NGC Coin Explorer, PCGS Coin Facts, and USA CoinBook. Prices start at $50 for a coin in very good, circulated condition (VG-8) and go up to $6,040 if it hasn't been circulated. [3], In 1876, Director of the Mint Henry Linderman began efforts to redesign the nation's silver coins. Once unknown, these are now a favorite among collectors. Title Two of this Act and its various amendments authorized the Eisenhower Dollar Coin. The Mint Act of April 2, 1792 made it possible for the United States to strike its own coinage. Two-thirds of the Philadelphia-minted dollars contained "privy marks" for the now defunct Carson City (CC) and New Orleans (O) mints. All purchases are expressly conditioned upon your acceptance of our Terms and Conditions; to decline, return your purchase pursuant to our Return Policy. In 1894, the California facility produced 1.26 million Morgan dollars in total. Free shipping for many products! Prices in USD Change. Proof coins were usually given as gifts to politicians or visiting dignitaries, and few survive today. (adsbygoogle = window.adsbygoogle || []).push({}); Checkout Top 10 Most Valuable Morgan Silver Dollars or get the full [38] The approved designs include a frontal view of the Old Mint building on the obverse and a copy of Morgan's eagle design on the reverse. The Morgan was the first silver dollar that was minted after the demonetization of silver set by congress in the Coinage Act of 1873. Born in 1845, Morgan attended the Birmingham Art School before winning a scholarship to the prestigious South Kensington Art School in London. GovMint.com is a brand of Asset Marketing Services, LLC (AMS). Like its predecessor, the Bicentennial Dollar was minted with two different compositions and was struck at the Philadelphia, Denver, and San Francisco Mints. 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). Local Storage seems to be disabled in your browser.For the best experience on our site, be sure to turn on Local Storage in your browser. This year, the Mint brings those two famous designs back to collectors as a result of the 1921 Silver Dollar Coin Anniversary Act (Public Law 116-286).It requires the Secretary of the Treasury to mint and issue $1 silver coins in recognition of the 100th anniversary of completion of coinage of the Morgan Dollar and the 100th anniversary of commencement of coinage . E PLURIBUS UNUM is above Libertys head, with 13 stars below. The Pittman Act, passed in 1918, authorized the melting and recoining of millions of silver dollars. [17] The New Orleans Mint began striking the new silver dollars in 1879. A fracture in the die used to strike these coins left a prominent raised line on Lady Liberty's cheek. [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. Prices for an O over S Morgan dollar start at $44 for a coin in good but worn condition (G-4) and go up to $45,576 for a coin in mint condition that has never been circulated (MS-65). 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. The coins were struck under the specifications set forth in the Coinage Act of 1837 and legal tender for all debts and dues both public and private. We use cookies to make your experience better. [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. The 2021 Morgan Dollar is part of the Morgan and Peace Dollar Anniversary Coin Program. Hayes. This year also marks the 50th anniversary of the silver coin that would follow: the Eisenhower Dollar. [15] Dies were eventually sent to the Western mints, arriving in both San Francisco and Carson City on April 16, 1878. 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