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1884 Morgan Silver Dollar

Currency:USD Category:Collectibles Start Price:50.00 USD Estimated At:100.00 - 200.00 USD
1884 Morgan Silver Dollar
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The Morgan silver dollar was first minted in 1878, five years after theCoinage Act of 1873 discontinued the use of silver in coinage and ended the practice of “free silver” minting. Facilitated by theBland-Allison Act, which required the Treasury to purchase between two and four million dollars’ worth of silver per month for use in minting, the Morgan silver dollar represents the return of silver coinage in United States currency. Morgan silver dollars were minted until 1904, when a silver shortage halted production. 1921 was the final year of production for the coin and the first year of production for its successor, thePeace Dollar. Engraver George T. Morgan was responsible for the design of both faces. At the center of the obverse is a profile bust portrait of Liberty surrounded by a ring of stars. In the upper portion of the ring is the motto “E PLURIBUS UNUM,” and at the bottom is the year of mintage. The reverse features an eagle with outspread wings perched on an olive branch and a bundle of arrows and surrounded by a wreath. Above the eagle’s head is the motto “In God We Trust.” Along the upper rim is the legend “UNITED STATES OF AMERICA,” and the denomination “ONE DOLLAR” is below the wreath. History of the 1884 Morgan Silver Dollar 1884 was an early mintage for the Morgan silver dollar, only the seventh in the series, and it was not a particularly prolific year for production. Silver dollars minted in Philadelphia in 1884 (no mint mark present) number14,070,875. This location reports the highest number of silver dollars struck for the year. The second highest amount of coins struck came from the New Orleans Mint (signified by an “O” beneath the base of the wreath on the reverse), which reports producing9,730,000coins. New Orleans is a less common mint mark than most due to a relatively short span of operation, so some consider coins produced here as more desirable. Next is San Francisco (signified by an “S”), where3,200,000silver dollars were struck. High Uncirculated grades from this mint survive in very low numbers. Finally,1,136,000silver dollars were minted in Carson City (signified by a “CC”). Even more than New Orleans, this mint mark is coveted by many collectors because of its rarity. In terms ofcomposition, this issue is standard for the series: 90% silver, 10% copper, with a diameter of 38.1mm and a mass of 26.73g. - All items may be shipped or picked up locally within one week of sale. We will provide shipping estimates to the winning bidders or winning bidders may arrange their own shipping.