Silver dollar coin

The silver dollar coin, particularly the Morgan dollar, is one of the most iconic coins in world numismatics, minted from 1878 to 1921 in the United States.

About this subject

The Morgan dollar, designed by engraver George T. Morgan, was minted in 90% silver and 10% copper, weighing 26.73 grams and measuring 38.1 millimeters in diameter. Its production was mandated by the Bland-Allison Act of 1878, which required the U.S. government to purchase large quantities of silver and coin them into dollars. The obverse features a profile of Liberty wearing a Phrygian cap, while the reverse depicts a heraldic eagle with outstretched wings, clutching arrows and an olive branch.

The historical significance of the Morgan dollar extends beyond its monetary value. It circulated widely in the American West during the expansion of railroads and the gold rush, becoming a symbol of prosperity and frontier commerce. Coins minted at the Carson City Mint (marked 'CC') are especially prized, with proof specimens fetching millions at auction. It is estimated that only 10% of the minted coins survive in good condition today, fueling the collector market.

In addition to the Morgan dollar, the Peace dollar (minted from 1921 to 1935) is also considered a classic silver dollar, with a more artistic design and low relief symbolizing peace after World War I. Both types are widely collected globally, with variations such as the 1893-S and 1889-CC being highly sought after. Numismatics recognizes over 100 different die varieties for the Morgan, including errors and overdates, which add value.

On a global scale, other countries have also produced silver dollars, such as the Canadian silver dollar (featuring Queen Elizabeth II) and the Mexican silver peso (often called the Mexican silver dollar). However, the American Morgan dollar remains the most famous and sought-after by investors and historians alike.

Frequently Asked Questions

What is a silver dollar coin?

It is a one-dollar silver coin from the United States, notably the Morgan dollar (1878-1921) and Peace dollar (1921-1935), composed of 90% silver and 10% copper.

How much is a silver dollar worth?

Value depends on year, mint mark, and condition. Common coins may be worth $20 to $50, while rare ones like the 1893-S Morgan can sell for over $1 million at auction.

How to identify an authentic Morgan dollar?

Check weight (26.73g), diameter (38.1mm), silver content (90%), and mint marks (CC, O, S, D). Beware of magnetic coins or those with incorrect weight, as they may be counterfeit.