Last S Mint Morgan Silver Dollar

This stunning large size circulating Silver Dollars from the San Francisco Mint is a key coin to  any collection - a "last" coin in  the  series. The last of these were minted in 1921. Known as the "coin of the Wild West," it contains over 3/4 oz. silver from the famed Comstock Lode in Nevada. The 1-1/2" diameter coin dwarfs those in use today. It's so large, because by law it had to contain exactly one dollar's worth of silver which was then price fixed at $1.29 per ounce. This coin was named after George T. Morgan, its designer, and was minted from 1878 - 1904 and then again in 1921. Few are left, particularly in this great condition, because the Pittman Act of 1918 required that they be melted down for their silver content. The coins feature Lady Liberty on the face and an eagle on back. As a result of  their  large size, solid silver content, stunning beauty, and historical importance,  silver dollars are  always in tremendous demand and these are the  most popular classic American coins. Due to the massive amounts of silver in each coin, millions were melted to help pay for World War II; millions more were privately melted in the 1980s when silver reached $50 an ounce; and millions were destroyed or worn out in circulation between 1921 and 1935. As a result, just a fraction of all coins remain today and just a fraction of those coins are in collectors  condition like the coins offered here.