Named for its British-born engraver, George T. Morgan (1845-1925), the Morgan Dollar was minted from 1878 to 1904 and once again in 1921. Total mintage was near 657 million. About half of all the Morgan Dollars have been melted down as silver bullion since 1918.
How much is a 1918 Morgan silver dollar worth?
Value: As a rough estimate of this coins value you can assume this coin in average condition will be valued at somewhere around $15.00, while one in certified mint state (MS+) condition could bring as much as $4,000 at auction. This price does not reference any standard coin grading scale.
Will Morgan dollars rise in value?
These prices have not increased from where they have been for the past several months. However, we expect that prices will be rising once the 2021-dated Morgan and Peace silver dollars are released (the U.S. Mint has not yet listed an expected issue date on its website).
When did the Mint stop striking the Morgan Dollar?
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.
How many silver dollar coins have been minted?
The image below illustrates the Morgan Silver Dollar Mintage figures for each year and mintmark combination for the Morgan Dollar series. Only circulation strike Morgan Silver Dollar coins are included within these more than 650,000,000 strikes now owned by silver investors and silver coin collectors worldwide.
What years was the Morgan silver dollar minted?
Morgan dollar. 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.
Why was the Morgan dollar taken out of circulation?
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.
