The Morgan Dollar: A Brief History
The Morgan Dollar, named after its designer, George T. Morgan, was first minted in 1878 and continued production until 1904. It was later revived for a single year in 1921. These silver dollars were created as a result of the Bland-Allison Act, which required the U.S. Treasury to purchase large quantities of silver to be minted into coins. The Morgan Dollar was born out of this mandate and has since become a symbol of America's prosperity during the late 19th and early 20th centuries.
The Philadelphia Mint: America's First Mint
The Philadelphia Mint, established in 1792, holds the distinction of being the oldest and one of the most prestigious mints in the United States. In addition to minting the Morgan Dollar, the Philadelphia Mint has produced a wide variety of other coins throughout its history, including the iconic Liberty Bell design on the reverse of the Franklin Half Dollar. Its rich history and pivotal role in the nation's coinage production make the Philadelphia Mint a key player in the story of American currency.
Philadelphia Mint Morgan Silver Dollars: A Collector's Dream
While Morgan Dollars were minted at various U.S. Mint facilities, the Philadelphia Mint holds a special place in the hearts of collectors. Coins minted in Philadelphia generally do not have a mintmark, which can make them more challenging to identify. However, this only adds to their allure and mystique. Philadelphia Mint Morgan Silver Dollars are known for their high-quality strikes and excellent detail, making them a valuable addition to any numismatic collection.
The Role of Silver in the Morgan Dollar
The Morgan Dollar is composed of 90% silver and 10% copper, giving the coin a unique appearance and historical significance. The use of silver in these coins represents the United States' commitment to the silver industry during a time when the country was experiencing rapid economic growth. With each Philadelphia Mint Morgan Silver Dollar, you hold a tangible piece of America's past and a testament to the nation's perseverance through economic and political challenges.
Key Dates and Varieties
As with any collectible coin series, certain key dates and varieties are especially sought after by collectors. For the Philadelphia Mint Morgan Silver Dollars, the 1893 and 1901 issues are particularly scarce and valuable due to their low mintage numbers. Additionally, the 1921 issue marks the last year of Morgan Dollar production and holds a special significance for collectors. Apart from these key dates, other Philadelphia Mint Morgan Dollars with high-quality strikes and exceptional eye appeal are always in demand.