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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]
The production of business strikes ended in 1878, though proof coins officially continued to be minted until 1883. The trade dollar was re-monetized when the Coinage Act of 1965 was signed into law. Trade coins are coins minted by a government, but not necessarily legal tender within the territory of the issuing country.
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
In 1873, Congress had removed the use of silver dollar from the list of authorized coins under the Coinage Act of 1873 (referred to by opponents as 'the Crime of '73'"). Although the Bland–Allison Act of 1878 directed the Treasury to purchase silver from the "best-western" miners, President Grover Cleveland repealed the act in 1893. [4]
Morgan Giordano. Updated July 14, 2016 at 10:31 PM. ... On "Pawn Stars" Rick Harrison had to spend a pretty penny ... to get a pretty silver dollar. A 1922 High-Relief Proof Coin to be exact.