Gorgeous 1896 Morgan Silver Dollar In AU Condition From The Famous Philadelphia Mint!
Morgan silver dollars are U.S. coins, which were minted from 1878 to 1904, with an additional minting in 1921. The reason for the stoppage in 1904 was that the supply of dollars in circulation was high, but there was an absence of silver bullion. The Pittman Act in 1918 called for over 270 million coins to be melted for their 90% silver content. After the last minting year of 1921, the Morgan Silver Dollar was replaced with the Peace Dollar commemorative that would become standard issue. These dazzling “cartwheels” got their name from George T. Morgan, their designer. Morgan’s initials appear near the lovely Lady Liberty’s neck on the obverse of the coin. Five United States Mints struck Morgan dollars, but the main mint in Philadelphia prepared the obverse and reverse dies.
The stunning 1896-P Morgan Silver Dollar shown here was struck at the Philadelphia Mint and is in Almost Uncirculated condition. You may see coins that were minted at Philadelphia referred to as 1896-P, for example, but in actuality, Morgans from this Mint have no mint mark. The total mintage for circulation for the Philadelphia Mint in 1896 was 9,976,000. It does boggle the mind that one Mint produced all those Morgans, but you must take into account that so many were melted down. Plus, you can’t ignore the fabulous condition of this Morgan dollar. This 1896 Morgan silver dollar has a brilliant luster and the detailing of Lady Liberty and the bald eagle on the reverse remains strong and well-defined. The rims of this silver dollar are still full. The age, quality and beauty of this 1896 Morgan silver dollar make it a worthwhile purchase and an asset to any collection!
The Impressive 1883 CC Silver Dollar and The 1884 CC Morgan Silver Dollar Occupy A Special Place In U.S. History!
The journey of this 1883 cc silver dollar and the 1884 cc Morgan silver dollar began with prospectors searching and searching the mountains in Nevada and finding mineable amounts of silver. As a result, Virginia City sprang up and more prospectors flocked to the area. There were hints of the mother lode of silver, so in the 1850’s, the prospectors went on another search and found a small vein of silver. As they mined deeper, they discovered the vein to be as large as the mountain itself. This find was named the Comstock Lode and produced as much as $8,000,000 worth of silver each month. This actually ended up driving down the silver prices around the world. There was also a policy of Free Coinage of Silver, which allowed any citizen to bring as much silver as they wanted, to the Mint and the government had to strike the silver into coins.
There were many in Congress who wanted to put a halt to the Free Coinage, but Congress ended up passing higher tariffs and a law that would force the Mint to produce millions of silver dollars each month. To comply with this new law, the Carson City Mint was built in 1878, which was a hop, skip and a jump away from the silver mines and a new silver dollar was designed and produced—the 1883 cc silver dollar and the 1884 cc Morgan silver dollar. However, the Carson Mint was small and did not produce large numbers of silver dollars. Eventually, the amount of silver from the Comstock Lode slowed down to a minimum and negated the need for a Mint in the area. In 1893 the Carson City Mint closed its doors for good.
All the Carson City Mint Morgan dollars are highly collectible, due to the low mintage numbers and the distinct “cc” mint mark—the only double letter mint mark of its kind in America’s history. This mark can be found beneath the eagle, on the reverse of the coin. The spectacular 1883 cc silver dollar and the 1884 cc Morgan silver dollar are superbly-struck in .900 fine silver, with remarkable luster. What makes these two coins even rarer is that they are in Brilliant Uncirculated condition. Many of the Morgan dollars from the Carson City Mint were immediately released into circulation and 90% to 95%, of all Morgan dollars minted, were melted down, due to the Pittman Act of WW1. What a wild and illustrious history the rare 1883 cc silver dollar and the 1884 cc Morgan silver dollar share, bearing breathtaking detail and design, sure to enhance any investment portfolio or collection!
To Coin A Phrase…Of The Morgan Dollars For Sale, This 1900 Silver Dollar Is Purely Dazzling!
Talk about a real Cinderella story! It wasn’t until the 1960’s that the Morgan silver dollar, which prior to this date, was mostly ignored by the public, gradually became one of the most coveted and sought after of all the United States coins. In the autumn of 1962, there was a world-wide increase in the price of silver and a good many silver certificates were redeemed for Morgan dollars and the demand for them was very intense. Dealers, collectors and investors alike were scooping up all the Morgan dollars for sale that they were able. By March of 1964, the vaults of the Treasury were all but exhausted, with the exception of only 2.9 million Morgans, primarily exhibiting the scarce Carson City mint mark. These coins were sold by the General Services Administration, in a series of mail-bid sales from 1972 until 1980, making a large profit.
