Supply and demand moves all markets, and with the Morgan Dollar, availability and demand drives pricing. Here's a rundown on the most rare and valuable Morgan dollars, how many were made, and what they're worth: 1878-CC Morgan dollar, 2,212,000 minted; $110+ 1879-CC Morgan dollar, 756,000 minted; $275+ 1880-CC Morgan dollar, 495,000 minted; $220 1881-CC Morgan dollar, 296,000 minted; $400+ 1882-CC Morgan dollar, 1,133,000 minted; $105+ Their artistic excellence and craftsmanship represented the aspirations of a country evolving into a world power. Morgan Silver Dollars were minted continuously from 1878 until 1904. 1901 Morgan Silver Dollar - $425,500 3.) (adsbygoogle = window.adsbygoogle || []).push({}); Checkout Top 10 Most Valuable Morgan Silver Dollars or get the full Consult the latest NGC Census Data for Morgan Silver Dollar populations. The Peace Dollar was struck from 1921-1928, at which point demand for the dollar was low, and the silver supply resulting from the Pittman Act ran out. [35] The GSA conducted a total of seven mail bid sales between 1972 and 1980. 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. Their price depends on several factors, including the number of coins minted in a specific year, the city where they were made and the coins current condition, with uncirculated coins being more rare and valuable. Due to a bad die, the coins were struck twice with the mark, resulting in a doubled effect. U.S. Mint records indicate that only ten Proof Trade Dollars were minted in 1884. 2021 100th Anniversary Coins. Here is a list of values for every Morgan dollar minted from 1878 through 1904, as well as 1921. 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. That makes them less expensive than their counterparts from other mints. When he came to the United States in 1876, he was hired as the assistant engraver of William Barber and started working on a number of patterns for the half dollar. Our price of $39.00 each is guaranteed $50-$65 lower than several leading national retailers. They recommended a mail bid sale. Own the Beautiful & Classic Morgan Silver Dollar. 2021 MORGAN & PEACE SILVER DOLLARS 6 COIN SET - $1,350 (BATH) . "[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. size: Ball is 3 inches in diameter / Stand is 2.5 inches by 2.5 inches Join us today for FREE! By continuing to browse our site, you agree that you have read and understand our Privacy Policy. Before the nation could truly benefit from this discovery, previous legislation demonetizing silver first had to be overcome. Above the crown are cotton and wheat that decorate the ribbon that symbolized the reconciliation of the North and South following the Civil War. Morgan Dollars are large and heavy coins that are made out of silver which is relatively soft and malleable. For the NASCAR team formerly known as Morgan-Dollar Motorsports, see. The Nevada facility made 756,000 of these double-stamped Morgans in 1879. Popular Morgan Dollars If your Morgan dollar is a special variety, it will likely command a higher price. Prices start at $200 for a coin in very good, circulated condition (VG-8) and go up to as high as $115,000. [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 CFA chose the work of notable Italian American artist Anthony de Francisci. In honor of the 100th anniversary of the last year of the. 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. Find many great new & used options and get the best deals for 2 1878 Morgan Silver Dollar 8TF VAM 23 Top 100 Double Lips NGC MS 62 Proof-like at the best online prices at eBay! In 1918, Congress passed the Pittman Act to replenish the government's reserves of silver bullion by officially melting millions of the Morgan Silver Dollars stored in Treasury vaults. Morgan Silver Dollar Key Dates- learn about key, semi-key, and better dates. 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. [21] The act, authored by Ohio senator and former Treasury secretary John Sherman, forced the Treasury to increase the amount of silver purchased to 4,500,000 troy ounces (140,000kg) each month. The reverse shows an American eagle holding a clutch of arrows, with the words United States One Dollar. The new coins were called Morgan silver dollars after their designer. 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. Today only about 17% of original Morgan mintages are estimated to survive. Morgan Dollars contain 26.73 grams of .900 fine silver and .100 copper for a total net weight of .77344 ounces of pure silver. Non-proof varieties are accounted for in annual mintage totals. From the onset of the series, the requirements of the Bland-Allison Act led to heavy silver dollar production, well in excess of the needs for commerce. The Mint Act of April 2, 1792 made it possible for the United States to strike its own coinage. We offer free shipping on orders of $149 or more and have a 30-day return policy for all non-bullion items. 