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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 Redfield Hoard was LaVere Redfield's collection of 407,000 silver Morgan and Peace dollars. The hoard was discovered in Reno, Nevada , at the home of LaVere Redfield after his death in 1974. Redfield was burglarized in 1952 and at that time he had already amassed a hoard of 270,000 silver dollars.
PCGS keeps a comprehensive record, known as a census, of all the coins they have graded since their establishment. This census provides details about the grades, varieties, and specific designations assigned to each coin issue. For instance, designations like "prooflike" for Morgan dollars or "full bands" for Mercury dimes are included.
The two largest coin grading companies, PCGS and NGC, have graded 47 in higher grades. [7] In 2014 the Eliasberg 1893-S Morgan dollar sold for US$646,250 at auction. It is a Professional Coin Grading Service (PCGS) graded coin in MS-65. [1] In 2021, a PCGS graded 1893-S Morgan dollar in MS-67 sold for US$2,086,875.00. [6]
Coin grading [1] is the process of determining the grade or condition of a coin, one of the key factors in determining its collectible value. A coin's grade is generally determined by six criteria: strike, preservation, luster, color, attractiveness, and occasionally the country/state in which it was minted.
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]