Once thought to be lost to history, the Morgan Silver Dollar is still available to investors and collectors more than 100 years after it went out of circulation. The Morgan Silver Dollars were largely melted down by the Treasury Department in the 1920s, leaving many to believe they’d never surface in significant numbers again. Right now, the Morgan Silver Dollar coin is available to purchase on Silver.com.
- Individual coins ship in plastic flips, multiples of 10 – 20 ship in tubes.
- Total mintage of 570,247,299 coins released by the United States Mint!
- Consists of .859 Troy ounces, or 26.73 Grams, of actual silver content in BU condition.
- Bears a face value of $1 (USD) backed by the federal government.
- Obverse features Lady Liberty in left-profile relief.
- Reverse bears the American bald eagle design.
- Design from George T. Morgan.
All Morgan Silver Dollar coins available here today on Silver.com in this listing are in BU condition. Coins in this condition exhibit no signs of wear and tear, though you may notice a range of minor flaws that include breaks in the luster, spotted surfaces, and contact marks from the original coining process.
As noted above, the original production run of 570 million Morgan Silver Dollars over nearly 30 years was actually a bit of an exercise in futility. At the turn of the 20th century, Americans had little interest in carrying around bulky silver dollar coins. Of the 570 million struck, 270 million were collected in 1918 under the Pittman Act and melted down for the silver.
Most of the Morgan Silver Dollars struck during its original production run were hoarded in bags of 1,000 coins by the mints due to the lack of popularity for carrying around these coins. The San Francisco Mint released hundreds of thousands of these hoarded coin bags in the 1940s and 1950s, much to the delight of collectors.
The Morgan Silver Dollar’s obverse face includes the image of Liberty created in 1878 by George T. Morgan. A Briton by birth, George T. Morgan came to the United States on a six-month trial position at the United States Mint. Not only would he create this design for the silver dollar, he’d go on to succeed Charles E. Barber as US Mint Chief Engraver upon the latter’s death in 1917.
On the reverse of all Morgan Silver Dollar coins you’ll find the image of an American bald eagle clutching arrows in one talon and an olive branch in the other. The eagle’s head is set facing the olive branch, a design facet typically used when the nation is at peace.
If you have any questions, please feel free to reach out to Silver.com with any questions about our US Silver Dollar Coins. Our customer service team is available at 888-989-7223, online through our live chat, and via our email address.