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 MS-65 1882-S Morgan dollar, slabbed by GLGS, a company that does not exist anymore.
The San Francisco Mint struck 9.25 million silver dollars in 1882. Many of those coins ended up sitting in bags stored in government vaults for decades before being released in the middle of the 20th century. These large releases have assured this date is one of the most common in high grade.
The obverse depicts a profile portrait representing Liberty.
The reverse depicts an eagle with wings outstretched. The mint mark (S) appears on the reverse above the "o" in "Dollar".
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