About the Morgan Silver Dollar
In February 1878, the Bland-Allison Act was implemented and ordered the government to purchase several million dollars worth of silver every month and coin them into silver dollars – that’s how the Morgan Dollars came about.
Though not required for commerce usage, it was required to artificially stabilize the price of silver at the request of the silver mining interests in America.
The first batch of Morgan silver dollars was minted in 1878.
The Morgan Silver Dollar was minted in 5 different mint states:
- New Orleans (mint mark O)
- San Francisco (mint mark S)
- Carson City (mint mark CC)
- Denver (mint mark D)
The Morgan Dollar was circulated from 1878 to 1904. It came back into circulation for one year only, in 1921 in Denver.
Design of the Morgan Silver Dollar
The obverse on Morgan Dollars shows a Liberty wearing a Phrygian cap with “Liberty” on the hair band. The reverse depicts a bald eagle holding onto a bundle of arrows and an olive branch.