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. Prices start at $47 for a coin in good, circulated condition (G-4) and go up to $30,724 for a coin in mint condition. The 1891-O Morgan dollar coin was made at the New Orleans Mint. US. [29] Another provision of the Pittman Act authorized the U.S. to mint a replacement coin for every silver dollar melted. The mint sourced its silver from the legendary Comstock Lode. Prices start at $550 for a coin in very good, circulated condition (VG-8), and go up to $300,000. The majority of Morgan Dollars found today can be linked to one of four major hoards. 1 oz South African Gold Krugerrand - Random Dates, 2019 Patriot 1 oz Proof Like Silver Round - American Revolution, 1 oz Canadian Platinum Maple Leaf - Random Date. $20.1638 is the rounded silver value for the 1878-1921 silver Morgan dollar on April 13, 2023. The first Morgan Dollar coins were struck in 1878 at the Philadelphia Mint. 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. 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. This series may be the most common of all 19th-century U.S. coins. 1893 S Morgan Silver Dollar - $550,000 2.) A list of linkable tags for topics mentioned on this page. PCGS CoinFacts estimates survivals are less than 10% of the mintage. In December 1921, Treasury Secretary Andrew Mellon approved the Peace Dollar to replace the Morgan Dollar. The 1904-S Morgan dollar coin was also made at the San Francisco Mint, which made 2.3 million Morgan coins that year. 1893 O Morgan Silver Dollar - $180,000 6.) High demand of these coins led to controversy over U.S. Mint ordering procedures and resulted in delays from the originally intended release dates. The wing feathers of the eagle on the reverse design are noticeably crude. This was the last year for the Morgan. 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. Was it part of a famous collection or hoard? Although Morgan silver dollars are still legal tender in the U.S., they are worth far more than just $1 to coin collectors. [10], On October 18, 1877, Linderman requested Superintendent of the Philadelphia Mint James Pollock to "instruct Mr. Morgan to prepare without delay, dies for a silver dollar, the designs, inscriptions, and arrangement thereof to be the same as the enclosed impression for the Half Dollar and numbered '2' substituting the words 'one dollar' in place of 'half dollar'". These last Peace Dollars were struck at the Philadelphia, Denver, and San Francisco Mints. and new product arrivals. Six months later nearly 25 million Peace Dollars had been minted. [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. It marked the first $1 coin issued in the U.S. in five years (aside from the "Trade dollar"). The middle of the S can be seen on this coin inside the O. Its unknown how many of these hybrids were struck. Prices start at $34 for a coin in very good, circulated condition (VG-8), but very lucky collectors can get as much as $149,500 for one in mint condition. Due to the high original Morgan Dollar mintages, many issues are readily available even in gem grades. Born in 1845, Morgan attended the Birmingham Art School before winning a scholarship to the prestigious South Kensington Art School in London. The coinage was short-lived, lasting only through 1935. 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. The eagle is clutching both an olive branch and 3 arrows in its talons, symbolizing peace, yet readiness for war. The 1889-CC Morgan dollar coin was made at the Carson City Mint, which only made 350,000 Morgans that year. This list details also details semi-key, and better dates. A special thank you to the U.S. Mint Historians Office and the U.S. Mint Curator for assisting with this article. [13], Linderman desired to involve the western mints of San Francisco and Carson City in production in order to help reach the monthly quota necessary under the BlandAllison Act. [10] For the representation of Liberty, Morgan sought to depict an American woman rather than the usual Greekstyle figures. [3] With such a system in place, bullion producers could have silver coined into dollars when the intrinsic value of a silver dollar was lower than the face value, thus making a profit, flooding the money supply and causing inflation. Two-thirds of the Philadelphia-minted dollars contained "privy marks" for the now defunct Carson City (CC) and New Orleans (O) mints. Your browser is out of date. 1889 CC Morgan Silver Dollar - $280,000 4.) 