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The Morgan dollar is a United States dollar coin minted from 1878 to 1904, in 1921, and beginning again in 2021 as a collectible. It was the first standard silver dollar minted since the passage of the Coinage Act of 1873, which ended the free coining of silver and the production of the previous design, the Seated Liberty dollar.
The mint was established in Carson City to facilitate minting of silver coins from silver in the Comstock Lode, much as the San Francisco Mint was established to facilitate minting gold coins from the gold of the California gold rush. From 1895 to 1933, the building served as the U.S. Assay Office for gold and silver. The federal government ...
The American trade dollar therefore had to contain more silver, at 420 grains of 90% fine silver, fine content 378.0 grains (24.49 g), or 0.44 g more fine silver than the regular circulation Seated Liberty Dollars and Morgan Dollars. Most trade dollars ended up in China during their first two years of production, where they were very successful.
The Seated Liberty dollar was the first coin to be struck at the Carson City Mint; the first to be issued were 2,303 pieces paid to a Mr. A. Wright on February 11, 1870. [43] The dollar was struck at Carson City from 1870 to 1873, with the largest mintage, 11,758, in 1870.
The value of silver dollars can vary greatly, whether it’s the 1964 Kennedy half dollar or the 1922 silver dollar coin. And some rare specimens fetch astounding amounts at auctions.
The mintage for 1876 was low (coining took place at Philadelphia and Carson City), and only proof specimens were coined in 1877 and 1878, at Philadelphia. [30] Most of the 1876 Philadelphia mintage were sold as souvenirs at the Centennial Exposition. [28] In March 1877, Linderman authorized the melting of 12,359 twenty-cent pieces at Carson City.
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