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Silver Dollars

Silver Dollars

Morgan Silver Dollars were the Last to be Minted with Silver Brought into the U.S. Mint by the Public

The minting of Silver dollars, like the Morgan Silver Dollar, in the U.S. was strongly influenced by Silver prices and the intrinsic value of Silver coins when compared with the face value. The Liberty Dollar was the last Silver dollar minted prior to the Coinage Act of 1873, which was introduced to change the U.S. Silver policy so that U.S. currency was no longer backed by Silver. Prior to introducing the Morgan Silver Dollar in 1878, and prior to the Act, the mint was obligated to mint Silver coins, like the Liberty Dollar, with Silver bullion brought in by the public, for a small fee. Many felt Silver dollars could no longer be minted this way because the cost to strike a Silver dollar was considerably less than the face value.

Without the act, a Liberty Silver Dollar would have been minted for a fraction of the price of its face value, which would have created an increase in the money supply, and inflation as a result. So, no Silver dollars were produced until the Morgan Dollar in 1878, after the Bland-Allison Act was passed. With this Act, the Morgan Silver Dollar debuted, replacing the Trade Dollar (circulation strikes 1873-1878) which was a trade coin and not currency. Under this act, the Morgan Dollar was produced by the mint with Silver purchased by the treasury at market value.

Morgan Silver Dollar Design

The Morgan Dollar was named after its designer George T. Morgan. Unlike the Liberty Dollar, the Morgan design purposefully used an American woman to represent Lady Liberty. The woman to grace the Morgan Silver dollar was finally found, after Morgan’s friend, artist Thomas Eakins, recommended Anna Willess Williams of Philadelphia. Her profile is on Silver dollars minted between 1878 and 1904, and then one final time in 1921.

Morgan Dollar Value

The rich history of the Morgan Dollar, and its link to the changing stature of Silver and the story behind this Silver coin’s creation, adds to its value. The Liberty Dollar also has great historical value, as it is the last Silver Dollar minted prior to the Coinage Act of 1873. These Silver dollars are ideal for collectors due to their historical value and Silver content. Buy the Seated Liberty Dollar, Morgan Silver Dollar or the Peace Dollar and invest in Silver and a piece of U.S. history.

What's the value of my Silver Dollars?

The value of your Silver dollars depends on their Silver content, mintage, scarcity and condition. The most valued Silver dollars among collectors and investors are the 1921 Morgan Silver dollar, which have great historical and numismatic value.

Popular Silver Dollars

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