The Essentials of Dollars – Getting to Point A

A Brief History of the Morgan Silver Dollar

Looking at the American currency coins series, one that has actually proved to be the most popular one is the Morgan Silver Dollar. Though, this was never the case from the beginning. Their extreme popularity with the coin collectors actually came to be in the mid 1970s. The following is a brief and quick review of the history there is with the Morgan Silver Dollar.

Looking back into history, we so have it that in the year 1878 in the month of February, we had the Bland-Allison Act coming into effect as law. The operation of this particular bit of legislation was to mandate the US government to make millions of dollar purchases of silver in each month and these were to be coined into silver dollars finally. The coins were not meant for trade. Instead they were meant to help with the need to bring some artificial effect of stability to the prices of silver which was a request of the silver miners in the Western US.

The hands behind the engraving of the sides of the coins, the obverse and the reverse sides, was one English coin engraver, George T. Morgan. The first minting of the Morgan Silver dollars was done in 1878 and was done first by the US Mint in Philadelphia. Over the life of the Morgan Silver dollars, they were produced at five different mints and these all except for one had their mint marks and they are Philadelphia mint which is the one that had no mint mark, San Francisco who mint mark was S, New Orleans, O as its mint mark, Carson City which had CC as the mint mark and finally Denver with D as the mint mark for their mint coins.

However, production of the Morgan Silver Dollar stopped for some time in the year 1904 following the introduction of the Peace Silver Dollar. But anyway, as we have already mentioned, the break was but to last just a while for in the year 1921, the Morgan silver dollar were again back in production and this was all as a result of the popularity that they had amongst the people.

For those who are as interested in these American currency coins collections, it is important for you to know precisely the particular kinds that will indeed fetch you as much worth and value. This is for the fact that most of the ones that have been known to have as much worth with the collectors have been counterfeited and as such there are some that are not authentic. This as such makes it important for you to have your coins authenticated by a reputable coin dealer or some other third party grading service.

Lessons Learned About Dollars

The Path To Finding Better Resources

Related Post