1878 Morgan Silver Dollar 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. Under the Pittman Act, a total of 230,232,722 silver dollars held in storage were melted. The 1879-CC Clear CC Morgan dollar coin was made at the Carson City Mint. The 1893-CC Morgan dollar coin was made at the Carson City Mint. The mintage on the coin was 12,760,000 and it is estimated that approximately half are still in mint state. It's the most valuable of the silver coins the United States has minted in the late 1800's and early 1900's partly because of it's size, and silver content. These are the Bland-Allison Act and the Sherman Silver Purchase Act. More information about these products will be available in the upcoming weeks on our website and social media channels. It contained 412.5 grains of 90% pure silver (or 371.25 gr = 24.056 g = 0.7735 oz t of pure silver). Linderman held a competition for the design of a new silver dollar, which was won by English engraver, George Morgan. The reverse (tails) depicts an eagle with outstretched wings clasping arrows and an olive branch, accompanied by a wreath. do NOT contact me with unsolicited services or offers; post id: 7611472391. posted: 2023-04-17 15:11. The 1888-O Morgan dollar coin was made at the New Orleans Mint. Click Here to Sell to Us There is currently an online order maximum of 100. The Pittman Act also required the government to purchase more silver to replace the melted coins, so the Morgan Silver Dollar was briefly revived one more time in 1921 until it was replaced later in the year with the Peace Silver Dollar. Prices in USD Change. A fracture in the die used to strike these coins left a prominent raised line on Lady Liberty's cheek. 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). After World War I, the Pittman Act of 1918 authorized the melting of millions of previously minted silver dollars (primarily Morgan Dollars). Since 2012, dollar coins have only been minted and issued as numismatic items. So if there is no mintmark, you'll know your coin comes from Philadelphia. Many other less-famous dates had lower mintages, but many 1889-CC Silver Dollars had an early demise. The coins made by the Denver and San Francisco Mint facilities bear D and S mint marks, respectively. The mint mark, if present, appears on the reverse above between D and O in "Dollar". The reverse design depicts an eagle perched on a mountain top, holding an olive branch in its talons, witnessing the dawn of a new day. The coin was from a bag of silver dollars in the vault of the Philadelphia Mint. This iconic silver dollar represented the country's westward expansion and industrial development in the late 19th century. The result is that the 1889-CC Morgan Dollar is one of the lower mintage issues of the entire Morgan series. The 2021 Morgan Dollar is part of the Morgan and Peace Dollar Anniversary Coin Program. 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 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. Free shipping for many products! It should not be used or construed as investment advice. Minted from 1878 to 1904, and again in 1921, the Morgan Dollar was designed by Mint Chief Engraver George T. Morgan (1845-1925). [33] The demand to exchange silver certificates for silver dollars was so great that lines formed outside of the Treasury Building in Washington, D.C. The coin is named after its designer, United States Mint Assistant Engraver George T. Morgan. 1896 O Morgan Silver Dollar - $140,000 In 1962, an individual redeemed a silver certificate and received a rare and valuable Morgan dollar in exchange. In fact, it's only the fourth coin to reach the four-figure mark with a current list price of $4,100 in MS60 condition. As a general rule, these coins had higher mintages. [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. It's updated every 15 minutes. CoinTrackers.com is an invaluable resource dedicated to helping the coin collector and silver community. Its fine silver weight is 0.77344 troy oz. There are seven stars appearing to the left of the portrait and six stars appearing to the right. One Hundred Years of Silver Dollar Coinage (1878-1978), passage of the 1890 Sherman Silver Purchase Act. [7] What came to be known as the BlandAllison Act required that the Treasury purchase between two and four million dollars' worth of silver per month, to be coined into silver dollars at the former gold/silver value ratio of 16:1, meaning that one ounce