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This resulted in a decrease in the value of gold and an increase in the relative value of silver. [1] As a result, silver coins rapidly disappeared from circulation due either to hoarding or melting. [1] In response, Congress authorized the Mint to reduce the quantity of silver in all denominations except the three-cent piece and silver dollar. [1]
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.
No Motto Silver Dollar United States Wolfson, Jay, Delp ANR January 2005 $1,207,500 1804 Class III Silver Dollar United States Carter, Flannagan Bowers Merena July 2003 $1,200,000 1911 Hsüan-t'ung Dollar Pattern PR-63 China Heritage Auctions December 2021 $1,175,000 1792 Birch Cent J-4 Pattern United States Bushnell, Parmelee, Jenks, Green
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 production of large numbers of U.S. gold coins (The first $1 and $20 gold coins were minted in 1849) from the new California mines lowered the price of gold, thereby increasing the value of silver. By 1853, the value of a U.S. silver dollar contained in gold terms, $1.04 of silver, equal to $39.31 today.
The silver-colored Susan B. Anthony dollar was replaced with gold-colored Sacagawea dollar in 2000 and Presidential Dollars 2007-2016; though the composition changed, the coin's size and weight remain the same. Some variances in coin size and weight occurred over time, especially as the value of silver varied.
The Japanese Trade Dollar was a dollar coin, issued from 1875 to 1877. It was minted of 27.22 g of silver with a fineness of .900 (90%). The Yen coin had 26.96 g of silver at that time, and otherwise nearly identical in design to the trade dollar. [1] 2,736,000 coins of this type were minted, the vast majority in 1876-77. [2]
On quarter, half dollar, and silver dollar coins, the reverse featured a central eagle about to take flight, with a striped shield upon its breast. The eagle clutched an olive branch of peace in its right talons and a group of arrows in its left talons. Above the eagle around the rim were the words "United States of America" and below the eagle ...