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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 Morgan silver dollar. Morgan silver dollars, all composed of 90% silver and 10% copper (slightly less silver than sterling silver, 92.5%) containing 26.73 g (0.859 ozt) of pure silver, [18] were struck between 1878 and 1904, with a minting in 1921 and a commemorative minting in 2021. [19]
Free coinage of silver means a person could bring silver ingots to the United States Mint and have them coined. For example, $0.53 of silver would produce a silver dollar, which is what the Morgan dollar (1878-1921) contained. If the government issued dollars containing 100 cents worth of silver, they would have been very large and cumbersome.
The Top 100 Morgan Dollar Varieties: The VAM Keys 4th Edition (4th ed.). Port Charlotte, Florida: Rare Coin Investments. p. 200. ISBN 978-0965364553. Van Allen, Leroy C.; Mallis, George (1977). The Comprehensive Catalogue and Encyclopedia of U. S. Morgan and Peace Silver Dollars. New York, New Yok: Arco publishing. p. 316. ISBN 9780668040211
Silver restrike, an estimated 2 ... 1897 (P) 50,464,392 (P) 1,938 Proof 1898 ... Kennedy half dollar mintage figures; American Silver Eagle mintage figures; References
The Sherman Silver Purchase Act was a United States federal law enacted on July 14, 1890. [1] The measure did not authorize the free and unlimited coinage of silver that the Free Silver supporters wanted. It increased the amount of silver the government was required to purchase on a recurrent monthly basis to 4.5 million ounces.