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Basic Facts and History of the Morgan Silver Dollar

Looking at the American currency coins series, one that has actually proved to be the most popular one is the Morgan Silver Dollar. Though, this was never the case from the beginning. The upsurge in the popularity of the Morgan Silver Dollar coins with the collectors actually came up in the mid 70s. The following is a brief and quick review of the history there is with the Morgan Silver Dollar.

Looking back into history, we so have it that in the year 1878 in the month of February, we had the Bland-Allison Act coming into effect as law. The law served to so mandate the government to make several million dollar purchases of silver in every month and these were to be coined into silver dollars. However what was interesting in all this was the fact that these coins were not meant for trade or commerce at the end of the day. The main interest in these was to help with the need to help bring some bit of stability in the prices of silver as was the need and interest of the silver miners who were in the Western US.

The design of either side of the coin, the obverse and the reverse sides, were done by the one Englishman coin engraver, George T. Morgan. The first minting of the Morgan Silver dollars was done in 1878 and was done first by the US Mint in Philadelphia. The Morgan Silver dollars were actually over time produced in a number of mints in the US, precisely five and these all had their mint marks on the coins save for the mint in Philadelphia with the other mints being San Francisco with S as the mint mark, Denver with its mint mark being D, Carson City and its CC mint mark and the New Orleans came with the mint mark O.

However, production of the Morgan Silver Dollar stopped for some time in the year 1904 following the introduction of the Peace Silver Dollar. But as has been mentioned, this was for only for a short while as in the year 1921, the Morgan Silver Dollar was back in production and this was as a result of the popularity that was seen with the Morgan silver dollar.

If at all you happen to be as interested in these American currency coins collections, then it is wise for you to know of the particular ones that would actually earn you as much. The reason for this is the fact that given the value that the Morgan silver dollars have had in the past and to date, there have been some mimics of these, counterfeits being introduced and as such there are some of them that are not as authentic. As such you need to have the coin authenticated by a reputable coins dealer or some other grading service.

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