MORGAN SILVER DOLLAR MS 62
The coinage law of 1873 made no provision for the standard silver dollar. During the lapse of coinage of this denomination, the gold dollar became the unit coin, and the trade dollar was used for commercial transactions with Asia.
Resumption of the silver dollar was authorized by the Act of February 28, 1878, known as the Bland-Allison Act. The weight (26.73 grams) and fineness (.900) were to conform with the Act of January 18, 1837. George T. Morgan, formerly a pupil of William Wyon in the Royal Mint in London, designed the new dollar. His initial M is found at the truncation of the neck, at the last tress. It also appears on the left-hand loop of the ribbon.
Coinage of the silver dollar was suspended after 1904, when demand was low and the bullion supply became exhausted. Under provisions of the Pittman Act of 1918, exactly 270,232,722 silver dollars were melted, and later, in 1921, coinage of the silver dollar resumed. The Morgan design, with some slight refinements, was employed until the new Peace design was adopted later in that year.
Note: The coins for sale in this listing may not be the same as the picture. All coins will be pre-1921 and various dates.
The coins weigh 26.73 grams (.859 troy ounces) and they are 90% silver, so each coin contains 0.77344 troy ounces of silver.
Dates and mint marks are our choice, based on availability.
We also have multiple grades of Morgan Silver Dollars. You can find them here. Morgan Silver Dollar MS 63 , Morgan Silver Dollar MS 64 , Morgan Silver Dollar MS 65 and Morgan Silver Dollar MS 66 . Thanks for doing business with us.
For rarer dates we are numismatic experts and can help you get current values of your graded Morgan Silver Dollars.
*Prices are subject to change based upon product availability and due to market fluctuation.