The Beginner’s Guide to Dollars

Morgan Silver Dollar Values and Prices

The Morgan Silver Dollars are among some of the most popular of the American currency coins series. Though, this was never the case from the beginning. The upsurge in the popularity of the Morgan Silver Dollar coins with the collectors actually came up in the mid 70s. The following is a brief and quick review of the history there is with the Morgan Silver Dollar.

History so has it that in the month of February of the year 1878, the Bland-Allison Act came into effect as law. The operation of this particular bit of legislation was to mandate the US government to make millions of dollar purchases of silver in each month and these were to be coined into silver dollars finally. The coins were not meant for trade. Instead they were meant to help with the need to bring some artificial effect of stability to the prices of silver which was a request of the silver miners in the Western US.

The coin engraver who was behind the design of the two sides to the coin, the obverse and the reverse of the coin, was the Englishman, George T. Morgan. The first minting of the Morgan Silver dollars was done in 1878 and was done first by the US Mint in Philadelphia. The silver dollars, Morgan Silver Dollars, were produced at five different mints and these were; Philadelphia which had no mint mark, New Orleans whose mint mark was O, San Francisco which has a mint mark S, Carson City coming with the mint mark CC and Denver with its mint mark D.

However, production of the Morgan Silver Dollar stopped for some time in the year 1904 following the introduction of the Peace Silver Dollar. But as has been mentioned, this was for only for a short while as in the year 1921, the Morgan Silver Dollar was back in production and this was as a result of the popularity that was seen with the Morgan silver dollar.

If you have an interest in these American currency coins, then you need to know of some of them that would actually fetch you as much with the collectors. This is for the fact that looking at the popularity and widespread adoption of the Morgan silver dollars amongst many and the value as such attached to them, there were some counterfeits that came in from some quarters. As such you need to have the coin authenticated by a reputable coins dealer or some other grading service.

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