Dollar From
Dollar From
Morgan Dollar
The Morgan Dollar is a silver United States dollar coin. The dollars were minted from 1878 to 1904 and again for one more year in 1921. The Morgan Dollar is named after its designer, George T. Morgan, who designed the obverse and reverse of the coin. Morgan's monogram appears near Lady Liberty's neck on the obverse. The Morgan Dollar was authorized by the Bland-Allison Act of 1878. It has a fineness of .900, giving a total silver content of 0.77344 troy ounces (24.057 grams) per coin.
History
The Comstock Lode, the greatest silver strike in history, was discovered in Nevada in the late 1850s. The strike put downward pressure on silver prices worldwide. The greatest silver strike in history was followed by the greatest coinage boondoggle in history. In 1878, to protect the interest of the western states, Congress passed the Bland-Allison Act which required the Treasury Department to purchase large amounts of silver, and to strike it as coins. For reasons of economy, the Treasury chose to strike the silver as dollars. The mintage was far more than was needed in circulation. These excess silver dollars quickly began piling up. Some original mint bags of Morgan Dollar remained in treasury vaults until the 1960s. This strange past has led to one of the greatest collectible series in American coins providing collectors with many dates and mint marks readily obtainable in mint state condition along with challenging rarities.
When the dollar was minted in 1878, it was the first dollar issued for American commercial use since the last Seated Liberty Dollar of 1873. The Trade Dollar was minted during this time period but was for trade in the orient. The dollar was continuously minted until 1904 when the supply of dollars in circulation was high and there was an absence of silver bullion. Then in 1918, the Pittman Act called for over 270 million coins to be melted for silver content. In 1921, the coinage of the Morgan Dollar resumed for that year and was replaced by the Peace Dollar commemorative that would become standard issue. Since 1921, many Morgan Dollar have been melted, mostly when silver prices escalate and they yield silver bullion.
Caches of Morgan Dollar produced at the Carson City Mint were discovered and were sold to coin collectors by the federal government in the early 1970s. These dollars were uncirculated and are called GSAs (named after the General Services Administration) and come in holds that mimic the holds used for proof silver Eisenhower dollars.
Rare Coin Site
About the Author
Lee Williams Coin Site
Scarface "Dollar" from MADE Album [youtube video]
 |
 TEN UNSEARCHED WHEAT INDIAN CENT SHOTGUN ROLLS2 FREE  US $99.90
|
 SHOTGUN ROLL FULL OF UNSEARCHED INDIAN HEAD CENTS US $73.99
|
 4 Lowes 10 Off Purchase Coupons Lowes Oct 15 2010 US $1.29
|
 BRAND NEW SKI SNOWBOARD BIKER 3 HOLE MASK BEANIE SKULL US $8.95
|
 nEw NFL ARIZONA CARDINALS Queen Comforter BEDDING SET US $139.99
|
 1 Silver Coin Near Oz 1 Gram Silver Nuggets NOT GOLD US $5.50
|
 Prince Purple Rain Movie Poster 1984 US $15.00
|
 TRUE ROMANCE Unrated Directors Cut DVD NEW US $9.99
|
 THREE PREMIUM ROLLS FULL OF WHEAT INDIAN CENTS US $44.97
|
 25 COIN LOT OLD MINT GOLD SILVER US BONUS 24K BULLION US $44.95
|
 Crash DVD New US $7.00
|
 1852 US 1$ Dollar Gold Coin US $203.50
|
 1933 34 Ford Cross Steer Rack Pinion 33 Street Rod US $325.00
|
 5 UNSEARCHED WHEAT INDIAN CENT SHOTGUN ROLLS 1 FREE US $46.75
|
