Morgan Dollar (1878 - 1921)

Named after its creator, George T. Morgan, among all the American coins, the Morgan dollar is among the most famous ones. The Bland-Allison Act of 1878 compelled the U.S. Treasury to buy and mint a lot of silver, which led to the introduction of the Morgan Dollar. From 1878–1904, then once more in 1921, Morgan Dollars were minted without interruption. The following U.S. Mints manufactured Morgan Dollars: Philadelphia, New Orleans, San Francisco, Denver, and Carson City. Mintmarks for all mints except Philadelphia were put on the back of the coins right beneath the ribbon bow of the wreath.

• • The front side of the coin has a depiction of Lady Liberty looking to the left. The painting is based on Anna Willess Williams and shows Lady Liberty wearing a Phrygian hat and a crown made of wheat and cotton, which represent the connection between agriculture and industry.
• • The other side features a magnificent eagle with its wings spread wide, holding arrows and an olive branch, which symbolizes both power and peace.

The prices of several 1878 Silver Dollars have been unusually high throughout history. The extraordinary amount of $155,250 was achieved by an 1878 P Morgan Silver Dollar during an auction that broke all previous records. The Morgan Dollar is significant to both numismatists and history enthusiasts because it represents the United States' rich history and economic progress.

Important Dates and Types

The Morgan Dollar is highly sought after by collectors because of the presence of several important dates and mint mark varieties:

• • There are two varieties of 1878 8-Tail Feather and 7/8-Tail Feather: In the early versions, there was an eagle with eight tail feathers, but this was eventually changed to seven.
• • 1893-S: This Morgan Dollar is one of the rarest, with a mintage of only 100,000.
• • 1901-P: Considered one of the scarcest in high grades.
• • 1921 Issue: The last year that the coin was minted before it was replaced by the Peace Dollar.

Morgan Dollars are worth a lot to coin collectors, and their prices vary according to how rare they are, their condition, and their mint mark. Collectors are particularly interested in coins that are in uncirculated condition or have proof-like surfaces.