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Basic Facts and History of the Morgan Silver Dollar

The Morgan Silver Dollars are among some of the most popular of the American currency coins series. Though, this was never the case from the beginning. The upsurge in the popularity of the Morgan Silver Dollar coins with the collectors actually came up in the mid 70s. The following is a brief and quick review of the history there is with the Morgan Silver Dollar.

Looking back into history, we so have it that in the year 1878 in the month of February, we had the Bland-Allison Act coming into effect as law. The operation of this particular bit of legislation was to mandate the US government to make millions of dollar purchases of silver in each month and these were to be coined into silver dollars finally. Interestingly enough, these coins were not meant for trade or commerce purposes. The main interest in these was to help with the need to help bring some bit of stability in the prices of silver as was the need and interest of the silver miners who were in the Western US.

The design of either side of the coin, the obverse and the reverse sides, were done by the one Englishman coin engraver, George T. Morgan. The US Mint in Philadelphia was actually the first to produce the first ever production of the Morgan Silver dollars and this was in the same year that the Act came into effect, 1878. Over the life of the Morgan Silver dollars, they were produced at five different mints and these all except for one had their mint marks and they are Philadelphia mint which is the one that had no mint mark, San Francisco who mint mark was S, New Orleans, O as its mint mark, Carson City which had CC as the mint mark and finally Denver with D as the mint mark for their mint coins.

In the year 1904 following the introduction of the alternative silver dollar design of the American currency coins, the Peace Silver dollar design, there was a stop for some time of the production of the Morgan Silver Dollar. But all in all, just as we have already mentioned above, the stop was only for a short span of time as when it came to the year 1921 the Morgan silver dollars were again back in production and this was mainly for the popularity that they had with the citizens.

If at all you happen to be as interested in these American currency coins collections, then it is wise for you to know of the particular ones that would actually earn you as much. The reason for this is the fact that given the value that the Morgan silver dollars have had in the past and to date, there have been some mimics of these, counterfeits being introduced and as such there are some of them that are not as authentic. This as such makes it important for you to have your coins authenticated by a reputable coin dealer or some other third party grading service.

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