 HOT WHEELS LAMBORGHINI DIABLO VERY HOT US $.99
|
 BLACK BLUE 3 ROW PYRAMID STUDDED LEATHER LARGE BELT 40 US $8.95
|
 Price Pfister Nickel Portland Roman Tub Faucet Trim US $9.60
|
 POLICE ACADEMY 2 THEIR FIRST ASSIGNMENT 1985 BW STILL US $19.99
|
 POLICE ACADEMY 3 BACK IN TRAINING 1986 BW 8x10 STILL US $19.99
|
 B1065F HALLOWEEN PARTY ORANGE PUMPKIN FACE MASK US $.99
|
 CITY CLUBBING CD 4 DISC SET PARIS LONDON NEW YOURL BERL US $3.67
|
 STRAPLESS VINTAGE RED WEDDING DRESS plus size 32 34 38 US $229.63
|
 NOBAL 6 CT HEART NATURAL YELLOW SAPPHIRE AFRICA US $9.99
|
 Fendi brand new laxuary Headband scarf US $7.99
|
 NATURAL QUARTZ CRYSTAL CLUSTER ORIGINAL US $2.77
|
 1890 S Morgan Cartwheel Silver Dollar Coin San Fran $1 US $28.65
|
 nEw NCAA WISCONSIN BADGERS Queen Comforter BEDDING SET US $139.99
|
 Free Shipp 100pcs copper color metal spacer beads 12mm US $4.99
|
 Free Shipping 400pcs mixed color metal earring hooks US $3.99
|
 Free Ship100pcs tibetan silver leaf charms 185mm US $4.99
|
 HORNSEA CLAPPISON HEIRLOOM GREEN SMALL CANISTER c1967 US $8.26
|
 B1065D HALLOWEEN PARTY ORANGE PUMPKIN FACE MASK US $.99
|
 2 piece Romper by Starting Out 6 months US $.99
|
 BFG NVIDIA GTX 260 OC MAXCORE 55 896mb SLi Pkg US $300.00
|
 WWE NO WAY OUT 2009 DVD NEW US $10.99
|
 nEw NCAA TEXAS LONGHORNS Queen Comforter BEDDING SET US $139.99
|
 The Hunting of the President DVD 2004 US $3.99
|
 Chinese Jade 2 Color Dragon Pendant Necklace US $.01
|
 Hello Kitty hard Skin Case for cell phone iphone 3G 3GS US $.99
|
 Free Shipping 200pcs silver metal lobster clasps 12mm US $4.99
|
| Powered by phpBay Pro |
|
|
1971 Eisenhower Silver Dollar - Blue Pack - from CA Inc. $12.88 ... |
|
|
2007 Presidential Dollars James Madison Philadelphia Mint Certified Roll of 20 coins from CA Inc. ... |
|
|
2007 Presidential Dollars Thomas Jefferson Denver Mint Certified Roll of 20 coins from CA Inc. ... |
|
|
Music From 'The Good, The Bad And The Ugly' & 'A Fistful Of Dollars' & 'For A Few Dollars More' $5.98 ... |
|
|
The Million Dollar Hotel: Music From The Motion Picture (2000 Film) $6.47 Wim Wenders's films are inextricably linked to their companion soundtracks, with music playing as essential a role as any star actor--just see Wings of Desire, Until the End of the World, and Paris, Texas for proof. And now we have The Million Dollar Hotel. On this outing Wenders turns to U2's Bono, who not only contributes two tracks from his band but also collaborates with a host of outstanding ... |
|
|
Once Upon a Time: The Essential Ennio Morricone Film Music Collection $15.82 ... |
|
|
Will the Real Shotgun Red Please Stand Up! - From Forty Dollars to Fame Country Music's Best Kept Secret $19.99 "Will the Real Shotgun Red, Please Stand Up..." is the answer to the questions asked by every Shotgun Red fan - "Who is the voice behind Shotgun Red?" "How does Shotgun Red Work?" This is a one hour in depth conversation with the creator of Shotgun Red, Steve Hall. You'll also see live performances from Steve Hall and the multi-talented Shotgun Red Band!... |
|
|
From the Heart of God [VHS] $17.96 ... |
|
|
Clint Eastwood: 35 Films 35 Years at Warner Bros. $170.98 Studio: Warner Home Video Release Date: 02/16/2010... |
|
|
Clint Eastwood Collection (Absolute Power / Dirty Harry / Gran Torino / Kelly's Heroes / Letters from Iwo Jima / Million Dollar Baby / Mystic River / The Rookie / Unforgiven / Where Eagles Dare) [Blu-ray] $101.70 Ten films variously starring and/or directed by Clint Eastwood.... |