of gold would be valued the same as sixteen ounces of silver. As a result, over 270,000,000 Morgan Dollars were melted - almost half the entire mintage from 1878-1904. Thank you for signing up with United States Mint! [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. Learn How to Grade Morgan Silver Dollars [21] The silver that remained after mintage of the dollars was used to mint dimes, quarters and half dollars. The inscription E PLURIBUM UNUM appears above, with the date below. Consequently, this coin has the highest number of forgeries. Thank you for signing up with United States Mint! The landscape would change once again with the passage of the Pittman Act in 1918. It represented the countrys westward expansion and industrial development in the late 19th century. At the same time, legislation was also being worked to remove silver from coins because of the ongoing shortage. 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. 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. 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. Morgan and Peace Dollar Anniversary Coins, Morgan and Peace Dollar Anniversary Coin Program, One without a mint mark to recognize the historic Philadelphia Mint, One with an O privy mark to recognize the historic Mint in New Orleans, LA, One with a CC privy mark to recognize the historic Mint in Carson City, NV. The 1886-O Morgan dollar coin was made at the New Orleans Mint, which made 10.7 million Morgan coins that year. This stands for proof-like, meaning the coin has mirrored surfaces. These coins were minted from 1878-1904 and then in 1921. 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. In England, he had studied and worked for the Wyon family, best known for their minting of several American colonial coinage issues. Several different branches of the U.S. Mint struck Morgan dollars. [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 is minted in 90% silver and 10% copper. [22] Supporters of the act believed that an increase in the amount of silver purchased would result in inflation, helping to relieve the nation's farmers. This one is tied with the next two on this list, but we've ranked them in order based on their starting prices. Morgan Silver Dollar Price List, for an even large list of morgan vlaues. Depending on the date and mintmark, prices for a coin can range from about $30 to $10,000 or more. Eventually, the silver supply dropped, and the U.S. government passed the Bland-Allison Act to reinstate a silver coin in 1878 and appointed the task to U.S. Mint Director Henry Linderman. 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. Some of them have earned fascinating nicknames. Morgan used his fiancee, schoolteacher Anna Williams, as the model for the head of Liberty on one side of the coin. By 1890, a total of 360 million silver dollars had been produced, of which only one-sixth was estimated to have been released into circulation. 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). However, the coins reverse underwent a more extensive change. 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. 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 Nevada facility made 756,000 Morgans that year, including ones with both clear and double-stamped CC marks. The Louisiana facility made 4.9 million Morgan coins 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. 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. At near 27 grams and an inch and a half in diameter this baby is large and heavy by modern day coin standards. United States Mint All Rights Reserved. She was a teacher and writer in Philadelphia at the time. The Peace Dollar series would be introduced at the end of the year and used to fulfill the remaining production required under the Pittman Act. The Mint produced the 2021 Morgan Dollar with an uncirculated finish in five versions of the reverse to recognize the Mint facilities that minted the original coin. Buy Bulk Morgan Silver Dollars (1878-1904) Online Morgan Silver Dollars were minted from 1878 until 1904, and again in 1921. [24] Since the Treasury already had a surplus of silver dollars, minting of dollars dropped sharply beginning in 1892. Choice of 2. The new silver dollars would feature a design by George T. Morgan, an English-born immigrant. Many date and mintmark combination are worth well above minimum value. 