Arguably the most coveted and collected vintage United States Silver Coin of all time, Morgan Silver Dollars are always in demand. And no wonder: this is a coin steeped in American history, minted from the era of the Wild West to the first shout of the Roaring Twenties.
As the largest silver currency coin ever to circulate in the United States, the Morgan Silver Dollar was America's "work horse" coin – the big silver dollar many businessmen, farmers and housewives counted on as cash money every day.
Named for their designer, the U.S. Mint’s seventh Chief Engraver George T. Morgan, each hefty "Silver Cartwheel" was struck in more than three quarters of an ounce of 90% pure "American" silver, mined from Nevada's legendary Comstock Lode.
Between 1878 until 1921, the U.S. Mints in Philadelphia, New Orleans, Carson City, Denver and San Francisco would pump out millions of Morgan Silver Dollars every year – and during their impressive 43-year run, Americans would experience the magic of the first telephone ... the mayhem of the First World War … and the beginnings of the modern age.
For more information about the Morgan Dollar read these two Info-Vault articles titled Morgan Silver Dollars: The King of 19th Century Coins and Collecting Morgan Silver Dollars.
But with every increase in silver prices, countless numbers of those coins fell victim to the melting pots. The Pittman Act of 1918 meant 270 million of Morgan Silver Dollars would be melted down in support of America's efforts during World War I. Those that remained would face the same fate during the Great Depression – and again in the early 1980s when silver shot up to over $50 an ounce.
Today, it's estimated that as few as 15% of all Morgans ever minted remain. And as more and more of these coveted silver coins are locked up in private collections, it's become increasingly difficult to track down enough Morgan Silver Dollars to meet the global demand for this historically popular and increasingly scarce all-American coin. You’re in luck, thanks to our extensive network of numismatic experts, you can still find authentic Morgan Silver Dollars here!