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Morgan Silver Dollar
Morgan Silver Dollar
Morgan Silver Dollar
Morgan Silver Dollar
Morgan Silver Dollar
Morgan Silver Dollar

Morgan Silver Dollar


  • Silver Content – 0.77344 oz.
  • Gross Weight – 26.73 g
  • Composition – 90% silver, 10% copper
  • Coin Diameter – 38.1 mm
  • Thickness – 3.1 mm
  • Mint Dates – 1878-1904, 1921
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Details

Overview

One of the most collected silver coins in U.S. history, the Morgan silver dollar is a thing of Old West legend. Designed by George T. Morgan and first struck in 1878, it was issued to circulate the huge quantity of silver mined from the Comstock Lode.

Design

The obverse (front) has Lady Liberty’s head encircled by date of issue, 13 stars for the original 13 colonies, “E PLURIBUS UNUM,” Latin for “Out of Many, One,” which was chosen as the first United States motto in 1776.The reverse has a bald eagle with spread wings spread perched on a branch and arrows, and partially surrounded by a wreath. Above its head is “In God We Trust.” Around the rim is “UNITED STATES OF AMERICA” separated by stars from “ONE DOLLAR.”Morgan, who studied at the British Royal Mint, placed an “M” on both sides of the coin as his signature. He slightly altered the coin’s design when it was reintroduced in 1921.

Minting

The largest and heaviest silver coin since the Civil War, the Morgan silver dollar is 0.77344 oz. of pure silver. It was minted from 1878- 1904, when the government exhausted its silver bullion supply. Then Congress passed the Pittman Act in 1918, recalling over 270 million silver dollars for melting and reminting. The Morgan silver was minted one last time in 1921, and then it was replaced by the silver Peace Dollar.

Valuation

This is a premium coin, meaning the coin’s price includes a premium above the melt value of the precious metal it contains, which includes Augusta’s margin. This premium is solely determined and controlled by Augusta, based on factors Augusta deems valuable in determining and controlling such premium. Other retailers may not recognize the premium value that Augusta recognizes for this premium coin and may only be willing to pay as little as the melt value for this coin (the value of the precious metal that the coin contains). If you sell this coin to a retailer that does not recognize the premium value assessed by Augusta at the time of sale, then such sale may result in significant losses. Augusta cannot guarantee that it will buyback any item it sells and cannot guarantee another retailer will purchase this premium coin.

Investment in precious metals involves risk and is not suitable for all investors. Augusta Precious Metals recommends that you consult your own financial or investment advisors prior to investing in precious metals. Augusta is not qualified and does not offer financial, investment, legal, or tax advice. This site and the information provided by Augusta throughout its sales process is general in nature and is not tailored to any specific person, their circumstances, or their financial goals.

Opinions offered by Augusta Precious Metals are its own. Additionally, while Augusta attempts to provide factually accurate information, information presented by Augusta may turn out to be inaccurate or incomplete. You should conduct your own independent verification of any facts or opinions presented prior to making any investment.

All decisions regarding the purchase or sale of precious metals are your own, and should only be made after considering your investment objectives, risk tolerance, and level of experience. Augusta Precious Metals cannot guarantee, assure, or promise future market movement, prices, or profits. Past performance does not guarantee future results. Any investment in precious metals is speculative and could result in significant financial losses.

* Past customers received silver coins as a thank-you for reviews. Joe Montana is a paid ambassador for Augusta.

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