1896 $1 Morgan Silver Dollar NGC Near GEM MS 64 Rosé Tones on Obverse and Rev
The Morgan dollar was a United States dollar coin minted from 1878 to 1904, and again in 1921. It was the first standard silver dollar minted since production of the previous design, the Seated Liberty dollar, ceased due to the passage of the Coinage Act of 1873, which also ended the free coining of silver. The coin is named after its designer, United States Mint Assistant Engraver George T. The obverse depicts a profile portrait representing Liberty, while the reverse depicts an eagle with wings outstretched. The mint mark, if any, appears on the reverse above the "o" in "Dollar". The dollar was authorized by the Bland-Allison Act. Following the passage of the 1873 act, mining interests lobbied to restore free silver, which would require the Mint to accept all silver presented to it and return it, struck into coin. This act, once again, was repealed in 1893. When those silver reserves were depleted in 1904, the Mint ceased to strike the Morgan dollar. The Pittman Act, passed in 1918, authorized the melting and recoining of millions of silver dollars.
Pursuant to the act, Morgan dollars resumed mintage for one year in 1921. The design was replaced by the Peace dollar later the same year. In the early 1960s, a large quantity of uncirculated Morgan dollars in their original bags were discovered in the Treasury vaults, including issues once thought rare.
Individuals began purchasing large quantities of the pieces at face value and then removed them from circulation through hoarding, and eventually the Treasury ceased exchanging silver certificates for silver coin. Beginning in the 1970s, the Treasury conducted a sale of silver dollars minted at the Carson City Mint through the General Services Administration. In 2006, Morgan's reverse design was used on a silver dollar issued to commemorate the old San Francisco Mint building. This item is in the category "Coins & Paper Money\Coins: US\Dollars\Morgan (1878-1921)".
The seller is "redoubt_numismatics" and is located in this country: US. This item can be shipped worldwide.
- Composition: Silver
- Known Mintage: 5,305,000.
- Certification Number: 337049-008
- Strike Type: Business
- Fineness: .900
- Grade: MS 64
- KM Number: KM 110
- Certification: NGC
- Modified Item: No
- Thickness: 2.4mm
- Circulated/Uncirculated: Uncirculated
- Denomination: $1
- Coin: Morgan
- Year: 1896
- Engravert: George T. Morgan
- Mint Location: Philadelphia
- Country/Region of Manufacture: United States
- Edge: Reeded
- Diameter: 38.1mm