The 1888-O Morgan dollar coin was made at the New Orleans Mint. Their artistic excellence and craftsmanship represented the aspirations of a country evolving into a world power. You're probably thinking: That's quite a wide range! This coin marked the first time a portrait of a U.S. president was authorized to appear on a circulating dollar coin. Local Storage seems to be disabled in your browser.For the best experience on our site, be sure to turn on Local Storage in your browser. It's updated every 15 minutes. Each mint, with the exception of Philadelphia, has its own mint mark. [13] The first acceptable strike, after adjustments to the press, was coined at 3:17p.m. at the Philadelphia Mint. His design of Lady Liberty was modeled after Anna Willess Williams. 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. More information about these products will be available in the upcoming weeks on our website and social media channels. The obverse of the Morgan Dollar features the head of Liberty, facing left. Some people in line were pushing wheelbarrows. This is not a coin you want to carry around in your pocket. 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. For the best experience on our site, be sure to turn on Javascript in your browser. Its fine silver weight is 0.77344 troy oz. In honor of the 100th anniversary of the last year of the. 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. [6] The bill was vetoed by President Rutherford B. Prices start at $29 for a coin in very good, circulated condition (VG-8), but you can earn a whopping $17,250 for a coin in mint condition that has never been circulated. 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 Peace Dollar series would be introduced at the end of the year and used to fulfill the remaining production required under the Pittman Act. Here is a list of values for every Morgan dollar minted from 1878 through 1904, as well as 1921. Image source: CoinStudy. In this case, the effect is most obvious on Lady Liberty's lips. 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. However, none were released to the public. Coins. The result is that the 1889-CC Morgan Dollar is one of the lower mintage issues of the entire Morgan series. 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. SIGN UP FOR EMAIL UPDATES AND TEXT MESSAGE ALERTS ABOUT PRODUCTS. In 1836, Congress re-established the Silver Dollar (with a slightly lighter weight of 26.73 grams), and by the 1840s, they were being issued for general circulation once again. 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). 1893 O Morgan Silver Dollar - $180,000 6.) 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. However, the Act also required silver to be purchased in order to manufacture new silver coins to replace the melted ones. The 1903-S Morgan dollar coin was made at the San Francisco Mint, which made 1.24 million Morgan coins that year. 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. The 1893-CC Morgan dollar coin was made at the Carson City Mint. List of 10 Most Valuable Morgan Silver Dollars 1.) [21] The silver that remained after mintage of the dollars was used to mint dimes, quarters and half 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 great big list of Morgan Silver Dollar important dates, also known by collectors as Key Dates. You won't find a "P" anywhere on the coin. Under the Pittman Act, a total of 230,232,722 silver dollars held in storage were melted. 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). A special thank you to the U.S. Mint Historians Office and the U.S. Mint Curator for assisting with this article. The design was replaced by the Peace dollar later the same year. 1901 Morgan Silver Dollar - $425,500 3.) The production of silver dollars would cease completely in 1904 since the government already held millions in storage which were not needed for circulation. Fremantle, Deputy Master of the Royal Mint in London, requesting him to "find a first class die-sinker who would be willing to take the position of Assistant Engraver at the Mint at Philadelphia. [26], The German government began a propaganda campaign during World War I to discredit the United Kingdom's currency in India. 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). 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! It is highly sought after by collectors and investors alike. The inscription E PLURIBUM UNUM appears above, with the date below. It was only briefly in operation, however. "[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. The Morgan Silver dollars represent the best in silver coin manufacturing at its time. The obverse (heads) features Liberty in profile. The mint mark of Morgan Dollars struck at the branch mints appears below the bow in the wreath on the reverse design. Morgan Silver Dollar Paperweights "1880 & 1904" . Holding a Morgan in your hand takes you back to the Old West, reminiscent of Americas ingenuity and entrepreneurship. The Nevada facility made 756,000 of these double-stamped Morgans in 1879. Above the crown are cotton and wheat that decorate the ribbon that symbolized the reconciliation of the North and South following the Civil War. Again, it will always depend on the exact condition of the coin. Morgan and Peace Dollar coins each embodied the spirit of America when they were minted. Minted from 1878 through 1921, it was originally and officially called the "Liberty Head Dollar" per the United States Mint. The "Top 100" Morgan Dollar varieties are a distillation of the thousands of die varieties discovered by the VAM authors (an acronym of the authors' names of Van Allen and Mallis) into the most important, rarest, and/or most readily discernible varieties. make / manufacturer: US Mint. U.S. Mint records indicate that only ten Proof Trade Dollars were minted in 1884. [10] For the representation of Liberty, Morgan sought to depict an American woman rather than the usual Greekstyle figures. 