The year is 1900, with such exciting events such as: the United States and the United Kingdom signed a treaty for the Panama Canal, the first electric bus became operational in New York City and Hawaii officially became a U.S. territory. Also at that time, most Americans would rather use paper currency in place of those large, heavy silver Morgan dollars, which meant that many of these coins landed right in the Treasury Department’s vaults.
The 1900 silver dollar being offered today was struck at the Philadelphia Mint, which is the main mint that prepared the obverse and the reverse dies. Coins struck at the Philadelphia Mint do not actually have a mint mark, thus, when used, the “P” is for identification purposes only, in order to differentiate between the other Mints. This lustrous Morgan silver dollar has been graded as a Mint State 64, Gem Brilliant Uncirculated condition, by a third-party grading service and is an absolutely beautiful example of the Morgan dollars for sale. This turn of the century Morgan was struck in .900 pure silver, with an impressive diameter of 38.1. Exceptional in design and steeped in historical significance, this outstanding 1900-P Morgan silver dollar would not only be a wise investment, but also an asset to any collection!
Old Macdonald Had A Farm…And A Hoard Of Magnificent 1921 Morgan Silver Dollars In AU Condition!
Shockingly, Morgan silver dollars were not exactly welcomed with open arms, when they first came out in 1878. There were many people who thought that the eagle on the reverse of the coin was unattractive and referred to the Morgans as “Buzzard Dollars”. Because of its weight and large size, the coin was also called a “cartwheel”. Morgan silver dollars were minted from 1878 to 1904, with a revival in 1921, at five U.S. Mints: Philadelphia, San Francisco (1878-1904, 1921), Denver (1921), New Orleans (1879-1904) and Carson City (1878-1885, 1889-1893). The Philadelphia Mint produced Morgan dollars each issue year; however, there are no known circulation strikes for 1895, since all were believed to be melted down. In present day, the spectacular Morgan dollars are hugely popular worldwide.
The year was 1921 and the last year for production of the remarkable Morgan silver dollars, Warren Harding is President, the end of World War I was official and the United States’ economy was booming. The New Orleans Mint closed its doors in 1909 and was briefly used as a Coast Guard storage facility, an assay office and a fallout shelter. Today it operates as a museum. The need for the exquisite Morgan silver dollars in 1921 rose to such an extent that the government resumed their production, for less than a full year, with just a few minor alterations. Denver minted 20,345,000 Morgans, Philadelphia produced 44,690,000 and San Francisco struck 21,695,000 Morgan silver dollars.
Spectacularly Rainbow-Toned 1879 Morgan Silver Dollar In AU Condition!
Silver and Morgan silver dollars are words that work a bit of magic, if you will, on collectors and anyone who has had the pleasure of holding these large, glistening, ninety-percent silver coins in their hands. The Morgan Silver Dollar was minted in the U.S from 1878 – 1904, with an additional minting in 1921. The Philadelphia Mint, established in 1792, exemplifies the history of the United States. Thomas Jefferson, himself, hand-delivered the Mint’s very first coin to the Father of our Country, to obtain his stamp of approval. Since Philadelphia was the only mint in the U.S. until 1838, the coins struck there carry no identifying mint mark. In 1879, approximately fifteen million Morgan silver dollars were minted in Philadelphia.
Among numismatists, the toning of a coin is nearly as controversial as grading. Toned and un-toned coins, both, have their attractions. However, the attraction of a coin that is beautifully toned is undeniable. Toning is just another way of saying tarnishing. Toning on silver is a form of corrosion and is a slower process than it is on iron or bronze. As a whole, silver coins tone more beautifully than those composed of other metals. Silver sulfide is the typical toning on silver coins and the metal that coins are alloyed with also affects toning, particularly copper. Morgan silver dollars tone more beautifully than Peace Dollars because the latter planchets were given a more concentrated acid bath at the Mint.
Now let’s talk coin grading. The abbreviation “AU” stands for Almost Uncirculated. This means that there is a small trace of wear that is visible on the highest points of the coin. The impressive 1879 (P) Morgan Silver Dollar, being offered today, was struck at the Philadelphia Mint and is in Almost Uncirculated condition. You will notice that the gorgeous rainbow toning on this superb Morgan goes from a vivid blue to purple to gold. Who could resist such dazzling colors and such a notable year? This is the year that Albert Einstein was born and when Edison invented the first electric light bulb. This magnificent, rainbow-toned 1879 (P) Morgan Silver Dollar tells the history of pioneers, mountain men and prospectors who opened up the West and the brave families who settled the open prairies! Why not start your collection of Morgan silver dollars now?
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