Morgan Silver Dollars were minted from 1878 to 1904, and once again in 1921. The delay between 1904 and 1921 was caused by a silver shortage in the U.S. that primarily resulted from World War I. When the war ended in 1918, the US passed the Pittman Act, which allowed our government to spend hundreds of millions of dollars to purchase and melt silver, and use the material to produce more coins. The Seated Liberty Dollar was the series before the Morgan Silver Dollar, and the Peace Silver Dollar was the series after, which began in celebration of our victory from World War I.
George T. Morgan, the genius behind the design of the Morgan Silver Dollar, worked as an assistant engraver in the U.S. Mint, and later became the Chief Engraver. The reverse side of the Morgan Silver Dollar depicts the image of a majestic American Bald Eagle with 7 tail feathers that is holding arrows in one talon and an olive branch in the other talon. The obverse side of the Morgan Silver Dollar is of Lady Liberty with 13 stars surrounding her image, which represent the original 13 colonies. Funny enough, the original model for the obverse design of Lady Liberty was a school teacher by the name of Anna Williams. Morgan Silver Dollars have and always will be beloved by investors and collectors alike.
The Morgan Silver Dollar series was produced at five different mints over its almost fifty year span. To be more specific, the Morgan Silver Dollars were struck at Philadelphia (P), San Francisco (S), New Orleans (O), Carson City (CC), and Denver (D). The Denver Morgan Dollar was a special issue because it was only minted in the year 1921, unlike the other minted Morgan Silver Dollars that were minted almost every year.
The Morgan Silver Dollar carries a $1 face value and is composed of 90% silver and 10% copper only. In total, each Morgan Silver Dollar has .7734 troy ounces of silver content within it. The weight of the coin is 26.73 grams and each one has a diameter of 38.1 mm. The mintage of the 1884-O Morgan Silver Dollar was only 9,730,000, making it much more rare than the Philadelphia version which was 10,500,000 and the San Francisco which was 9,774,000.
Each one of these 1884 New Orleans Morgan Silver Dollars is guaranteed to be in stunning brilliant uncirculated condition. This is even more remarkable when you take into consideration that the coin is 136 years old! The United States producing such a beautiful coin is no surprise. If you are looking to add one of these stunning coins to your collection, please feel free to reach out to Bullion Shark. Purchase this coin on our website or over the phone at (516-739-5822) by speaking with a numismatic expert on our team. Available now for only $57, this coin in a MS65 condition is worth $125, which is more than double the price you would pay for our brilliant uncirculated coin.
Coin Type: Morgan Silver Dollar
Date: 1884 Mint: New Orleans
Precious Metal Content: .7734 oz pure silver