$1 Morgan Dollar MS66 Certified (Dates/Types Vary)
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The Morgan Dollar stands as a unique numismatic treasure, cherished by collectors for its distinctive characteristics.
This coin is notably large, almost the size of a palm, and carries substantial weight. The reason behind its impressive size may be attributed to the abundant silver available during that era.
The Comstock silver lode, situated in Nevada, yielded an astonishing one million dollars' worth of silver on a weekly basis. However, this sheer abundance posed a challenge; without a sufficient market for all this silver, Nevada's economy faced potential collapse.
In keeping with the American political tradition, lobbyists swiftly took action. They successfully lobbied the government to mandate the U.S. Treasury to purchase $2 to $4 million worth of silver each month, converting it into silver coinage.
George T. Morgan, an engraver at the Mint, was tasked with designing this new silver dollar. His design showcased Lady Liberty's profile on the obverse side, while the reverse featured an eagle. Interestingly, Morgan chose to portray Liberty as an American woman, deviating from the conventional Greek-style representations. He drew inspiration from nature studies of the bald eagle to craft a fresh and distinctive eagle design. Consequently, the silver dollar coinage in America received a much-awaited makeover.
The production of Morgan Dollars spanned from 1878 to 1904, with a brief resurgence in 1921. Notably, the year 1894 is considered one of the rarest due to the limited number released into circulation. Additionally, among Morgan Dollars minted at the Philadelphia Mint, Mint State 1894s rank as the second rarest.
This coin is notably large, almost the size of a palm, and carries substantial weight. The reason behind its impressive size may be attributed to the abundant silver available during that era.
The Comstock silver lode, situated in Nevada, yielded an astonishing one million dollars' worth of silver on a weekly basis. However, this sheer abundance posed a challenge; without a sufficient market for all this silver, Nevada's economy faced potential collapse.
In keeping with the American political tradition, lobbyists swiftly took action. They successfully lobbied the government to mandate the U.S. Treasury to purchase $2 to $4 million worth of silver each month, converting it into silver coinage.
George T. Morgan, an engraver at the Mint, was tasked with designing this new silver dollar. His design showcased Lady Liberty's profile on the obverse side, while the reverse featured an eagle. Interestingly, Morgan chose to portray Liberty as an American woman, deviating from the conventional Greek-style representations. He drew inspiration from nature studies of the bald eagle to craft a fresh and distinctive eagle design. Consequently, the silver dollar coinage in America received a much-awaited makeover.
The production of Morgan Dollars spanned from 1878 to 1904, with a brief resurgence in 1921. Notably, the year 1894 is considered one of the rarest due to the limited number released into circulation. Additionally, among Morgan Dollars minted at the Philadelphia Mint, Mint State 1894s rank as the second rarest.
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