Morgan Dollars (1878 - 1904)
Famous Morgan Silver Dollar Coins are essential for any collector of American Silver Dollars.
Morgan Silver Dollars (1878-1904) - The Morgan Silver Dollar is one of the most famous and most highly collected U.S. coins of all time. These large Silver coins are known for their value, quality of strike, design and beauty. Although is it probably the most common of all 19th-century U.S. coins, Morgan Silver Dollars hold vast historical significance, being a major part of America’s early development westward. There are many varieties and overdates, which makes collecting Morgan Silver Dollars a real challenge.
Morgan Dollars were considered rare in 1962, when a cache of these Silver coins was found in a vault at the Philadelphia Mint. This discovery started a rush to exchange Silver certificates for Morgan Silver Dollars and Peace Dollars. People were lined up at the Washington D.C. Treasury building,some even brought wheelbarrows to haul off the Silver coins. By 1964, U.S. citizens could no longer exchange certificates for Morgan Silver Dollars and other Silver coins. The U.S. government decided to sell the remaining Silver coins, taking in $107 million from 1972 to 1980. Among the coins sold were 2.8 million American Silver dollarsmade atthe Carson City Mint, including the Morgan Dollars.
Last Updated: 2/11/2016 6:43:51 PM ET
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