Morgan Silver Dollar Coins FAQs
The Morgan dollar was minted from 1878 to 1904 and then again in 1921. So, the years when Morgan dollars were not minted are: 1905 to 1920. It's worth noting that the Morgan dollar was reintroduced in 1921 for just that year before being replaced by the Peace dollar later in 1921.
The 1893-S Morgan dollar holds the distinction of being the lowest mintage business strike Morgan dollar. Only 100,000 of these coins were minted, making it one of the most sought-after and valuable Morgan dollars among collectors. Due to its rarity, especially in higher grades, the 1893-S Morgan dollar commands a significant premium in the numismatic market.
The 1895 Morgan dollar with the "P" mintmark (indicating the Philadelphia Mint) is known as the "proof only" year. This means that only proof specimens of the 1895 Morgan dollar were produced by the Philadelphia Mint, and no business strike coins were minted for general circulation that year. The mintage for the 1895 proof Morgan dollar is reported to be only 880 coins, making it one of the rarest and most sought-after dates in the Morgan dollar series.
The Morgan dollar was designed by George T. Morgan, a British engraver who worked at the U.S. Mint. The coin is named after him. Morgan's design features a profile portrait of Lady Liberty on the obverse and an eagle with outstretched wings on the reverse. The model for Lady Liberty is believed to have been Anna Willess Williams, a teacher and Philadelphia resident.
The Morgan dollar was minted at five different U.S. Mint facilities. Here are the mints and their respective mintmarks:
P (or no mintmark) - Philadelphia Mint D - Denver Mint (However, it's worth noting that the Denver Mint did not produce Morgan dollars. The "D" mintmark is associated with other coin series.) S - San Francisco Mint O - New Orleans Mint CC - Carson City Mint
Of these, the Carson City (CC) minted Morgan dollars are particularly popular among collectors due to their lower mintages and the historical allure of the Carson City Mint.
The only year a Morgan dollar was struck with the "D" mintmark, indicating the Denver Mint, was in 1921. This was also the final year of the Morgan dollar's production before it was replaced by the Peace dollar. The 1921-D Morgan dollar is the sole instance of this coin being produced at the Denver Mint.
The Morgan dollar, often referred to as the "Morgan silver dollar," is composed of 90% silver and 10% copper. This 90% silver composition was standard for most U.S. silver coins during that era. The Morgan dollar contains a total silver weight of 0.77344 troy ounces (or approximately 24.057 grams) of pure silver.
The Morgan Dollar contains 90% silver and 10% copper. Given its total weight of 26.73 grams (or approximately 0.859 troy ounces), the actual silver content (or net pure silver weight) in each Morgan Dollar is approximately 24.057 grams or 0.77344 troy ounces of pure silver.
Morgan Silver Dollar always hold an above spot value. They often are valued more than double of the silver content, expecially if cary a rare mintmark. The 1893-S is the single rarest Morgan Dollar made for circulation. The finest known examples have sold for over $1,000,000! Be careful of fakes as they are plentiful!
The Morgan Silver Dollar coin weighs 26.73 grams (. 859 troy ounces) and contains 0.77344 troy ounces of silver.