Thursday, March 15, 2012

Morgan Dollars (1878 - 1921)

The Morgan Silver Dollar is one of the most widely collected and popular American silver coins ever produced. Designed by George T. Morgan in 1878, the Morgan dollar featured a left-facing portrait of Liberty on the obverse and an eagle above a wreath, on the reverse. Designer's initial M is found on both sides of the coin – at the truncation of Liberty’s neck and on the ribbon’s left loop. The last year of production for the Morgan silver dollar was 1904, when over 350 million were melted under the Pittman Act of 1918 since their demand was low and bullion supply was exhausted. However, in 1921, the Morgan dollar was reintroduced for 1 year. This last time, its design had a flat-breasted eagle. Over a 28 year period, over 600 million silver Morgan dollars were produced in 96 different date and mint combinations. Even though 1921 was the end of an era for the silver Morgan Dollar, it was just the beginning of the road for coin collectors. Besides value and availability, the Morgan dollars have been popular for their attractive luster, their frosted surfaces and their deep mirror proof-like reflective surfaces. The deep mirror of cameo Morgan Dollar is the most prized and sought after silver dollar.

In 1878, the Bland-Allison Act authorized the production of the Morgan dollar as a way to reduce the oversupply of silver existent in America. Since then, Morgan dollars were minted in five different locations: Philadelphia (no mint mark), New Orleans (O), San Francisco (S), Denver (D) and Carson City (CC). Mintmarks can be found below the wreath, on the reverse.

When talking about Morgan dollars, we need to mention their specific niches known all over the world among coin collectors. The first struck Morgan exhibited eight tail feathers (8TF) on the reverse, and the eagle had a concave or “flat” breast. Still in 1878, at the order of Mint Director Henry Linderman, the Morgan dollars were struck with 7 tail feathers over the 8 tail feathers, creating the popular and scarce 7 over 8 tail feathers (7/8TF). In June of 1878, the convex or round breast on the reverse was introduced, and it remained the specific design for Morgan silver dollars until 1904. However, the 1921 Morgan dollar had a flat-breasted eagle.

Buy Morgan Dollars online from The Executive Coin Company, one of the top coin dealers in United States. We offer a wide variety of Morgan Silver Dollars for sale in different grades: circulated, uncirculated, certified and graded by PCGS, NGC, and ANACS! Our expertly photographed silver dollar selection includes the ever popular Carson City dollars, 1878 through 1885, 1891, 1892, 1893, and the sought out key dates: 1889-CC Morgan Dollar, 1893-CC, 1894, 1895-S, and 1895-O. Our inventory includes Morgan Dollars for sale in all popular dates. We also feature TOP 100 VAM varieties such as: the 1880-P VAM 1a Knobbed 8, the 1888-O VAM 4 Hotlips, the 1882-O/S VAM Over-Mintmark, the 1900-O VAM 29a Die Break through Date, and the 1900-O/CC VAM. We strive to provide competitive prices and excellent value on every Morgan Dollar you purchase.