ArticlesBase.com - Free Articles Directory
Free Online Articles Directory
12.10.2008 Sign In Register Hello Guest
Email:
Password:
Remember Me 
forgot your password?


Morgan Dollar

Author: lee williams Author Ranking Blue | Posted: 05-09-2007 | Comments: 0 | Views: 41 | Rating:  (56) Article Popularity - Blue (?) Got a Question? Ask.
Related Videos
How to Fold a Dollar Bill to Make a Finger Ring

Learn how to turn a dollar into a...

How to Get a Coin from a Dollar

Watch this awesome trick showing you how to whip out a coin...

How to Make a Shirt out of a One Dollar Bill

These step by step instructions help you to fold your own money...

Sign Up Now!

The Morgan Dollar is a silver United States dollar coin. The dollars were minted from 1878 to 1904 and again for one more year in 1921. The Morgan Dollar is named after its designer, George T. Morgan, who designed the obverse and reverse of the coin. Morgan's monogram appears near Lady Liberty's neck on the obverse. The Morgan Dollar was authorized by the Bland-Allison Act of 1878. It has a fineness of .900, giving a total silver content of 0.77344 troy ounces (24.057 grams) per coin.
History
The Comstock Lode, the greatest silver strike in history, was discovered in Nevada in the late 1850s. The strike put downward pressure on silver prices worldwide. The greatest silver strike in history was followed by the greatest coinage boondoggle in history. In 1878, to protect the interest of the western states, Congress passed the Bland-Allison Act which required the Treasury Department to purchase large amounts of silver, and to strike it as coins. For reasons of economy, the Treasury chose to strike the silver as dollars. The mintage was far more than was needed in circulation. These excess silver dollars quickly began piling up. Some original mint bags of Morgan Dollar remained in treasury vaults until the 1960s. This strange past has led to one of the greatest collectible series in American coins providing collectors with many dates and mint marks readily obtainable in mint state condition along with challenging rarities.
When the dollar was minted in 1878, it was the first dollar issued for American commercial use since the last Seated Liberty Dollar of 1873. The Trade Dollar was minted during this time period but was for trade in the orient. The dollar was continuously minted until 1904 when the supply of dollars in circulation was high and there was an absence of silver bullion. Then in 1918, the Pittman Act called for over 270 million coins to be melted for silver content. In 1921, the coinage of the Morgan Dollar resumed for that year and was replaced by the Peace Dollar commemorative that would become standard issue. Since 1921, many Morgan Dollar have been melted, mostly when silver prices escalate and they yield silver bullion.
Caches of Morgan Dollar produced at the Carson City Mint were discovered and were sold to coin collectors by the federal government in the early 1970s. These dollars were uncirculated and are called GSAs (named after the General Services Administration) and come in holds that mimic the holds used for proof silver Eisenhower dollars.
Rare Coin Site

Rate this Article: Current: 0 / 5 stars - 0 vote(s).

Article Tags: Morgan Dollar

Article Source: http://www.articlesbase.com/hobbies-articles/morgan-dollar-209337.html

Print this Article Print article   Email to a Friend Send to friend   Publish this Article on your Website Publish this Article   Send Author Feedback Author feedback  
About the Author:

Lee Williams Coin Site

Submitting articles has become one of the most popular means of generating quality backlinks and targeted traffic to your website. Join us today - It's Free!

Article Comments

Comment on this article Comment on this article
Your Name
Your Email:
Comment Body
Enter Validation Code: Captcha


Related Articles

Coin Collecting and Investing Tactics for Future Profits
By: Randy Harrison | 03/11/2007 | Hobbies
Hobby related articles - get free hobbies content for your web sites.

Got a Question? Ask.

Ask the community a question about this article:

Q&A Powered by:
Powered by Yedda 

Latest Hobbies Articles

All About the Best Football Gear in Today's Era
By: Soophott Lert | 11/10/2008
Furthermore, football stuff collectors are also increasing in number as time passes by. It is somehow very evident that as football aficionados are gaining its population, football stuff collectors are also booming in numbers. Some of the collectors tend to gather football jerseys, T-shirts, track jackets as well as flags. So if you want to be like them then, you can start by purchasing first any football gear.

The Simple Secret the Pro's Use in Their Golf Round
By: Ronald Pearce | 11/10/2008
Do you know how much energy you're wasting and the risk of injury your putting to yourself by carrying a golf bag? If you want to gain a competitive edge and avoid strain and injury read this article.

Dos and Dont's for the Golf Game
By: Ronald Pearce | 10/10/2008
Use these Dos and Don'ts to help improve your golf game and stay ahead of the competition.

Secrets to a Consistent Golf Swing
By: John Lynch | 09/10/2008
I was recently discussing the golf swing with a physics professor I had met on the golf course. He said there are really only 2 physical principals that impact a consistent golf swing...

Sailing Clubs in the UK
By: Simon White | 08/10/2008
A Yacht Club, or Sailing Club, is a sports club exclusively related to sailing and yachting. Traditionally, a Yacht Club is focused on membership of yacht owners, while a Sailing Club would be membership for smaller boat owners - such as dinghies. Some clubs also include owners of powerboats.

Be a Top Football Coach
By: Peter Wakefield | 07/10/2008
Ideas you need on how to become a soccer coach and what kinds of things you'll need to take into account with coaching.

Celebrate Christmas in Lindon
By: Gary Mattoc | 04/10/2008
A quick overview of celebrating elebrating Christmas parties in London

How Hypnosis Can Enhance Sports Performance
By: Peter James Field | 03/10/2008
Sports hypnotherapy has a long and honourable history, with hypnosis for sports being used by many top rank athletes and teams. Here, a leading British hypnotherapist talks about the many advantages of sports hypnosis.

More from lee williams

The Dime
By: lee williams | 10/11/2007 | Hobbies
The dime is a coin worth ten cents, or one tenth of a United States dollar. The dime is the smallest in diameter and the thinnest of all U.S. coins currently minted for circulation.

The 1933 Double Eagle
By: lee williams | 10/11/2007 | Hobbies
The 1933 double eagle (United States 20-dollar gold coin) currently holds the record for highest price paid at auction for a single U.S. coin when it was purchased for US$7.59 million.

Gangs in England
By: lee williams | 08/11/2007 | News and Society
Gangs in England are active in several cities, most notably in the larger cities such as London, Manchester, Birmingham and more recently in areas of Bradford and Liverpool.

Domestic Violence
By: lee williams | 08/11/2007 | News and Society
Domestic violence (sometimes referred to as domestic abuse) occurs when a family member, partner or ex-partner attempts to physically or psychologically dominate another

Hooliganism
By: lee williams | 08/11/2007 | News and Society
Hooliganism refers to unruly and destructive behavior.

Professional Coin Grading Service
By: lee williams | 13/10/2007 | Hobbies
The Professional Coin Grading Service (PCGS) is a third-party appraisal service for grading rare coins.

First Strike Coins
By: lee williams | 13/10/2007 | Hobbies
The U.S. Mint has no First Strike program for the minting and distribution of its coins. However, the Mint sometimes does "first strikings" of new coins

Online Advertising and Google Adsense
By: lee williams | 03/10/2007 | Advertising
online advertising with adsense and how this tool can drive sales to your site

Article Categories






Give Feedback

Sign up for our email newsletter

Receive updates, enter your email below