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Silver Morgan

The Morgan dollar was a United States dollar coin minted from 1878 to 1904, and again in 1921. It was the first standard silver dollar minted since production of the previous design, the Seated Liberty dollar, ceased due to the passage of the Coinage Act of 1873, which also ended the free coining of silver. The coin is named after its designer, United States Mint Assistant Engraver George T. Morgan. The obverse depicts a profile portrait representing Liberty, while the reverse depicts an eagle with wings outstretched.
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About Coin

About The Silver Morgan Coin

The Morgan dollar was a United States dollar coin minted from 1878 to 1904, and again in 1921. It was the first standard silver dollar minted since production of the previous design, the Seated Liberty dollar, ceased due to the passage of the Coinage Act of 1873, which also ended the free coining of silver. The coin is named after its designer, United States Mint Assistant Engraver George T. Morgan. The obverse depicts a profile portrait representing Liberty, while the reverse depicts an eagle with wings outstretched.
Gold IRA, Silver IRA, Precious Metals IRA, Buy Gold, Buy Silver, Invest In Gold, Invest In Silver, Gold Investment, Silver Investment, Precious Metals Investment, Gold Home Delivery, Silver Home Delivery, Platinum Investment, Palladium Investment, Diversify Retirement Portfolio, Hedge Against Inflation, Safe Haven Investments

Obverse Silver Morgan

Design : Liberty
Designer : George T. Morgan
Design date : 1878

Reverse Silver Morgan

Design : Eagle clasping arrows and olive branch
Designer :  George T. Morgan
Design  date :  1878

Gold IRA, Silver IRA, Precious Metals IRA, Buy Gold, Buy Silver, Invest In Gold, Invest In Silver, Gold Investment, Silver Investment, Precious Metals Investment, Gold Home Delivery, Silver Home Delivery, Platinum Investment, Palladium Investment, Diversify Retirement Portfolio, Hedge Against Inflation, Safe Haven Investments
Coin Weights

NA

Morgan dollar Coin Specifications

Value : 1 United States dollar
Mass : 26.73 g (412½ gr)
Diameter : 38.1 mm (1.5 in)
Thickness : 2.4 mm
Edge : Reeded
Composition :

  • 90.0% Silver
  • 10.0% Copper

Years of minting : 1878-1904, 1921
Mint marks : 

  • None (Philadelphia)
  • CC (Carson City)
  • S (San Francisco)
  • O (New Orleans)
  • D (Denver)

Frequently Asked Questions

FAQs

There are three important reasons to consider American Gold Metals Inc. After acquiring your precious metals, we provide a follow-up service designed to keep you informed on economic and/or geopolitical events that could affect the gold or silver market. Keeping you informed in real time allows you to be proactive in your decisions.
Second: We are a member of NGC (Numismatic Guarantee Corporation), PCGS (Professional Coin Grading Service) and ANA (American Numismatic Association). We are also a company with decades of precious metals experience. We believe that integrity still matters and our record of service to our clients is a priceless commodity.
Finally by substantially reducing overhead costs, and running a more efficient, customer oriented business, we are able to provide the very best prices for precious metal products.

Setting up a precious metals IRA involves several steps:
1. Choose a custodian: Select a reputable custodian specializing in self-directed IRAs that handle precious metals.
2. Fund the account: Transfer or rollover funds from an existing IRA or 401(k).
3. Purchase metals: Work with a dealer to buy IRS-approved precious metals.

The dollar was authorized by the Bland–Allison Act. Following the passage of the 1873 act, mining interests lobbied to restore free silver, which would require the Mint to accept all silver presented to it and return it, struck into coin. Instead, the Bland–Allison 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. In 1890, the Bland–Allison Act was repealed by the Sherman Silver Purchase Act, which required the Treasury to purchase 4,500,000 troy ounces (140,000 kg) of silver each month, but only required further silver dollar production for one year. This act, once again, was repealed in 1893.

In 1898, Congress approved a bill that required all remaining bullion purchased under the Sherman Silver Purchase Act to be coined into silver dollars. When those silver reserves were depleted in 1904, the Mint ceased to strike the Morgan dollar. The Pittman Act, passed in 1918, authorized the melting and recoining of millions of silver dollars. Pursuant to the act, Morgan dollars resumed mintage for one year in 1921. The design was replaced by the Peace dollar later the same year.

In the early 1960s, a large quantity of uncirculated Morgan dollars in their original bags were discovered in the Treasury vaults, including issues once thought rare. Individuals began purchasing large quantities of the pieces at face value, and eventually the Treasury ceased exchanging silver certificates for silver coin. Beginning in the 1970s, the Treasury conducted a sale of silver dollars minted at the Carson City Mint through the General Services Administration. In 2006, Morgan’s reverse design was used on a silver dollar issued to commemorate the old San Francisco Mint building.

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