1879 Morgan Silver Dollar with 1878 Reverse Error
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$139.95
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SKU
4979SR78
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The Morgan Silver Dollar is the most popular of Americas classic coins. Â Minted from 1878-1904 and again in 1921, it is a huge coin that was the favorite silver coin of the Wild West because of its large size and massive amount of pure silver. Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â
The Morgan Silver Dollar is named after its designer, George T. Morgan, who was an engraver with the U.S. Mint in Philadelphia. Â The obverse portrays Lady Liberty wearing a slaves cap (an ancient symbol of freedom) with the word Liberty inscribed on a ribbon. Â The reverse features an American eagle holding both the olive branch of peace and arrows of war. Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â
Due to the massive amounts of silver in each coin, more than 50% of all Morgan Silver Dollars were melted by the U.S. Government in the 1920s to help pay for World War I; Â millions more were melted for World War II; Â millions more were privately melted in the 1980s when silver reached $50 an ounce; Â and millions were destroyed or worn out in circulation between 1878 and the 1920s. Â Â Â Â Â Â Â Â
In 1879, the United States Mint changed the design of the Eagle on the reverse of the coin. Â They changed the flat breasted Eagle on the 1878 coin to a more rounded breast on the 1879 coin. Â In this variety of the 1879 coin, the 1878 reverse is used instead of the new reverse. Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â
This is the largest silver coin ever made for circulation: Â it is almost 1-1/2 inches in diameter and it contains over 3/4 ounce of pure silver. Â The overall silver purity is the standard .900 pure. Â The reason it is so big is that, by law, it had to contain exactly one dollars worth of silver (the price of silver was fixed at $1.29 an ounce during the era of the Morgan Silver Dollar).
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