The first ever Morgan Silver Dollar designed by George T. Morgan was produced in 1878. The series continued annually but it all stopped in 1904 when the U.S. had a very serious shortage of silver. The solution to this problem was the Pittman Act, passed in 1918 after we won the World War, it allowed our government to buy and melt hundreds of millions of dollars worth of silver that would in turn be used to create more Morgan Silver Dollars in 1921, the last year in which they would ever be created. That was the very same year in which the Peace Silver Dollars were also produced for the first time, as a celebration for our victory in the first World War. It has been 119 years since the 1901-O Morgan Silver Dollars were minted with a quantity of 13,320,000. This was much more than the Philadelphia and San Francisco mints produced, 6,962,000 & 2,284,000 respectively, which is also a large reason as to why many of these are in circulation and much more affordable than New Orleans Morgan Silver Dollars usually are. Available for purchase in brilliant uncirculated condition, Bullion Shark is offering this coin for only $81 when you purchase this coin from our website or over the phone (516-739-5822) from one of our numismatic experts. So make sure to contact us today to get your hands on this antique part of U.S. history while supply lasts.
Product Specifications
Coin Type: Morgan Silver Dollar
FaceValue: $1USD
Composition: 90% silver; 10% copper
Date: 1901
Mint: New Orleans
Purity: 90%
Precious Metal Content: .7734 oz pure silver
