Not only is the 1879-O Morgan Dollar one of the lower mintage pieces in the series with just 2,887,000 pieces released, but it is highly sought after by collectors for another reason...
This is the very first silver dollar minted by the New Orleans Mint since the Civil War! We have just secured a small quantity of these historic silver dollars in exceptional brilliant uncirculated quality! The Morgan Silver Dollar is a sought after coin as it is, so a piece with a story like this is just even more sought after! You will notice the unique look that these New Orleans Morgan Dollars have! They are known to have a distinguishable luster that no other Morgans have!
Most consider Morgan Silver Dollars (minted between 1878 and 1904 and once more in 1921) to be one of the most stunning designs made for any silver dollar in US history. Unfortunately, none were minted between the years of 1905 through 1920 because of the unavailability of silver. It wasn’t until 1921 when the Morgan Silver Dollar was able to be produced for just one more year.
The New Orleans Mint officially opened up in 1835, and less than half a century later, they produced some of the best coins known in the Morgan Dollar series. New Orleans Morgan Silver Dollars are known for their amazing strike and luster. Surprising as it may be, the New Orleans mint actually produced nearly 25% of all the Morgan Silver Dollars ever to be struck. Seeing how well regarded the Morgan Silver Dollar has become, it's clear that the designer George T. Morgan made the right choice when selecting a school teacher to model for the obverse of the coin and having a fiercely detailed American Bald Eagle for the reverse of the coin. Having Lady Liberty surrounded by 13 stars, which represent the original 13 colonies is such a remarkable aspect of the coin. Furthermore, Morgan Silver Dollars are considered to be one the most elegantly designed coins, and as a result hold significant numismatic value.
The 1879-O Morgan Silver Dollar is a great starter coin for any collector who is looking to start a serious Morgan Silver Dollar collection. It is the first year ever of the New Orleans Morgan Dollars and only the second year of issue in the Morgan Dollar series. Only 2,887,000 coins were minted, which is very low in comparison to coins such as the 1921-P Morgan Silver Dollar which had upwards of almost 50,000,000 coins minted.
The five locations where the Morgan Silver Dollar were minted are: Philadelphia, San Francisco, New Orleans, Denver, and Carson City. Each Morgan Dollar has a diameter of 28.1 millimeters and a weight of 26.73 grams. Additionally, each Morgan Silver Dollar has a face value of $1 and is composed of 90% silver and 10% copper. The silver content per coin equates to .7734 troy ounces. Lastly, each coin is proudly minted in the United States of America.
A MS65 1879-O Morgan Silver Dollar is valued at approximately $4,288. We have that same coin in Brilliant Uncirculated condition for just $156 which is less than 3% of what you would otherwise pay for a MS65. The coin you receive will be blast white with amazing luster and detail. It will also ship free and fully insured!
We have hundreds of silver dollars in stock. If you have any questions, do not hesitate to contact an expert from the Bullion Shark team, and we will do our best to respond within 24 hours. You can contact us via LiveChat on our website or by phone at 516-739-5822.
Rare Coin Specifications
Year: 1879
Mintmark: O
Grade: Brilliant Uncirculated
Precious Metal Content: .7734 oz pure silver
Purity: 90%
