There are a number of compelling reasons to invest in Morgan dollars and all focus on its history and why it became famous. Most Morgan dollars were produced in large quantities because of a rather infamous deal struck between the early Nevada silver producers and the US Mint. The silver producers of the Comstock Lode soon realized they had an oversupply of silver and America had unemployed workers. This may have led to the Bland-Allison Act of 1878, which authorized the new Morgan dollar. Silver from the Comstock Lode was then used to produce large quantities of Morgan silver dollars and in the process helped with the unemployment problem. As is sometimes the case with government intervention a great deal more coins were than were needed for everyday commerce so the oversupply eventually caused large-scale government storage of these beautiful coins. The problem of storage was addressed in 1918 when under provisions of The Pittman Act almost 300 million of these silver dollars were then melted. These dollars were melted without regard or record as to date or mintmark. This, we believe, has led to one of the great investment opportunities in America's most prized silver coin.
U.S. MINT SPECIFICATIONS
Obverse Image: Lady Liberty
Reverse Image: Eagle holding arrows and olive branch
Metal Composition: 90% silver, 10% copper
Total Weight: 26.73 grams
Comments: The Morgan Dollar is named after its designer, George T. Morgan, who designed the obverse and reverse of the coin.
Note: Since we may have more than one of these coin(s) in stock, you should use stock photographs (demonstrated above) as an indicator of the quality of the coin(s) you will receive.
This listing is for the sale of only ONE Morgan Silver Dollar Coin. All coins sold here are in different grades of circulation and will therefore demonstrate different grades of minimal wear and/or tarnish.