In 1878 Congress passed the Bland-Allison Act. The Act required the U.S. government to purchase large quantities of silver and turn it into silver dollars. Named after its designer, United States Mint Assistant Engraver George T. Morgan, the Morgan dollar is one of the most popular of all American coins. It's large size, abundant supply, and pleasing appearance make it both affordable and desirable.
Morgan Dollars were struck without interruption from 1878 to1904, then again in 1921. U.S. Mints that produced Morgan Dollars include Philadelphia, New Orleans, San Francisco, Denver, and Carson City.
It weights 26.73g with 90% silver purity.
I am basically a commemorative collector but I have a few Morgan and Peace dollars, slabbed and not slabbed and I will show you some of them.
This is the 1884-O Morgan dollar, slabbed by ANACS, the oldest third-party grading service for coins.
The 1884-O Morgan dollar had a mintage of over 9.7 million pieces. Many of those survived in uncirculated condition in Treasury vaults. Due to the survival of many examples in original bags, this issue is quite common in mint state through gem (MS-65).
ANACS graded 1,069 as MS-65, with only 45 graded above. ANACS has graded 13,483 1884-O coins in mint state until today (11/16/2019).
The obverse depicts a profile portrait representing Liberty.
The reverse depicts an eagle with wings outstretched. The mint mark (O) appears on the reverse above the "o" in "Dollar".
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