The Morgan Dollar is one of the most popular collectibles in all of numismatics. Las Vegas Jewelry and Coin Buyers loves to purchase Morgan Dollars! We offer more money for Morgan Dollars than any of our competitors. Whether you have a collection of Morgan Dollars or only one coin, our team will give you an immediate cash offer that is better than anyone else in the industry. How can we do this? We have developed a reputation as theMorgan Dollar experts. We buy so many Morgan Dollars that we don’t need to make a lot of money from each purchase. We pass the savings on to our customers and give you more money for Morgan Dollars than any store on the west coast.
Morgan Dollar Appearance
The Morgan Dollar was minted from 1878 – 1904 and then again in 1921. The coins got their name from their famed designer, George T. Morgan who designed the coins in 1878. The front of the coin shows a picture of Lady Liberty with the words E Pluribus Unum across the top of the coin. On the reverse side, is an eagle carrying an olive branch and arrows in its talons. The coin is made of 90% silver and 10% copper. Morgan Dollars are surprisingly heavy, 26.73 oz.
The coins were minted in Philadelphia, Carson City, San Francisco, New Orleans, and Denver. There is a mint mark on all Morgan Dollars showing where it was minted unless the coins were minted in Philadelphia in which case there would be no mark. If you would like an expert to examine a Morgan Dollar, call or visit Las Vegas Jewelry and Coin Buyers.
Morgan Dollar History
The Morgan Dollar was the first dollar coin minted in response to the Bland-Allison Act of 1873. This act required Treasury to purchase silver and mint it into dollar coins. Minting began in March of 1878 in Philadelphia. Mintage of the Morgan Dollar continued steadily until the passage of the Sherman Silver Purchase Act of 1890, which repealed the Bland-Allison Act. The intention of the Sherman Silver Purchase Act was to dramatically increase the production of silver dollars. The act only required increased silver dollar production for one year, but it ultimately led to rapid inflation and the Panic of 1893. The Sherman Silver Purchase Act was repealed in November 1893. Production of Morgan Dollars decreased sharply. The rarest Morgan Dollars were produced in 1895. By 1898 Congress ordered all remaining silver bullion purchased under the Sherman Silver Purchase Act coined into Morgan Dollars until 1904 when the remaining silver was exhausted.
The U.S. minted Morgan Dollars again, for one year, in 1921 in Denver. This was accomplished through the Pittman Act of 1918. The design was replace by the peace dollar the same year. The coin has gone on to be a collector’s item worth far more than a dollar. Las Vegas Jewelry and Coin Buyers is the leading collector of Morgan Dollars.
I Have a Morgan Dollar. Should I Clean It?
We do not recommend cleaning rare or vintage coins. The aged look of a coin is, often, what numismatists and collectors like. If you’re looking to retain your coin’s resale value, do not clean it.
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To learn more about selling Morgan Dollars to Las Vegas Jewelry and Coin Buyers, call today (702) 547-1670 or visit our store.
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