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The 1878 Morgan Silver Dollar mintage history

Probably the most extensively purchased U.S. coin is the Morgan Silver dollar. The 1878 Morgan Silver Dollar formed part of the Morgan Silver dollar mintage run. The Morgan Silver dollar was produced between 1878 and 1904 when manufacture was suspended as a consequence of insufficient need for the silver coin. A relatively serious diminution of the U.S silver bullion stock level during this time seemed to have also been a consideration. In 1921 the mintage was recommenced for solely that year wherein the Morgan dollar's production ended when it was supplanted by the Peace Dollar.

Public response to the silver coin

When it was first available the U.S public did not really like it. The coin was called a cartwheel due to the fact it was so big and heavy. It was known as the Bland dollar as a result of the Bland-Allison Act which created it. The coin was also known as the buzzard dollar. A number of people decided that the eagle on the reverse of the silver coin looked like a buzzard: it had a scrawny neck and body and they also thought that it did not appear very majestic. The obverse of the coin depicts Lady Liberty and for that reason the correct name for this coin is the Liberty Head dollar.

The actual Lady Liberty

The model for Lady Liberty was a teenage school teacher called Anna Willess Williams. She posed for the George Morgan in five different sessions and consistently in really strict secrecy. This was simply because she was a school teacher, and so she could possibly be fired if it were known that she were an artist's model. The reason for this secrecy was that proper young women simply were not artists models in 1876. A determined news reporter did a little digging about, found out just who the model for the silver coin was, publicized the information and as Miss Williams anticipated, she did in fact lose her teaching postion.

How the Mogan Dollar came into being

The Morgan Silver Dollar is named after its designer Mr George T Morgan. Mr Morgan had been a pupil of Mr William Wyen of the Royal Mint in London. He was hired by the United States Mint in 1878 to produce a completely new one dollar silver coin (his initial M is on both sides of each and every 1878 Morgan Silver Dollar ) The need for the coin occurred subsequent to the finding of the Comstock Lode in Nevada. Several silver mine owners got together and pressured the U.S Congress to pass the Bland-Allison Act. This ordered that the US Treasury purchase from them between two and four million ounces of silver on a monthly basis. The U.S Treasury wound up getting this immense level of silver monthly and looked for a strategy to utilize it. Its remedy ended up being to commission a new coin. George T Morgan designed it and production was started. The coin was produced in massive numbers throughout its run. The 1878 Morgan Silver Dollar was part of the over 500,000,000 Morgan dollars minted. 1921 saw the maximum minted, about 85 million were produced by three different mints during that time.

King of the Morgans

The King of the Morgans is regarded as the 1895-plain . The 1895-plain had a mintage as stated by the U.S mint of 12,000 commercial strikes - a fairly modest number - plus 880 proofs. Nobody has been capable of finding the 12,000 commercial strikes and of the 880 proof coins an estimated 75 to 80 of these are known to exist. As a result its value is fairly high, hence its name King of the Morgans.

1878 Morgan Silver Dollar leading particulars

The 1878 Morgan Silver Dollar has a diameter of 38.1 mm and weighs in at 26.73 grams uncirculated. It is made up of 90% Silver and 10% Copper. It contains 0.77344 troy ounces of pure silver. The obverse carries the appearance of Anna Willess Williams. The wording E PLURIBUS UNUM is across the top. The bottom of the coin is sort of enclosed by thirteen stars. The date is at the bottom. The reverse incorporates a flying eagle with three arrows in its right talon plus a branch in its left. A wreath encompasses two thirds of the bottom of the eagle. UNITED STATES OF AMERICA spans the top, ONE DOLLAR across the bottom, and In God We Trust is in between the eagle's wings. The coin includes a reeded edge.

Where the Morgan Silver dollar was struck

The 1878 Morgan Silver Dollar was minted at one of the five mints used in the production of the Morgan Dollar. The mint marks on the coins are 'CC' for Carson City, 'S' for San Francisco, 'O' for New Orleans 'D' for Denver and 'P' for Philadelphia. A Morgan free of a mint mark signifies that it was produced in Philadelphia.

Key dates

Apart from the 1895-plain, some other key date Morgans are the 1889 'CC' silver coin with the total of coins minted at 350,000, and also the 1893 'S' with a mintage of just 100,000.

The price tag of a 1878 Morgan Silver Dollar

The cost of a 1878 Morgan Silver Dollar is significantly based on three crucial factors: rarity, silver coin appearance and what the current market price is. As a very rough guide Morgans may possibly vary from $32 to $8,000 or maybe more.

The certifying of a 1878 Morgan Silver Dollar

Make sure that that one of the prime grading providers has graded and enveloped it. The Professional Coin Grading Service (PCGS), Independent Coin Grading Service (ICG), Numismatic Guaranty Company of America (NCG), and ANACS are generally strongly suggested. Have a reliable dealer verify a high quality 1878 Morgan Silver Dollar prior to buying. Only buy from reliable dealers.

A brief history of the life of George T Morgan

George Morgan was employed at the Philadephia Mint for forty-eight years. He eventually became Chief Engraver at the mint in 1917. He married and had three children. Primarily remembered for the Morgan Dollar, he also worked on a number of other silver coins, medals and also postal stamps. He continued working in the Philadelphia Mint up to a short time prior to his passing away in February 1925 at the age of seventy nine.

A brief history of the life of Anna Willess Williams

Anna Willess Williams was a nineteen year old Philadelphia school teacher when she modelled for Morgan. The specific reason for Morgan deciding upon Anna Willess Williams to pose for him was that from the outset he was minded to include the profile of an American woman (as opposed to that of an imaginary one) for his brand new design. Soon after rejecting several different candidates, Morgan more than happy with her profile, announced that it was the most perfect he had personally seen in England or America and then asked her to model for him. Morgan asked her to pose since he was working on engraving a half dollar during that time (the need for the 1878 Morgan Silver Dollar only came later) She became famous and received many letters and personal visits which which she found perturbing. Though she was offered profitable acting jobs, she refused them and stayed in the education profession for the rest of her life. Anna Willess Williams never married (although there were rumors of a fiance at one time) and died in Philadelphia in April 1926 aged sixty eight.

Legally, any type of replica 1878 Morgan Silver Dollar must have the word 'copy' stamped upon it. An actual 1878 Morgan Silver Dollar should really weigh close to 26.73 grams: reproductions are by and large lighter. When ever you rotate a 1878 Morgan Silver Dollar the engraving on the other side of the silver coin has to be precisely the other way up. A replica 1878 Morgan Silver Dollar could possibly be magnetic, a genuine 1878 Morgan Silver Dollar is certainly not.

1878 Morgan Silver Dollar coins previously bought from this site:

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