The mint mark of Morgan Dollars struck at the branch mints appears below the bow in the wreath on the reverse design. This act, once again, was repealed in 1893. 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. 2021 MORGAN & PEACE SILVER DOLLARS 6 COIN SET - $1,350 (BATH) . "[12], Production of the coins did not commence until March11, more than a week after the passage of the BlandAllison Act. In England, he had studied and worked for the Wyon family, best known for their minting of several American colonial coinage issues. Morgan Dollars are large and heavy coins that are made out of silver which is relatively soft and malleable. Morgan and Peace Dollar coins each embodied the spirit of America when they were minted. 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. Without the required government purchases of silver, the production of silver dollars promptly declined, leading to the creation of numerous low mintage issues. The 1889-CC Morgan Dollar is a Key Date coin that has a limited supply with increasing demand. The wing feathers of the eagle on the reverse design are noticeably crude. [15] Dies were eventually sent to the Western mints, arriving in both San Francisco and Carson City on April 16, 1878. This variety is from the first year the Morgan dollar was issued. Morgan Dollar contain 26.73 grams of .900 fine silver and .100 copper for a total net weight of .77344 ounces of pure silver. The 1884 Proof Trade Dollar is the second lowest mintage of any Trade Dollar. Each branch corresponds to a mintmark. However, the coins reverse underwent a more extensive change. This is why you should consult a numismatic expert to appraise the value of your coin when youre ready to sell. On December 31, 1970, President Richard M. Nixon signed into law the Bank Holding Company Act Amendments of 1970. [16] The reason for the changes was to reduce the relief of the designs and to change the number of tail feathers on the eagle from eight to seven; this was done because all prior United States coinage depicted the bald eagle as having an odd number of tail feathers. Due to a bad die, the coins were struck twice with the mark, resulting in a doubled effect. 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). 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). Latest Offers, Straight To Your Inbox. No silver dollar coins were struck by the Mint and issued into circulation after 1935. Coin Values Moving with Precious Metals: Up-Dated 4/10/2023: Gold $1991 | Silver $24.76 Morgan Silver Dollar Values Popular and always in demand, minimum Morgan silver dollar values begin at $22.59 for a heavily worn example. "[8] In response to Linderman's request, Fremantle wrote "My inquiries as to an Assistant Engraver lead me very strongly to recommend for the post Mr. George Morgan, age 30, who has made himself a considerable name, but for whom there is not much opening at present in this country. Morgan Dollar The Morgan dollar, designed by George T. Morgan, was struck intermittently from 1878 to 1921. 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. Morgans were minted in Philadelphia (no mint mark), San Francisco (S), New Orleans (O), Carson City (CC) and Denver (D), and carry the U.S. branchs specific mint marks except for Philadelphia struck issues. Popular Morgan Dollars If your Morgan dollar is a special variety, it will likely command a higher price. 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. Expect to pay $175.00 to $225.00 for MS-65 (Gem BU) dollar. At this time, the U.S. Mint struck no circulating Silver Dollars, but the Mint realized it was only a matter of time before a Silver Dollar would be called for once again. The Nevada facility made 756,000 of these double-stamped Morgans in 1879. 1921 Morgan Silver Dollar - $36 (N Olmsted) image 1 of 5 QR Code Link to This Post. The coinage was short-lived, lasting only through 1935. 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. make / manufacturer: US Mint. In 1898, Congress approved a bill that required all remaining bullion purchased under the Sherman Silver Purchase Act to be coined into silver dollars. [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. The Bland-Allison Act gave birth to the Morgan silver dollar. Prices start at $550 for a coin in very good, circulated condition (VG-8), and go up to $300,000. Collectors are drawn to the large size, classic design, and relatively robust availability. The Philadelphia Mints 1895 proof production is believed to have consisted of only 12,000 coins. Today only about 17% of original Morgan mintages are estimated to survive. On July 23, 1965, President Johnson approved the Coinage Act of 1965, which removed silver from circulating coins and authorized that clad coins be used for the half dollar, quarter, and dime. We invite you to compare and check numismatic . 1891 portrait of Anna Willess Williams. Prices start at $2,430 for a coin in very good, circulated condition (VG-8), and go up to $300,000. of .999 fine silver with an uncirculated finish"[42] Morgan Dollars were made available for purchase in May 2021, and sold out on the U.S. Mint website in 45 minutes, and had a staggered order window based on the different mint marks. Local coin sale only. The Pennsylvania facility made over 6 million silver dollars that year. 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. Beginning in the 1970s, the Treasury conducted a sale of silver dollars minted at the Carson City Mint through the General Services Administration. You're probably thinking: That's quite a wide range! It represented the country's westward expansion and industrial development in the late 19th century. This large, heavy, handsome, historic silver dollar was named after its designer, George Thomas Morgan, the 7th Chief Engraver of the U.S. Mint. The reverse (tails) depicts an eagle with outstretched wings clasping arrows and an olive branch, accompanied by a wreath. 