Morgan Silver Dollars (1878-1904, 1921)

Silver-Morgan-DollarGeneral Coin Information

The Morgan Silver Dollar was first introduced in 1878 by the US Mint and was struck until 1904. In 1921, the Morgan was again minted for a short period until it was replaced by the Peace Dollar. Few coins in the history of numismatics can claim such poor demand upon introduction and yet realize such high interest from collectors years later.

In the mid 1870's, there was really no demand for silver dollars. In fact, the Liberty Seated Dollar, which was its predecessor, had last been issued in 1873. However, political forces, and not demand, would push the issuance of a silver dollar again.

The Comstock Lode had been discovered in Nevada, and was yielding an estimated $36 million dollars a year worth of silver ore. This was significantly depressing the silver market. Consequently, silver interests persuaded those in Congress to pass the Bland-Allison Act which required the Treasury to purchase between 2 and 4 million troy ounces of silver each month to be minted into silver dollars.

Mint employee George T. Morgan was chosen to design the new coin. Between the years of 1878 and 1904, over half a billion of the coins were struck with 96 different date-and-mint combinations, making a compete set almost impossible to acquire.

Complicating collection even further, the Pittman Act of 1918 resulted in many of the Morgans being melted down and restruck as new coinage. An estimated 270 million of the original Morgans succumbed to this fate.

Finally, in 1921, some Morgans were again minted but only until the design was replaced by the Peace Dollar.

Obverse Design

The obverse features a left-facing head only portrait of Liberty. At the time of introduction, US coins had a full-figure image of Liberty, making the Morgan quite unique. Also shown are "E Pluribus Unum" and the date of issue.

Reverse Design

Featured on the reverse of the Morgan Dollar is an eagle holding arrows and an olive branch. Also seen are the inscriptions "United States of America," "One Dollar" and "In God We Trust."

Morgan Silver Dollar Coin Specifications


Mint: United States Mint
Finish/Condition: Circulated, Proof
Metal Content: 90% silver, 10% copper
Weight: 26.730 grams nominal
Diameter: 1.500 inches or 38.10 mm
Edge: Reeded
Issue Date: 1878-1904, 1921
Face Value: $1
Obverse Designer/Sculptor: George T. Morgan
Reverse Designer/Sculptor: George T. Morgan

Featured Morgan Silver Dollar Auctions




1889 Morgan Silver Dollar CC RARE DATE
1889 Morgan Silver Dollar CC RARE DATE
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1921 Morgan Silver Dollar Liberty Head
1921 Morgan Silver Dollar Liberty Head
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Grades About Uncirculated 1900 P Morgan 90 Silver Dollar MDX2800
Grades About Uncirculated 1900 P Morgan 90 Silver Dollar MDX2800
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1878 7TF Morgan Silver Dollar 1 ICG MS65 Rare in MS65 Grade 1110 Value
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UNC 1881 O Morgan Silver Dollar High MS+ Grade Nice Coin
UNC 1881 O Morgan Silver Dollar High MS+ Grade Nice Coin
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1883 CC Morgan Silver Dollar IN UNCirculated CONDITION
1883 CC Morgan Silver Dollar IN UNCirculated CONDITION
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1883 P Morgan Dollar Rare Date Uncirculated US Mint PQ Silver Coin Unc MS+++++
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Money Clip With Morgan Silver Dollar
Money Clip With Morgan Silver Dollar
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1896 S 1 Morgan Silver Dollar VF+
1896 S 1 Morgan Silver Dollar VF+
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1882 S US Morgan Silver Dollar MS 62
1882 S US Morgan Silver Dollar MS 62
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1881 S MORGAN SILVER DOLLAR
1881 S MORGAN SILVER DOLLAR
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1903 S MORGAN SILVER DOLLAR  VF VERY FINE  LK NOW SCARCE DATE 1 TRUSTED
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Morgan Silver Dollar Coin Resources

World Mint Coins | Coin Specifications, Resources and Coin Images