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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.
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 $38.09 today.
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
Seated Liberty half dollar (1870–1878) Seated Liberty dollar (1870–1873) Trade dollar (1873–1878) Morgan dollar (1878–1885 and 1889-1893) Note: A Seated Liberty dollar was the first coin to be struck at Carson City.
Free coinage of silver means a person could bring silver ingots to the United States Mint and have them coined. For example, $0.53 of silver would produce a silver dollar, which is what the Morgan dollar (1878-1921) contained. If the government issued dollars containing 100 cents worth of silver, they would have been very large and cumbersome.
China's Ministry of Commerce adds 28 U.S. entities to export control list to "safeguard national security and interests."
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