The year 1878 is of critical importance because that is the first year the Morgan Silver Dollar was produced. A nation-wide shortage of silver in the United States prompted the halting of production in 1904. However, the continuation of the Morgan Dollar series was inevitable and in 1921 they were struck for the last time because in 1918 after we had won the World War, the Pittman Act was passed, which allowed for our U.S. government to buy and melt hundreds of millions of dollars worth of silver that would be used to create more coins. As a symbolic gesture of our victory in the World War, the U.S. government decided to produce the Peace Silver Dollar, and before the Morgan Silver Dollar series was the Seated Liberty Dollar series. While these silver dollars were being minted, the Barber Half Dollar and Walking Liberty Half Dollar coins were being minted as well and in that respective order.
Although George T. Morgan has created 7 unique coin designs, his most prestigious one was by far, the Morgan Silver Dollar, such as the 1891-O Morgan Silver Dollar. He was an assistant in the U.S. Mint when he had first created the design, but later became the Chief Engraver. On the reverse side of the Morgan Dollar is a brawny American Bald Eagle with 7 tail feathers that is holding arrows in one talon and an olive branch in the other talon. On the obverse side of the coin is Lady Liberty’s charming face with 13 stars surrounding her image, with each star representing the original 13 colonies. The Lady Liberty design was based on Anna Williams, a regular school teacher that was chosen to be the model.
The Morgan Silver Dollar series was struck in five unique mints: Philadelphia (P) San Francisco (S), New Orleans (O), Carson City (CC), and Denver (D). For the first time ever, the Denver Mint struck Morgan Silver Dollars in the last year of issue, 1921.
All Morgan Dollars have a $1 face value, composition of 90% silver, 10% copper, weight of 26.73 grams, and a diameter of 38.1 mm. The mintage of the 1891-O Morgan Silver Dollar was 7,954,529, making it rarer than the Philadelphia which has a mintage of 8,693,556. Including this coin, a vast majority of Morgan Dollars have not been produced in well over a century, and these are just a few reasons as to why the coins have and always will be beloved by both investors and collectors alike.
Our 1891-O Morgan Silver Dollar is in brilliant uncirculated condition and is guaranteed by Bullion Shark. That itself is a remarkable accomplishment because this coin is 129 years old! Add this coin to your collection by reaching out to us. The 1891-O Morgan Dollar is now available for purchase via our website or over the phone at (516-739-5822) if you choose to speak with one of our numismatic experts. This coin can be yours for only $304, free shipping and handling is included as well. This is a much cheaper deal compared to the MS 65 version that is valued at approximately $5,000, which is nearly 20x the price we are offering our BU condition coin for!
Product Specifications
Coin Type: Morgan Silver Dollar
Date: 1891
Mint: New Orleans
Purity: 90%
Precious Metal Content: .7734 oz pure silver
