Probably the most beautiful and collectable coins today – the Morgan dollars.
The Morgan dollars were named after it’s developer, George T. Morgan. The Morgan dollar is 90% pure silver, also it was minted from 1878 to 1805, and it was minted for a one year in 1921.
Why the oddity of minting the Morgan dollars for just one single year following a 16 year hiatus? Well, in 1921 the $1 design was modifying from the then current Peace dollar towards the Sacagawea dollar. Just about eighty-six million Morgan dollars were struck in 1921 by the US Mint, because the replacement wasn’t ready to fulfill the legal requirements set by Congress for maintaining $1 coinage production.
The morgan dollar was overproduced throughout it’s period, and around two-hundred and seventy million Morgan dollars were ruined after it’s mintage was stopped. For this reason, the Morgan dollar happens to be highly desired by collectors… Not just for it’s beauty and silver content material, but for it’s rareness. Needless to say, 1921 is still one of the most common years of mintage linked to the Morgan dollar.
But how are you able to determine a Morgan dollar from other coins just like the Franklin half-dollar or the popular Buffalo coin? Or even from fakes and duplication copies?
The obverse side will have a different side profile of a woman having a band of laurel intwined in her hair. This woman is the Lady Liberty, as shown by George T. Morgan. It comes with an old neoclassical design, and it is easily noticeable from the Peace dollar Lady Liberty.
On the opposite you will notice an eagle, the iconic symbol of the United States, having a wraith that encompasses the eagle. You will even note the domination “One Dollar”, and the words “United States of America”.
Bring your Morgan and place it on a digital scale. It should weigh close to 0.7734 ounces. If it weighs a lot more it’s a reproduction. If it weighs considerably less, then, it’s either severely used or a reproduction that has a light metal.
Simple, isn’t it? Now that you know what you’re trying to find all you have to do now is find some Morgan dollars to buy and collect.