The Morgan silver dollar is the Cadillac of US coin collecting, it is one of the most popular types of US coins, and is known to people even outside of the coin collecting world. The Morgan dollar was minted from 1878 to 1904, and in 1921 right before the dollar coin was redesigned as a Peace dollar to commemorate the end of World War I. The Morgan dollar is named after the artist that designed and engraved the coin, George T. Morgan. Mr. Morgan designed many different coins such as the Columbian Exposition Commemorative Half Dollar and the commemorative Panama-Pacific Exposition gold and silver coins, but the Morgan dollar is considered his greatest achievement. The Morgan dollar is made up of silver and copper, with the total weight of silver totaling just over ¾ of a troy ounce.
When the Morgan dollar was first released, it was met with mixed reviews. It was most popular in the West and the South because they found the weight of the coin reassuring. Conversely, the North and the East found the weight of the coin a distraction when conduction commerce. It took up until the 1960’s for the appreciation of the Morgan dollar to spread, the US government took notice and started to sell its stock of silver dollars through the GSA department. The Morgan dollars released through the GSA are called “GSA Dollars” and the most famous of the GSA dollars are the Carson City Morgan Dollars.
The Newark Coin Exchange is always looking to buy silver dollars and feel free to bring any other types of coins and/or paper money in when you visit.
Thanks for listening.