Morgan Silver Dollars
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History and Origin: The Morgan Silver Dollar was minted from 1878 to 1904, and then again in 1921. It was named after its designer, George T. Morgan. These coins were the result of the Bland-Allison Act, which required the U.S. Treasury to buy a certain amount of silver to mint coins. The front (obverse) of the coin features a profile of Lady Liberty, while the back (reverse) displays an eagle with outstretched wings.
Composition and Size: Morgan Silver Dollars are composed of 90% silver and 10% copper, making them highly sought after by both collectors and investors. Each coin contains exactly 0.77344 troy ounces of silver. The high silver content contributes to the coin's value, both as a collectible and as a silver bullion.
Significant Varieties and Key Dates: Among Morgan Silver Dollars, certain years and mint marks are especially valuable due to their rarity. For example, the 1895 "Proof" Morgan is one of the most sought-after coins by collectors. Similarly, the 1893-S Morgan is known for its low mintage and high value. Collectors also look for specific varieties, such as the 1888-O "Hot Lips," which is famous for its double die obverse, where Lady Liberty appears to have doubled lips and nose.
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