5 Decades of Morgan Silver Dollars

This prized collection contains one coin from each decade of issue: 1870s, 1880s, 1890s, 1900s and 1920s.

The Morgan Silver Dollar is named after its designer George T. Morgan who was an engraver with the United States Mint in Philadelphia.  The obverse portrays Lady Liberty wearing a slave's cap (an ancient symbol of freedom) with the word Liberty inscribed on a ribbon. The reverse features an American eagle holding both the olive branch of peace and arrows of war.

This is the largest US silver coin ever made for circulation: it is almost 1-1/2 inches in diameter and it contains over 3/4 ounce of .900 pure silver.  The reason for its large size is that, by law, it had to contain exactly one dollar's worth of silver.  The price of silver was fixed at $1.29 an ounce during the era of the Morgan Silver Dollar.

Due to their high silver content, more than 50% of all Morgan Silver Dollars were melted by the U.S. Government to help cover the costs of World War I.  Millions more were melted for World War II.  And even more were privately melted in the 1980s when silver reached $50 an ounce.  As a result just a fraction of all coins remain today.

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