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The Morgan dollar is a United States dollar coin minted from 1878 to 1904, in 1921, and beginning again in 2021 as a collectible. It was the first standard silver dollar minted since the passage of the Coinage Act of 1873, which ended the free coining of silver and the production of the previous design, the Seated Liberty dollar.
The 1893-S Morgan dollar is a United States dollar coin struck in 1893 at the San Francisco Mint.It is the lowest mintage business strike Morgan dollar in the series. The 1893-S is considered to be a key date in the Morgan dollar series: examples of the coin in both mint state and in circulated condition are valuable.
In 1883, members of the New York Mercantile Exchange petitioned Congress to allow redemption of the coins by the government. [39] [40] The Carson City Mint's trade dollar ledger book. Bullion prices continued to drop through the 1880s, increasing the loss by anyone forced to sell at melt value after accepting a trade dollar at face value. [40]
The Seated Liberty design remained standard on all American coins ranging from half dimes to half dollars for decades, but by 1879 — the year after the Bland-Allison Act caused a drastic curtailment in the mintages of Seated Liberty half dollars, quarters, and even dimes until 1883, there was increased criticism and calls for its replacement ...
The Coinage Act of 1873 or Mint Act of 1873 was a general revision of laws relating to the Mint of the United States.By ending the right of holders of silver bullion to have it coined into standard silver dollars, while allowing holders of gold to continue to have their bullion made into money, the act created a gold standard by default.
By 1853, the value of a U.S. silver dollar contained in gold terms, $1.04 of silver, equal to $38.09 today. With the Mint Act of 1853, all U.S. silver coins, except for the U.S. silver dollar and new 3-cent coin, were reduced by 6.9% as of weight with arrows on the date to denote reduction.
Coronet large cent, an 1816 coin with a face value of 0.01 dollars; Liberty Head double eagle, an 1850 coin with a face value of 20 dollars; Liberty Head nickel, an 1883 coin with a face value of 0.05 dollars; Standing Liberty quarter, a 1916 coin with a face value of 0.25 dollars; Walking Liberty half dollar, a 1916 coin with a face value of 0 ...
According to one contemporary account, on Friday, July 9, 1852, Hungerford noticed that someone had passed counterfeit currency, changing a dollar bill into a ten dollar bill. [35] In July 1864, Sextus Hungerford sold the Bank of Westfield to the newly formed First National Bank of Westfield, capitalized at $100,000.00, where he became a director.