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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.
This resulted in a decrease in the value of gold and an increase in the relative value of silver. [1] ... (1873–1885) Morgan dollar (1878–1885) Succeeded by.
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.
Class III Silver Dollar United States Berg, Garrett Stack's Bowers: August 2014 $1,880,000 1879 Quintuple Stella J-1643 Pattern United States Carter, Trompeter Legend May 2016 $1,840,000 1873 No Arrows 10C United States Eliasberg Stack's Bowers: August 2012 $1,840,000 1804 Class I Silver Dollar United States Stack's Bowers: October 2000
The Coinage Act of 1873 or Mint Act of 1873 was a general revision of laws relating to the Mint of the United States.By ending the right of holders of silver bullion to have it coined into standard silver dollars, while allowing holders of gold to continue to have their bullion made into money, the act created a gold standard by default.
Coin then presented a chart to demonstrate the falling price of silver in comparison to gold, from hovering in between 15 and 16 silver per gold until 1873 to 23.72 silver per gold by 1892. Coin then claimed that there were $3,727,018,869 in gold and $3,820,571,346 in silver throughout the world.
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