Olevian Numismatic Rarities
1878-1904 United States Morgan Silver Dollar in Mint State Condition
The Morgan silver dollar is among the most historic United States coins ever minted. Named after U.S. Mint Assistant Engraver George T. Morgan, it was produced from 1878 to 1904 and again in 1921. The obverse of the coin depicts Liberty as a youthful woman wearing a Phrygian cap, originally worn by emancipated slaves of ancient Rome, together with a headdress of cotton and wheat— staples of the U.S. economy. The reverse features an American bald eagle with outstretched wings, symbolic of the power of the U.S. government. The eagle bears in its great talons both an olive branch and 3 arrows, representing a nation of peace but one that is poised for war. The dollar was authorized by the passage of the Bland-Allison Act in 1878, which required the Treasury to purchase an enormous 2 to 4 million dollars’ worth of silver each month to be coined into dollars. Later, in 1918, passage of the Pittman Act ultimately led to the melting of over 270 million Morgan dollars held in treasury reserves. Today, the choice few that remain are cherished specimens of a bygone era that serve to immortalize the memory of a young, prosperous, and powerful United States of America. Your coin will come housed in a luxurious matte black wood box lined in velvet with a certificate of authenticity. The coin is unconditionally guaranteed to be genuine, dated between 1878 and 1904, and will match the quality of the one shown.
Product number: 195191
Price: $120.00 USD