Lessons Learned About Dollars

A Brief History of the Morgan Silver Dollar

Looking at the American currency coins series, one that has actually proved to be the most popular one is the Morgan Silver Dollar. Though, this was never the case from the beginning. Their extreme popularity with the coin collectors actually came to be in the mid 1970s. 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. However what was interesting in all this was the fact that these coins were not meant for trade or commerce at the end of the day. They were meant to help with the need to stabilize the prices of silver as was a dire need for the silver miners in the Western United States.

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 anyway, as we have already mentioned, the break was but to last just a while for in the year 1921, the Morgan silver dollar were again back in production and this was all as a result of the popularity that they had amongst the people.

If at all you happen to be as interested in these American currency coins collections, then it is wise for you to know of the particular ones that would actually earn you as much. 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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