The Morgan Silver Dollar is the legendary coin of the ”Wild West.” As a result of its large size, solid silver content, stunning beauty, and historical importance, it is always in tremendous demand and is the most popular classic American coin.
The coin offered here is one of the finest in existence. It is guaranteed to be in Brilliant Uncirculated MS-64 condition, which is one of the highest grades.
The Morgan Silver Dollar was struck from 1878-1904 and again in 1921. It is named after its designer, George T. Morgan, who was an engraver with the U.S. Mint. The obverse portrays Lady Liberty wearing a slave’s cap (an ancient symbol of freedom) with the word “Liberty” inscribed on a ribbon. The reverse features an American eagle holding both the olive branch of peace and arrows of war.
This is the largest silver coin ever made for circulation: it is almost 1-1/2 inches in diameter and it contains over 3/4 ounce of pure silver. The overall silver purity is the standard .900 pure.
The Morgan Silver Dollar was the favorite coin of settlers, outlaws, and prospectors alike in the “Wild West.” Back East, the new paper dollar bills were gaining popularity, but paper money never caught on in the west.
The silver for this coin came from the famed Comstock Lode in Nevada. Due to the massive amounts of silver in each coin, more than 50% of all coins were melted by the U.S. Government in the 1920’s to help pay for World War I; millions more were melted for World War II; millions more were privately melted in the 1980’s when silver reached $50 an ounce; and millions were destroyed or worn out in circulation between 1878 and the 1920’s.
As a result, just a fraction of all coins remain today – and just a fraction of those coins are in original Brilliant Uncirculated condition like the coin offered here.
To certify that this is one of the highest graded Morgan Silver Dollars, it has been independently graded as MS-64 by a team of coin experts. Coins are graded on a 70-point scale, and MS-60 is the standard Brilliant Uncirculated grade – so this coin is four full grades better than a standard Brilliant Uncirculated coin.
The coin is also encapsulated in a tamper-proof holder to protect its condition for the future.
The date of the coin will range from 1878-1921, and the grading company may vary.