Great way to add several quality Silver Dollars to your holdings today. This $100 face value bag is an easy way of acquiring a larger quantity of Silver with just one purchase.
- Contains 77.34 oz of 90% Silver.
- Coins are packaged in a heavy duty canvas bag.
- Each bag contains a nice mixture of Morgan Dollars dated 1878-1904 only.
- Obverse: Left facing profile of Liberty. Anna Willess Williams, a teacher and philosophical writer, modeled for this design by George T. Morgan of Lady Liberty.
- Reverse: Features a bald eagle clutching an olive branch in one talon and a bundle of arrows in the other. Surrounding the eagle is "United States of America," "One Dollar," and "In God We Trust."
These coins exhibit moderate to heavy wear. Add 100 coin bags of Pre-1921 Morgan Silver Dollars to your cart today!
Dates on these Morgan Silver Dollars will be of our choosing and may or may not vary, determined by stock on hand.
The Morgan Dollar holds a special place in U.S. coinage as it was the first coin to feature Lady Liberty with an American look, rather than the traditional Greek style. Her cap is adorned with wheat and cotton as a tribute to America's agricultural history.
The image of the eagle was also updated for the Morgan Dollar, showing a proportionally correct eagle with beautifully designed feathers. He carries an olive branch, showing America's desire for peace, and is perched atop a bundle of arrows, signifying America's readiness to defend her borders against attack.
The Morgan Dollar flooded the markets from 1878-1904. Nearly two decades after production halted, the Morgan Dollar was seen again for one year only, in 1921, due to a renewed desire for this iconic, beautiful design.
The history of the Morgan Silver Dollar
Minting of Morgan Silver Dollars came about at a time in U.S. history when Silver mine owners had a surplus of Silver, and there was very little demand for the Precious Metal. Due to the excess supply of Silver, the mine owners pressured Congress to figure out a way to assist them, resulting in the Bland-Allison Act of 1878. Under the Act, the U.S. Treasury was required to buy Silver monthly, and then produce Silver bullion with the hope that this would increase the Silver price on the global and domestic markets. Millions of Morgan Silver Dollars were minted from 1878 until 1904, and most of them were kept in the U.S. Treasury vaults since paper currency was becoming more popular than coinage.
Why invest in Morgan Silver Dollars?
Buying Morgan Silver Dollars in bulk provides the opportunity to acquire these Silver Dollars at a lower price point when compared with buying them individually. Many invest in Morgan Silver Dollars because they are legal tender Silver coins guaranteed by the U.S. government, and the dollar coins are recognized around the world as a valuable asset. The U.S. Silver coins are worth far more than their face value because each one contains .7734 troy oz. of .900 fine Silver, and each one also has numismatic or collector value. Buying Silver coins in a 100-count bag can also provide hours of enjoyment as you sort through your purchase.
Collect Morgan Silver Dollars that escaped melting twice.
Morgan Silver Dollars were subject to two different government-authorized melts, so most of the Morgan Silver Dollars you find on the market today primarily originate from the discovery in 1963 of almost 3,000 bags of the U.S. Silver coins in the vaults of the U.S. Treasury in Washington D.C. The first melt of Morgan Silver Dollars was authorized under the Pittman Act of 1918, and as a result, over 270 million Morgan Silver Dollars were melted into Silver bullion. U.S. Silver coins, including Morgan Silver Dollars and Peace Silver Dollars, were once again ordered to be melted in 1942 under the World War II Silver Act that provided Silver for wartime use. The Silver bullion coins you buy today are rarer because of the melts.
Four main hoards of Morgan Silver Dollars by citizens helped preserve the U.S. coins.
Some of the Morgan Silver Dollars you can buy today originate from four different hoards assembled by private citizens. One popular hoarder of Morgan Silver Dollars was LaVere Redfield, an eccentric man who valued physical Precious Metals assets over paper currency. Redfield bought the U.S. Silver coins by the bag from banks, and stashed them in his basement. At the time of his death, Redfield had amassed somewhere between 520,000 and 650,000 Silver Dollars, and eventually there were auctioned off for 7.3 million dollars to the A-Mark Coin Company.