Containing .7734 oz of fine Silver, these Brilliant Uncirculated Morgan Dollars are a piece of American history.
Silver Coin Design:
The obverse features a left-facing profile of Liberty wearing a Phrygian cap adorned with wheat and cotton balls in her hair, while the reverse depicts a bald eagle with outstretched wings clutching an olive branch and arrows in its talons.
The Morgan Dollar holds a special place in U.S. coinage as it was the first coin to feature Lady Liberty with an American look, rather than the traditional Greek style. Her cap is adorned with wheat and cotton as a tribute to America’s agricultural history. The image of the eagle was also updated for the Morgan Dollar, showing a proportionally correct eagle with beautifully designed feathers. He carries an olive branch, showing America’s desire for peace, and is perched atop a bundle of arrows, signifying America’s readiness to defend her borders against attack. The Morgan Dollar flooded the markets from 1878-1904. Nearly two decades after production halted, the Morgan Dollar was seen again for one year only, in 1921, due to a renewed desire for this iconic, beautiful design.
Silver Coin Packaging:
Individual coins come in protective plastic bags. Multiples of 20 come in plastic tubes, multiples of 100 come in 100-count bags, and multiples of 500 come in 500-count bags.
Silver Coin History:
The minting of Silver Morgan Dollars was a result of the Bland-Allison Act that reinstated Silver as legal tender in February 1878. Before 1878, production of Silver Dollars and other Silver coinage had been halted under the Coinage Act of 1873, and this left Gold as the standard economic unit of account. Silver coins had become devalued for multiple reasons, including the discovery of the largest Silver vein in world history. By 1878, Congress decided that U.S. coins should be both Silver and Gold, and therefore, Congress passed the Bland-Allison Act, which required the U.S. Treasury to purchase a fixed amount of each month to be minted into Silver coinage.