1895 O Morgan Silver Dollar - $165,000 7.) 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). Heralded as boasting the best of all the Silver Dollar designs, the Morgan was an immediate hit with US citizens when it was released back in 1878. Selling some of silver collection. Through it all, the one constant factor was the Morgan Silver Dollar, which even then was respected for its beauty and silver heft. Hayes. These are the top 30 most valuable Morgan silver dollars, according to USA Coin Book and Coin HelpU. The 1887-O Morgan dollar coin was made at the New Orleans Mint. The quality of the strikes vary from strong to weak, depending on the year and mint. The coins were polished and handled carefully to avoid being marked. These are important dates in time and or mint locations that have created what are considered to be more desirable coins that collectors are willing to pay a premium for. [34] Treasury officials decided to hold them back because the total number of coins minted at the Carson City mint were generally lower than others. Coin grading is the expression of an opinion that describes the condition of an individual coin that most dealers and collectors would agree with. It was passed in Congress in February of 1878. Production of this coin continued thorough 1904, when it was replaced by the Peace Dollar, but popularity was so high, the Morgan design was produced again for one year in 1921 . Morgan Dollars contain three-quarters of an ounce of 90% silver, mined from Nevada's legendary Comstock Lode. Morgans in these hoards were generally kept in bags, hence the "bag marks" you will find on Morgans today. The value of collectible Morgan silver dollars varies widely, with some fetching as much as $300,000. The silver dollar drought almost ended in 1964, when new legislation allowed the Denver Mint to strike Peace Dollars. A list of linkable tags for topics mentioned on this page. You will find the mintmark on the reverse of your Morgan near the bottom of the design. The most famous of these silver dollars is the 1804 Draped Bust dollar which is known as "the King of American coins" and worth more than $1 million!. During this time, the United States went through many changes as the "Age of Technology" became a reality. 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. Price Guide. Will also trade for silver rounds: 1885 P$42 1921 P$42 1889 P$45 1885 P$42 1921 P$41 This year also marks the 50th anniversary of the silver coin that would follow: the Eisenhower Dollar. The 2021 Peace Dollars had no mint mark and were only minted in Philadelphia. Due to the high original Morgan Dollar mintages, many issues are readily available even in gem grades. Despite these large purchases, the price of silver dropped and the world entered a financial panic caused in part by the silver issue. 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. "[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. Prices start at $200 for a coin in very good, circulated condition (VG-8) and go up to as high as $115,000. Subsequent designs of the dollar coin continued to be issued into circulation from 1979-2011. Once unknown, these are now a favorite among collectors. These locations were Carson City (CC), New Orleans (O), San Francisco (S), Denver (D) and Philadelphia (no mark). 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. Was it part of a famous collection or hoard? In late 1877, the Mint Director Henry Linderman instructed both Morgan and Barber to prepare dies for a silver dollar. The reverse (tails) depicts an eagle with outstretched wings clasping arrows and an olive branch, accompanied by a wreath. The designers initial, appearing as a single M, is found on the truncation of the neck. The Carson City Mint started minting Morgan Dollars in 1878, but went on a 4-year hiatus in 1885 due to political reasons. 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. Some of them have earned fascinating nicknames. The 1904-S Morgan dollar coin was also made at the San Francisco Mint, which made 2.3 million Morgan coins that year. The dollars were produced every year between 1878 and 1904 at a total of four different mints. Groups were formed that demanded the free coinage of silver (or "free silver") in order to inflate the dollar following the Panic of 1873. [38] The approved designs include a frontal view of the Old Mint building on the obverse and a copy of Morgan's eagle design on the reverse. The "PL" designation also adds collectible appeal to any silver coin. [43] After the chaos caused by the CC and O dollars, the Household Order Limit was reduced from 10 to 3 for the remainder of the dollars. The 1891-O Morgan dollar coin was made at the New Orleans Mint. We use cookies to make your experience better. [33] The U.S. Treasury discovered previously unknown mint bags in its vaults containing slightly more than 2.8 million Carson City silver dollars. Proof-like 1895-O Morgan dollar (reverse). The inscription IN GOD WE TRUST appears above the eagle. We invite you to compare and check numismatic . The Philadelphia Mint was the only facility that did not put a letter mark on Morgan dollars. This series may be the most common of all 19th-century U.S. coins. That makes them less expensive than their counterparts from other mints. By this time, most Americans preferred to use paper money instead of carrying around heavy Silver Dollars. On December 31, 1970, President Richard M. Nixon signed into law the Bank Holding Company Act Amendments of 1970. 