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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.
In 1890, the price of silver dipped to $1.16 per ounce. By the end of the year, it had fallen to $0.69. By December 1894, the price had dropped to $0.60. On November 1, 1895, US mints halted production of silver coins, and the government closed the Carson City Mint. Banks discouraged the use of silver dollars. [5]
For example, economic blogger Scott Sumner noted in 2018 that Rockefeller was worth $1.4 billion when he died in 1937, equivalent to about $24 billion in dollars in 2018 when adjusting for inflation. Meanwhile, Bill Gates in 1999 was worth nearly $150 billion in dollars adjusted to 2018. [4].
It primarily minted silver coins; however, it also minted gold coins, with a total face value in dollars nearly equal to that of its silver coins. The mint minted coins in 21 different years. The Carson City Mint was created in 1863 but was not put into operation until 1870.
The 1893-S Morgan dollar is a United States dollar coin struck in 1893 at the San Francisco Mint.It is the lowest mintage business strike Morgan dollar in the series. The 1893-S is considered to be a key date in the Morgan dollar series: examples of the coin in both mint state and in circulated condition are valuable.
The highest value is $4,500 or more for uncirculated notes from 1890, although most of those bills range from $550 to $2,500. The values are the same whether the bill has a red or brown seal.
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