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 collectible coin market is unregulated, highly speculative and involves risk. Prices start at $150 for a coin in very good, circulated condition (VG-8), and go up to $38,000 for a coin in mint condition. 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. The Deputy Master of The Royal Mint received a letter from the Director of the U.S. Mint in Philadelphia, H.R. [16] During the second week of production, Linderman pointed out what he called a "slight imperfection" in the dies for the dollar. The reverse design features a bald eagle with its wings outstretched, framed within a small, open wreath. One leading authentication service estimates that they have seen 1.4 million of these historic silver dollars. Dollars. model name / number: Morgan Silver Dollar. "[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. Image source: Chalkboard Champions. L. no. Although Morgan silver dollars are still legal tender in the U.S., they are worth far more than just $1 to coin collectors. [27] The Pittman Act authorized the U.S. to melt up to 350,000,000 silver dollars,[27] and this commenced immediately after the Act's passage. Like its predecessor, the Bicentennial Dollar was minted with two different compositions and was struck at the Philadelphia, Denver, and San Francisco Mints. It is highly sought after by collectors and investors alike. Calculate 10% copper value : Today, prices start at $40 for a coin in very good, circulated condition (VG-8) and go up to $5,750 for a coin in mint condition that has never been circulated, with a high-quality silver luster (MS-65). Prices for a 1894 unmarked Morgan Dollar start at $1,200 for a coin in very good, circulated condition (VG-8) and go up to $45,250 for a coin in mint condition that has never been circulated, with a high-quality silver luster (MS-65). A special thank you to the U.S. Mint Historians Office and the U.S. Mint Curator for assisting with this article. Adhering to the requirements written in the Coinage Act of April 2, 1792 (1 Stat. As far as Morgan and the rest of the nation was concerned, the era of the Silver Dollar had come to an end. 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. This one is tied with the next two on this list, but we've ranked them in order based on their starting prices. The first U.S. Silver Dollars were struck in 1794, but American merchants kept the heavier and more valuable Spanish coins for themselves and exported the lighter U.S. coins to Europe for trade. The designers initial, appearing as a single M, is found on the truncation of the neck. Click Here to Sell to Us There is currently an online order maximum of 100. 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. By this time, most Americans preferred to use paper money instead of carrying around heavy Silver Dollars. Their artistic excellence and craftsmanship represented the aspirations of a country evolving into a world power. The quality of the strikes vary from strong to weak, depending on the year and mint. The Act also created paper currency known as silver certificates, which were backed by the exact amount of silver dollars retained by the Treasury. [9] In 1876, Morgan enrolled as a student at the Pennsylvania Academy of the Fine Arts to prepare to create a new Liberty head design. 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. 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. Free shipping for many products! Prices start at $225 for a coin in very good, circulated condition (VG-8), you can earn up to $30,000 for a coin in mint condition. The result is that the 1889-CC Morgan Dollar is one of the lower mintage issues of the entire Morgan series. Linderman favored the designs created by Morgan and production of the new silver dollars would commence on March 11, 1878, about a week after the passage of the Bland-Allison Act. Prices in USD Change. The US Mint then released order information for both dollars, priced at $85 apiece. In 1873, Congress enacted the Fourth Coinage Act,[1] which effectively ended the bimetallic standard in the United States by demonetizing silver bullion. Morgan dollar CC mint mark. Following the celebration, the original design of the Eisenhower Dollar (single date and eagle reverse design) returned to circulation. The great big list of Morgan Silver Dollar important dates, also known by collectors as Key Dates. None have ever been as popular as the iconic Morgan or Peace Dollars. In mid-1876, Morgan's career took an unexpected turn. Proof coins were usually given as gifts to politicians or visiting dignitaries, and few survive today. Several different branches of the U.S. Mint struck Morgan dollars. Some of them have earned fascinating nicknames. Supply and demand moves all markets, and with the Morgan Dollar, availability and demand drives pricing. [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. Morgan Dollars contain 26.73 grams of .900 fine silver and .100 copper for a total net weight of .77344 ounces of pure silver. 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. Again, it will always depend on the exact condition of the coin. 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. 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. [35] The GSA conducted a total of seven mail bid sales between 1972 and 1980. Prices start at $350 for a coin in very good, circulated condition (VG-8) and go up to $25,300 for a coin in mint condition that has never been circulated, with a high-quality silver luster (MS-65). The 1883-S Morgan dollar coin was made at the San Francisco Mint as one of 6.25 million Morgan coins that were made that year. In December 1921, Treasury Secretary Andrew Mellon approved the Peace Dollar to replace the Morgan Dollar. Morgan dollars were struck at five U.S. mints - Philadelphia, New Orleans, Carson City, Denver and San Francisco - and the series has many key-date issues and exciting, sought-after varieties. The 2021 Morgan Dollar is part of the Morgan and Peace Dollar Anniversary Coin Program. 1.) 