Create an account with Govmint.com today. Bookmark this page (Ctrl+D) and come back to get the current melt value for this coin. The 1904-S Morgan dollar coin was also made at the San Francisco Mint, which made 2.3 million Morgan coins that year. [18], The Denver Mint, established in 1906, struck the coins for only one year, in 1921. Many other less-famous dates had lower mintages, but many 1889-CC Silver Dollars had an early demise. Five branches of the United States Mint manufactured Morgan Silver Dollars: Philadelphia, New Orleans, Carson City, San Francisco, and Denver (in 1921 only). However, the total melt value is continued below. In October 1889, Morgan Dollars once again began rolling off the mints presses, but only 350,000 coins were struck in the last three months of that year due to maintenance issues. The Nevada facility made 677,000 coins that year. Non-proof varieties are accounted for in annual mintage totals. some of the last surviving "Morgans" still in existence in all the world. Prices, facts, figures, and populations deemed accurate as of the date of publication but may change significantly over time. However, when a Morgan is difficult to obtain and in demand, like a Key Date, it will have often carry a numismatic premium based on the mintage and condition. Morgan Silver Dollar Price List, for an even large list of morgan vlaues. The Bland-Allison Act gave birth to the Morgan silver dollar. The most desired coins in sets are known as Key Dates. Key Date Morgan Dollars are usually the hardest to find in the series and often carry value beyond their simple silver content. Some coins feature a CC or O privy mark in recognition of the historic Mint facilities in Carson City, NV and New Orleans, LA, respectively, where some of the original Morgan Dollars were minted. 1884 S Morgan Silver Dollar - $250,000 5.) This causes parts of the design to appear doubled or overlapped. 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. Minted in 1975 and 1976, the Bicentennial Dollars obverse was akin to the Eisenhower Dollar, with the exception of the dual-date addition of 1776-1976. Below the eagle and around its sides is a wreath of laurel to honor the nations achievements. 1 2 3 4 5 These coins were minted from 1878-1904 and then in 1921. [37] Authorization came at the behest of several hobby publications, who enlisted readers to contact their local congressmen and persuade them to pass necessary legislation. Thus the pure silver content was 371.25 gr = 24.056 g = 0.7735 oz t.[20], Mintage of the Morgan dollar remained relatively steady until the passage of the Sherman Silver Purchase Act on July 14, 1890. The vast majority were lost through melts or attrition. Each branch corresponds to a mintmark. Morgan Dollars invoke images of western salons and honky-tonks, with cowboys raising the stakes at poker games, and stagecoach robberies from outlaws looking to score a cache of these big, beautiful silver dollars. Of these, 500,000 used a reverse of the 1878 design, so the eagle and the arrows appear flatter. This is a short abbreviation on the coin that tells you the location where it came from: In the case of coins from the Philadelphia Mint, the mintmark is omitted. The coin was designed by U.S. Mint Chief Engraver Frank Gasparro. Morgan Silver Dollar Paperweights "1880 & 1904" . The Philadelphia Mint produced three versions: Buy the 2021 Morgan Dollar in the Mints online catalog. Their artistic excellence and craftsmanship represented the aspirations of a country evolving into a world power. Over time, numismatists and coin grading services have refined and agreed upon specific definitions, descriptions and numeric values that help all coin collectors describe coins accurately when buying or selling. CoinTrackers.com is an invaluable resource dedicated to helping the coin collector and silver community. Will also trade for silver rounds: 1885 P$42 1921 P$42 1889 P$45 1885 P$42 1921 P$41 $20.1638 is the rounded silver value for the 1878-1921 silver Morgan dollar on April 13, 2023. Two pieces of legislation in the United States bookend the history of the Morgan dollar. His iconic design is one of the most recognized coin designs in the world. Join us today for FREE! As a result, over 270,000,000 Morgan Dollars were melted - almost half the entire mintage from 1878-1904. 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. 1884 S Morgan Silver Dollar - $250,000 5.) Proof-like 1895-O Morgan dollar (reverse). Many have a proof-like surface and they are typically well struck. 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. House Bill 6192 (2021 Silver Dollar Coin Anniversary Act) allows production of Morgan and Silver dollars at 26.73g and no less than 90% silver (24.057g = 0.7735 oz t). Although the silver dollar had been regarded as the cornerstone of the American monetary system, during its early history the denomination experienced sporadic circulation and long interruptions in production. In order to mint the coin on the Dollar the die needed to be larger and the words half dollar were replaced with "one dollar". size: Ball is 3 inches in diameter / Stand is 2.5 inches by 2.5 inches L. no. 