$50 Face Value Junk Silver

The Morgan Silver Dollar is one of the most iconic coins in American numismatic history, minted from 1878 to 1904 and again in 1921. Named after its designer, George T. Morgan, this silver dollar was produced to standardize the U.S. currency and capitalize on the wealth of silver from the Comstock Lode.

Why is the Coin Famous?

The Morgan Silver Dollar is celebrated for its striking design and historical significance. It was minted during a pivotal time in American economic history, representing both the abundance of silver and the country's westward expansion. Collectors and investors are drawn to the coin for its historical context, aesthetic appeal, and the fact that it was one of the last silver dollars circulated for everyday use.

Who Designed the Coin and Why?

The coin was designed by George T. Morgan, an English engraver who joined the U.S. Mint. Morgan was tasked with creating a design that would embody the nation's ideals of liberty and prosperity. The obverse side of the coin features a profile of Lady Liberty adorned with a Phrygian cap and flora, symbolizing freedom and agricultural wealth. The reverse side showcases an eagle with outstretched wings, clutching arrows and an olive branch, representing strength and peace.

Coin Specifications and Symbolism

• Weight: 26.73 grams
• Silver Content: 90% silver (0.77344 troy oz of pure silver)
• Diameter: 38.1 mm
• Thickness: 2.4 mm
• Edge: Reeded

The Morgan Silver Dollar was minted in several locations, including Philadelphia (no mint mark), New Orleans (O), San Francisco (S), Carson City (CC), and Denver (D for 1921 only). These mint marks are located on the reverse, beneath the wreath.

Morgan Silver Dollar Value

Some Morgan Silver Dollars, particularly those from the Carson City Mint or with lower mintages, are highly sought after. For instance, coins from 1889-CC, 1893-S, and 1895 are considered key dates and can command significant premiums. Coins in exceptional condition, such as MS65 or higher, can also fetch higher prices. While many Morgan Silver Dollars have values tied closely to their silver content, those with historical significance or in excellent condition can be much more valuable.

As with all vintage coins, the value of the Morgan Silver Dollar is influenced by its condition, rarity, demand among collectors, and the current market price of silver.

The Morgan Silver Dollar remains a treasured piece of American history, cherished by numismatists for its beauty and the era it represents. Its lasting legacy is a testament to the craftsmanship of George T. Morgan and the vibrant history of the United States.

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