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Description

The Morgan dollar was created in response to the passage of the Bland-Allison Act of 1878. After the five year depression following the Panic of 1873, so-called "Silverites" proposed a bimetallic standard that would see silver coined into dollars at the former gold/silver ratio of 16:1. The Silverites felt that this act would help to re-inflate the dollar after the Panic of 1873.

George T. Morgan, an assistant engraver at the Philidelphia Mint produced the winning design for the dollar, hence it is referred to by his name. Anna Willess Williams modeled for Morgan as Lady Liberty. He said that her profile was the most perfect he had ever seen.

The Morgan silver dollar was minted from 1878 to 1904, with a one year return to production in 1921. The Morgan dollars were produced with ninety percent silver and ten precent copper in order to conform with the coinage act of 1837. In 1962 a silver certificate was partially redeemed for an uncirculated Morgan dollar, which set off a firestorm of interest in redeeming silver certificates to the US Treasury. Demand was huge, with some in lines pushing wheelbarrows. Several million uncirculated Morgan and Peace dollars were eventually discovered in vaults and sold off to the public.

These Morgan dollars are average circulated coins. They typically have wear on the coin. Some traces of mint luster may still exist. We have limited numbers of these available.

Specifications
3645
US
U.S. Mint
Lightly Used
900
Left facing profile of Lady Liberty and the words "E Pluribus Unum" and the year
Bald eagle with wings spread clutching an olive branch and several arrows and the words "United States of America In God We Trust One Dollar"
1878
379
2.85
USD 1
Obverse: George T. Morgan
0.7734

SKU

3645

Country

US

Manufacturer

U.S. Mint

Condition

Lightly Used

Purity

900

Obverse

Left facing profile of Lady Liberty and the words "E Pluribus Unum" and the year

Reverse

Bald eagle with wings spread clutching an olive branch and several arrows and the words "United States of America In God We Trust One Dollar"

First Released

1878

Diameter (mm)

379

Average Thickness (mm)

2.85

Legal Tender

USD 1

Designer

Obverse: George T. Morgan

Metal Weight (ozt)

0.7734
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