May 2nd, 2018
Avid coin collectors know that the Morgan Dollar was one of the earliest silver dollars in US history. Also known as the Morgan Silver Dollar, this coin was minted from 1878 through 1904, with an additional year of production in 1921. However, the Morgan should not be confused with the Peace dollar, which was also minted in 1921. The Peace Dollar was commissioned to memorialize the end of World War I and is distinguished by an eagle clutching an olive branch, with the word PEACE imprinted on the reverse side.
The Morgan's storied history makes it a valuable part of any numismatist's collection. In 1876, legislation required the US Treasury to purchase a minimum of $2 million dollars worth of silver to be coined into currency. This effort to appease the mining industry's panic of over deflated silver prices led to the creation of one the most beautiful coins in US history. Indeed, it's a true symbol of American pride, as George Morgan's concept featured for the first time "Lady Liberty". Her profile was modeled after a Philadelphia woman named Anna Williams. This departure from the Greek figure influence marks an important transition in currency design, and ushered in more patriotic imagery for future compositions. Another aspect of the coin's reverse side may interest collectors...the eagle initially featured eight feathers. Protests of over the inaccuracy of the eagle's plumage led to a modification depicting the correct seven feathers.
Today, Morgan Dollars are much sought after for their beauty and unique place in currency history. Rare Morgan coins, especially uncirculated dollars, can be worth thousands of dollars in today's market. To ensure the highest value of your coins, contact PMJ Coins for an expert appraisal and view our extensive inventory of silver coins for sale at www.pmjcoins.com.
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