Happy wednesday amazing peeps 😉
I hope you are having a wonderful week, mine has been crazy busy and a few incidents that has got me worn out so I haven't posted much.
But this is for worldcoinwednesday hosted by @silverd510 to show different coins from around the world.
USA Morgan Dollar 1921 UNC
- Value: 1 United States dollar
- Mass: 26.73 g (412½ gr)
- Diameter: 38.1 mm (1.5 in)
- Thickness: 2.4 mm (0.09 in)
- Edge: Reeded
- Composition: 90.0% Silver, 10.0% Copper
- Years of minting: 1878-1904, 1921
- None (Philadelphia)
- CC (Carson City)
- S (San Francisco)
- O (New Orleans)
- D (Denver)
The Morgan dollar was a United States dollar coin minted from 1878 to 1904, and again in 1921.
It was the first standard silver dollar minted since production of the previous design, the Seated Liberty dollar, ceased due to the passage of the Coinage Act of 1873, which also ended the free coining of silver.
The coin is named after its designer, United States Mint Assistant Engraver George T. Morgan.
The obverse depicts a profile portrait representing Liberty, while the reverse depicts an eagle with wings outstretched.
The mint mark, if present, appears on the reverse above the "o" in "Dollar".
- Design: Liberty
- Designer: George T. Morgan
- Design date: 1878
- Design: Eagle clasping arrows and olive branch
- Designer: George T. Morgan
- Design date: 1878
The dollar was authorized by the Bland–Allison Act.
Following the passage of the 1873 act, mining interests lobbied to restore free silver, which would require the Mint to accept all silver presented to it and return it, struck into coin. Instead, the Bland–Allison Act was passed, which required the Treasury to purchase between two and four million dollars' worth of silver at market value to be coined into dollars each month.
In 1890, the Bland–Allison Act was repealed by the Sherman Silver Purchase Act, which required the Treasury to purchase 4,500,000 troy ounces (140,000 kg) of silver each month, but only required further silver dollar production for one year.
This act, once again, was repealed in 1893.
In 1898, Congress approved a bill that required all remaining bullion purchased under the Sherman Silver Purchase Act to be coined into silver dollars.
When those silver reserves were depleted in 1904, the Mint ceased to strike the Morgan dollar.
The Pittman Act, passed in 1918, authorized the melting and recoining of millions of silver dollars.
Pursuant to the act, Morgan dollars resumed mintage for one year in 1921.
The design was replaced by the Peace dollar later the same year.
In the early 1960s, a large quantity of uncirculated Morgan dollars in their original bags were discovered in the Treasury vaults, including issues once thought rare.
Individuals began purchasing large quantities of the pieces at face value and then removed them from circulation through hoarding, and eventually the Treasury ceased exchanging silver certificates for silver coin.
Beginning in the 1970s, the Treasury conducted a sale of silver dollars minted at the Carson City Mint through the General Services Administration. In 2006, Morgan's reverse design was used on a silver dollar issued to commemorate the old San Francisco Mint building.
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Damn @saffisara, that is a beautiful Morgan. Very nice, thanks for showing that beauty off.
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And I just noticed the bejeweled SteemSilverGold logo! Awesome!
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Nice post about the coins, @saffisara!
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So pretty!! Silver needs to hit $200 in 5-10 years lol
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Lovely. Morgan dollars are sweet
Uncirculated Shiny, 😎 gotta wear the shades. I got a few 1921s too but not as pretty condition as this.
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Now you’re collecting Morgans!!!
Killer moves saffi 🤩👍
The poster Morgan Silver Dollar ...the 1921 Morgan !!!
Very nice !!!🤗
That is an excellent Morgan example you have my friend. That is history you are holding. It’s the most recognized coin in the history of coinage. Tons of hugs🤗🥰🌹❤️ and it’s been a while so it’s s huge squeeze.😃
Great decision to get Morgan Dollars... one of the best US coins to have.
Take care🌺🤙, and much love 🥰
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