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The Morgan dollar was created in response to the passage of the Bland-Allison Act of 1878. After the five-year depression following the Panic of 1873, so-called "Silverites" proposed a bimetallic standard that would see silver coined into dollars at the former gold/silver ratio of 16:1. The Silverites felt that this act would help to re-inflate the dollar after the Panic of 1873.
COIN HIGHLIGHTS
- Ships individually in protective packaging
- Consisting of 0.7734 oz of 900 Fine Silver
- Reverse: Features the engraving of a bald eagle clutching a bundle of arrows and an olive branch, the name of the country of issue, the legal tender value of the coin and the inscription "IN GOD WE TRUST"
- Obverse: Features a depiction of a left facing portrait of Lady Liberty encircled by 13 stars along with the inscription "E. PLURIBUS UNUM"
George T. Morgan, an assistant engraver at the Philadelphia Mint produced the winning design for the dollar, hence it is referred to by his name. Anna Willess Williams modelled for Morgan as Lady Liberty. He said that her profile was the most perfect he had ever seen.
The Morgan silver dollar was minted from 1878 to 1904, with a one-year return to production in 1921. The Morgan dollars were produced with ninety percent silver and ten percent copper in order to conform with the coinage act of 1837. In 1962 a silver certificate was partially redeemed for an uncirculated Morgan dollar, which set off a firestorm of interest in redeeming silver certificates to the US Treasury. Demand was huge, with some in lines pushing wheelbarrows. Several million uncirculated Morgan and Peace dollars were eventually discovered in vaults and sold off to the public.
The 1921 Morgan dollars required George Morgan to create new master dies as the old dies had been destroyed in 1910. The Morgan dollar was produced for only one year before it was replaced by the Peace dollar.
These 1921 Morgan dollars are above-average circulated coins, rated as extra fine. They typically have only the slightest wear on the very highest points of the coin. All details are relatively sharp and all design elements are well defined. Some traces of mint lustre may still exist. We have limited numbers of these available.
ABOUT THE UNITED STATES MINT
Established in 1792 as the first national mint in the United States, the United States Mint is a bureau of the Department of the Treasury responsible for official legal tender coinage production. The United States Mint has a mission to serve Americans as the sole manufacturer and distributor of circulating currency coins. The U.S. mint also produces commemorative coins for collectors, silver and gold bullion coins for investors (such as the popular Eagle and Buffalo series), as well as Congressional Medals.
This product may come as an assortment, or a batch of one single item. You may receive a product not shown on the image but individual weight and purity are guaranteed.
| 6433 | |
| Lightly Used | |
| 900 | |
| United States | |
| U.S. Mint | |
| USD 1 | |
| Obverse: George T. Morgan | |
| 1921 | |
| Left facing profile of Lady Liberty and the words "E Pluribus Unum" and the year | |
| Bald eagle with wings spread clutching an olive branch and several arrows and the words "United States of America In God We Trust One Dollar" |
| 0.7734 oz | |
| 38.1 | |
| 3.1 |
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The Morgan dollar was created in response to the passage of the Bland-Allison Act of 1878.
After the five-year depression following the Panic of 1873, so-called "Silverites" proposed a bimetallic standard that would see silver coined into dollars at the former gold/silver ratio of 16:1.
The Silverites felt that this act would help to re-inflate the dollar after the Panic of 1873.
COIN HIGHLIGHTS
*Ships individually in protective packaging
*Consisting of 0.7734 oz of 900 Fine Silver
*Reverse: Features the engraving of a bald eagle clutching a bundle of arrows and an olive branch, the name of the country of issue, the legal tender value of the coin and the inscription "IN GOD WE TRUST"
*Obverse: Features a depiction of a left facing portrait of Lady Liberty encircled by 13 stars along with the inscription "E. PLURIBUS UNUM"
George T. Morgan, an assistant engraver at the Philadelphia Mint produced the winning design for the dollar, hence it is referred to by his name.
Anna Willess Williams modelled for Morgan as Lady Liberty.
He said that her profile was the most perfect he had ever seen.
The Morgan silver dollar was minted from 1878 to 1904, with a one-year return to production in 1921.
The Morgan dollars were produced with ninety percent silver and ten percent copper in order to conform with the coinage act of 1837.
In 1962 a silver certificate was partially redeemed for an uncirculated Morgan dollar, which set off a firestorm of interest in redeeming silver certificates to the US Treasury.
Demand was huge, with some in lines pushing wheelbarrows.
Several million uncirculated Morgan and Peace dollars were eventually discovered in vaults and sold off to the public.
The 1921 Morgan dollars required George Morgan to create new master dies as the old dies had been destroyed in 1910.
The Morgan dollar was produced for only one year before it was replaced by the Peace dollar.
These 1921 Morgan dollars are above-average circulated coins, rated as extra fine.
They typically have only the slightest wear on the very highest points of the coin.
All details are relatively sharp and all design elements are well defined.
Some traces of mint lustre may still exist.
We have limited numbers of these available.
ABOUT THE UNITED STATES MINT
Established in 1792 as the first national mint in the United States, the United States Mint is a bureau of the Department of the Treasury responsible for official legal tender coinage production. The United States Mint has a mission to serve Americans as the sole manufacturer and distributor of circulating currency coins. The U.S. mint also produces commemorative coins for collectors, silver and gold bullion coins for investors (such as the popular Eagle and Buffalo series), as well as Congressional Medals.