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The Morgan dollar is a United States dollar coin minted from 1878 to 1904, in 1921, and beginning again in 2021 as a collectible. It was the first standard silver dollar minted since the passage of the Coinage Act of 1873, which ended the free coining of silver and the production of the previous design, the Seated Liberty dollar.
The 1893-S Morgan dollar is a United States dollar coin struck in 1893 at the San Francisco Mint.It is the lowest mintage business strike Morgan dollar in the series. The 1893-S is considered to be a key date in the Morgan dollar series: examples of the coin in both mint state and in circulated condition are valuable.
By December 1894, the price had dropped to $0.60. On November 1, 1895, US mints halted production of silver coins, and the government closed the Carson City Mint. Banks discouraged the use of silver dollars. [5] The years 1893–95 had the lowest productions of Morgan dollars for the entire series, creating several scarce coins. [8]
The hoard included more than 100,000 American silver dollars which were in safes or piled in bags in a corner. [1] Gillio purchased everything and claimed that it took 60 days to clear out the warehouse. He did not disclose the price that he paid for the collection but the casino chips and silver dollars alone had a face value of US$500,000. [1]
In early 1875, Congress passed the Specie Redemption Act, allowing the Treasury to pay out silver coins in exchange for paper currency. That act, combined with a drop in the price of silver, caused hoarded or exported silver coins to reappear in commerce within the United States. [28] Many trade dollars were reimported, especially to California ...
The Top 100 Morgan Dollar Varieties: The VAM Keys 4th Edition (4th ed.). Port Charlotte, Florida: Rare Coin Investments. p. 200. ISBN 978-0965364553. Van Allen, Leroy C.; Mallis, George (1977). The Comprehensive Catalogue and Encyclopedia of U. S. Morgan and Peace Silver Dollars. New York, New Yok: Arco publishing. p. 316. ISBN 9780668040211
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