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". There is a single small M at the base of Liberty's neck as a tribute to the designer, George T. Morgan. As far as Morgan and the rest of the nation was concerned, the era of the Silver Dollar had come to an end. Prices for an 1897-O Morgan dollar start at $29 for a coin in very good, circulated condition (VG-8) and go up to $56,000 for a coin in mint condition that has never been circulated, with a high-quality silver luster (MS-65). This is not a coin you want to carry around in your pocket. One Hundred Years of Silver Dollar Coinage (1878-1978), passage of the 1890 Sherman Silver Purchase Act. When demand and silver bullion supplies dropped as a result of this legislation, production of the Morgan Dollar was suspended in 1904 at all U.S. Mint facilities. Free shipping for many products! Some of them have earned fascinating nicknames. There, he continued to learn under the watchful eye of the legendary English engraver, Leonard Charles Wyon. 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 coin is named after its designer, United States Mint Assistant Engraver George T. Morgan. [6] This same amendment allowed for the issuance of silver certificates for the first time in United States history. Latest Offers, Straight To Your Inbox. The additional inscriptions UNITED STATES OF AMERICA and ONE DOLLAR appear surrounding, separated by stars. By continuing to browse our site, you agree that you have read and understand our Privacy Policy. 1889 CC Morgan Silver Dollar - $280,000 4.) Morgan Dollars contain three-quarters of an ounce of 90% silver, mined from Nevada's legendary Comstock Lode. The 1889-CC Morgan Dollar is a Key Date coin that has a limited supply with increasing demand. Bag marks are caused from the coins coming into contact with each other. It was the first standard silver dollar minted since the passage of the Coinage Act of 1873, which ended the free coining of silver and the production of the previous design, the Seated Liberty dollar. For the best experience on our site, be sure to turn on Javascript in your browser. No silver dollar coins were minted in the U.S. from 1905-1920. United States Mint All Rights Reserved. Prices start at $550 for a coin in very good, circulated condition (VG-8), and go up to $300,000. Choice of 2. Since 2012, dollar coins have only been minted and issued as numismatic items. If your Morgan dollar is a special variety, it will likely command a higher price. 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. Morgan Dollar, MS | Morgan Dollar, PR | Morgan Dollar, SP. This is the rarest of all Morgan dollars, as only 100,000 were produced in the California facility that year. [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. All rights reserved. It was passed in Congress in February of 1878. 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. [10] Morgan's friend, artist Thomas Eakins, suggested he use Anna Willess Williams of Philadelphia as a model. As a general rule, these coins had higher mintages. The 1897-O Morgan dollar coin was made at the New Orleans Mint and was one of about 4 million Morgan coins manufactured that year. Upon his arrival at the U.S. Mint in Pennsylvania, Morgan was assigned the task of designing the Silver Dollar and working on patterns for the Half Dollar. That year also saw the introduction of the Peace dollar. However, certain issues of the series had low mintages or experienced heavy circulation and melting, resulting in a very limited number of survivors. When you buy Morgan Dollars at GovMint.com you can rest assured that you are buying authentic United States coinage. There are seven stars appearing to the left of the portrait and six stars appearing to the right. (Gold and silver are measured in troy ounces.) The 2021 Morgan Dollars were minted in the active mints of Philadelphia (no mint mark), Denver (D), and San Francisco (S). It marked the first $1 coin issued in the U.S. in five years (aside from the "Trade dollar"). Numismatists have even traced the history of each VAM to the dies used to strike the coins. This hefty silver coin has enthralled American coin collectors for generations. This is why you should consult a numismatic expert to appraise the value of your coin when youre ready to sell. It now only shows the 10 most valauble Morgans. The dollar was authorized by the BlandAllison Act. "[8] An agreement was reached between Linderman and Morgan for the engraver to work at the Philadelphia Mint under Chief Engraver William Barber on a six-month trial basis. The US Mint originally decided to continue the Morgan and Peace Dollar program for 2022 and beyond[44] minted in San Francisco (S) with a proof finish, but on March 14, 2022, announced that the planned 2022 releases had been scrapped due to "supply chain issues, production capacity and shipping logistics", and the rising price of silver, with plans to resume the program in 2023.[45]. In response to economic conditions and pressure from the silver mining industry, the Bland-Allison Act was passed in 1878 to restore the standard silver dollar. Morgan Silver Dollars are one of the most popular silver coins among collectors and silver investors. [21], Beginning early in 1893, a number of industrial firms, including the Philadelphia and Reading Railroad and the National Cordage Company went bankrupt. 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. This means the coin is worth $17.96 based off its silver content alone. The large size of the Morgan Dollar makes it difficult to strike up the design fully. However, unlike some of the other coins, we see a significant increase in value in high-end condition. Calculate 90% silver value : ( 26.07 .0321507466 26.73 .90) = $20.1638519270. Registered users receive faster checkout, enhanced order tracking options and special promotions. [13] The first acceptable strike, after adjustments to the press, was coined at 3:17p.m. at the Philadelphia Mint. There are also Semi-Key Dates or simply Semi-Keys that are the next level of difficult-to-obtain coins after Keys.. The 1879-CC Clear CC Morgan dollar coin was made at the Carson City Mint. They were designed by George T. Morgan, for whom the coin was colloquially renamed by numismatists and others involved with the coin hobby. Morgan Silver Dollar Key Dates- learn about key, semi-key, and better dates. 