Morgan Dollar

The Morgan Dollars minted in Carson City are rare and highly coveted today. While the Philadelphia coins don’t feature mintmarks, a “CC” indicator appears on the Carson City issues. Morgan Dollar coins were also struck in San Francisco, New Orleans, and Denver, and these coins come with mintmarks of “S”, “O” or “D” respectively. The Morgan silver dollar, first issued in 1878, is arguably the most popular of all American coins. It has so much going for it: it is a large silver coin, it has a great number of varieties, it has a long history, and it was struck at almost all of the U.S. Mints during its history (Philadelphia, Carson City, Denver, New Orleans and San. The Birth of America's beautiful Morgan Dollar – Minted from 1878-1904, and once again in 1921, the Morgan silver dollar is one of America's most popular collectible coins. To fully understand the history of these 90% silver beauties, we first have to go back to the era of our nation's great gold and silver rushes – particularly 1859. The Morgan dollar ceased production in 1904 when the supply of silver authorized by Congress ran out. The United States Treasury melted approximately 270 million silver dollars in 1918 to loan the metal to Great Britain. In 1921, additional Morgan dollars were struck to build up the reserve of coins needed to back paper Silver Certificates.

The House of Representatives Sept. 22 passed proposed legislation seeking multiple coins marking the centennial anniversary in 2021 of the transition of silver dollar production from the Morgan dollar to the Peace dollar.

H.R. 6192, the 1921 Silver Dollar Coin Anniversary Act, was originally introduced in the House March 11, 2020, by Rep. Andy Barr, R-KY. H.R. 6192 was received by the Senate Sept. 23 and referred to the Senate Committee on Banking, Housing, and Urban Affairs.

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A mirror bill in the Senate, S. 4326, was introduced July 27, 2020, by Sen. Mike Enzi, R-WY.

The legislative initiative is championed by Thomas J. Uram, chairman of the Citizens Coinage Advisory Committee, and Mike Moran, another member of the CCAC.

The coins to be authorized under the legislation are not considered commemorative coins, Uram said, and are not counted against the restrictions of two specific commemorative coin programs annually.

H.R. 6192 provisions

The bill authorizes production of Morgan and Peace dollars in not less than .900 fine silver, with the balance of the alloy in copper.

Uram said that, from discussions with U.S. Mint officials, options would include issues struck at the Denver, Philadelphia and San Francisco Mints, with privy marks added to specific Morgan dollar issues to pay homage to the silver dollar output at the former Carson City Mint in Nevada and New Orleans Mint in Louisiana.

Uram said discussions included details for Proof and Uncirculated releases, with the possibility for special sets to include coins of different finishes from multiple Mints.

Uncirculated versions could include a 2021-P Peace dollar struck at the Philadelphia Mint with the original high relief, and Morgan dollars struck at the Denver and San Francisco Mints.

Uram said it had not been determined which Mint or Mints would strike Proof versions.

One option discussed was Morgan dollars having privy marks representing the Carson City and New Orleans Mints, with the privy mark positioned where the Mint mark would normally be, in the space below the eagle’s tail feathers.

The Morgan dollar was struck from 1878 to 1904, and again in 1921. Production was executed at the Mint production facilities in Philadelphia, Denver, San Francisco, New Orleans and Carson City.

1878 Morgan Dollar (S)

The Peace dollar was struck from 1921 to 1935, with production at the Philadelphia, Denver and San Francisco Mints.

Morgan Dollars Value

Value

Morgan Dollar Mintage

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