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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 te production of the previous design, the Seated Liberty dollar.
The Scandinavian silver alloy contains 83% pure silver and 17% copper or other metals. [10] German silver will be marked with a millesimal fineness of 800 or 835 (80% or 83.5% pure silver). Any items simply marked "German silver", "nickel silver" or "Alpaca" have no silver content at all, but are mere alloys of other base metals. [citation needed]
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.
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Gorham Silver was founded in 1831 in Providence, Rhode Island by Jabez Gorham, [3] a master craftsman, in partnership with Henry L. Webster. [4] The firm's chief product was spoons of coin silver. The company also made thimbles, combs, jewelry, and other small items.
Only 270,232,722 coins were melted for sale to the British, but this represented 47% of all Morgan dollars struck to that point. [3] The Treasury was required by the terms of the Act to strike new silver dollars to replace the coins that were melted, and to strike them from silver purchased from American mining companies. [4]
"The words "silver" and "sterling silver" describe a product that contains 92.5% pure silver. Silver products sometimes may be marked 925, which means that 925 parts per thousand are pure silver. Some jewellery described as "silver plate" has a layer of silver applied to a base metal. "Coin silver" is used for compounds that contain 90% pure ...
A silver Spanish dollar minted in Mexico City c. 1650. After the introduction of the Guldengroschen in Austria in 1486, the concept of a large silver coin with high purity (sometimes known as "specie" coinage) eventually spread throughout the rest of Europe. Monetary reform in Spain brought about the introduction of an 8-real (or 1-peso) coin ...
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