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According to the deputy, Morgan was a very talented engraver, but there were few positions open in London at the time. During his stay there, Morgan designed pattern coins that were originally intended for the half dollar. He had studied at the Pennsylvania Academy of the Fine Arts to prepare for designing a Liberty head for the coin, and he researched the nature of the bald eagle.
Linderman instructed both Morgan and Barber to design a coin depicting Lady Liberty on the obverse and an eagle on the reverse. When designing his half dollar Liberty, Morgan had decided to depict an American woman instead of a typical Greek profile. His friend suggested Anna Willess Williams to model for the portrait.
The young woman, a teacher from Philadelphia, sat for Morgan five times, after which he declared that her profile was the most perfect that he had ever seen. He used this design on the obverse of the silver dollar, along with the depiction of an eagle with its wings outstretched on the reverse. The eagle holds an olive branch — which symbolizes peace — and it perches atop a bundle of arrows, a symbol of war. The idea behind this image is that, although the U. Because of the Bland-Allison Act, the U.
Mint struck large quantities of the Morgan Dollar from to in Carson City, San Francisco, New Orleans, and Denver many Morgan Dollars have a mint mark indicating in which city they were produced. The Act required the Treasury to buy between two and four million dollars in silver each month to be struck into one dollar coins.
To add to the flooding, another briefly lived act, the Sherman Silver Purchase Act of , raised the amount of silver that the Treasury was required to buy to 4. The Sherman Act was repealed three years later, but the damage was done. The country was in financial crisis since the oversupply of silver prompted investors to hoard large amounts of gold.
Congress slowed the production of Morgan Dollars, finally halting it altogether in when the bullion supply for silver dollar minting had been exhausted. Nearly two decades later, the Pittman Act was passed in as a solution to the huge amounts of unused silver dollars in American banks. The Treasury had to melt down million Morgan Dollars, allowing time for demand of the coins to rise. In , the U. Mint used the silver bullion supply from the Pittman Act to create a new series of Morgan Silver Dollars.
It was the final year that these beautiful coins were minted, and it represents the majority of coins available for collection today.
Later that year, the Peace Silver Dollar took its place. The Morgan Dollar remains one of the most popular coins today for many reasons. Over time, numismatists and coin grading services have refined and agreed upon specific definitions, descriptions and numeric values that help all coin collectors describe coins accurately when buying or selling.
Morgan Dollars are large and heavy coins that are made out of silver which is relatively soft and malleable. The large size of the Morgan Dollar makes it difficult to strike up the design fully. The quality of the strikes vary from strong to weak, depending on the year and mint. The mint mark of Morgan Dollars struck at the branch mints appears below the bow in the wreath on the reverse design.
Morgan Dollars contain When you buy Morgan Dollars at GovMint. You can view our return policy here. Browse our website GovMint. Home U. Clear All. View as Grid List. Add to Compare. Availability: Available for Order. Who Designed the Morgan Silver Dollar? The Morgan Silver Dollar Design. Morgan Dollar Key Dates Collecting Morgan Dollars has become a popular set-building pursuit among many coin enthusiasts.
Graded Morgan Silver Dollars Coin grading is the expression of an opinion that describes the condition of an individual coin that most dealers and collectors would agree with. Filter By. Year of Issue. Date Range. Grade Service. Graded 15 items Uncirculated 92 items Circulated 37 items About Uncirculated 1 item.
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