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Mar 1878 – The first Morgan Silver Dollar was made in March, 1878 from designs by George T. Morgan, In the eagles tail the feathers numbered eight, but the dies were modified to show just seven feathers. During the second week of production of the new silver dollar Director …The first Morgan Silver Dollar was made in March, 1878 from designs by George T. Morgan, In the eagles tail the feathers numbered eight, but the dies were modified to show just seven feathers. During the second week of production of the new silver dollar Director Linderman came to Philadelphia to meet with the officials and engravers Barber and Morgan. He directed that new hubs be made for the obverse and reverse to slightly reduce the relief of the designs, to facilitate coinage

The Morgan coin had 28 years old history of coinage. During this time it’s design was changed for 5 different mints. Named by its designer George T. Morgan it has the side view of Miss Liberty’s head on the obverse and the eagle with outspreaded wings on the reverse. The eagle holds in his talons an olive branch and a bundle of arrows. Designer put his initials and mintmarks on the both sides: under the Miss Liberty’s neck and under the ribbon on reverse. Depending on the place of coinage coins have 5 different mints on reverse: Philadelphia Mint (P), Carson City Mint (CC), Denver (D), New Orleans (O), and San-Francisco Mint (S).

King of Morgan Silver Dollar

Morgan 1895 – Morgan has 3 rare types. They are: 1889-CC; 1893-S and 1895 Proof. Morgan 1895 is the rarest and has the perfect appearance. According to Red Book 2009 it worth 1,000000 $. But it won such a glory with the help of mystery. The U.S. Mint records show that there were minted 12,000 Morgan’s in 1985 and 880 Proofs. Nowadays there are only 80 Proofs and no one of 12,000 coins in the world. A real mystery? Nobody knows where they are. The proofs to be so valuable that it keeps numismatic world dreaming about discovering another one hoard with Morgan’s if one still exists.

Morgan Dollars were mostly ignored by coin collectors for decades after the coin’s termination. It wasn’t until the early 1960’s that collecting Morgan Dollars started to take off. At this point in time silver was worth around $1.29 per ounce. At this price, the silver metal value of a silver dollar was worth a dollar. Many banks still had bags and rolls of silver dollars and all you needed to do was go down to the bank and ask for them.

In 1960 the silver had an upsurge of price and there was the profit drawing out of it by redeeming silver certificates for Morgan dollar. Some did that until Government went against it but it had steady effect – the interest of public to Morgan dollar had risen.

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