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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.
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 high value of the coin has made it a target for counterfeiters. Many fake 1893-S Morgan dollars have been created.
The non-acceptance of $1 coins in the United States contrasts with the practice in most other developed countries where denominations of similar value exist only in coins; for example, the lowest-value pound sterling, euro and Japanese yen notes are the £5 note, €5 note and 1000 yen note respectively; each is worth more than US$5.
Depending on conditions. Coins that have very low eye appeal will be affected as the market value of these coins cannot warrant a higher grade. [30] Carbon streaks MS64 and lower Carbon streaks are a flaw caused by environmental conditions. Some contributing factors include coin storage in a damp place, or exposure to cigar or cigarette smoke. [31]
The basic obverse design of the Seated Liberty coinage consisted of the figure of Liberty clad in a flowing dress and seated upon a rock. [3] In her left hand, she holds a Liberty pole surmounted by a Phrygian cap, [2] which had been a pre-eminent symbol of freedom during the movement of Neoclassicism (and traces its roots back to Ancient Greece and Rome).
Despite its low mintage the nickel is not rare, its value is thought to be connected to the brilliant uncirculated roll boom that burst between 1963 and 1964. [2] On the opposite spectrum, the year 1964 saw the largest combined mintage of nickels to date.
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.
1883 elections in the United States by state (24 C) 1883 in American sports by state (16 C) A. 1883 in Alabama (2 C, 1 P) 1883 in Arizona Territory (1 C, 2 P)
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