The Morgan Dollar
The Morgan Dollar was created in 1877 by George Morgan, an English-born assistant engraver, who eventually became the 7th Chief Engraver. The obverse of the Morgan Dollar features Lady Liberty in profile, as well as 13 stars to symbolize the original colonies, the words “E. Pluribus Unum”, and the year of issue. The Lady Liberty design was considered unusual because the face of Lady Liberty took on a more modern look, rather than the classical Greek design that most coins had. The reverse side shows an eagle in flight, carrying an olive branch and a bundle of arrows, to symbolize strength in both peacetime and war. The words “In God We Trust”, the country name, the coin’s value, and the mintmark are also present on the reverse.
Silver Dollar History
From the early silver dollars, such as the Morgan Dollars, the Liberty Seated Dollars, to the popular Peace Dollars, these coins are beloved for their beauty, size, and frequent availability. Silver has been used as a currency metal since ancient times because silver has a very stable value. But simply having a bit of silver is not enough to be considered an investment-worthy or collectible piece. To be called a “true” silver coin, a silver dollar must have a purity of at least 90%.