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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 American trade dollar therefore had to contain more silver, at 420 grains of 90% fine silver, fine content 378.0 grains (24.49 g), or 0.44 g more fine silver than the regular circulation Seated Liberty Dollars and Morgan Dollars. Most trade dollars ended up in China during their first two years of production, where they were very successful.
The Quarter-Dollar, Half-Dollar and Dollar coins were issued in the copper 91.67% nickel 8.33% composition for general circulation and the Government issued six-coin Proof Set. A special three-coin set of 40% silver coins were also issued by the U.S. Mint in both Uncirculated and Proof.
Three cent pieces made of silver, and later copper-nickel, were also made around this era. From 1875 to 1878, Twenty cent pieces were made in the Seated Liberty design. A Three-dollar piece of gold was minted from 1854 to 1889. In 1878, the first Morgan Silver Dollars were minted; this series lasted until 1904 and was revived for several months ...
The Flowing Hair Dollar sold for $10 million at auction in 2013 to set a new world record for the highest price ever paid for a rare coin, CNN reported. That record was eclipsed in 2021 when a ...
The history of the United States dollar began with moves by the Founding Fathers of the United States of America to establish a national currency based on the Spanish silver dollar, which had been in use in the North American colonies of the Kingdom of Great Britain for over 100 years prior to the United States Declaration of Independence.
The value of silver dollars can vary greatly, whether it’s the 1964 Kennedy half dollar or the 1922 silver dollar coin. And some rare specimens fetch astounding amounts at auctions.
The new silver coins were to be struck in an alloy containing 1,485 parts out of 1,664 (about 89.24 percent) fine silver, with the remainder copper, intended to equal the silver in Spanish dollars. However, an assay of the Spanish dollars was in error—they were in fact 65/72 silver (about 90.28 percent) with the remainder copper.