1893 S Morgan Silver Dollar - $550,000 2.) 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. [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. There are seven stars appearing to the left of the portrait and six stars appearing to the right. Prices start at $40 for this coin but can go as high as $10,000 for one in mint condition that has never been circulated, with a high-quality silver luster (MS-65). The "Hot Lips" VAM is the result of a mint error known as a doubled die. In 2021, the U.S. Mint re-issued the Morgan Dollar in honor of its last year of minting in 1921. Bag marks are caused from the coins coming into contact with each other. The abbreviation comes from "Van Allen Mallis." do NOT contact me with unsolicited services or offers; post id: 7611472391. posted: 2023-04-17 15:11. Many date and mintmark combination are worth well above minimum value. Each coin shipped in October 2021. Capturing the hearts of collectors around the world with their beautiful and storied designs, these coins were minted again in 2021 and sold . 1.) [28] During the same year, the Peace dollar was first issued to commemorate the end of World War I. By the early 1900s the Comstock Lode was exhausted and the silver bullion supply ran out. [35] In total, the sales generated $107million in revenue. 2021 100th Anniversary Coins. 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). E PLURIBUS UNUM is above Libertys head, with 13 stars below. 1 2 3 4 5 The large heavy coins minted in 90% silver featured Morgan's winning design, a visage of Liberty based on his friend and schoolteacher Anna Willess Williams. Prices start at a mere $35 for a coin in very good, circulated condition but can fetch up to $125,000 for a coin in mint condition that has never been circulated, with a high-quality silver luster (MS-65). If your Morgan dollar is a special variety, it will likely command a higher price. 1889 CC Morgan Silver Dollar - $280,000 4.) Without the required government purchases of silver, the production of silver dollars promptly declined, leading to the creation of numerous low mintage issues. Essentially, its the centennial of the transition between minting two of the most famous coins issued by the United States Mint. The 2021 Morgan Dollars were minted in the active mints of Philadelphia (no mint mark), Denver (D), and San Francisco (S). 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. The mintage on the coin was 12,760,000 and it is estimated that approximately half are still in mint state. Morgan Dollars contain 26.73 grams of .900 fine silver and .100 copper for a total net weight of .77344 ounces of pure silver. Buy Morgan Silver Dollars Online. Registered users receive faster checkout, enhanced order tracking options and special promotions. They wanted to be ready when the time came. By the time he eventually retired in 1924, George T. Morgan had worked at the U.S. Mint for an amazing 48 years. Image source: VAMWorld. Silver mining in the United States, mainly the Comstock Lode (1859), is the catalyst that gave silver dollar coinage its heyday. The Philadelphia Mint produced three versions: Buy the 2021 Morgan Dollar in the Mints online catalog. The wing feathers of the eagle on the reverse design are noticeably crude. 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. 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. As far as Morgan and the rest of the nation was concerned, the era of the Silver Dollar had come to an end. This is usually the value used by coin dealers when selling these coins at melt value. This article is about the United States dollar coin. William B. Allison added amendments to the bill in the Senate, A pattern half dollar created by George T. Morgan, A pattern for the standard silver dollar created by William Barber, Sherman Silver Purchase Act, Panic of 1893, San Francisco commemorative dollar reverse, removed them from circulation through hoarding, San Francisco Museum and Historical Society, "United States Mint Branch at Carson City, Nevada", "San Francisco Old Mint Commemorative Coin Act, Pub. This new coin would be commonly referred to as the Morgan Dollar, since it was designed by George T. Morgan (who, from 1917-1925, would serve as chief engraver). This causes parts of the design to appear doubled or overlapped. Some of them have earned fascinating nicknames. United States Mint All Rights Reserved. Image source: VAMWorld. [6], Beginning in 1876, several bills were introduced in the House of Representatives in an effort to resume the free coinage of silver. The New Orleans Mint made only 300,000 of the 1893-O Morgan dollar coins, which makes them one of the rare coins on this list. The Morgan Silver Dollar is one of the most famous and most highly collected U.S. coins of all time. 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. In 1891, the Louisiana facility made 7.95 million Morgan dollars. The Bland-Allison Act gave birth to the Morgan silver dollar. The theme of "peace" was a celebration of the end of the First World War. Morgan Dollars contain three-quarters of an ounce of 90% silver, mined from Nevada's legendary Comstock Lode. 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]. 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. This list details also details semi-key, and better dates. The Peace Dollar commemorated the declaration of peace between the United States and Germany. Several different branches of the U.S. Mint struck Morgan dollars. post id: 7611166997. President Grover Cleveland responded to the situation by repealing the Sherman Silver Purchase Act. 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