Morgan Silver Dollars

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Morgan Silver Dollars are more than just beautiful coins, they are tangible links to America’s growth, resilience, and American liberty in the late 19th and early 20th centuries. First struck in 1878, these iconic coins contain 90% fine silver and 10% copper, each holding 0.7734 troy ounces of silver content. They were produced by the United States Mint at several facilities, each identified by a mint mark, including the Carson City Mint, San Francisco, New Orleans, Denver, and Philadelphia.

Whether you are seeking a single -S Morgan silver for its artistry or building a complete date and privy mark set, Morgan Dollars are an exciting gateway into coin collecting. At SD Bullion, you will find a wide range, from common-date circulated coins to high-grade mint state and proof set issues, sourced from a trusted precious metals dealer with world-class customer service.

Silver Dollar History

The Morgan Dollar’s story begins with the wealth of silver from the Comstock Lode, which flooded the market in the late 1800s. With silver prices collapsing, the 1873 Act was passed, halting production of earlier designs like the Liberty Seated Dollar and ending the bimetallic standard. But silver mine owners lobbied hard for its return.

In 1878, Congress passed the Bland-Allison Act, which required the Treasury to buy millions of ounces of silver monthly and strike them into silver dollars. This led to the birth of the Morgan Dollar, replacing earlier trade dollars. Over time, further legislation such as the Sherman Silver Purchase Act and the 1918 Pittman Act shaped production (of 1921 Morgan Silver Dollars); the Pittman Act famously melted down millions of coins to sell silver overseas during World War I.

In 1921, over a million Morgan Dollars were minted in a single year before the Peace Dollar took its place, marking the end of an era.

The Morgan Dollar

The coin was named after its designer, George T. Morgan, who brought American innovation to U.S. coinage under Mint Director Henry Linderman. Morgan replaced the classical Greek-style Liberty with an American woman, modeled after Philadelphia schoolteacher Anna Willess Williams. This was a bold move toward reflecting American liberty in art.

The reverse features an eagle with outstretched wings clutching an olive branch and arrows, symbolizing peace and strength in war. The design became one of the most admired in all American Eagle coins history.

Production and Composition

Dollars were struck at the Mint in Philadelphia with no mint mark, at the Carson City Mint with the “CC” mark, San Francisco with “S”, New Orleans with “O”, and Denver with “D” for 1921 only. Dollars were produced from 1878 to 1904, and again in 1921.

Each coin has 90% silver and 10% copper, weighs 26.73 grams, and measures 38.1 mm. These specifications set the standard for U.S. silver bullion coins and remain benchmarks for collectors.

The Morgan Silver Dollar Design

The Morgan’s design is a masterpiece. The obverse shows Liberty Head framed by 13 stars, the motto “E Pluribus Unum”, and the year. The reverse features the bold eagle coins design with the country name, denomination, and mint mark. Early strikes had eight tail feathers; this was later reduced to seven to align with U.S. coin tradition.

Morgan Dollar Key Dates

Certain dates and mint marks are highly prized, such as Carson City issues from the General Services Administration hoard, low-mintage branch mint coins, and high-grade survivors from years with heavy circulation. Key examples include 1889-CC, 1893-S, and select 1895 proofs. These treasures can anchor a collection and grow in value with silver and gold and silver market trends.

Most Valuable Morgan Silver Dollars

The value of a coin, in general, derives from its precious metal content, numismatic appeal, rarity, and condition. Overall, Morgan Silver Dollars are not considered very rare in numismatic terms. Nevertheless, the following is a list of the most valuable Morgan Silver Dollars if found in great condition:

Graded Morgan Silver Dollars

Collectors often seek uncirculated Morgan coins in mint state condition or rare varieties in reverse proof set style. Certified coins from PCGS and NGC guarantee authenticity, grade, and preservation; they are ideal for investment and display alongside gold eagle, palladium coins, and other numismatic treasures.

Morgan Dollars Today

Morgan Dollars remain a staple in coin collecting. Their silver content offers intrinsic value tied to the price of silver, while their artistry and history connect to events from the Comstock Lode boom to World War I. The Morgan and Peace Dollar programs, revived by the U.S. Mint in recent years, continue to captivate modern collectors and link back to these historic originals.

Whether you collect by date, privy mark, or proof set, each Silver Morgan you own is a piece of U.S. history and a timeless store of value in precious metals.

Buy Morgan Silver Dollar Online from SD Bullion

SD Bullion offers one of the largest selections of Morgan Dollars, spanning common-date circulated coins, rare key dates, and certified high-grade examples. From your first coin to completing a million Morgan dollars dream set, we are here with competitive prices, discreet delivery, and unmatched customer service.

Secure your piece of American history today. Shop Morgan and Peace Dollars, American Eagle coins, Constitutional Silver, and more from a dealer you can trust.

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