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. [32], Until 1964, U.S. citizens could redeem paper money known as silver certificates for silver dollars at a U.S. Treasury mint on demand. This causes parts of the design to appear doubled or overlapped. These last Peace Dollars were struck at the Philadelphia, Denver, and San Francisco Mints. In order to satisfy the Pittman Act, production of the Morgan Dollar resumed in 1921 at Philadelphia, San Francisco, and for the first time Denver. "Hot Lips" Morgan dollar VAM. [21] The silver that remained after mintage of the dollars was used to mint dimes, quarters and half dollars. Today, Morgans range considerably in value. The majority of Morgan Dollars found today can be linked to one of four major hoards. The Mint will produce the 2021 Morgan Dollar with an uncirculated finish in five versions to recognize the Mint facilities that minted the original coin. 1 2 3 4 5 List of 10 Most Valuable Morgan Silver Dollars 1.) The dollar was authorized by the BlandAllison Act. Uncirculated silver Morgan dollar coins garner the highest prices. Despite these large purchases, the price of silver dropped and the world entered a financial panic caused in part by the silver issue. The Nevada facility made 677,000 coins that year. It was also the first circulating silver dollar coin minted since 1935. Once unknown, these are now a favorite among collectors. New York sculptor Anthony de Francisci's imagery won a competition for the . [24] The act was repealed on November 1, 1893. Prices start at $95 for a coin in very good, circulated condition (VG-8) and go up to $6,000 for a coin in mint condition that has never been circulated. The dollars were produced every year between 1878 and 1904 at a total of four different mints. The 1896-O Morgan Dollar coin was made at the New Orleans Mint. Prices start at $27 for a coin in good, circulated condition (G-4) and go up to $8,500 for an impeccable coin. A cap, flora, and a crown incused with the word LIBERTY adorn her head, while 13 stars, E PLURIBUS UNUM, and the date of issuance encircle her. More information about these products will be available in the upcoming weeks on our website and social media channels. [30] The Peace dollar was supposedly minted to replace the Morgan dollar under the terms of the Pittman Act but without congressional authorization, despite the fact that the Act did not describe the coin design. Since the New Orleans Mint relied on silver coin production for business, this ultimately led to its shutdown as a Mint facility. Morgan Silver Dollars are one of the most popular silver coins among collectors and silver investors. Selling some of silver collection. Although Trade dollars were produced from 1873-1878, they were meant for circulation overseas and were not legal tender in America. This Act was especially important in the history of the United States, because it established the U.S. Mint in Philadelphia and specified the Silver Dollar as the highest-denomination silver coin. [33][34] This incident triggered huge interest, and between November 1962 and March 1964, millions of Morgan and Peace dollars were sold to the general public. 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. Its fine silver weight is 0.77344 troy oz. The 1921 Morgan dollar was the last coin in the series. They chose the design via a competition. They were made in five different U.S. Treasury locations, and each mint had its own special letter designation stamped on the coins. The Bland-Allison Act re-authorized the standard silver dollar to the weight and fineness as stated in the Act of January 18, 1837 (26.73 grams; .900 silver, .100 copper). 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. Morgan Silver Dollars were minted continuously from 1878 until 1904. 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). The mint mark, if present, appears on the reverse above between D and O in "Dollar". The Morgan Dollar is minted in 90% silver and 10% copper. 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. The 2021 Morgan Dollar is part of the Morgan and Peace Dollar Anniversary Coin Program. [39] Mint artist Joseph Menna made a new model for the reverse, employing a 1904 San Francisco-minted dollar as his model.[40]. So if there is no mintmark, you'll know your coin comes from Philadelphia. 1901 Morgan Silver Dollar - $425,500 3.) Prices, facts, figures, and populations deemed accurate as of the date of publication but may change significantly over time. Rare Collectibles TV offers the finest selection of Morgan dollars available. Here is a list of values for every Morgan dollar minted from 1878 through 1904, as well as 1921. The Nevada facility made 756,000 Morgans that year, including ones with both clear and double-stamped CC marks. Prices for an 1896-O Morgan Dollar start as low as $34 for a coin in very good, circulated condition (VG-8) and go up to $69,000 for a coin in mint condition that has never been circulated, with a high-quality silver luster (MS-65). 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. The 1893-CC Morgan dollar coin was made at the Carson City Mint. The theme of "peace" was a celebration of the end of the First World War. Bookmark this page (Ctrl+D) and come back to get the current melt value for this coin. JavaScript seems to be disabled in your browser. This is important to know because certain mints produced less coins in a given year than others. The coin was originally designed by George T. Morgan, and thus the name Morgan Dollars. 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. Prices start at $200 for a coin in very good, circulated condition (VG-8) and go up to as high as $115,000. [6] The bill was vetoed by President Rutherford B. [25] In June of that year, President Grover Cleveland, who believed that the Panic was caused by the inflation generated by the Sherman Silver Purchase Act, called a special session of Congress in order to repeal it. And 10 % copper of four major hoards as far as Morgan and the rest the! 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