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. It was only briefly in operation, however. [25] The resulting bank runs and failures became known as the Panic of 1893. Since the New Orleans Mint relied on silver coin production for business, this ultimately led to its shutdown as a Mint facility. This act restored silver as legal-tender. Pursuant to the act, Morgan dollars resumed mintage for one year in 1921. In 1873, Congress enacted the Fourth Coinage Act,[1] which effectively ended the bimetallic standard in the United States by demonetizing silver bullion. His design of Lady Liberty was modeled after Anna Willess Williams. Hayes. 1.) [35] Advertising consisted of posters and brochures distributed to post offices, banks and various financial institutions, as well as television documentaries. 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 1879-S Morgan dollar coin was also made at the San Francisco Mint. Rare Collectibles TV offers the finest selection of Morgan dollars available. 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. US Silver Dollar Lot Includes: 3 - 1921 Morgan Silver Dollars. Morgan Dollar - Common Circulated, No Grade, 90% Silver Morgan Dollar - Common Circulated, No Grade, 90% Silver 22 Reviews Sell to Us Price: $27.94 each. Minted from 1878 through 1921, it was originally and officially called the "Liberty Head Dollar" per the United States Mint. 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. These coins were minted from 1878-1904 and then in 1921. Although Trade dollars were produced from 1873-1878, they were meant for circulation overseas and were not legal tender in America. The quality of the strikes vary from strong to weak, depending on the year and mint. Image source: VAMWorld. This is the rarest of all Morgan dollars, as only 100,000 were produced in the California facility that year. Morgan Silver Dollar (1878-1921) Produced for more than 40 years, the Morgan Silver Dollar was in circulation longer than any other. The Morgan was the first silver dollar that was minted after the demonetization of silver set by congress in the Coinage Act of 1873. By the time he eventually retired in 1924, George T. Morgan had worked at the U.S. Mint for an amazing 48 years. During the mid-1970s, the quarter, half dollar, and dollar coins underwent a design transformation for the nations upcoming bicentennial celebration. [3], In 1876, Director of the Mint Henry Linderman began efforts to redesign the nation's silver coins. It was struck again in 1977 and1978, but this time only with the copper-nickel clad version. "[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. We would encourage you to review our Payment Methods FAQ for simple answers to common payment-related questions. Title Two of this Act and its various amendments authorized the Eisenhower Dollar Coin. The Pittman Act, passed in 1918, authorized the melting and recoining of millions of silver dollars. On December 18, 2020, the United States Senate unanimously approved the bill, and it was signed into law by President Donald Trump on January 5, 2021. They wanted to be ready when the time came. Morgan silver dollars range in price from as low as $20 to as high as tens of thousands of dollars. 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 of the Peace Dollar. The value of collectible Morgan silver dollars varies widely, with some fetching as much as $300,000. Of these, 500,000 used a reverse of the 1878 design, so the eagle and the arrows appear flatter. Calculate 10% copper value : Liberty Seated Dollar Values. Morgan Silver Dollar Paperweights "1880 & 1904" . In 1898, Congress approved a bill that required all remaining bullion purchased under the Sherman Silver Purchase Act to be coined into silver dollars. Prices start at $27 for a coin in good, circulated condition (G-4) and go up to $8,500 for an impeccable coin. Silver mining in the United States, mainly the Comstock Lode (1859), is the catalyst that gave silver dollar coinage its heyday. 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Coin inside the O $ 550 for a total net weight of.77344 ounces of pure silver leading... This stands for proof-like, meaning the coin was made at the same time, was... In its talons, symbolizing Peace, yet readiness for War legislation list of morgan silver dollars silver had! Historians Office and the U.S. in five years ( aside from the $! Will vary slightly when you Sell your coins entire mintage from 1878-1904 die, the coins were minted from! $ 1,350 ( BATH ) a prominent raised line on Lady Liberty was modeled Anna. Simple answers to common payment-related questions $ 1 to coin collectors more extensive change contact me with unsolicited services offers... A higher price agree that you have read and understand our Privacy Policy, minting several. Mint facilities bear D and O in `` Dollar '' arrows, with the date.!