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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 value determined by Augusta based on factors other than, and in addition to, the value of the precious metal the coin contains. Pricing factors relevant to the premium value assessed by Augusta may include, but are not limited to, speculative interest, collector and investor demand, available supply, industry promotions, perceived value, economic conditions, and other factors we deem relevant in our sole discretion. 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. For up-to-date market pricing and availability, please contact us directly.
Augusta cannot guarantee, and makes no representation, that any metals purchased by a customer will appreciate at all or appreciate sufficiently to make a profit, and there is no certainty that any metals can be sold for a profit. The future value of the coins you purchase cannot be predicted. You could lose money. Don't purchase Augusta products with money you can't afford to lose. Prices may rise and fall over time or rapidly. Past performance of any coin does not guarantee future results. Premium coins are sold for more than the spot price of the precious metal they contain. Augusta's sale prices and buy-back prices are determined and controlled by Augusta. The value assigned to the coins you purchase at any given time may vary from retailer to retailer and Augusta cannot guarantee another retailer will value the coins at the same rate as Augusta would in any given circumstance. Augusta cannot guarantee buy-back of any item it sells and cannot guarantee another retailer will purchase coins purchased through Augusta. Augusta cannot guarantee another retailer will value a premium coin at the same rate as Augusta would in any given circumstance. In a worst case scenario, you might have to sell your precious metals at “melt value,” which is the value of the products determined solely by their intrinsic metal content, which could result in a significant loss. This purchase is speculative. Any opinions offered by Augusta are Augusta's opinions and not to be relied on by anyone for any purpose. Seek your own legal, tax, investment, and financial advice before opening an account with Augusta. Augusta’s content may contain errors, Augusta is not qualified to offer legal, tax, investment, or financial advice. You should not base any purchasing decisions on the content Augusta provides. All decisions regarding the purchase or sale of precious metals, including the decision of which precious metals to purchase or sell, are your decisions alone. Precious metals investment involves risk and is not suitable for all investors. You should carefully consider your investment objectives, level of experience and risk appetite before making a decision to purchase Augusta products.
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