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. Most passed through the U.S. economy when a 90% silver dollar was a day's pay for many Americans. $80 each / BEST OFFER for BOTH *TWO (2) AVAILABLE Dates "1880 & 1904"420 * Encased in Lucite - Round "Ball Shape" on stand / Genuine Silver Dollars Approx. The 1894-S Morgan dollar coin was made at the San Francisco Mint, which used the S letter mark. Since the Pennsylvania facility only made 110,000 silver dollars in 1894, these coins are considered the second rarest of all Morgan dollars and are often forged from less valuable 1894 dollars. Silver $25.16 ( +0.09) as of 04-12 08:03 AM EST. The 1879-CC Morgan dollar coin was made at the Carson City Mint. 1896 O Morgan Silver Dollar - $140,000 Both coins are "0.858 troy oz. Again, it will always depend on the exact condition of the coin. Collectors are drawn to the large size, classic design, and relatively robust availability. By the time he eventually retired in 1924, George T. Morgan had worked at the U.S. Mint for an amazing 48 years. [8], Morgan arrived in Philadelphia on October 9, 1876. The Morgan Dollar is minted in 90% silver and 10% copper. [3], In 1876, Director of the Mint Henry Linderman began efforts to redesign the nation's silver coins. However, the coins reverse underwent a more extensive change. Morgan Silver Dollars were minted continuously from 1878 until 1904. In 2021, the U.S. Mint re-issued the Morgan Dollar in honor of its last year of minting in 1921. [35] In total, the sales generated $107million in revenue. In mid-1876, Morgan's career took an unexpected turn. This was the last year for the Morgan. 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. E PLURIBUS UNUM is above Libertys head, with 13 stars below. 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. 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 Morgan Dollar Obverse Design bears a beautiful close-up profile of Lady Liberty facing left, wearing a Phrygian crown that symbolizes freedom, encircled with a ribbon inscribed with LIBERTY. This coin marked the first time a portrait of a U.S. president was authorized to appear on a circulating dollar coin. Other varieties of the 1878 coin feature different numbers of tail feathers on the eagle. These coins were minted from 1878-1904 and then in 1921. The actual number may be greater than this, but in comparison with the number minted, that figure is staggering. It also included verbiage stating that the government would mint 2 million silver dollars per month, leading to the origin of the Morgan Silver Dollar. Coin grading is the expression of an opinion that describes the condition of an individual coin that most dealers and collectors would agree with. In fact, Silver Dollars circulated widely only in the sparsely-populated West, but in the rest of the country they were stockpiled in banks and U.S. Treasury Department vaults. 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. The 1901 unmarked Morgan Dollar coin was made at the Philadelphia Mint, which was the only facility that did not put a letter mark on Morgans. The San Francisco Mint made 3.2 million of the 1884-S Morgan dollar coins. The obverse of the Morgan Dollar features the head of Liberty, facing left. The Act had the additional impact of restarting the production of Morgan Dollar for a single year in 1921, when more than 80 million pieces were struck across three mint facilities. Morgan dollar, proof coins were made in small, limited productions and given special care. Expect to pay $175.00 to $225.00 for MS-65 (Gem BU) dollar. The remaining quantity was simply held in storage. Popular Morgan Dollars If your Morgan dollar is a special variety, it will likely command a higher price. [4] Under the act, bullion producers were allowed to bring bullion to the mints in order to be cast into bars or coined into the newly authorized trade dollars for a small fee. 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. The 1896-O Morgan Dollar coin was made at the New Orleans Mint. The next year, New Orleans joined in, and, like San Francisco and Philadelphia, would manufacture Morgan Dollars through 1904. 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). Adhering to the requirements written in the Coinage Act of April 2, 1792 (1 Stat. Several different branches of the U.S. Mint struck Morgan dollars. This marked the first time in our nations history that designs on circulating coins would honor an anniversary of Americas independence. 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. From 1879 until 1885 the United States Mint only made Proof coins specifically for coin collectors. The Morgan Dollar Reverse Design features an eagle with wings outspread with the motto, IN GOD WE TRUST above. 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. 1878-S "Funky Feather" Morgan dollar. The 1892-S Morgan Dollar, PR | Morgan Dollar makes it difficult strike... Made at list of morgan silver dollars San Francisco and Philadelphia, would manufacture Morgan Dollars if your Morgan,. 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