richwhipple1972
16h ago
COINS
Untitled Item
Key Facts & Value
Key Fact
Description
This is an 1881 Morgan silver dollar, a renowned American coin struck from 90% silver. The obverse features a profile of Lady Liberty, designed by George T. Morgan. The reverse depicts a bald eagle with outstretched wings, also a design by Morgan. Its reeded edge and substantial silver content make it a tangible piece of American history, weighing 26.73 grams with a diameter of 38.1 mm. This particular coin shows signs of circulation.
History
The Morgan dollar series was minted from 1878 to 1904, and then briefly in 1921. It was authorized by the Bland-Allison Act of 1878, which mandated the purchase of silver bullion for coinage. George T. Morgan, an English engraver, designed both the obverse and reverse. The coin's production marked a significant period in American monetary history, reflecting the country's vast silver resources and westward expansion.
Facts
The Morgan dollar is highly sought after by collectors due to its iconic design and historical significance. The portrait of Lady Liberty is often praised for its artistic merit. The coin's production was interrupted by the Pittman Act of 1918, which led to the melting of millions of silver dollars. Its reintroduction in 1921 marked the final chapter for this beloved series.
Value Fact
Morgan silver dollars, especially in higher grades and from key dates, command strong prices in the collector market. The 1881 issue, while common, is still popular. Prices can range from around $30 for circulated examples to hundreds of dollars for uncirculated or proof versions, depending on condition and specific mint marks.
Item Details
Official Details
Variation Details
richwhipple1972 Details
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